CareEdge ESG Ratings
Scale · Numeric (e.g. 0–100) · Access · Regulated (SEBI ERP)
Indian use case
Often paired with CARE's credit rating mandate; popular with mid-cap Indian issuers and PSU borrowers seeking an ESG opinion alongside credit.
Key points
- Composite ESG score plus E, S, G pillar scores.
- Sector-specific materiality maps published with each rating action.
- Subject to SEBI ERP rules on conflict-of-interest and methodology disclosure.
Sources
Related Indian regulation
- SEBI ERP RegsSEBI
First-of-its-kind statutory ERP framework. Introduces Category I (full-scope ESG) and Category II (issue/sector specific) ERP licences, with disclosure, conflict-of-interest and methodology obligations. Master Circular dated 12 Jul 2023 consolidates operational rules. SEBI-licensed ERPs include CRISIL ESG, ICRA ESG, CareEdge ESG and Acuité ESG.
- BRSR CoreSEBI
Business Responsibility and Sustainability Report. The Core subset of 49 KPIs requires reasonable assurance per the SEBI phasing schedule. Industry Standards (Dec 2024) by ASSOCHAM/FICCI/CII clarify computation. Value-chain disclosures for the top 250 are voluntary in FY25-26 and assurance is voluntary in FY26-27 (most recent SEBI clarifications).
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Three example questions — every answer cites the corpus.