The Securities and Exchange Board of India (SEBI) has constituted a committee for advising on Environmental, Social and Governance (ESG) related matters in the securities market. The committee will be chaired by Navneet Munot, the Chief Executive Officer (CEO) of HDFC Mutual Fund.
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What is the work of this Committee?
The terms of reference of the committee include Enhancements in business responsibility and sustainability report, ESG ratings, and ESG investing. It will examine evolving disclosures/metrics relevant to the Indian context and suggest areas for assurance and a plan for implementation.
They include MD & CEO of Tata Chemicals, C Siva Kumar, executive director of NTPC, Amit Talgeri, chief risk officer, Axis Bank, Sharad Kalghtagi, ESG head Cipla, Amit Tandon, Institutional Investor Advisory Services, J N Gupta, founder & MD of Stakeholders Empowerment Services, Rama Patel, Director Crisil Ratings and Ramnath.
Important takeaways for all competitive exams:
- SEBI Founded: 12 April 1992;
- SEBI Headquarters: Mumbai;
- SEBI Agency executive: Madhabi Puri Buch (Chairperson).
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