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Home » ESG Advisory Services

Sustainability And The Steel Industry

March 16, 2023 by Aanchal Mathur

Reading Time: 3 minutes

Steel is an essential part of our economic system and has played a vital role in development initiatives. However, manufacturing steel accounts for approximately 8% of carbon dioxide emissions globally. Additionally, given the size and significance of the steel industry, it is no surprise that steelmakers have been under pressure to accelerate their efforts to achieve the Sustainable Development Goals (SDGs).

In keeping with the Indian government’s COP26 commitments, the Ministry of Steel (MoS) has invited stakeholders to prepare an action plan targeting the reduction of emissions in the steel industry. On an annual basis, the global iron and steel industry accounts for around 8% of total carbon dioxide (CO2) emissions. The industry accounts for 12% of total national CO2 emissions in India.

Discussions were held recently on the current situation and the way forward for supporting the transition to green steel and adopting the latest technology the steel industry can use to facilitate this transition. Through different programs and regulations, the MoS has assisted steel plants in reducing energy use and pollution emissions. Some of the steps taken are listed below:

  • Charter on Corporate Responsibility for Environment Protection (CREP) 
  • National Action Plan on Climate Change (NAPCC) 
  • NEDO Model Projects for Energy Efficiency Improvement
  • Iron & Steel Slag Utilization

Related Read: BRSR 2.0 – Latest Recommendations From SEBI

CLICK HERE

According to a report by the MoS, energy consumption is generally high in most integrated steel facilities in India, ranging from 6-6.5 Giga calories per tonne of crude steel as compared to 4.5-5.0 steel plants abroad. In keeping with the government of India’s Nationally Determined Contributions (NDCs), the Ministry of Steel has submitted NDCs to the Ministry of Environment, Forest and Climate Change (MOEF&CC) for the iron and steel sector to minimize GHG emissions by implementing clean and green technology. The Steel Association of India (SAI) recently compiled a list of policy enablers that might help advance green steel in the country. It includes preferential public buying of green steel, creating green steel standards, and other initiatives.

Some key achievements of the iron and steel industry so far are listed below: 

  • The steel industry has implemented cutting-edge clean technologies, improved raw material quality, increased fuel economy, and created a carbon sink.
  • The following are some of the best available technologies adopted by the Indian steel industry to improve energy efficiency and reduce GHG emissions:
Technologies Adopted by the Steel Industry
Coke Dry Quenching (CDQ)  
Sinter Plant Heat Recovery  
Bell Less Top Equipment (BLT)  
Top Pressure Recovery Turbine (TRT)  
Pulverized Coal Injection (PCI) system  
Dry-type Gas Cleaning Plant (GCP)  
Cast House/ Stock House Dedusting System 
Energy Monitoring & Management System 
Secondary Fume Extraction System 
Regenerative Burners in Re-heating Furnaces of Rolling Mills 
Direct Rolling Process eliminating the need for Re-heating furnaces 
Near Net Shape casting 
Variable Voltage Variable Frequency (VVVF) Drives 

As a result of the implementation of the above steps, the specific CO2 emissions have significantly reduced from 3.1 T/tcs in 2005 to 2.5 T/tcs in 2020. In line with the efforts at the Ministry level, top steel manufacturers have also taken significant steps and targets to contribute to the achievement of India’s NDCs.

Related Read: BRSR Report – A New Avatar Of ESG Reporting

CLICK HERE

As per their ESG report for FY 2020-2021, JSW Steel reduced its absolute Scope 1 & 2 GHG emissions by 7.4% last year while achieving a 3% energy intensity reduction across the organization. The company also achieved a 51% reduction in specific dust emissions generated from process stacks and reported a remarkable 7.3% reduction in water consumption. Prabodha Acharya, Chief Sustainability Officer JSW Group, said, “We have invested in gas-based power plants to utilize waste gases generated from steel operations, thereby reducing coal consumption. JSW also has steam generation from waste heat recovery at sinter plants”.

Hindalco Industries has committed to achieving net carbon neutrality by 2050. Vedanta Ltd. is investing in green businesses to leverage green hydrogen, green metals, renewables, recycling, etc. The company stated in its September quarter results that Vedanta has set up the world’s first ESG Academy for capacity-building within the organization.

Companies with access to worldwide standards and technology, such as AM/NS, intend to get power for their upcoming expansions from renewable sources. Tata Steel is investing in CCU/S to capture and use carbon at the emission source in their blast furnaces and is moving steadily towards carbon neutrality. The company intends to become water-neutral at all its locations by 2030 and a zero-effluent organization by 2025.

