SEBI vide its circular dated June 5, 2025 has expanded the ESG financing framework to include social bonds, sustainability bonds, and sustainability-linked bonds, in addition to green bonds, under the term \"Environment, Social and Governance (“ESG”) Debt Securities\". This framework is introduced under the Regulation 2(1)(oa) and Regulation 12A of the SEBI (NCS) Regulations, 2021. It is aimed at creating a uniform framework for ESG Debt Securities.