Professional Documents
Culture Documents
and Corporate
governance (ESG)
BUSINESS
RESPONSIBILITY AND
SUSTAINABILITY
REPORT (BRSR)
Tanushi Gupta
N20232005
4 JULY 2023
ENVIRONMENTAL, SOCIAL, AND CORPORATE
GOVERNANCE (ESG)
ENVIRONMENTAL ASPECTS
Data is reported on climate change,
greenhouse gas emissions, biodiversity loss.
SOCIAL ASPECTS
Reports include information on
worker health and safety, working
conditions, equity and diversity,
conflicts, and humanitarian crises.
GOVERNANCE ASPECTS
Information on corporate governance,
including measures to avoid bribery
and corruption, diversity on the board
of directors, and management
structure, is provided.
BUSINESS RESPONSIBILITY &
SUSTAINABILITY REPORT (BRSR)
Recent years have seen a rise in the importance
of equitable growth, transitioning to a
sustainable economy, and adapting to and
reducing the effects of climate change.
Investors and other stakeholders are putting
more emphasis on finding companies that are
sustainable and accountable to society and the
environment.
The BRR, which came before the present
Business Responsibility and Sustainability
Reporting (BRSR) system, is India's first
Environmental, Social, and Governance (ESG)
regulatory disclosure framework.
As of May 10, 2021, SEBI (Securities and
Exchange Board of India) listing obligations and
disclosure requirements require the filing of
business responsibility and sustainability
reports (BRSR).
BUSINESS RESPONSIBILITY AND
SUSTAINABILITY REPORTING (BRSR) PRINCIPLE
– WISE PERFORMANCE DISCLOSURE
Q
DELOITTE
BUSINESS RESPONSIBILITY AND SUSTAINABILITY
REPORT
1. Disclosure requirements have leapfrogged globally in the last
decade, holding companies accountable for their identification of
Environment, Social and Governance (ESG) responsibilities and
their transparent incorporation in annual disclosures. The
concept of materiality has helped businesses identify material
products and/or services with bearings on their long-term
sustainable growth in a globally competitive market
2. SEBI has mandated that the BRSR will be applicable to the
top 1,000 listed entities (by market capitalization) for reporting
on a voluntary basis for FY2021–22 and on a mandatory basis
from FY2022–23.
3. The new reporting format named, Business Responsibility and
Sustainability report (BRSR), aims to establish links between the
financial results of a business with its ESG performance.
BUSINESS RESPONSIBILTY REPORT (BRR) VS. BUSINESS
RESPONSIBILTY AND SUSTAINABILITY REPORTING
(BRSR)
What changed?
Act and govern in a way that upholds
accountability, ethics, and transparency.
Encourage each employee's overall health.
Respect and promote human rights.
Uphold and advance human rights.
Be responsible while attempting to influence
governmental and regulatory policy.
Interact with and benefit their clients in a
responsible way.
Offer products and services that are secure and
promote sustainability over the course of their
entire lifecycles.
Take steps to preserve, respect, and repair the
environment.
Encourage inclusive development and fair
growth.
Brsr : the business advantages
INCREASED VALUE
CREATION Access to markets and
A few international studies increased market share:
have found that ESG- Several businesses have
integrated businesses started to realise that making
outperform their competitors. investments in social and
The MSCI India ESG Leader's environmental issues would
index regularly outperformed not only enhance their own
the overall market as
business continuity but will
represented by the MSCI India
IMI index over a 12-year period, also provide them an
demonstrating that the same is advantage over competitors
true for India. and customers, as well as
open up new markets.