Sebi gives approval to CRISIL subsidiary to provide ESG ratings

The Securities and Exchange Board of India (Sebi) has given approval to CRISIL ESG Ratings & Analytics Limited to provide environmental, social and governance (ESG) ratings.

CRISIL ESG Ratings & Analytics Limited, which is a wholly owned subsidiary of CRISIL Ratings Limited has been approved as a Category 1 provider of ESG ratings, the rating firm said on Thursday.

“The approval comes at an opportune time when ESG disclosures have been improving and there is increasing realisation in the financial markets on the need for independent ESG ratings that will support decision-making for issuers and investors, and channel funds towards sustainable growth of the Indian economy,” said Amish Mehta, MD, CEO, CRISIL.


In 2021, CRISIL had launched an ESG scoring business, with its coverage expanding to around 1000 companies from 225 across 65 sectors, the rating agency said. That business will now be transferred to CRISIL ESG Ratings.