The Securities and Exchange Board of India (SEBI) has constituted a working group to undertake a comprehensive review of the regulatory framework governing ESG Rating Providers (ERPs), following feedback from market participants and stakeholders.The regulator said the panel will examine the existing framework, consider representations and suggestions received from the market, and recommend measures to enhance transparency, reliability and investor confidence in ESG ratings.
The group will also evaluate international regulatory developments in the ESG ratings space and identify areas where India’s framework can align with global best practices, while factoring in domestic market requirements.
Also Read: SEBI issues new forms for registration of stock brokers and clearing membersThe working group comprises representatives from issuers, investors and ESG rating users, domestic and global ERPs, ESG analysts, legal experts and academia. It will submit its findings and recommendations on policy and regulatory changes to SEBI.
Also Read: SEBI looks to curb volatility in Gold and Silver ETFs, proposes to review price band
(Edited by : Sheersh Kapoor)
