Business Responsibility and Sustainability Reporting (BRSR) Framework

Business Responsibility and Sustainability Reporting (BRSR) Framework

SEBI releases Consultation Paper for changes in Business Responsibility and Sustainability Reporting (BRSR) Framework

  • Requires top 1000 listed companies to report their ESG (environmental, social and governance) performance in a standardized format
  • Based on the principles of – National Guidelines on Responsible Business Conduct (NGRBC)
    • Formulated by Ministry of Corporate Affairs in 2019
  • Proposed by – S.K. Mohanty committee to facilitate Ease of Doing Business
  • Redefines value chain (VC) partners – The proposed definition will cover only significant partners.
    • This will reduce compliance burden from smaller VC partners.
  • More time to implement – For the 1st year of reporting FY 2024-25, reporting previous year numbers shall be voluntary.
    • In the current framework, the BRSR is mandatory from FY 2022–23 onwards.
  • Integrates Green Credit Programme (GCP) – Green Credits generated by company and its VC partners shall be an additional leadership indicator under BRSR.
  • Flexibility for BRSR core – Companies should have the option to choose ‘assessment’ instead of ‘assurance’ for BRSR Core.
    • ‘Assurance’ follows global/domestic standards that go beyond data verification, adding extra costs.

Source: Hindu Business Line


Previous Year Question

In the context of finance, the term ‘beta’ refers to:

[UPSC Civil Service Exam – 2023 Prelims]

(a) the process of simultaneous buying and selling of an asset from different platforms
(b) an investment strategy of a portfolio manager to balance risk versus reward
(c) a type of systemic risk that arises where perfect hedging is not possible
(d) a numeric value that measures the fluctuations of a stock to changes in the overall stock market

Answer: (d)


Practice Question

Consider the following statements with respect Business Responsibility and Sustainability Reporting (BRSR) Framework in India:

  1. It requires top 1000 listed companies to report their ESG (environmental, social and governance) performance in a standardized format
  2. It works on the principles of National Guidelines on Responsible Business Conduct (NGRBC) formulated by Ministry of Commerce.

Which of the statements is/are correct?

 
 
 
 

Question 1 of 1

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