The Securities and Exchange Board of India (SEBI), India was one of the early adopters of sustainability reporting for listed entities amongst its global peers. In 2012 filing of the BRR containing ESG disclosures was required as a part of the Annual Report for top 100 listed entities.
In March 2021, SEBI introduced BRSR for the top 1000 listed companies. This shall be a voluntary requirement for FY 2021-2022, however soon it will become mandatory from FY 2022-23.
The new BRSR shall replace the existing BRR and is expected to bring in a greater transparency and enable market participants to identify and assess sustainability related risks and opportunities.
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