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BRSR Reporting in India
BRSR Reporting is an Environmental, Social & Governance (ESG) framework, benchmarked to global standards like GRI, TCFD, etc.
- SEBI mandates India's Top 1000 listed companies to submit their BRSR reports from FY 2022-23.
- BRSR format contains nine principles that cover a company’s ESG performance.
- Disclosures in the BRSR report are divided into Essential Indicators (mandatory to report) and Leadership Indicators (optional to report).
- SEBI proposed that asset managers only invest in securities with BRSR disclosures.
- SEBI has released draft regulations on ESG rating agencies.
SEBI mandates India's Top 1000 listed companies to submit their BRSR reports from FY 2022-23.
BRSR Reporting format contains nine principles that cover a company’s ESG performance.
Disclosures in the BRSR report are divided into Essential Indicators (mandatory to report) and Leadership Indicators (optional to report).
SEBI proposed that asset managers only invest in securities with BRSR disclosures.
SEBI has released draft regulations on ESG rating agencies.
Our capabilities in BRSR Reporting
Professionals
Countries
Ratings Agencies
ESG Partners
Tech Tools
ESG ADVISORY SERVICES
We understand that companies have varied needs and maturity curves. We offer following value-added ESG services:
- ESG Reporting Preparedness
- Stakeholder Engagement
- Materiality Assessment
- ESG Risk Assessment & Financial Impact
- Life Cycle Assessment
- Policy formulation and Implementation
- Goal Setting & KPIs Identification
- Capacity Building
- Industry & Peer Benchmarking
- ESG Program Management
- Internal ESG Data Management
- Supply Chain Management
- GHG Accounting Monitoring
- ESG Reporting & Assurance
- Investor & Brand Communications
- ESG Rating Management
- Decarbonization Strategy
- Sustainability Financing
- ESG Impact Strategy
- ESG Accreditations
- Investing Screening
- Impact Planning
- Due Dilligence
- Gap Assessment and Recommendations
- Capacity Building
- ESG Progress Management
- Impact Evaluation
- Reporting
- Assurance
WHY BRSR IS HERE TO STAY
BRSR Reporting for Indian businesses is not merely a mandate. It can boost business growth across a company’s life and operations, including revenue generation and reputation management.
Climate Resilience
Companies are looking to de-risk business from the impact of climate change and aligning with national Net Zero goals. Government across the globe are pushing corporates to adopt sustainable practices.
Competitive Advantage
Brands can differentiate themselves by adopting a sustainability strategy & best practices and transparently report ESG vision for better talent acquisition and consumer attraction and retention.
Access to Funds
Investors are increasingly shifting their focus on sustainable businesses, de-risked from not just financial but also ESG risks. Companies that adopt ESG tend to perform better & carry lower default risk.
Efficient Supply Chain
From the periphery to the nub, ESG assessment of vendors is critical in factoring risk for all industries. The concept of sustainability is not limited to corporates but also to their value chain partners.
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FAQs on BRSR Reporting
Business Responsibility Sustainability Reporting (BRSR) is a voluntary framework for companies to report their social, environmental, and economic impacts on society. It enables companies to be transparent and accountable about their sustainable practices and contributes to the sustainable development of the economy.
BRSR is important because it helps companies to identify and mitigate potential risks, improve their reputation, and enhance their relationship with stakeholders. BRSR also contributes to the overall sustainable development of the economy by encouraging companies to adopt responsible and sustainable practices.
BRSR is applicable to all listed companies, as well as unlisted companies with a net worth of Rs. 500 crore or more, or a turnover of Rs. 1,000 crore or more, or a net profit of Rs. 5 crore or more during any financial year.
BRSR has four components: governance and ethics, social, environmental, and economic. Each component has specific disclosures that companies need to report on.
BRSR is not mandatory for companies, but it is encouraged by the Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA) for all eligible companies to report.
The reporting cycle for BRSR is annually. The reporting year runs from April to March.
There are no specific penalties for non-compliance with BRSR. However, companies that do not report under BRSR may face reputational risks, and may not be able to access certain capital markets or investors who prioritize sustainable practices
BRSR is unique in that it is a voluntary framework specific to Indian companies, and it is designed to align with Indian laws, regulations, and social and environmental priorities. BRSR also focuses on governance and ethics, which is not a component of all sustainability reporting frameworks.
Companies can prepare for BRSR reporting by understanding the framework and its components, engaging with stakeholders, conducting assessments of their social, environmental, and economic impacts, and implementing sustainable practices and policies.
BRSR reporting can benefit companies by enhancing their reputation, improving their relationship with stakeholders, identifying potential risks and opportunities, and promoting sustainable practices and policies. BRSR reporting can also contribute to the overall sustainable development of the economy.
