Mumbai, Feb. 18 -- The Securities and Exchange Board of India (SEBI) has constituted a Working Group to review the regulatory framework for ESG Rating Providers (ERPs).

The regulator said the decision has been taken based on feedback received from market participants and stakeholders regarding the existing regulatory framework.

SEBI said in a press release on Wednesday that the Working Group comprises representatives from issuers, Investors/ESG rating users, Domestic ERPs, Global ERPs, ESG analysts, legal experts and academia.

The terms of reference of the Working Group include undertaking a comprehensive review of the existing regulatory framework governing ERPs and examining representations and suggestions received from the market pa...