Growlity welcomes SEBI’s approval for CRISIL’s ESG Ratings

April 26, 2024

In a significant stride towards fostering sustainable investment practices in India, the Securities and Exchange Board of India (SEBI) has bestowed Category 1 status upon Crisil ESG Ratings & Analytics, marking a pivotal moment in the realm of Environmental, Social, and Governance (ESG) ratings. This milestone underscores a profound shift towards responsible investing, where the integration of ESG factors is increasingly becoming imperative for stakeholders across the financial landscape.

#ESG #Sustainability #SEBI #Crisil

Empowering Responsible Investing Through Rigorous Evaluation

Crisil ESG Ratings, a subsidiary of Crisil, emerges as a beacon of excellence in the ESG ratings domain, leveraging robust methodologies and comprehensive frameworks to assess the sustainability performance of companies. With the regulatory backing from SEBI, Crisil ESG Ratings & Analytics is poised to redefine the contours of responsible investing in India and beyond.

Navigating the ESG Landscape: From Vision to Implementation

The journey of Crisil ESG Ratings exemplifies a steadfast commitment to driving positive change through transparent evaluation mechanisms. By tracking over 1,000 companies across 65 sectors, Crisil ESG Ratings has demonstrated unparalleled expertise in capturing nuanced ESG metrics, enabling investors to make informed decisions aligned with their sustainability objectives.

SEBI Mandates: Fostering Transparency and Accountability

SEBI's mandate for accredited rating agencies, including the disclosure of evaluation methodologies and the retention of minimum ownership interests, underscores a holistic approach towards fostering transparency and accountability within the ESG ecosystem. By striking a balance between transparency and confidentiality, SEBI ensures that stakeholders are equipped with the necessary insights to navigate the complexities of ESG investing.

Global Implications: Setting a Precedent for ESG Rating Providers

The recognition of Crisil ESG Ratings & Analytics as a Category 1 provider reverberates beyond India's borders, signaling a paradigm shift in the global ESG landscape. Foreign agencies seeking to provide ESG rating services in India are now required to obtain SEBI certification, further solidifying India's position as a frontrunner in sustainable finance.

Shaping the Future of Sustainable Finance

As we stand at the cusp of a sustainable revolution, the role of ESG rating agencies assumes paramount importance in steering capital towards environmentally and socially responsible avenues. Crisil ESG Ratings & Analytics, armed with SEBI's endorsement, is poised to catalyze a seismic shift towards a more sustainable and equitable future, where financial returns converge with societal well-being.

Joining Forces for a Sustainable Tomorrow

In closing, the accreditation of Crisil ESG Ratings & Analytics by SEBI marks a watershed moment in the journey towards sustainable finance. By embracing transparency, accountability, and innovation, we pave the way for a future where investments catalyze positive change, driving long-term value creation for society and the planet alike.

Let us embark on this transformative journey together, where each investment decision serves as a catalyst for a more sustainable and prosperous tomorrow.

Please reach out to Growlity, Inc. ’s ESG Domain Experts at [email protected] to explore your ESG Maturity Assessment and craft your Sustainability Plan of Action.?

#GrowthwithSustainability #ESG #Sustainability #SEBI #Crisil #ResponsibleInvesting #SustainableFinance #ESGRatings #Investment #ClimateAction #SocialResponsibility

Dr. Nitin Dumasia | Manali Dumasia | Prabhat Pant | Manish M. | Shwetang Kapadia | Jay Kapadia | Maniar Unais | Vishakha Dhamel | Kush Khalasi | Hetvi Topiwala | Kansara Vidhi | Trivesh Painter | Soham Mishra | Ayushi A. Mangukiya | FERRY KAPADIA | Rahul Karmakar | Jonathan Valladares | Dr.Eng.Siripong Jungthawan, ACPE, CAP, CSCP, EPPM, QBAC