- The report analyses how companies are adapting to the Business Responsibility and Sustainability Reporting (BRSR) disclosures mandated by the Securities and Exchange Board of India (SEBI).
- The BRSR framework is a mandatory disclosure mechanism (from FY 2022–23) for the top 1000 listed companies or businesses to report their performance on environmental, social and governance (ESG) aspects.
- SEBI’s guidance document provides details on three kinds of disclosures—general, management and process, and “principle wise” (principle-based).
- BRSR is aimed at improving compliance, consistency and communication around non-financial disclosures.
- SEBI also introduced BRSR Core in 2023 to enhance the reliability of ESG disclosures.
- BRSR Core represents a subset of the comprehensive BRSR and includes a specific set of key performance indicators (KPIs) / metrics across ESG attributes.
- Significance:
- Transparency: BRSR enables investors, stakeholders, and the public to assess a company’s sustainability efforts related to ESG aspects.
- Strong brand positioning: Embracing sustainability as a key pillar of operating practices increases the brand value of a company
- Increase value creation: Companies integrating sustainability outperform peers, ensuring a competitive edge, and higher enterprise value compared to those resistant to change.
Key findings
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