Securities and Exchange Board of India (SEBI) came out with a new report, Business Responsibility and Sustainability Report (BRSR). The disclosure requirements under business responsibility and sustainability reporting will be applicable on the top 1,000 listed entities by market capitalisation.
The social related disclosures will cover workforce, consumers, value chain and communities, whereas, resource usage, green-house emissions, waste generation, etc are covered under environment related disclosures. The disclosure requirements will facilitate greater transparency and enable market participants to identify and assess sustainability-related risks and opportunities.
The report will replace the existing Business Responsibility Report (BRR).
Source: Economic Times