brsr Reporting Or business Responsibility And Sustainability Reporting Is A Transformative Tool That Empowers Companies To Showcase Their Responsible Actions Towards Employees, Customers, And The Environment, Serving As A Testament To Their Social, Governance And Environmental Performance.
What is BRSR Reporting?
BRSR Reporting or Business Responsibility and Sustainability Reporting is a transformative tool that empowers companies to showcase their responsible actions towards employees, customers, and the environment, serving as a testament to their social, governance and environmental performance.
This Business Responsibility and Sustainability Reporting (BRSR) format replaces the Business Responsibility Report (BRR), intertwining financial outcomes with ESG performance, and is recognized by the Ministry of Corporate Affairs (MCA) as a central repository of non-financial sustainability information, fostering accountability, transparency, and standardization across industries.
Benefits through BRSR Reporting are:
Applicability of BRSR Reporting
As per SEBI, BRSR Reporting applies to the top 1000 listed entities based on market capitalization, starting on a voluntary basis for FY 2021-22 and transitioning to mandatory reporting from FY 2022-23.
Moreover, other listed companies beyond the top 1000 and those on the Small and Medium Enterprises (SME) exchange can also voluntarily adopt BRSR starting FY 2021-22.
Foundation of Business Responsibility and Sustainability Reporting (BRSR)
The Business Responsibility and Sustainability Reporting (BRSR) evolves from the extant ‘Business Responsibility Report (BRR)’ and ‘National Guidelines on Responsible Business Conduct (NGRBC) principles’, which, in turn, derive inspiration from the Sustainable Development Goals (SDGs).
Business Responsibility and Sustainability Reporting Disclosures
The BRSR Disclosures serve as the core of your organization’s ESG narrative, offering a structured framework to report on key non-financial parameters. These disclosures cover environmental, social, and governance (ESG) aspects and are designed to help stakeholders evaluate a company’s sustainability practices and long-term value creation.
At Bhagirathi Energy, we assist businesses in preparing clear, accurate, and compliant BRSR disclosures aligned with SEBI’s prescribed format. Our approach ensures that each disclosure reflects your company’s real impact and commitment toward responsible business conduct.