|Name||National Stock Exchange of India (NSE)|
|Number of listed companies||2013|
|Domestic market capitalization||3279016.24 million US$|
|SSE Partner Exchange||Yes|
|Has annual sustainability report||Yes
The sustainability report is integrated into the annual report since 2011. The annual reports can be found here.
|ESG reporting required as a listing rule||Yes
See the CIRCULAR CIR/CFD/CMD/10/2015 issued on November 04, 2015 on the Format for Business Responsibility Report (BRR) by the Securities and Exchange Board in India (SEBI).
In 2021, SEBI updated the listing rules by introducing new reporting requirements on ESG parameters called the Business Responsibility and Sustainability Report (BRSR). Source
|Has written guidance on ESG reporting||Yes
|Offers ESG related training||Yes
In 2021, NSE provided a series of webinars on ESG topics: “ESG: An antidote to adversity“
|Market covered by sustainability-related index||Yes
|Has sustainability bond listing segment||Yes
|Has SME listing platform||Yes
||Women on boards mandatory minimum rule||Yes
|Organizational model of stock exchange||
Indian Capital Markets are regulated and monitored by the Ministry of Finance, the Securities and Exchange Board of India and the Reserve Bank of India.
The Securities and Exchange Board of India (SEBI) is the regulatory authority established under the SEBI Act 1992 and is the principal regulator for Stock Exchanges in India. SEBI’s primary functions include protecting investor interests, promoting and regulating the Indian securities markets. All financial intermediaries permitted by their respective regulators to participate in the Indian securities markets are governed by SEBI regulations, whether domestic or foreign. Foreign Portfolio Investors are required to register with DDPs in order to participate in the Indian securities markets. More information on: www.sebi.gov.in The Reserve Bank of India (RBI) is governed by the Reserve Bank of India Act, 1934. The RBI is responsible for implementing monetary and credit policies, issuing currency notes, being banker to the government, regulator of the banking system, manager of foreign exchange, and regulator of payment & settlement systems while continuously working towards the development of Indian financial markets. The RBI regulates financial markets and systems through different legislations. It regulates the foreign exchange markets through the Foreign Exchange Management Act, 1999. More information on: www.rbi.gov.in NSE is governed by SECC Regulations issued by SEBI, SEBI Act, various regulations/ circulars/ guidelines etc. issued there under, RBI directives on forex trading, interest rate futures trading, debt securities trading, Prevention of Money Laundering Act and several other statutes that govern any employer/ corporate body in the country. NSE is a front line regulator with a focus on disciplined market development, market integrity and investor protection.
|About the stock exchange||
Location: Mumbai, India
The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.
The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.
While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.
|Country||Country of primary residence or registration|
|Has signed the SSE Commitment Letter?||To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.|
|Has annual sustainability report?||For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.|
|ESG reporting required as a listing rule?||For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.|
|Offers written guidance on ESG reporting?||For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.|
|Offers ESG related training?||For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.|
|Market covered by sustainability-related index?||Sustainability-related indices may include environmental or social indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).|
|Has sustainability bond listing segment?||For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.|
|Has an SME listing platform?||For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.|
|Additional Information||Additional Information captures exchanges’: sustainability section of websites, sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange|
|Organizational model of stock exchange||Whether the exchange is listed or not, and when it was demutualized|
|Regulatory bodies||The regulatory authority that sets listing requirements and capital market regulation for the exchange's market|
The extent to which exchanges have regulatory authority in their market. This may include:
|About the stock exchange||The location of the headquarters of the exchange, and any additional details about the stock exchange.|