Overview
India’s ESG regulatory policies are mainly formulated by the Securities and Exchange Board of India and its ESG Advisory Committee. The regulations includes listed companies, ESG ratings and ESG funds.
For example, SEBI divides ESG funds into six categories. ESG funds need to invest at least 80% of their moneys in the corresponding categories, and 65% of their money should be invested in companies that comply with Business Responsibility and Sustainability Reporting Standard.
SEBI Proposes Regulations on ESG Mutual Funds
SEBI approved new ESG mutual funds to meet the growing demand for green financing
SEBI Issues Consultation Paper on ESG Disclosures, Ratings and Investing
The Securities and Exchange Board of India (SEBI) issued a consultation paper to solicit opinions on the ESG disclosures of listed companies, the ESG rating of the securities market and the ESG investment in the asset management industry, so as to promote a more transparent and simplified development