Resurgent India says it received SEBI certificate to operate as ESG rating provider
Resurgent ESG Services Receives SEBI Approval
Resurgent ESG Services Pvt. Ltd (RESPL), a subsidiary of Resurgent India, has been approved by the Securities and Exchange Board of India (SEBI) to provide Environmental, Social, and Governance (ESG) ratings. ESG ratings help companies disclose their practices in these areas, indicating long-term sustainability and ethical business conduct.
Services Offered by RESPL
RESPL offers a variety of services, including establishing ESG governance frameworks, conducting due diligence, providing sustainable finance strategy guidance, creating Corporate Social Responsibility (CSR) plans, and offering specialized training.
Growth and Expansion Plans
RESPL aims to onboard 20 clients in the fiscal year 2024-2025, with plans to increase this number to 48 by 2025-2026 and 72 by 2026-2027. The company also plans to expand its team by hiring five more staff members, bringing the total to seven employees.
Leadership's Vision
Jyoti Prakash Gadia, Managing Director of Resurgent India Ltd, emphasized the importance of ESG, stating that it is a pathway to long-term economic prosperity. He noted that stronger ESG ratings can help companies attract capital, operate efficiently, and contribute to the overall sustainability of the economy.
Global and Local ESG Standards
The global focus on ESG has led to the development of regulations and standards. In India, the Ministry of Corporate Affairs and SEBI have adopted global standards and established guidelines specific to the Indian market, requiring companies to comply with ESG regulations based on their jurisdiction.
Doubts Revealed
ESG
ESG stands for Environmental, Social, and Governance. It is a way to measure how well companies are doing in taking care of the environment, treating people fairly, and running their businesses responsibly.
SEBI
SEBI stands for the Securities and Exchange Board of India. It is an organization that regulates the stock market and protects the interests of investors in India.
Resurgent ESG Services Pvt. Ltd
Resurgent ESG Services Pvt. Ltd is a company that provides ratings on how well other companies are doing in terms of ESG practices. It is a part of a larger company called Resurgent India.
ESG Ratings
ESG Ratings are scores given to companies based on how well they perform in environmental, social, and governance areas. These ratings help investors decide which companies are responsible and sustainable.
Jyoti Prakash Gadia
Jyoti Prakash Gadia is the Managing Director of Resurgent ESG Services Pvt. Ltd. A Managing Director is a person who is in charge of running a company.
Ministry of Corporate Affairs
The Ministry of Corporate Affairs is a part of the Indian government that deals with companies and businesses. It makes rules and guidelines for how companies should operate in India.
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