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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

BSE - Reiteration on SEBI circular regarding Timeline for Review of ESG Rating pursuant to occurrence of 'Material Events'

07-Feb-2025 | Notice No. 20250207-13

BSE has reiterated SEBI's circular issued on regarding the Timeline for Review of ESG Rating pursuant to occurrence of 'Material Events', effective from 7th February 2025.

By virtue of this circular, the timeline for review of ESG ratings pursuant to publication of BRSR by the rated entity by ESG Rating Providers (ERPs) has been specified and accordingly, Para 10.1.3 of the Master Circular for ESG rating providers, which specifies that ERPs have to review the ESG ratings upon the occurrence of or announcement/ news of material developments has been modified.
The modified Para 10.1.3 now reads as under-
" ERPs shall carry out a review of the ESG ratings upon the occurrence of or announcement/ news of such material developments immediately, but not later than 10 days of the occurrence of the said event. However, a review of the ESG rating pursuant to the publication of the BRSR by the rated entity shall be carried out immediately, but not later than 45 days of the publication of the BRSR."

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