India to review ESG rules for listed firms, says Sebi

India's market regulator is rethinking sustainability or ESG disclosures required of listed firms including its already delayed plans for companies to include supply chains in their reporting, its new chief Tuhin Kanta Pandey told Reuters.

- Reuters

MUMBAI:

The review, which follows concerns raised by Indian industry on reporting requirements on environment, labour and other issues that it believes are onerous, could focus on easing disclosures for smaller firms, a source familiar with the regulator's thinking said. The person declined to be identified as discussions are private.

Sebi's review follows similar moves on ESG in other parts of the world. The European Commission in February proposed rules to exempt thousands of smaller European businesses from EU sustainability reporting rules, while US President Donald Trump has pushed back against ESG requirements.