The SEBI Consultation Paper on ESG Disclosures, Ratings, and Investing provides a comprehensive overview of the regulatory framework and proposed guidelines for ESG practices in India’s capital markets. Emphasizing the rising significance of ESG factors in investment decisions, the paper calls for standardized disclosures and ratings to enable informed choices. Moreover, the paper addresses challenges related to ESG ratings and suggests measures for ensuring accuracy and consistency in the assessment process. Additionally, it explores various aspects of ESG investing, including integration into investment strategies, development of ESG-themed funds, and the potential impact on market participants.