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ARTICLE · 10 JANUARY 2025

Environment_ESG | November 2024 - Regulatory Updates

JSA Advocates & Solicitors
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JSA Advocates & Solicitors

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The Securities and Exchange Board of India issues consultation paper on "Proposals for Ease of Doing Business by Environment, Social and Governance Rating Providers"

IndiaEnvironment
Amit Kapur
Amit Kapur
Nawneet Vibhaw
Nawneet Vibhaw
Prannoy Sebastian
Prannoy Sebastian
Komal Karnik
Komal Karnik
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The Securities and Exchange Board of India issues consultation paper on "Proposals for Ease of Doing Business by Environment, Social and Governance Rating Providers"

The Securities and Exchange Board of India ("SEBI") issued a consultation paper, dated October 31, 2024, aimed at enhancing the operational framework for Environment, Social and Governance ("ESG") Rating Providers ("ERPs"). The paper proposes a subscriber-pays model to improve the functioning and transparency of ESG ratings. Key recommendations include allowing ERPs to share ESG rating reports simultaneously with both rated companies and subscribers, as long as no non-public information influences the ratings. Additionally, the paper suggests that rated entities or their affiliates should not subscribe to their own ratings to maintain impartiality.

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