Related Read: Is BRSR Yet Another Compliance?

CLICK HERE

Jindal Steel and Power Ltd.’s ESG targets include being one of the world’s top 10 lowest CO2 emitting steel businesses. The company intends to cut its carbon footprint by nearly half.

Steelmakers have made significant progress towards some SDGs, such as reducing greenhouse gas emissions and improving energy efficiency. However, there is still much work to be done. The buyers and customers of the steel industry now want clean products. One of the key difficulties confronting the Indian steel industry is the country’s heavy reliance on coal in various steelmaking processes. Additionally, the industry is still reliant on dated and inefficient technology. As steel production continues to grow in the coming years, steelmakers must redouble their efforts to support government decarbonization initiatives as India strives to attain net-zero emissions by 2070.

Have you started collecting your BRSR data yet?

Consult an ESG expert today
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Filed Under: Blogs, ESG Tagged With: BRSR, BRSR Reporting, brsr reporting in india, Environmental Social Governance, ESG, ESG Advisory Services, ESG Reporting, Steel Industry, Sustainability

BRSR 2.0 – Latest Recommendations From SEBI

February 23, 2023 by Prakhar Gupta

Reading Time: 3 minutes

Environmental Social Governance (ESG) reporting is gaining momentum in India, with the Securities and Exchange Board of India (SEBI) making it mandatory for the top listed entities to report their Business Responsibility and Sustainability Report (BRSR) as part of their listing disclosure requirements. In addition, SEBI has also imposed regulations for ESG-labelled Mutual Funds, requiring them to invest predominantly in companies that publish BRSR reports. Recently, SEBI updated the regulatory guidelines for issuers of green bonds mandating them to adopt the abridged version of the BRSR report. SEBI is also currently working on a regulatory framework for ESG Rating Providers (ERPs).

As India’s top 1000 companies are gearing to adopt and publish the first set of mandatory BRSR reports, SEBI on 20th February 2023 released its ESG Committee’s recommendations on streamlining the ESG disclosures, ESG Ratings, and ESG Investments in India.

The recommendations put a strong emphasis on improving the quality of BRSR disclosures such that stakeholders can have a stronger reliance on the information disclosed. The top 6 highlights of the recommendations of SEBI’s ESG Committee which increase the scope, utilitarian value, and quality of BRSR are as follows:

A: BRSR Core Assurance:

The simplest way to build reliance on BRSR disclosures is by a third-party assurance. BRSR currently covers a wide range of disclosures, hence, to limit the cost of compliance the committee has proposed rolling out assurance in a phased manner. The said assurance is only applicable to the most critical disclosures of BRSR, named as BRSR Core by the consultation paper. BRSR Core covers the assurance of GHG footprint, water consumption and discharge, R&D and capex expenditure in reducing environmental footprint, addressing waste disposal, employee wellbeing, and safety, gender diversity, POSH complaints, purchases from MSME and small producers, job creation in tier-3 towns, percentage of negative media sentiment and average days of payment to vendors and openness of business.

BRSR Core Assurance

B: Upgrade to BRSR Comprehensive Framework:

Many KPIs suggested in the BRSR core are currently not in BRSR comprehensive framework. Hence the committee has proposed to amend BRSR comprehensive framework and include additional KPIs. Reasonable assurance is required from an assurance provider for such KPIs mentioned under the BRSR core option.

Related Read: Is BRSR Yet Another Compliance?

CLICK HERE

C: Essential Supply Chain Disclosures:

For the current financial year, the BRSR disclosure requirements buckets supply chain indicators under leadership indicators. However, for certain companies, significant GHG emissions may be captured in the supply chain and hence it becomes essential for them to report the same. Keeping the complexity of getting the relevant data for the companies in the initial year, the ESG committee recommends making it an essential indicator in the coming years under the BRSR disclosure requirements. The disclosure shall be on a “comply-basis and will be rolled out in a phased manner.

BRSR Core Assurance

D: Indianized ESG Ratings Scores:

Apart from working on regulations framework on how ESG Rating Providers (ERPs) shall operate, the ESG committee also believes that emerging markets like India present a unique set of environmental and social challenges and therefore there is a need for a distinct set of metrics to be considered when assigning ESG ratings. In the context of India, for instance, issues such as employment creation in smaller towns, gender diversity at the employee level, and inclusive development are much more pertinent than in developed markets. Hence the committee has identified relevant 15 ESG parameters that have an Indian context.

