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Understanding that creating a BRSR strategy can be challenging for you, we create customized services specifically for your needs.
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Clients Assisted
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BRSR Reports Published
Professionals
Sectors Covered
Clients Assisted
BRSR Reports Published
The ESG team at InCorp has assisted more than 100 clients in publishing BRSR reports. The team has strategized and designed ESG strategies for 20+ industries.
InCorp offers seamless integration of XBRL data with 14 leading ESG reporting frameworks, such as GRI and SASB. The team of over 30 ESG experts has assisted clients in publishing BRSR reports across more than 20 diverse industries. With unparalleled expertise in ESG reporting, InCorp has guided clients in navigating the complexities of BRSR compliance, ensuring accurate reporting.
BRSR Reporting in INDIA
The BRSR framework is a mandatory reporting mechanism for the top 1000 listed companies or enterprises. It requires them to disclose their environmental, social, and governance (ESG) performance that showcases their dedication to responsible business practices.
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SEBI mandates India's top 1000 listed companies to submit their BRSR reports from FY 2022-23.
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BRSR Reporting format contains 9 principles that cover a company’s ESG performance.
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Disclosures in the BRSR report are divided into Essential Indicators (mandatory to report) and Leadership Indicators (optional to report).
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SEBI proposed that asset managers only invest in securities with BRSR disclosures.
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SEBI has released draft regulations on ESG rating agencies.
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.
Service Areas Within BRSR Reporting
XBRL Filing
Our team possesses in-depth knowledge of XBRL taxonomies specific to ESG reporting.
KPI Identification
We assist you in identification of customized set of KPIs aligned with our client's sustainability strategy.
SEBI Compliant Report
We assist our clients in conducting materiality assessments and stakeholder engagement plan policy formulation and review.
InCorp Insights
Integrating BRSR with Financial Reporting and Disclosures
The growing need for companies to be accountable and transparent has an implicit influence on…
Net-Zero Emissions: Setting Science-Based Targets with SBTi
With the advent of ESG and sustainable practices, businesses are ever more vigilant in reducing…
Why BRSR Reporting in India Needs Specialized ESG Consulting
The Sustainability Era The current regulatory landscape is not only changing globally but its effects…
Why Listed Companies Need ESG Consultants for BRSR Reporting
Introduction Today, organizations across the world are recognizing the value of incorporating Environmental, Social, and…
Governance Structures: Ensuring Accountability in BRSR Compliance
As India Inc progresses toward Prime Minister Narendra Modi’s net zero goal of 2070, corporates…
Social Stock Exchange in India: Step Towards Impact Investing
The Social Stock Exchange is a platform to help Non-Profit Organizations (NPOs) raise funds from…
BRSR Assurance: Ensuring Transparency from the Lens of Business
Sustainability consciousness has surged to the forefront of corporate agendas, prompting the Securities and Exchange…
Life Cycle Assessment: Impacts and Importance in BRSR
In an era of fast industrialization, widespread consumerism, and expanding populations, the planet’s limited resources…
BRSR 2.0: Changes in BRSR Requirements for 2024 v/s 2023
SEBI is proactively spearheading the refinement of ESG reporting standards in India and has already…
BRSR Reporting in India’s First Year: Challenges and Insights
BRSR – An Overview In 2021, the Securities and Exchange Board of India (SEBI) mandated…
FAQs
Business Responsibility Sustainability Reporting (BRSR) is a mandatory reporting framework for the top 1,000 listed companies in India. BRSR enables clients to report their social, environmental, and economic impacts on society thus encouraging transparency and encouraging sustainable business practices.
BRSR promotes standardized disclosures on ESG parameters. It helps companies to identify and mitigate potential risks and improve their reputation. It also lets companies showcase their sustainability objectives, position, and overall performance.
BRSR is as a mandatory reporting requirement for the top 1,000 listed companies (by market capitalization) in India.
BRSR has four components: governance and ethics, social, environmental, and economic. Each component has specific disclosures that companies need to report on.
BRSR is as a mandatory reporting requirement for the top 1,000 listed companies (by market capitalization) in India. Nevertheless, other companies can voluntarily submit their BRSR report as it enhances their overall market value, particularly when seeking to raise funds.
The BRSR reporting occurs on an annual cycle between April to March of each reporting year.
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 a voluntary framework specific to Indian companies, and is designed to align with Indian laws, regulations, 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
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