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ARTICLE · 09 MAY 2024

Market Intelligence Thought Leadership Award Winner

Decoding BRSR Disclosures For FY 23-24 Onwards

Dhir & Dhir Associates
Dhir & Dhir Associates
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Dhir & Dhir Associates

Dhir & Dhir Associates

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In recent times, the world has recognized the urgency of addressing climate change and embracing sustainable development.

IndiaGovernment, Public Sector
Sonal Verma
Sonal Verma
Anshita Agarwal
Anshita Agarwal
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1. EVOLUTION OF SUSTAINABILITY REPORTING IN INDIA

In recent times, the world has recognized the urgency of addressing climate change and embracing sustainable development. Companies are now carefully examined in the capital markets, where their social standing is directly linked to financial performance. Investors in particular, are looking for environmental, social, and governance indicators to identify companies that are not only financially sound but also align with their ethical standards. The shift towards sustainable investment is becoming increasingly pronounced among investors.

Responding to the need for a robust framework for sustainability reporting in India, the Securities and Exchange Board of India introduced the Business Responsibility Report in 2012. This was replaced by the more comprehensive Business Responsibility and Sustainability Reporting (BRSR) in 2021, to keep up with evolving global ESG standards.

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