Tapasvi Sarthak Yogesh

UM4050

The BRSR aligns with the global frameworks for ESG across various countries. The framework, through the disclosures, collates data points that can be applied through multiple data products for arriving at performance ratings for the aspects of ESG. In the new ecosystem of rating for ESG, there is a space created for Credit rating agencies (CRAs) and ESG Rating Providers (ERPs). The paper attempts to identify regulatory norms that can create uniformity but at the same time ensure comparability through a facilitated mechanism by the introduction of third-party agencies for smooth reliable and valuable evaluation of ESG products.