Sebi's ESG disclosure review to ease burden on small firms

Sebi delayed supply chain reporting norms after the industry flagged feasibility and complexity of gathering data

- Reuters

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.

The review, which follows concerns raised by the Indian industry on reporting requirements on environment, labour and other issues that it believes are onerous, may focus on easing disclosures for small 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 globally. The European Commission in February proposed to exempt thousands of smaller European businesses from EU sustainability reporting rules. US President Donald Trump has also pushed back against ESG requirements.