Related Read: BRSR Report – A New Avatar Of ESG Reporting

CLICK HERE

E: ESG Core Rating based on BRSR:

SEBI Committee believes that in general ESG ratings are based on self-disclosed data. The Committee has already proposed that the BRSR core indicator shall be subject to assurance. The Committee further proposes that in addition to their general ESG ratings, ERPs shall also provide a Core ESG rating, which shall be based on assured BRSR Core parameters.

F: Mitigation of investment risks:

To mitigate the risk of greenwashing and safeguard investors SEBI committee has proposed an ESG scheme to invest at least 65% of its AUM in companies that are reporting the BRSR comprehensive version and also providing assurance on BRSR Core disclosures. The same shall come into effect on Oct 01, 2024. Additionally, third-party assurance for the ESG funds regarding compliance shall be introduced from April 01, 2023, on a ”comply-or-explain” basis.

Conclusion

Adoption of BRSR reporting is not just run-of-the-mill compliance but has a larger impact and a much wider audience. SEBI’s ESG committee with this consultation paper has redrawn the attention of listed companies who shall be releasing their first BRSR report for FY 22-23.


Why Choose InCorp?

InCorp Advisory provides a complete ecosystem and support for your BRSR needs. Our team of experts conducts a 360-degree assessment to identify and highlight potential risks and opportunities which can arise with BRSR reporting. Our clients range from listed companies to investors as we help them not only improve their ESG reports but also help create valuable investments.

Have you started collecting your BRSR data yet?

Consult an ESG expert today
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Filed Under: Blogs, ESG Tagged With: BRSR, BRSR Reporting, brsr reporting in india, Environmental Social Governance, ESG, ESG Advisory Services, ESG Reporting, SEBI

ESG Reporting – The Key to Fundraising in 2022 and Beyond

November 3, 2022 by InCorp Advisory

Reading Time: 3 minutes

Sustainable development is an approach to economic and social progress that works for everyone. It focuses on the idea that any form of growth can last longer if it nurtures all sections or elements in society, including our environment.

Companies are understanding the importance and benefits of adopting an ESG framework. Non-financial disclosures are being made through ESG reporting to maintain transparency with investors, customers and employees. In this blog, we shall see how businesses can leverage upon significant fundraising through ESG disclosure.

Table Of Contents


Why Are Investors Shifting Towards ESG Investments?
What Popularized ESG Stocks?
Do ESG Investments Produce Enhanced Returns?
How Are The Pillars Of ESG Impacting Business Strategies?
Conclusion
Why Choose Incorp?
FAQs On ESG Reporting – The Key to Fundraising in 2022

Why are investors shifting towards ESG investments?

The wave of ESG practices is altering traditional investment methods globally. There has been an evolution in the funding trend. Investors are updating their portfolios to include businesses that are environmentally and socially conscious. They are starting to prefer companies that are sustainable.

Integration of ESG into the business portfolio not only mitigates the risk but also contributes to better returns. Thus, there has been a significant change in investment patterns by individuals globally.

What popularized ESG stocks?

There are several factors acting as a catalyst for the growth of ESG stocks. Companies with strong ESG grounds attract B2B and B2C customers with sustainable practices.

By being ESG compliant, companies receive support and subsidies from the government through deregulation. Enormous funding is diverted towards ESG compliant companies as their investments are long-term, sustainable, and environmentally sound which also cuts down the proportion of risk.

The bid for a ‘sustainable tomorrow’ is also compelling companies to incur some extra expenditure to go green. According to research conducted by McKinsey, 70% of the consumers from across various industries were keen to go green, even if it meant paying an extra 5% for a cleaner product as an effort to combat long term climate change threats.

Related Read: Five Benefits of ESG Reporting for Businesses

CLICK HERE

Do ESG investments produce enhanced returns?

According to the world’s largest asset management firm, BlackRock, when Covid19 had affected the economy in 2020, ESG investments performed outstandingly well. BlackRock is one of the pioneers promoting sustainable investments. The company strongly believes that ‘climate risk is investment risk’.

As per Nordea Equity Research (largest financial services group in the Nordic region) from 2012-2015, companies that performed extremely well in their ESG ratings outperformed their peer companies by at least 40%.

