Security Exchange Board of India (SEBI) has conducted a meeting on Business Responsibility and Sustainability Reporting (BRSR). Chaired by Shri. Ajay Tyagi, Chairman, SEBI, it was conducted in addition to public consultation to gather views of stakeholders prior to finalization of the formats on BRSR.
The discussions in meeting centred around enhancing key environment, social and governance disclosures. