Corporate Governance
Policy and regulations

Can India develop globally acceptable ESG reporting standards? First step: Get the mindset right.

Can India develop globally acceptable ESG reporting standards? First step: Get the mindset right.

Sebi Executive Director Amarjeet Singh speaking at ICAI ESG Conclave; image courtesy of ICAI.

Synopsis

ICAI is working on an India-specific sustainability-disclosure framework that can be acceptable to global investors and other stakeholders as well. However, to achieve this, Indian professionals and businesses need to develop a mindset to be standard setters, instead of being standard followers, says Sebi executive director Amarjeet Singh.

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5 mins read, Last Updated:
The regulator for the audit and assurance profession, Institute of Chartered Accountants of India (ICAI), is working towards making the country a global standard setter on ESG (environment, social, and governance) reporting. Over the next one year, it will develop a framework for integrated financial and non-financial sustainability-reporting standards. This is in response to a long-felt industry need for a comprehensive India-specific

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