Sebi board to approve new ESG framework

Sebi will finalise a new framework around environmental, social, and governance (ESG) ratings and disclosures at its upcoming board meeting on March 29, said people in the know.

The Sebi board is also likely to finalise the annual budget for the next financial year (2023-24). The board meeting is coming at a time when the Supreme Court (SC) has directed the markets regulator to complete its investigation into the Adani-Hindenburg saga within two months and submit the status report.

Sources said the regulator’s board could also deliberate on the issue and SC’s directions. Sebi has already undertaken an investigation into the allegations made in the Hindenburg Research report and is investigating stock price manipulation and short-selling activity.