ESG: Regulations Summary

According to the Securities and Exchange Board of India (Sebi), issuers of transition bonds would be required to make additional disclosures to guarantee that monies collected are for legitimate purposes. To distinguish themselves from other types of green debt security, debt instruments must include GB-T in the term sheet's type of instrument field, and issuers must provide interim targets and indicators of how much they plan to cut their emissions. Sebi further stated that the transition plan's implementation should be reviewed by an appropriate committee.