Why Should You Care About BRSR?
BRSR serves as a foundational framework for ESG reporting in India, enabling companies to showcase their dedication to sustainable development and responsible business practices. Investors’ growing focus on sustainability propels the significance of non-financial data in guiding investment choices. Â
With BRSR, enhance your company’s commitment to sustainability and transparency. Embrace this structured approach to ESG reporting that aligns with regulatory standards and builds investor trust and positions your business for long-term, responsible growth.Â
Find out more about the BRSR framework and how you can be prepared for this annual reporting process.Â
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What is BRSR?
Under Business Responsibility and Sustainability Reporting, Indian companies are required to report a variety of sustainability parameters that reflect their commitment to responsible business practices. This includes governance structures that oversee ESG issues, measures taken towards environmental conservation, social welfare activities undertaken for communities and employees, as well as performance against national and international sustainability standards.
BRSR is a complement to internationally recognized reporting frameworks:
- Global Reporting Initiative (GRI)
- Sustainability Accounting Standards Board (SASB)
- Task Force on Climate-Related Financial Disclosures (TCFD).
The BRSR provides a uniform ESG disclosure standard for Indian corporations, integrating these reports with their annual financial performance statements, thus ensuring a transparent presentation of both financial and non-financial aspects of corporate performance to stakeholders.
What is BRSR Core and Why was it Introduced?
How is BRSR Structured?
There are three sections in the reporting questionnaire– Sections A, B, and C. It consists of 150 questions, with the majority being mandatory.
Section A: General Disclosure:
- Listed entity
- Products/Services
- Operations
- Holding, Subsidiary and Associate Companies
- CSR Details
- Transparency & Disclosure
Section B: Management & Process Disclosures:
- Policy and management disclosures
- Governance
- Leadership and oversight
- Holding, Subsidiary and Associate Companies
- CSR Details
- Transparency & Disclosure
Section C: Principal-Wise Performance Disclosures​
- Report on KPIs according to the NGRBC principles
Which Companies Should File BRSR Core?
FAQ's
It covers areas such as business ethics, human rights, social responsibility, environment sustainability, and stakeholder engagement.
BRSR requires more standardized disclosures with a focus on quantitative metrics and is legally mandated for certain companies in India.
Yes, investors use this information to assess a company’s sustainability practices which can influence investment decisions.
Yes, companies not among the top thousand listed entities, and those with specified securities on the SME Exchange, can voluntarily submit the Business Responsibility and Sustainability Report (BRSR).
BRSR should be submitted in PDF and XBRL mandatorily.
Need not be. The Board of the listed entity shall ensure that the assurance provider appointed for assuring the BRSR Core has the necessary expertise for undertaking reasonable assurance in sustainability.
While specific penalties for non-compliance with BRSR have not been detailed by SEBI, companies can face reputational damage and investor scrutiny.
How Can Benchmark Gensuite Help?
A Team of Experts, Uniquely Qualified to Support You
Our qualified team includes experts in Sustainability Management, ESG Reporting, Data Management, specialist SMEs, and technology. Partner with us to gain clear insights into your program’s performance and identify areas for improvement in your sustainability and ESG initiatives.
A Streamlined BRSR Compliance Program​
Ensure compliance with Benchmark Gensuite’s BRSR-ready solution. Tailored for efficient sustainability and ESG data management in line with the BRSR framework, our platform guarantees that your data is instantly accessible and auditable. Partner with us to produce reports suitable for corporate governance as well as compliance audits, offering you assurance and control over your sustainability reporting.
A BRSR Readiness Assessment
Our proprietary BRSR Readiness Assessment identifies your organization’s strengths and areas for improvement in preparing for BRSR. With our technology and support, we’ll guide you to be ready for 2025 and beyond. Schedule a call with us, and we’ll help you build a tailored Readiness Assessment for your company and provide guidance on the next steps.
