May marked several sweeping regulatory developments in the fintech space. While the proactive approach of the RBI in monitoring the NBFCs caused a stir, several other key developments also made the he...
The implementation of environmental, social, and governance (ESG) regulatory frameworks is being increasingly prioritized by regulatory bodies to address concerns about greenwashing and misallocation of capital. A crucial component of the ESG ecosystem is entities providing ratings based on ESG profiles of companies (ERPs). Such ESG ratings enable investors to make informed and socially conscious investment decisions. Recently, the Securities and Exchange Board of India has introduced a regulatory framework governing ERPs, positioning India as one of the few jurisdictions regulating ERPs. In this article, INDUSLAW's Shantanu Jindel, Shivani Singh, and Supriya Shekher provide a comprehensive overview and critical analysis of the amendment.
