BRSR filings: Not mere disclosures

It should be used to improve ESG parameters, analyse vulnerability, and build appropriate tools for supervision and regulation

The current year marks the first year of mandatory reporting under the Business Responsibility and Sustainability Report (BRSR) for India’s top 1,000 listed companies by market cap. This was a significant decision made by the Securities and Exchange Board of India (Sebi) in 2021, in line with the global thinking on sustainability reporting by corporations. 

The BRSR framework is based on nine principles under the national guidelines on responsible business conduct (NGRBC). It is a broad concept encompassing various environmental, social and governance (ESG) attributes while prescribing detailed reporting formats. With a view to focusing on important sustainability parameters and