SEBI sets up panel to review framework of ESG rating providers

Securities and Exchange Board of India (SEBI) has set up a working group to review the regulatory framework governing ESG Rating Providers (ERPs), following feedback from market participants.

The panel includes representatives from issuers, investors, domestic and global ERPs, ESG analysts, legal experts and academia. It will conduct a comprehensive review of current rules, examine stakeholder suggestions, and recommend measures to improve transparency, reliability and investor confidence in ESG ratings.

The group will also assess global regulatory developments and suggest alignment with international best practices, while factoring in Indian market conditions. A report with policy recommendations will be submitted to SEBI.

Published on February 18, 2026