Mumbai: Nearly a dozen companies, including global index provider MSCI and the London Stock Exchange Group, have joined several proxy advisory firms in applying to India’s capital-markets regulator to become ESG rating providers locally as the world’s fastest-expanding major economy stresses its sustainability ambitions. ESG Rating Providers are the latest set of players to join the ESG compliance industry. Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.