Chuck Garric

Main Menu

  • Home
  • Output gap
  • Business ethics
  • Pre-market
  • Discount basis
  • Saving investment

Chuck Garric

Header Banner

Chuck Garric

  • Home
  • Output gap
  • Business ethics
  • Pre-market
  • Discount basis
  • Saving investment
Business ethics
Home›Business ethics›India imposes new ESG reporting requirements on top 1,000 listed companies

India imposes new ESG reporting requirements on top 1,000 listed companies

By Paul Gonzalez
June 9, 2021
0
0

On May 10, 2021, the Securities and Exchange Board of India (SEBI) issued a circular implement new reporting requirements related to sustainable development for the top 1,000 listed companies by market capitalization. A new disclosure will be made in the format of the corporate responsibility and sustainability report (BRSR), which is a significant departure from SEBI’s existing corporate responsibility report and an important step towards bringing sustainability reports into line with existing financial reporting standards.

Read on for more details on the disclosure requirements in the new BRSR format.

The new BRSR format is based on the nine principles of the Indian government “National guidelines on responsible business conduct” (the “RBC Guidelines“), which aim to define responsible business conduct for Indian businesses. RBC’s guidelines are based on leading international standards and practices, including United Nations Guiding Principles on Business and Human Rights, United Nations Sustainable Development Goals, the Paris Agreement and the Fundamental ILO Conventions. The principles address a range of sustainability issues, including business ethics and transparency, human rights, environmental safety and fair labor practices.

Reporting for each principle is broken down into core indicators, which are mandatory obligations, and leadership indicators, which operate on a voluntary basis. Some of the main disclosure requirements (under essential or leadership metrics) are presented below:

The new reporting requirements promote transparent and standardized information on ESG parameters and sustainability risks and opportunities among listed companies in India. This approach will help companies to better demonstrate their sustainability goals, position and performance in the market, which will drive long-term value creation and increase the ability of investors to make informed ESG decisions. cause.

BRSR reporting will be voluntary for the 2021-2022 fiscal year and mandatory from the 2022-23 fiscal year for the top 1,000 listed companies by market capitalization. It is about giving companies subject to these requirements sufficient time to adapt to the new requirements. However, companies are encouraged to quickly adopt the BRSR in order to be at the forefront of sustainability reporting. This approach will help companies to better demonstrate their sustainability goals, position and performance in the market, which will drive long-term value creation and increase the ability of investors to make informed ESG decisions. cause.

For more details, please refer to the format of the BRSR report format and related Guidance Note published by SEBI.

Related posts:

  1. Is it okay to ask health care providers if they are vaccinated?
  2. Opinion | Is the Bitcoin craze coming to your 401 (k)?
  3. UK business restructuring following January Brexit deal
  4. Advising new institutional investors: Abdulaziz Hayat welcomes risk averse investors in the VC asset class
  • Privacy Policy
  • Terms and Conditions