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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While a global backlash has triggered a rethink of environmental, social and governance regulations, India’s answer is a mandatory disclosure regime.
Editor's note: The Securities and Exchange Board of India is ready to put the cart before the horse when it comes to environmental, social and governance regulation. In 2021, the market regulator asked the top 1,000 listed companies by market capitalization to file a Business Responsibility and Sustainability Report on a voluntary basis. Under this, firms were required to make disclosures on about 800 parameters related to environmental, social and governance, or ESG, factors. This included data on companies’ waste disposal practices, energy consumption, water usage, greenhouse gas emissions, workforce diversity and more. Reporting of such data was made mandatory for the financial year 2022-23. In March this year, SEBI revamped the framework. The regulator identified 49 key indicators that will have to be disclosed and independently audited. In addition to the mandatory BRSR reporting, companies will now have to undergo a third-party audit on these parameters, which SEBI calls BRSR Core. This will be applicable to the top 150 companies for 2023-24, and expanded to 250 by 2025-26 and 1,000 by 2026-27. SEBI says the change was made after the industry …
While a global backlash has triggered a rethink of environmental, social and governance regulations, India’s answer is a mandatory disclosure regime.
Editor's note: The Securities and Exchange Board of India is ready to put the cart before the horse when it comes to environmental, social and governance regulation. In 2021, the market regulator asked the top 1,000 listed companies by market capitalization to file a Business Responsibility and Sustainability Report on a voluntary basis. Under this, firms were required to make disclosures on about 800 parameters related to environmental, social and governance, or ESG, factors. This included data on companies’ waste disposal practices, energy consumption, water usage, greenhouse gas emissions, workforce diversity and more. Reporting of such data was made mandatory for the financial year 2022-23. In March this year, SEBI revamped the framework. The regulator identified 49 key indicators that will have to be disclosed and independently audited. In addition to the mandatory BRSR reporting, companies will now have to undergo a third-party audit on these parameters, which SEBI calls BRSR Core. This will be applicable to the top 150 companies for 2023-24, and expanded to 250 by 2025-26 and 1,000 by 2026-27. SEBI says the change was made after the industry …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
