The Ministry of Corporate Affairs and SEBI have decided to implement the initial ESG audit process gradually, starting with the top 150 companies in FY23-24, followed by the top 250 listed companies in FY24-25, the top 500 companies in FY25-26, and finally the top 1000 companies in FY26-27. In the last few days, top listed companies have reached out to consultants to identify information gaps in their ESG processes and devise workable solutions that will pass the regulators requirements and ensure compliance. Jamil Khatri, Co-founder & CEO, Uniqus Consultech said that SEBI has taken a step in the right direction but companies will encounter significant practical problems while implementing the new regulations due to the limited transition time provided.
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