Sebi mulls disclosure norms for MF ESG schemes, seeks public comments

Currently, top 1,000 listed firms are required to furnish a 'business responsibility and sustainability report' to the bourses, which has disclosures about ESG initiatives taken

The Securities and Exchange Board of India (Sebi) is considering introducing a disclosure and investment framework for mutual fund (MF) environment, sustainability and governance (ESG) schemes.

In a discussion paper floated on Tuesday, the market regulator has sought public comments on various issues pertaining to ESG investments.

“Whether responsible investment policy should be revised to contain a clause that from October 1, 2022, AMCs shall only invest in securities which have business responsibility and sustainability report (BRSR) disclosures?,” the regulator has asked.

Currently, top 1,000 Indian listed companies are required to furnish a BRSR to the stock exchanges. The BRSR