Navigating Green Bonds & ESG-Linked Debt Facilities under SEBI’s Enhanced Disclosure Regime
Published:
August 26, 2026
5 min read
Detailed briefing on SEBI’s updated Green Debt Securities guidelines, transition bonds, and third-party external verifier mandates for sustainable financing.
Sustainable finance in India is transitioning from voluntary corporate disclosures to mandatory regulatory compliance. SEBI's expanded definitions of Green Debt Securities and Business Responsibility and Sustainability Reporting (BRSR) Core create heightened diligence requirements for debt issuers and underwriters.
### Strategic Compliance Matrix:
• Tracking and ring-fencing of green bond proceeds with escrow accounts.
• Mandatory continuous reporting on avoided greenhouse gas emissions.
• Pre-issuance and post-issuance verification by accredited environmental auditing bodies.
### Strategic Compliance Matrix:
• Tracking and ring-fencing of green bond proceeds with escrow accounts.
• Mandatory continuous reporting on avoided greenhouse gas emissions.
• Pre-issuance and post-issuance verification by accredited environmental auditing bodies.
Rohan Merchant
Partner, Banking & Project Finance • Mumbai
Rohan Merchant specializes in banking, syndicated debt facilities, structured project finance, and debt restructuring. He has advised premie...