SEBI constitutes a Working Group to review regulatory framework governing ESG Rating Providers

The Securities and Exchange Board of India (“SEBI”) has constituted a Working Group to review the regulatory framework governing ESG Rating Providers (“ERPs”). It will undertake the following activities:

1. Examination of representations and suggestions received from market participants.

2. Propose measures to enhance transparency, reliability, and investor confidence in ESG ratings.

3. Evaluate international regulatory developments in the ESG rating space and identify areas for alignment with global best practices, while considering the Indian market context.

Source: SEBI