Evolving outlook for India's sustainable and responsible investing landscape
In 2018, the Draft National Guidelines on the Economic, Social and Environmental Responsibilities of Business (referred to as NGs) were released for public comments. The Draft National Guidelines contains an updated framework for business responsibility disclosure for disclosure on Environmental, Social and Governance (ESG) parameters (being referred in this document as BRR 2.0). While Securities and Exchange Board of India (SEBI) is empowered to revise the Business Responsibility Report, BRR 2.0 will present a standardized framework with indicators that can be used by investors and asset managers for assessing ESG performance of the companies on adoption.
The intent of this white paper is to identify key ESG performance indicators that can be derived from BRR 2.0 and leveraged for ESG assessment of Indian businesses by investors, asset management companies and ESG information providers. The white paper also identifies areas of enhancement for BRR 2.0 for the regulator (SEBI)
To read the report, click here.