Neste is a more than 70-year-old company in Finland. It was primarily a traditional oil refining and marketing company but now it has started generating fuel from renewable resources and gains more than two-thirds of its profits from sustainable business practices. The future of equity investments lies in striking a balance between profit-making and embracing ESG practices.

How are the pillars of ESG impacting business strategies?

The growing threat of climate change is no longer restricted to conference rooms. Theories are translating into action in the form of ESG practices. There is an expanding demand from the shareholders who seek to invest where the values and ethics of an organization are positioned parallel with the global climate change action plan. 

Investors are drifting away from business investments in companies that are environmentally and socially dysfunctional. There lies a cutthroat competition in the market and businesses have no option but to adopt an ESG strategy. Investment decisions are now being based on how a company’s ESG indicators perform over and above the financial performance. 

ESG adoption was promoted considerably when the United Nations (UN) launched the Principles of Responsible Investing in 2006. It encouraged investors to be the flag bearers of sustainable investments and enhance ESG practices by taking social and environmental limitations into account. 

Eventually, in 2006, 63 investment companies including asset owners, asset managers, and service providers became signatories who signed a commitment and promised to integrate ESG into their investment practices. From 63 investors in 2006 with investments worth 6.5 trillion dollars in AUM, the number of participants increased to over 1700 with 81.7 trillion dollars in AUM by 2018.

Related Read:  BRSR – A New Avatar of ESG Reporting

CLICK HERE

Conclusion

The relevance of ESG metrics and scores is getting brighter with each passing day. Companies are redesigning their business frameworks to leverage ESG compliance.

The significance of ESG in the corporate sector is expected to grow stronger in coming times as it conjugates profit building strategies with environmental and social welfare.


Why choose Incorp?

We understand that every company has a unique need and maturity level when it comes to sustainability. That’s why we offer our clients customized sustainability solutions along with various other value-added ESG services like ESG reporting, ESG assurance, due-diligence, and many more.

Our experts have training in global frameworks like GRI and TCFD as well as regional frameworks like BRSR, HKEX Framework, SGX Framework, etc. We are your one-stop solution for BRSR Reporting in India.

FAQ’s

What are the 3 pillars of ESG?

The three pillars of ESG are:

  • Environmental – this is the impact the organization has on the planet
  • Social – this is the impact the organization has on people, including staff and customers, and the community.
  • Governance – this is the impact the organization has on governed.
Why is ESG becoming more important?

It makes organizations aware of the climate issues that are occurring and encourages businesses to adopt new environment-friendly practices. For the social part of ESG, employees and shareholders are created equally, and their health and safety are considered.

What is an ESG Checklist?

Certainty Software's ESG Checklist is software used to assess a company's environment, and social and governance practices. The checklist is used by an organization to assess its own performance or that of its suppliers.

Does ESG reporting improve profitability?

Companies using ESG services are outperforming their competitors, attracting top talent, and profiting from the act of more sustainably. Organizations ignoring ESG are at risk of regulation and stakeholder intervention.

Why do companies care about ESG?

ESG reporting provides a competitive advantage. Having an ESG program in place helps boost brand recognition and even promotes brand loyalty.

When should the ESG report be published?

In terms of ESG reporting, issuers are required to publish their ESG reports at the same time as the publication of their annual report as of 1st January 2022.

Give yourself a competitive edge and start collecting data for BRSR reporting today!

Talk to our ESG experts
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Filed Under: Blogs, ESG Tagged With: BRSR, BRSR Reporting, brsr reporting in india, ESG, ESG Advisory Services, ESG Reporting

Five Benefits of ESG Reporting for Businesses

September 6, 2022 by Aanchal Mathur

Reading Time: 3 minutes

In 1987, The Brundtland Commission published a report titled ‘Our common future’ which gave birth to the guiding principles for ESG reporting as we know it. It defined sustainability as “meeting the needs of the present without compromising the ability of future generations to meet their own needs.”

The concept of sustainable development not only focuses on environmental conservation but also on social equity and economic development for all. The approach is built upon the idea that any form of development can last long if it nurtures all sections and elements of society and the environment.

Current Scenario

Climate change is no longer an environmental concern but a potent threat to economic growth. According to a recent IPCC (Intergovernmental Panel on Climate Change) report, the need for effective and equitable climate governance built on engagement between civil society actors, political actors, businesses, youth, labor, media, Indigenous Peoples, and local communities. Businesses have a decisive role to play in the equation and many benefits to gain by adopting an ESG reporting strategy.

