The Securities and Exchange Board of India has constituted a Working Group to review the regulatory framework governing ESG Rating Providers (ERPs), following feedback from market participants and other stakeholders on the existing regime. The group includes representatives from issuers, investors and other ESG rating users, domestic and global ERPs, ESG analysts, legal experts and academia. Its mandate covers a comprehensive review of the current framework, consideration of representations received, recommendations to improve transparency, reliability and investor confidence in ESG ratings, and an assessment of international regulatory developments for potential alignment with global best practices in the Indian market context. The Working Group will submit a report to SEBI with findings and recommendations on any required policy and regulatory changes to the ERP framework.
Securities & Exchange Board of India 2026-02-18
Securities and Exchange Board of India sets up working group to review regulation of ESG rating providers
The Securities and Exchange Board of India has formed a Working Group to review the regulatory framework for ESG Rating Providers (ERPs) following stakeholder feedback. The group, including industry representatives, will assess the current framework, suggest improvements for transparency and reliability, and consider international regulatory developments for alignment with global best practices. A report with findings and recommendations will be submitted to SEBI.