ICRA ESG Ratings
Scale · Numeric (e.g. 0–100) · Access · Regulated (SEBI ERP)
Indian use case
Used by Indian banks and bond investors to overlay an ESG view on credit. Methodology aligned with global Moody's ESG approach but recalibrated to Indian disclosure realities.
Key points
- Combined ESG score plus standalone E, S and G sub-scores.
- Sector framework with criticality weights; reviewed periodically.
- Operates under SEBI ERP Regulations 2023 disclosure obligations.
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).
Ask the AI about ICRA ESG
Three example questions — every answer cites the corpus.