Sebi on 12th July came out with a regulatory framework for listed entities on ESG disclosures on supply chain and assurance.
Keeping in view the relevance to the Indian market context, a few new KPIs have been identified for assurance such as job creation in small towns, openness of business and gross wages paid to women. Further, for better global comparability, intensity ratios based on revenue adjusted for purchasing power parity have been included.
Applicability ESG disclosures for the value chain shall be applicable to the top 250 listed entities (by market capitalization), on a comply-or-explain basis from FY 2024-25.
The limited assurance of the above shall be applicable on a comply-or-explain basis from FY 2025 – 26.
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