Regulatory Alerts2025-06-05
Framework for Environment, Social and Governance (ESG) Debt Securities (other than green debt securities)
The Securities and Exchange Board of India (SEBI) has issued a circular establishing the operational framework for issuing and listing social bonds, sustainability bonds, and sustainability-linked bonds. The regulation defines these ESG debt securities, mandates alignment with recognized international standards, and imposes strict initial and continuous disclosure requirements on issuers. It further requires the appointment of independent third-party reviewers to verify compliance and mitigate the risk of purpose-washing.
Share