ESG rating provider (ERP)
ESG & GovernanceA firm that issues ESG ratings or scores; in India, one registered with SEBI under the Credit Rating Agencies Regulations, 1999.
SEBI has required registration since July 2023 for anyone providing ESG ratings or scores on Indian assets to users in India. Providers are Category I or Category II, depending on net worth, ownership and functions. As of October 2026, SEBI's register listed 19 ERPs, 5 in Category I and 14 in Category II. ERPs must disclose their methods, manage conflicts of interest and choose either an issuer-pays or a subscriber-pays model.
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