The new ESG (environment, social, and governance) disclosure regulations issued by India’s market regulator, the Securities and Exchange Board of India (Sebi), are seen as stringent but in the right direction by India’s top sustainability executives. These rules have become mandatory for top-listed companies, and while some large corporations like ITC, which adopted sustainability standards voluntarily in the past, find it relatively easier to comply, others may need more time to adapt. The regulations are expected to bring uniformity in ESG disclosures and enhance transparency, allowing for better comparisons between companies. Many companies are emphasizing the need for science-based targets in ESG reporting to demonstrate transparency and meet international investor expectations.
By FCCT Editorial Team