ESG rating providers

Global providers include MSCI, Morningstar Sustainalytics, S&P Global, LSEG, Bloomberg, ISS and Moody's. In India, anyone providing ESG ratings on Indian securities to users in India must register with SEBI. As of October 2026, SEBI's register listed 19 providers: 5 in Category I and 14 in Category II.

They produce ESG ratings, scores and risk ratings used by fund managers, index providers and lenders. Indian providers must disclose their methods, manage conflicts of interest and choose an issuer-pays or subscriber-pays model.

Ratings from different providers often disagree. Use them as a starting point and check the underlying data.