India's New Frontier in Sustainable Finance

SEBI proposes expanding sustainable finance in India with new ESG Debt Securities and Sustainable Securitised Debt Instruments. The plan aims to align with global standards while adapting to local needs. The paper outlines a framework for the issuance of Social Bonds, Sustainable Bonds, and Sustainability-linked Bonds, which, alongside Green Debt Securities, will be referred to as ESG Debt Securities. Additionally, the document proposes the introduction of Sustainable Securitized Debt Instruments, which would pool assets related to sustainable finance to provide investors with opportunities to participate in these initiatives.