The COP26 (Conference of Parties) held in Glasgow in 2021 reflected this. According to McKinsey, at the conference, more than 5,200 businesses pledged to achieve net-zero carbon targets by 2050, and around 450 investors, banks, and insurers (representing $130 trillion in assets and 40 percent of the world’s private capital) made commitments to create climate-neutral portfolios by 2050.

Related Read: ESG reporting in India

CLICK HERE

The 5 Benefits of ESG Reporting

Five Benefits of ESG Reporting for Businesses

Adopting and implementing an ESG reporting strategy would entail a significant allocation of funds and resources for companies. So, the big question is – What do businesses have to gain?

A strong ESG proposition can lead to five tangible benefits for businesses.

1. Fundraising

Investors are now updating their portfolios to include environmentally and socially conscious businesses and navigating sustainable practices. Integrating companies with ESG reports into their business portfolios not only mitigates the risk but also contributes to better returns. According to BlackRock, when COVID 19 blew the market in 2020, ESG investments performed outstandingly well.

2. Positioning

A solid external proposition can lead to the easing of regulatory pressure. It may garner increased government support. In addition, ESG reporting is a fantastic way to highlight and showcase a company’s achievements and initiatives.

3. Top Line Growth

A solid ESG strategy can help businesses enter new markets and expand further into existing ones. Countries are now increasing mandates on backward integration of ESG agendas mandating companies to include their complete supply chain into their ESG reports. The new SEC (Securities Exchange Commission) rule mandates companies to report the Scope 3 emissions across their entire supply chain. Companies that may not be mandated to publish an ESG report may now have to do so.

4. Cost Savings

ESG adoption can lead to direct cost reductions for example from reduced energy consumption, among other advantages. As per a McKinsey report, executing an ESG strategy effectively can reduce operating costs by up to 60%.

5. Employee Retention and Motivation

A well-formed ESG strategy can lead to attracting and retaining employees. It can also lead to enhanced workforce productivity through instilling a sense of purpose. Additionally, people are now choosing to work for climate-conscious companies. Increased productivity and attracting better talent not only lead to higher profits through performance but also reduce the cost of retention.


The Way Forward

ESG reporting is undoubtedly a year-on-year exercise, but it can help companies navigate long-term goals and enhance value creation. A transition is happening from an extractive economy to a regenerative one. This wave of transformation will lead to long-term social, economic, and environmental development, and the businesses that ride the wave expertly will reap tangible benefits.

FAQs

What are the 3 pillars of ESG?

The three pillars of ESG are:

  • Environmental – this is the impact the organization has on the planet
  • Social – this is the impact the organization has on people, including staff and customers, and the community.
  • Governance – this is the impact the organization has on governed.
Why is ESG becoming more important?

It makes organizations aware of the climate issues that are occurring and encourages businesses to adopt new environment-friendly practices. For the social part of ESG, employees and shareholders are created equally, and their health and safety are considered.

What is an ESG Checklist?

Certainty Software's ESG Checklist is software used to assess a company's environment, and social and governance practices. The checklist is used by an organization to assess its own performance or that of its suppliers.

Does ESG reporting improve profitability?

Companies using ESG services are outperforming their competitors, attracting top talent, and profiting from the act of more sustainably. Organizations ignoring ESG are at risk of regulation and stakeholder intervention.

Why do companies care about ESG?

ESG reporting provides a competitive advantage. Having an ESG program in place helps boost brand recognition and even promotes brand loyalty.

When should the ESG report be published?

In terms of ESG reporting, issuers are required to publish their ESG reports at the same time as the publication of their annual report as of 1st January 2022.

With our customized ESG service, we provide the right reporting solution to get you started.

Speak to an ESG expert
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Filed Under: Blogs, ESG Tagged With: ESG, ESG Advisory Services, ESG Reporting

BRSR – A New Avatar of ESG Reporting

August 16, 2022 by InCorp Advisory

Reading Time: 3 minutes

BRSR Reporting is probably a new avatar to a legacy of other sustainability reports. Sustainability reporting was introduced to Indian businesses more than a decade ago. In 2011, the Ministry of Corporate Affairs (MCA) released the National Voluntary Guidelines (NVG) on Social, Environmental, and Economic Responsibilities of Business. The NVG aligned with the UN Millennium Development Goals (UNMDGs).Taking cue from the NVG, the Security and Exchange Board of India (SEBI) introduced the Business Responsibility Report (BRR) in 2012.

