SEBI introduces certain key changes in BRSR reporting

This issue of First Notes aims to provide an overview of the key aspects discussed key changes in BRSR reporting issued by SEBI

event 23 Dec, 2024

SEBI proposes amendments to BRSR Core assurance and value chain requirements

Background

The Securities and Exchange Board of India (SEBI), under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the LODR Regulations��) mandates the top 1,000 listed entities in India to prepare the Business Responsibility and Sustainability Reporting (BRSR).

On 12 July 2023, SEBI issued the framework for the disclosure and assurance requirements for BRSR Core, ESG disclosures for value chain and assurance requirements. Further, in May 2024, the Expert Committee for facilitating ease of doing business, made certain important recommendations in relation to BRSR.

New development

SEBI, in its board meeting dated 18 December 2024 approved certain decisions (based on recommendations of the Expert Committee) relating to BRSR. Additionally, SEBI, vide a circular dated 20 December 2024, issued the Industry Standards on Reporting of BRSR Core (‘the Industry Standards��). These standards aim to facilitate the standardisation and ease of implementation of BRSR Core disclosures under the SEBI LODR Regulations.

This issue of First Notes aims to provide an overview of the key changes introduced by SEBI in BRSR reporting.