Regulatory Alerts2025-01-17
Timeline for Review of ESG Rating pursuant to occurrence of ‘Material Events’
The Securities and Exchange Board of India (SEBI) has modified the timeline for ESG Rating Providers (ERPs) to review ratings following material events. While the general requirement to complete reviews within 10 days remains, ERPs are now granted a 45-day window specifically for reviews triggered by the publication of Business Responsibility and Sustainability Reporting (BRSR). This relaxation aims to address operational challenges faced by providers while maintaining timely updates on ESG profiles.
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