On May 11, 2021 The Economic Times reported: “Regulator Sebi on Monday came out with disclosure requirements under business responsibility and sustainability reporting, covering environmental, social and governance perspectives, which will be applicable on the top 1,000 listed entities by market capitalisation.
The new report — Business Responsibility and Sustainability Report (BRSR)– will replace the existing Business Responsibility Report (BRR).
The move is expected to bring in greater transparency and enable market participants to identify and assess sustainability-related risks and opportunities, Sebi said in a statement.
Under BRSR, listed entities need to disclose about an overview of the entity’s material ESG (environmental, social and governance) risks and opportunities, approach to mitigate or adapt to the risks along with financial implications of the same.”
You may read the article on The Economic Times website.