SEBI looking at disclosure norms for ESG mutual fund schemes

Markets regulator Sebi is in the process of putting in place disclosure for mutual fund schemes with the ESG (environment sustainability and governance) theme, its chief Ajay Tyagi said.

Also, the regulator is examining the disclosure of ESG related aspects in the rating press release by credit rating agencies, he added.

Speaking at the inauguration of an ESG Centre for Research and Innovation at IIM Ahmedabad, Tyagi stressed on the need of in depth research on ESG norms with focus towards developing high quality, objective, content-specific rating matrices.

“Research in ESG can go a long way towards converting intangible and amorphous variables of business to measurable and quantifiable returns,” he said.