SEBI vide its Consultation Paper on expanding the scope of sustainable finance framework in the Indian securities market dated August 2024 uploaded on its website, invited public comments/suggestions on the proposal.
We welcome SEBI’s initiative to seek comments and suggestions on this critical area. SEBI’s consultation paper has posed some new initiatives of providing a framework for Social Bonds, Sustainable Bonds and Sustainability Linked Bonds, Further, it has also proposed to introduce the concept of Sustainable Securitised Debt Instruments. Our comments and suggestions focus on encouraging the stipulation of a transparency enhancing disclosure framework for such ESG Debt Security issuers alongwith phasewise introduction of sustainable securitised debt instruments.
Our comments and suggestions are towards encouraging rigorous end use monitoring, issuer accountability and transparency in the Indian sustainable finance market.