CS Lalit Rajput
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Overview Securities and Exchange Board of India (SEBI) has prescribed SEBI (Issue and Listing of Debt Securities) Regulations, 2008 (SEBI ILDS Regulations)to govern public issue of debt securities and listing of debt securities issued through public issue or on private placement basis. Furthe
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FAQ :
Green Debt Securities are debt instruments where the funds raised are utilised for projects or assets falling under categories such as renewable energy, clean transportation, sustainable water management, climate change adaptation, energy efficiency, sustainable waste management, sustainable land use, and biodiversity conservation.
The Offer Document must include a statement on the environmental objectives, details of the issuer's decision-making process for project eligibility, how projects fit into green categories, criteria for project eligibility, environmental sustainability objectives, and the system for tracking the deployment of proceeds.
Issuers must provide half-yearly and annual financial results including the utilisation of proceeds verified by an external auditor, details of unutilised proceeds, a list of allocated/invested projects, and qualitative/quantitative performance indicators of environmental impact.
Yes, an issuer may optionally appoint an independent third-party reviewer or certifier to review processes such as project evaluation, selection criteria, and eligible project categories.
If an issuer or its agent follows any globally accepted standards for issuing Green Debt Securities, including measurement of environmental impact, project identification, and utilisation of proceeds, this must be disclosed in the offer document and/or continuous disclosures.
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