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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 …
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
As India’s largest stock exchange heads to the public markets, it may need to rethink its excessive reliance on transaction revenue.
