Consultation Paper on Proposals for Ease of Doing Business by ESG Rating Providers

SEBI has issued Consultation Paper on Proposals for Ease of Doing Business by ESG Rating Providers (ERPs). The matters consulted in this paper are as under:

1. Requirement of sharing draft ESG rating report with the issuer in case of ERPs following a subscriber-pays model.
2. Dealing with appeal and representation by the rated issuer in case of ERPs following a subscriber-pays model.
3. Dispensing with the requirement to disclose the ESG ratings to the stock exchange(s) where the issuer or the security is listed, in case of ERPs following a subscriber-pays model
4. Specifying Activity Based Regulation for ERPs.

The comments/ suggestions should be submitted latest by November 15, 2024, through the online web-based form.