Credit rating agency ICRA has applied for an ESG Rating Provider (ERP) license under its wholly-owned subsidiary, ICRA ESG Ratings Ltd.

The new entity—ICRA ESG Ratings Ltd will commence operations after receiving the requisite license from SEBI.

Commenting on the development, Mr. Ramnath Krishnan, MD & Group CEO, ICRA, said, “ICRA ESG Ratings Ltd marks our commitment to responsible and sustainable investing. ICRA is poised to bring its expertise to this pivotal segment. I would like to highlight ICRA’s commitment to expanding its offerings and strengthening its presence in the realm of ESG ratings.”