Adani Enterp. 2496.45↓-37.60(-1.48%)
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Asian Paints 3144.40↑7.00(0.22%)
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Dr Reddy's Labs 4518.90↓-37.35(-0.82%)
Eicher Motors 3678.35↓-33.10(-0.89%)
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H D F C 2693.35↑2.80(0.10%)
HCL Technologies 1135.85↑9.65(0.86%)
HDFC Bank 1636.75↑1.25(0.08%)
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ITC 449.90↑0.80(0.18%)
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NTPC 176.80↑0.50(0.28%)
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Tata Consumer 790.90↓-3.35(-0.42%)
Tata Motors 518.80↓-2.65(-0.51%)
Tata Steel 107.05↓-1.40(-1.29%)
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Titan Company 2802.50↓-9.75(-0.35%)
UltraTech Cem. 7901.95↑61.40(0.78%)
UPL 689.05↓-0.95(-0.14%)
Wipro 402.50↑2.70(0.68%)

Jobs in small towns, gender diversity to earn India Inc better ESG ratings

Market regulator Sebi proposes new rating parameters better suited to domestic context

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4 min read Last Updated : Feb 21 2023 | 10:58 PM IST

The Securities and Exchange Board of India (Sebi) has proposed to overhaul the framework for ESG ratings by introducing parameters relevant to the Indian context, such as job creation in smaller cities and gender diversity.

In a fresh consultation paper, the market regulator has recommended a unique set of metrics for assigning environmental, social and governance (ESG) scores for listed companies. The parameters will be more aligned to the domestic economy.

“This need is felt since ESG in emerging markets is different as compared to developed jurisdictions. Emerging markets have a different set of environmental & social challenges and it is critical for ERPs (ESG Rating Providers) to consider these while assessing company’s ESG risks/opportunities and impact,” Sebi has said in a paper.