Sebi mulls steps to facilitate ease of doing biz for ESG Rating Providers

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Markets regulator Sebi has proposed tweaking framework for ESG Rating Providers (ERPs), particularly for those using a subscriber-pays model, including an exemption from the requirement to disclose ESG ratings to stock exchanges.

Additionally, the regulator has suggested that ERPs using a subscriber-pays model should share ESG (Environmental, Social, and Governance) rating reports with both subscribers and the rated issuer simultaneously.

ERPs should ensure that rated entities, their group companies, or associates cannot subscribe to their own ESG ratings, Sebi said in its consultation paper.

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Category: BusinessFinance

Markets: India

Topics: Government Administration Activities The Securities and Exchange Board of India Corporate governance Securities and exchange board of india Social Ethical banking Regulation of ESG rating in the European Union And governance Environmentalism Securities and Exchange Board of India Environmental Ethical investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:21:12 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23360959

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