India’s New ESG Rules to Address Corporate Green Washing
- Norms may eventually apply to unlisted companies, KPMG says
- Regulator also plans to collect historical data on emissions
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India’s new environmental rules will help eliminate green washing by requiring companies to submit detailed emissions data starting next fiscal year, according to KPMG India’s ESG head.
Under the rules, corporates will have to provide data on more than 120 metrics, including from the past two years. The new norms are expected to improve transparency with investors and the government, said Shivananda Shetty, partner and lead at KPMG India’s ESG and Climate Change practice.