The Securities and Exchange Board of India (SEBI) has approved CRISIL ESG Ratings & Analytics as a Category 1 provider of environmental, social, and governance (ESG) ratings.

Banking & Finance

The Securities and Exchange Board of India (SEBI) has approved CRISIL ESG Ratings & Analytics as a Category 1 provider of environmental, social, and governance (ESG) ratings. CRISIL ESG Ratings, a unit of Crisil, was incorporated after Sebi amended the SEBI (Credit Rating Agencies) Regulations, 1999, to include provisions on ESG Rating Providers (ERPs) 2023. The rating provider launched its ESG scoring business in 2021 and now tracks over 1,000 companies across 65 sectors. This business will now be transferred to the subsidiary Crisil ESG Ratings. The approval comes at an opportune time when ESG disclosures have been improving and there is increasing realisation in the financial markets on the need for independent ESG ratings that will support decision-making for issuers and investors, and channel funds towards sustainable growth of the Indian economy.


      Besides, the principal shareholder of an ESG rating agency is mandated to retain a minimum ownership interest of 26% in said agency for at least five years subsequent to receiving regulatory approval.

     

     

 

     


CRISIL Ratings Ltd

MD- Gurpreet Chhatwal
HQ- Mumbai
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