Business Responsibility and Sustainability Reporting (BRSR)
SEBI vide Circular no. CIR/CFD/CMD/10/2015 dated November 04, 2015, has prescribed the format for the Business Responsibility Report (BRR)in respect of reporting on ESG(Environment, Social and Governance) parameters by listed entities.
The BRSR seeks disclosures from listed entities on their performance against the nine principles of the ‘National Guidelines on Responsible Business Conduct (NGBRCs)and reporting under each principle is divided into essential and leadership indicators
The listed entities are already preparing and disclosing sustainability reports based on internationally accepted reporting frameworks (such as GRI, SASB, TCFD or Integrated Reporting) may cross-reference the disclosures made under such framework to the disclosures sought under the BRSR.
The purpose of BRSR is to link financial reporting with its overall ESG goals and objectives.
How can Riskpro help?
Riskpro can perform a BRSR disclosure readiness review to help in identifying and fulfilling deficiencies. Normally, companies will comply with BRR. So, that generally takes care of half of the BRSR goals.
The focus of the review is to see the implementation of essential indicators across the 9 principles.
Steps in Readiness Review
- To conduct an audit of where exactly the company is as of now on the readiness of BRSR
- To build capacities (wherever required) by training, and creating formats, systems, processes, and software for data collation and analysis
- Handholding in drafting the BRSR report
- Peer analysis and crafting a way forward in our journey to become a socially responsible company
Contact
Please contact us at info@riskpro.in to get the readiness review for BRSR.