The increasing importance of ESG-related issues and their potential impact on the long-term performance of companies has led to growing interest from stakeholders, including investors and financial regulators. ESG Rating Providers (ERPs) play an important role in making investment decisions, but their activities are not currently subject to regulatory or supervisory oversight, raising concerns about potential risks to investor protection, market efficiency, risk pricing, capital allocation, and greenwashing. Regulators in various jurisdictions, including SEBI in India, have proposed regulations and accreditation for ERPs to address these concerns. Other international bodies such as IOSCO are also taking measures to increase scrutiny over providers of ESG ratings.