Business Responsibility and Sustainability Reporting, or BRSR, is not just a compliance checklist; it is India’s standardized and structured approach to incorporating ESG principles into corporate reporting, thereby enhancing credibility, comparability, and transparency of business accountability. Introduced and mandated by the Securities and Exchange Board of India (SEBI) in 2021, BRSR is a mandatory ESG disclosure framework for the top 1000 listed companies in terms of market capitalization. It requires these companies to reveal their ESG performance, emphasizing responsible business practices, environmental stewardship, social responsibility, and transparent governance, therefore making it easier for investors, regulators, and consumers to evaluate a business’s non-financial performance. Simply put, BRSR reporting facilitates companies to make a shift from narratives to numbers as well as claims to commitment. It is interesting to note that BRSR is an evolved version of the previous Business Responsibility Report (BRR) framework, which was introduced by SEBI in 2012 and was in line with voluntary guidelines that were first released in 2009 and later refined in 2011 by India’s Ministry of Corporate Affairs. However, BRR came with its own flaws, such as limited guidance on metrics and lack of standardization. To bridge the gaps and align the Indian ESG disclosures with global standards like the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Task Force on Climate-Related Financial Disclosures (TCFD), SEBI came up with the BRSR framework in 2021, which is based on the National Guidelines on Responsible Business Conduct (NGRBC) and came into effect in 2023.
Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
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Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
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Due to the increased acidity of the ocean, the ocean chemistry experiences massive changes that adversely affect not just aquatic beings but also the human population.
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Abhigyan Gupta
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The Business Responsibility and Sustainability Reporting (BRSR) framework is India’s standardized ESG disclosure system designed to enhance credibility, comparability, and transparency in corporate reporting. It is based on the National Guidelines on Responsible Business Conduct (NGRBC) and aligns with global standards like GRI, SASB, and TCFD.
BRSR reporting requires the top 1000 listed companies in India by market capitalization to disclose their ESG performance, covering environmental impact, social responsibility, and governance practices. It shifts reporting from broad narratives to measurable data, making businesses more accountable and transparent.
The Securities and Exchange Board of India (SEBI) introduced and mandated BRSR in 2021 for the top 1000 listed companies.
BRSR Core is an updated version of the framework that introduces industry-specific standards and standardized metrics for emissions, energy, water, and waste. It emphasizes consistent, comparable ESG disclosures and includes new requirements like value chain reporting and green credit disclosures.
No, ESG is a global concept referring to Environmental, Social, and Governance factors that measure a company’s sustainability performance, while BRSR is India’s regulatory framework for ESG reporting, providing a structured and mandatory disclosure format for Indian companies.
