Business Responsibility and Sustainability Reporting (BRSR):-
September 22, 2023 2023-09-22 11:16Business Responsibility and Sustainability Reporting (BRSR):-
Business Responsibility and Sustainability Reporting (BRSR):-
✅The BRSR framework is a mandatory disclosure mechanism for the top 1000 listed companies or businesses to report their performance on environmental, social, & governance (ESG) aspects.
✅It demonstrates their commitment to responsible business practices.
✅It will be applicable to the top 1000 listed entities (by market capitalization), for reporting on a voluntary basis for FY 2021 – 22 and on a mandatory basis from FY 2022 – 23.
It includes:
✅Sustainability Reporting: disclosure and communication of environmental, social, and governance (ESG) goals.
✅Environmental criteria: consider how a company performs as a steward of nature.
✅Social criteria: examine how it manages relationships with employees, suppliers, customers, and the communities where it operates.
✅Governance: deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.