SEBI Amends Credit Rating Agencies Regulations | Mandates ESG Ratings on Public Information Under Subscriber-Pays Model

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  • Last Updated on 24 April, 2025

SEBI ESG Rating Regulations

Notification No. SEBI/LAD-NRO/GN/2025/242; Dated: 22.04.2025

SEBI has notified the SEBI (Credit Rating) (Second Amendment) Regulations, 2025. A new regulation, 28KA, has been inserted. It states that an ESG rating provider following a subscriber-pays business model must ensure that the ESG rating assigned is based only on publicly available information. The fee paid by the subscriber is the lowest fee payable amongst subscribers if the rated entity is a subscriber or group company or associate of an entity is a subscriber to the ESG rating of such entity.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied