SEBI constitutes advisory committee on Environmental, Social and Governance (ESG) matters

The SEBI has constituted a committee for advising on ESG-related matters in the securities market. The terms of reference of the Committee includes enhancements in business responsibility and sustainability report (BRSR), disclosures in the rationale by ESG rating providers on what and how qualitative factors were factored in the ESG ratings / observations, examining whether ESG funds need to have prudential norms, long term plan to prescribe ESG disclosures for all the Mutual Fund schemes etc.The SEBI has constituted a committee for advising on ESG-related matters in the securities market. The terms of reference of the Committee includes enhancements in business responsibility and sustainability report (BRSR), disclosures in the rationale by ESG rating providers on what and how qualitative factors were factored in the ESG ratings / observations, examining whether ESG funds need to have prudential norms, long term plan to prescribe ESG disclosures for all the Mutual Fund schemes etc.taxmann.com Latest Statutory HappeningsRead More

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