Recently, under the updated SEBI (Listing Obligations and Disclosure Requirements) Regulations, the current Business Responsibility Report (BRR) was announced to be replaced by a more thorough and comprehensive Business Responsibility & Sustainability Report (BRSR). This was intended to be implemented in two stages. The first was to begin voluntarily in FY2021–22, and the second was to become mandatory for the top 1000 companies in India beginning in FY2022-23.
To assist listed entities in understanding the updated disclosure requirements and concepts associated with the new format of the BRSR, the National Stock Exchange of India (NSE), in collaboration with Stakeholder Empowerment Services (SES), has conceptualised 38 sector-specific integrated guides to the BRSR format.
In-depth explanations of each parameter in the format and the purpose of such disclosures are provided in these thorough guides, along with detailed instructions on measuring and reporting such parameters.
Key features include guides for 38 sub-sectors of the Sustainability Accounting Standards Board (SASB), along with a sector-agnostic integrated guide and mapping to SEBI’s Standardized Industry Classification System and five Global Reporting Frameworks (GRI, SDG, TCFD, CDP & SASB). Further, the guidance follows the proprietary SES ESG Model.
Additionally, there is guidance on reporting disclosures for three Steps of Excellence as per NSE:
- Mandatory Disclosures (Essential BRSR Indicators)
- Voluntary Disclosures (Leadership BRSR Indicators)
- Sector-Specific Disclosures (As per Global Best Practices)
Click here to explore the sector-specific guides.