{"id":88343,"date":"2023-02-06T15:45:00","date_gmt":"2023-02-06T10:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=88343"},"modified":"2023-02-06T15:43:39","modified_gmt":"2023-02-06T10:13:39","slug":"biz-sebi-greenwashing","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sebi-greenwashing\/","title":{"rendered":"Sebi lists dos and don&#8217;ts relating to green debt securities to avoid occurrences of &#8216;greenwashing&#8217;"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1090631849\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Capital markets regulator Sebi has listed the basic dos and don&#8217;ts relating to green debt securities to address &#8216;greenwashing&#8217; related risks.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-223724850\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The generally accepted definition of &#8216;greenwashing&#8217; is, &#8216;making false, misleading, unsubstantiated, or otherwise incomplete claims about sustainability of a product, service, or business operation&#8217;.<\/p><p>To address the concerns of market participants regarding greenwashing, Sebi said that an issuer of green debt securities will have to ensure that it will not use misleading labels, hide trade-offs or cherry pick data from research to highlight green practices and will maintain highest standards associated with issue of green debt security while adhering to the rating assigned to it.<\/p><p>While raising funds for transition towards a greener pathway, the issuer of green bonds will continuously monitor to check whether the path undertaken towards more sustainable form of operations is resulting in reduction of the adverse environmental impact and contributing towards sustainable economy, as envisaged in the offer document to avoid greenwashing risks, the regulator said in a circular.<\/p><div class=\"trade-content_5\" id=\"trade-1909666839\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The issuer will not utilize funds raised through green bonds for purposes that would not fall under the definition of &#8216;green debt security\u2019 under the rules.<\/p><p>In case any such instances come to light regarding the already issued green debt securities, the issuer will disclose the same to the investors and, if required, by majority of debenture holders, undertake early redemption of such debt securities.<\/p><p>The green bond issuer will quantify the negative externalities associated with utilization of the funds raised through green debt security and will not make untrue claims giving false impression of certification by a third-party entity.<\/p><p>The new framework will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular on Friday.<\/p><p>This came after the regulator strengthened the framework for green bonds by introducing the concept of &#8216;blue&#8217; and &#8216;yellow&#8217; bonds as new modes of sustainable finance in relation to pollution prevention as well as control and eco-efficient products.<\/p><p>Blue bonds relate to water management and the marine sector, while yellow bonds pertain to solar energy. These are sub-categories of green debt securities.<\/p><div class=\"trade-content-10\" id=\"trade-1244617636\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Indian companies raised nearly USD 7 billion through ESG (Environmental, Social and Governance) and green bonds in 2021 compared to USD 1.4 billion in 2020 and USD 4 billion in 2019.<\/p><p>Most of the green bonds issued by Indian issuers are listed on offshore exchanges as issuers are finding it more attractive to list on bourses falling outside Sebi&#8217;s framework.<\/p><p>As per Sebi, one of the main hurdles for further growth has been a consistent and robust approach to identifying what is considered &#8216;green&#8217;. A lack of clarity in this regard leads to &#8216;greenwashing&#8217;.<\/p><p>These measures have been taken in the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to align the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO.<\/p><p>The regulatory framework defines Green Debt Securities as debt securities issued for raising funds that are to be utilised for projects or assets falling under certain categories. PTI SP DRR<\/p><div class=\"trade-after-content\" id=\"trade-2271881650\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Capital markets regulator Sebi has listed the basic dos and don&#8217;ts relating to green debt securities to address &#8216;greenwashing&#8217; related risks. The generally accepted definition of &#8216;greenwashing&#8217; is, &#8216;making false, misleading, unsubstantiated, or otherwise incomplete claims about sustainability of a product, service, or business operation&#8217;. To address the concerns of market participants regarding greenwashing, Sebi [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-88343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sebi lists dos and don&#039;ts relating to green debt securities to avoid occurrences of &#039;greenwashing&#039; - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Capital markets regulator Sebi has listed the basic dos and don&#039;ts relating to green debt securities to address &#039;greenwashing&#039; related risks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/?p=88343\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi lists dos and don&#039;ts relating to green debt securities to avoid occurrences of &#039;greenwashing&#039;\" \/>\n<meta property=\"og:description\" content=\"Capital markets regulator Sebi has listed the basic dos and don&#039;ts relating to green debt securities to address &#039;greenwashing&#039; related risks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/?p=88343\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-06T10:15:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/SEBI-2-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/SEBI-2-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/?p=88343\",\"url\":\"https:\/\/tradebrains.in\/features\/?p=88343\",\"name\":\"Sebi lists dos and don'ts relating to green debt securities to avoid occurrences of 'greenwashing' - 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