• However it is dependent on size of company. Click here for latest guidelines.

• Since 2014, NSE has engaged with listed companies to ensure compliance with business responsibility reporting. Corporate Governance: An Emerging Scenario.
• NSE in association with Stakeholders Empowerment Services (SES) have carried out a study to assess and compare the disclosure practices reported in Business Responsibility Report (BRR) by Top 100 listed companies. The study has analysed BRR as well as Sustainability Reports of the sample companies by capturing data which is either straight forward quantitative or which can be quantified from BRR as well as Sustainability Reports of the sample companies. Report can be found here.
• NSE in July 2020 published an analysis of ESG practices across 50 companies listed on National Stock Exchange of India Limited, spread across 12 different sectors.  This assessment of ESG practices gives a broader picture of India’s ESG footprint. The study is intended to act as a catalyst and inspire companies to follow better ESG practices. Additionally, it will provide investors with a tool to benchmark companies. Report on ESG practices of companies listed on National Stock Exchange of India Limited
• NSE undertakes a lot of capacity building initiatives in the area of corporate governance. Various reports and links to the roundtable discussions have been hosted on the NSE webpage.
• Business Responsibly and Sustainability Reporting (BRSR) sector specific guidance:
  • NSE in association with Stakeholders Empowerment Services (SES) has published a comprehensive guide that explains BRSR parameters along with guidance on how to measure and disclose for every Essential as well as Leadership Indicator.  The Guide has been specifically tailored for 38 Sub Sectors – as per SASB Standards to cover sector specific sustainability disclosure guidance. Every BRSR Indicator has been mapped to 5 Global frameworks viz. GRI, SDG, TCFD, CDP & SASB. The report can be found here.

• NSE offers a Training Workshop on Business Responsibility Reporting (BRR) which is provided by the Centre for Institutional Partnerships and Corporate Communications. This workshop is focused on encouraging companies to adopt the comprehensive principles relating to social, environmental and economic responsibility of business as part of their business practices, and understand the importance of Business Responsibility Reporting for the various initiatives taken by them.
• This includes several initiatives, such as the capacity development efforts in collaboration with NSE Academy Limited; the roll out of an E-Tool for Business Responsibility Reporting; updating of the National Voluntary Guidelines and organizing the annual India Business Responsibility Conclave, are some of the key initiatives which being planned by the Centre. See more here.
• NSE also offers a Women Director Training Program- The program was designed to provide (a) an overview of the knowledge and competencies that are expected from the present day director (b) understanding the way the board operates and the responsibility to be discharged and the various skill and attitude required in discharging the responsibility.

• Nifty100 ESG Index.
• Nifty100 Enhanced ESG Index.
• S&P ESG India Index.

NSE has also various initiatives to promote this product, including:

• Creating awareness on green bond issuance by circulating SEBI guidelines on green bonds to the existing unlisted as well as upcoming issuers; informing issuers about the SEBI guidelines for classifying their bonds as green bonds; and meeting with arrangers and merchant bankers to discuss upcoming green bond issuance and how the exchange can be of support to them.
• Advocacy with domestic financial institutions for inducting them as investors in domestic green bond issuance.
• Relaying feedback on green bond guidelines to SEBI.
• Leading seminars and round table discussions on deepening markets for green bonds. For example, a round table event on “Green Bond as a new source of funding” was organized on April 28, 2016 at NSE premises in collaboration with Climate Bonds Initiative, FICCI, GII, UNEP Inquiry and USAID.

• NSE India Emerge, since 2012.

• Further, Indian Capital Market Regulator  – Securities and Exchange Board of India, has mandated top 1000 listed entities to have at least one independent woman director on their Boards. This has been introduced in phased manner where by April 01, 2019 top 500 companies required to comply with this requirement and by April 01, 2020 it was extended to top 1000 listed entities (by market capitalization as at the end of the immediate previous financial year). Given the regulatory push high compliance has been observed in this area. From the submissions made by companies listed on NSE mainboard, for quarter ended December 2021 we observe that 98% of them have women representation on their Board. More information on: Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 [Last amended on April 25, 2022]

• NSE India has put immense focus on issues around Inclusion – Gender Equality & Women on Boards. NSE India has 34% women employees on its role. They celebrate International Women’s Day every year to encourage women inclusion and appreciation in Financial Services.
• NSE has been publishing Integrated report since past 3 years. Its report is also aligned to the recommendations made in the publication titled “How exchanges can embed sustainability within their operations” published by the United Nations Sustainable Stock Exchanges (SSE) initiative in collaboration with World Federation of Exchanges (WFE). The Global Reporting Initiative (GRI) standards and Sustainability Accounting Standards Board (SASB) standards have been referenced for devising Key Performance Indicators (KPIs) for material topics. Additionally, contributions to the United Nations Sustainable Development Goals (SDGs) have been mapped throughout its report.

• Demutualized for profit.

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.

• Securities and Exchange Board of India (SEBI).
• Reserve Bank of India (RBI)

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.

• Limited Exchange Self-Regulatory Organization (SRO) Model

Location: Mumbai, India

• Incorporated in 1992, NSE was recognised as a stock exchange by Securities and Exchange Board of India (SEBI) in April 1993, commenced operations in 1994 and has been consistently ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares since 1995 (based on SEBI data). It is the largest derivatives exchange globally in terms of the number of contracts traded.
• NSE is head-quartered in Exchange Plaza, Mumbai, India, with client-facing regional offices in Mumbai, Kolkata, Delhi, Chennai and Ahmedabad. NSE has 25 locations  in India where business is undertaken by the company, including offices in Indore, Kanpur, Pune, Jaipur, Cochin, Hyderabad, Bangalore, Patna, Lucknow, Vadodara, Raipur, Jammu, Shimla, Panjim, Ranchi, Guwahati, Chandigarh, Bhubaneshwar and Dehradun.