A Note on BRSR in Indian Perspective. It also cover BRSR Core

Very Important Topic

1. BRSR in Indian Perspective
•Ca Manmohan Jindal
•Ex-Canara Bank , Social Impact
Assessor -Mumbai
•[email protected]
•8850385224
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indal21_5224/
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hanjindal/
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AL2
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mohanjindal

2. •BusinessResponsibilityandSustainabilityReporting(BRSR)isa
reportingframework.
•TheBRSR,mandate,thetop1000listedcompanies(bymarket
capitalization)todisclosetheirESGperformanceinaquantitativeand
standardized(updated)formatandundertakereasonableassurance
ofBRSRCorefromFY2023–24asapartoftheirAnnualreports.

3. Financial YearApplicability of BRSR Core to top listed
entities (by market capitalization)
2023 –24 Top 150 listed entities
2024 –25 Top 250 listed entities
2025 –26 Top 500 listed entities
2026 –27 Top 1000 listed e0ntities

4. •BRSR Core and Updated BRSR
•TheBRSRCoreisasub-setoftheBRSR,consistingofasetofKey
PerformanceIndicators(KPIs)/metricsunder9ESGattributes.
•KeepinginviewtherelevancetotheIndian/Emergingmarket
context,fewnewKPIshavebeenidentifiedforassurancesuchasjob
creationinsmalltowns,open-nessofbusiness,grosswagespaidto
womenetc

5. •9 ESG Attributes are:
•01.Green-housegas(GHG)footprint-Greenhousegasemissionsmay
bemeasuredinaccordancewiththeGreenhouseGasProtocol:A
CorporateAccountingandReportingStandard
•02.Waterfootprint
•03.Energyfootprint
•04.Embracingcircularity-detailsrelatedtowastemanagementby
theentity

6. •05. Enhancing Employee Wellbeing and Safety
•06. Enabling Gender Diversity in Business
•07. Enabling InclusiveDevelopment
•08. Fairness in Engaging with Customers and Suppliers
•09. Open-ness of business

7. •IndianPerspectiveonBRSR:
•RegulatoryFramework:In2021,SEBImadeitmandatoryforthetop
1,000listedcompaniesbymarketcapitalizationtoreportunderthe
BRSRframeworkstartingfromthefinancialyear2022-23.
•ThesameisrevisedinJuly2023withtheconceptofBRSRCore.This
markedasignificantregulatorystepinIndia’sjourneytowards
sustainablebusinesspractices.

8. •IndianPerspectiveonBRSR:
•FocusonESG:BRSRemphasizestheimportanceofESGfactors,
whichareincreasinglybecomingcrucialforinvestorsand
stakeholders.
•Companiesarerequiredtodisclosedetailedinformationontheir
Governancestructures,Environmentalimpact,Socialresponsibilities,
andEthicalpractices.

9. •AlignmentwithGlobalStandards:BRSRisdesignedtoalignwith
internationalreportingstandards,makingIndiancompanies'
sustainabilitydisclosuresmorecomparableglobally.
•ThisalignmentalsohelpsinattractingForeigninvestments,asGlobal
investorsareincreasinglylookingforsustainableandresponsible
investmentopportunities.

10. •CorporateSocialResponsibility(CSR):TheBRSRframework
complementsIndia’sexistingCSRmandate,whichrequires
companiesofacertainsizetospendaminimumpercentageoftheir
profitsonsocialcauses.
•BRSRensuresthatcompaniesnotonlyspendonCSRactivitiesbut
alsoreporttheirimpacttransparently.

11. •RoleoftheInstituteofCharteredAccountantsofIndia(ICAI):The
ICAIplaysacrucialroleinsupportingtheimplementationoftheBRSR
framework.
•Itprovidesguidance,training,andresourcestoitsmembers,helping
themtoassistcompaniesinpreparingaccurateandcomprehensive
BRSRreports.
•TheICAI’sinvolvementensuresthattheFinancialandNon-financial
disclosuresmadebycompaniesarereliableandmeettherequired
standards.

12. •ChallengesandOpportunities:ThetransitiontoBRSRreportingposes
challenges,particularlyforsmallercompaniesthatmaylackthe
resourcesorexpertisetocomplywiththenewrequirements.
•However,italsopresentsanopportunityforIndianbusinessesto
enhancetheirreputation,buildstakeholdertrust,andcontributeto
sustainabledevelopment.

13. •TheintroductionoftheBRSRframeworkisaprogressivestep
towardsembeddingsustainabilityinIndianCorporateGovernance.
•BymandatingtransparentanddetailedreportingonESGissues,India
ispositioningitselfasaleaderinResponsibleBusinessPracticeson
theGlobalstage.

14. Conclusion:
•TheintroductionoftheBRSRframeworkisa
progressivesteptowardsembedding
sustainabilityinIndianCorporateGovernance.
•Bymandatingtransparentanddetailed
reportingonESGissues,Indiaispositioning
itselfasaleaderinResponsibleBusiness
PracticesontheGlobalstage.

15. THANKS
•Adv. Abhay Jindal
•[email protected]
•7021113005
•CA. Manmohan Jindal
•Ex-Canara Bank , Social Impact
Assessor -Mumbai
•[email protected]
•8850385224