India's Sebi plans to expand its ESG debt framework, incorporating more products and requiring independent external reviews.
India's Securities and Exchange Board of India (Sebi) plans to expand its ESG debt framework, incorporating more products such as social bonds, sustainable and sustainability-linked bonds. Proposed changes include adding eligible asset-backed securities and requiring independent external reviews for all ESG debt. This move aims to boost the ESG-labeled instruments market in Asia and support Prime Minister Narendra Modi's focus on green growth, while countering the slowdown in Chinese issuances. India's ESG debt issuance has already surpassed the previous annual record, reaching $15.6bn.
August 19, 2024
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