Implementing Sebi's ESG framework tough for Indian companies: Rating agency

The government's clean energy push has prompted the regulator to roll out a series of rules for the country's top 1,000 listed companies

Indian companies will find it difficult to implement environmental, social and governance ratings proposed recently by the capital market regulator and authorities may need to offer incentives to accelerate adoption, a senior rating agency official said.

“It is easy for Scandinavian or Norwegian companies to say they will not use coal given their demographics, but it’s difficult to practice such a position in India, if not impossible,” Sankar Chakraborti, group CEO at Acuite Ratings and Research and chairman at ESG rating provider ESGRisk.ai said in an interview. 

Prime Minister Narendra Modi’s resolve to boost green power in India’s energy mix