Table Of Contents


Business Responsibility And Sustainability Reporting – BRSR Reporting
Brief Timeline Of BRSR Reporting
Some Salient Points About BRSR Reporting Are
Conclusion
How Can InCorp Help You?
FAQs On BRSR Reporting

Business Responsibility and Sustainability Reporting – BRSR Reporting

The BRR is the first Environment, Social, and Governance (ESG) regulatory disclosure framework in India – it precedes the current Business Responsibility and Sustainability Reporting (BRSR) requirements. BRR was based on NVG and was mandatory for the top 100 listed companies (by market capital). Gradually, the coverage of BRR increased, and by 2019 it became mandatory for the top 1000 listed companies.

Eventually, BRR’s relevance faded, owing to rapid global developments. Additionally, an NSE report (2018) revealed that the BRR Reports lacked quality, rendering the reporting unreliable. Hence the need for a more robust and globally aligned reporting – enter the BRSR framework!

Realizing the issue, the MCA adopted the National Guidelines for Responsible Business Conduct (NGRBC) in 2020. Subsequently, SEBI replaced BRR with Business Responsibility and Sustainability Reporting (BRSR), formulated by an MCA committee on BRR.

Brief Timeline of BRSR Reporting

Brief Timeline of BRSR infographic

Some Salient points about BRSR Reporting are –

  • NGRBC suggests two versions for BRSR reporting – “Comprehensive” and “Lite”. The ‘Comprehensive Version’ of reporting is for listed organizations, and the ‘Lite Version’ is for unlisted companies. For now, SEBI has mandated that India’s top 1000 listed companies (by market capital) submit the comprehensive version BRSR for FY 2022-23.
  • A unique advantage of following BRSR requirements is that it adopts the United Nations Sustainable Development Goals (UN-SDGs) and is benchmarked with other global ESG reporting frameworks like Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosures (TCFD), etc.
  • Reporting under BRSR guidelines comprises of three sections –
    • Section 1: General Disclosures
    • Section 2: Management and Process Disclosures
    • Section 3: Principle-wise Disclosures
  • Section 1 focuses on the basic set of information at the company level. Section 2 focuses on policy and governance level questions. Both these sections are mandatory to be reported.
  • Section 3 comprises nine principles, each focused on a specialized area. Disclosures in section 3 have two categories – Essential Indicators and Leadership Indicators. The essential indicators are mandatory, while the leadership indicators are voluntary.
  • Method of reporting under BRSR, compared to its predecessor BRR, is considerably heavy on data requirements. It comprises more than 120 reported data points across three sections and nine principles.
  • Gathering the raw data (thousands of data points!) across the Finance, HR, CSR, Supply-chain and Operations teams (and various systems such as ERP, CRM, HRMS etc.), collating and indexing it, processing it and then structuring it across these nine principles is an extensive exercise, and requires specialized focus and alignment.

Related Read: Is BRSR yet another compliance?

CLICK HERE

Conclusion

While BRSR reporting is a compliance mandate for companies, the filing exercise may give companies deeper insights into their non-financial business risks and opportunities.

If you believe that BRSR is just another compliance, do check out this blog. We think it needs a more profound engagement within the organization to be able to build a BRSR Report.


How Can InCorp Help You?

Incorp can be the one-stop solution for all your BRSR requirements. Our professionals are trained to comply with the ESG Framework and work in the best interest of your company.

FAQs

What is BRSR disclosure?

The BRSR is an initiative towards ensuring that investors have access to standardized disclosures on ESG parameters.

Is BRSR mandatory?

SEBI mandates the application of the BRSR to the 1,000 largest listed companies (by market capitalization) on a voluntary basis for fiscal years 2021-22 and on a mandatory basis for fiscal years 2022-23.

What is the difference between BRR and BRSR?

Evolution of Business Responsibility Reporting (BRR), BRSR is an Environmental, Social, and Governance (ESG) framework benchmarked against global frameworks such as GRI, TCFD, and SASB.

Why is BRSR important?

BRSR lays considerable emphasis on quantifiable metrics, which will enable easier comparability across sectors and time periods, as opposed to BRR

Have you started collecting your BRSR data yet?

Consult an ESG expert today
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Filed Under: Blogs, ESG Tagged With: BRSR, BRSR Reporting, ESG, ESG Advisory Services, ESG Reporting

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