BRSR – India’s ESG Reporting tool Trends and Challenges to Watch
The BRSR framework was introduced in 2018 as part of the Securities and Exchange Board of India’s (SEBI) efforts to enhance the quality of ESG disclosures by companies.
The BRSR framework was introduced in 2018 as part of the Securities and Exchange Board of India’s (SEBI) efforts to enhance the quality of ESG disclosures by companies.
Through its materiality assessment process, Infosys has identified the following ESG issues as most material to its business: climate change and energy efficiency, data privacy and cybersecurity, responsible sourcing and procurement, and employee well being and diversity.
“Sustainability is not just a concept or a department in an organization anymore. It is integral to yourculture and a way of life. When you want to be two steps ahead, you need the conviction of everyone in the organization.” -Suraj BahirwaniPresident and Global Sales… Read More »Teamwork Makes the Dream Work: Corporate Sustainability as a Collaborative Endeavour
Amidst the trying economic and social happenings of the past 2 years, it has become more pertinent than ever to build resilient communities that minimize the damage caused by such circumstances. Sustainable practices can cater to that need by fortifying the foundations of individual organizations as well as overall communities. It is therefore important to adopt sustainable practices and contribute to the development of stronger national and global ecosystems.
BRSR disclosure is a mandatory “regulation” in India. With the expectation of accountability and transparency , it puts intense pressure on the CEO and the Board Leadership to understand and address the sustainability challneges and opportunities for their busiess.
The recent Companies (Accounts) Amendment Rules (2022) sheds light on the details of the CSR committee and board decisions on CSR Projects. Every company covered under the provisions of sub-section (1) of section 135 of the amendment are required to furnish a report on their CSR activities in Form CSR-2, which can be accessed here.