SEBI recently released a consultation paper on introducing disclosure norms for ESG Mutual Fund schemes as Asset Management Companies (AMCs) in India have also been launching equity schemes in the ESG space under thematic category following global trends. Aside from the name of the scheme that makes its ESG focus clear to its investors, SEBI has proposed that all ESG schemes must define its objective and policy in clear terms as to what it aims to achieve by following an ESG – focused strategy and how it would materially make a difference. SEBI has also proposed that ESG focused MFs must invest in only those companies that are covered under the mandatory Business Responsibility and Sustainability Report (BRSR).

Comments are invited from the public latest by 16th November, 2021 in the prescribed format.