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ESG Rater Says Green Push Compliance Tough For Indian Companies

  • Acuite CEO says incentives needed for quicker adoption
  • SEBI has recently released consulation paper on ESG ratings
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Indian companies will find it difficult to implement environmental, social and governance ratings proposed recently by the capital market regulator and authorities may need to offer incentives to accelerate adoption, a senior rating agency official said.

“It is easy for Scandinavian or Norwegian companies to say they will not use coal given their demographics, but it’s difficult to practice such a position in India, if not impossible,” Sankar Chakraborti, group CEO at Acuite Ratings and Research and chairman at ESG rating provider ESGRisk.ai said in an interview.