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Sebi plans to make registration mandatory for ESG rating providers

Sebi proposes framework for ESG scoring parameters and rating providers in fresh consultation paper

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Khushboo Tiwari Mumbai
The Securities and Exchange Board of India (Sebi) is planning to make the registration for environmental, social, and governance (ESG) rating providers, or ERPs, mandatory under a new regulatory framework that will also look to address norms related to disclosures, methodology for ESG scoring, and developing a parallel approach for ESG rating suitable to emerging markets.

In a fresh consultation paper, the capital markets regulator has proposed a framework for ESG scoring parameters and rating providers.

Presently, ERPs are not subject to any regulatory oversight but continue to provide services for the securities market — a risk Sebi has identified

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First Published: Feb 23 2023 | 6:23 PM IST

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