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Indian Regulator SEBI Mulls Mandatory Audit for ESG Disclosures

Nov. 24, 2022, 6:12 AM

The Securities and Exchange Board of India is considering to make audit compulsory for certain disclosures under new ESG reporting framework for Indian companies to prevent green washing, Executive Director Amarjeet Singh said at a conference in Mumbai.

  • Note: SEBI rules require India’s top 1,000 companies to make ESG related disclosures under the new framework ‘Business Responsibility and Sustainability Reporting’ starting FY23
    • 180 companies have already started making disclosures under the BRSR framework, Singh said
  • The regulator is also working on a new framework for ESG ratings for more transparency in methodology
  • NOTE: India’s Capital Markets Regulator Proposes Tighter ESG ...