SEBI Eases ESG Compliance: New Green Credit Indicator, Flexible Verification, and Revised Value Chain Reporting Timelines

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....SEBI has modified ESG disclosure requirements to facilitate ease of doing business. The circular introduces an eighth leadership indicator in BRSR for voluntary disclosure of green credits generated by listed entities and their top ten value chain partners, applicable from FY 2024-25. It provides flexibility by allowing either "assessment" or "assurance" for BRSR Core verification, making the process profession-agnostic. ESG disclosures for value chain partners have been deferred by one year, with voluntary reporting for top 250 listed entities from FY 2025-26 and voluntary assessment/assurance from FY 2026-27. The threshold for value chain partners has been revised to those comprising 2% or more of purchases/sales, with disclosure limited to covering 75% of total value.....