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ARTICLE · 18 NOVEMBER 2015

Format For Business Responsibility Report Under New Listing Regulations

The BRR Circular ensures that listed entities are made responsible not only to their investors and customers but to their employees and the environment, by incorporating policies for the well-being of the same.

IndiaCorporate/Commercial Law
Agram Legal Consultants
Agram Legal Consultants

In an endeavor to make listed entities more responsible to issues relating to the environment, elements of public interest and their economic responsibilities, the SEBI has issued the prescribed format for a Business Responsibility Report ("BRR") by a circular on November, 4, 2015 ("BRR Circular"). As per the provisions of the Listing Regulations, the annual report of a listed entity will have to contain the BRR, which will contain disclosures/details, describing the initiatives taken by the listed entity from an environmental, social and governance perspective. The BRR Circular contains comprehensive principles to be adopted by listed companies as part of their business practices and a structured business responsibility reporting format and accordingly the listed entity will be assessed regarding the compliances. Key features of the BRR Circular are summarised below:

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