India Tightens ESG Reporting, Audit Rules for Top Companies (1)

India’s top companies will have to step up ESG reporting and show credibility of such disclosures as a slew of regulations take effect.

The biggest 1,000 firms by market value have to start publishing a Business Responsibility and Sustainability Report from the year ended March 2023. The Securities and Exchange Board of India will also require a ‘reasonable’ audit for a select set of indicators — known as core BRSR — for 150 of the largest on the list effective in the current financial year, according to a circular Wednesday.

The move makes Sebi the first among global regulators ...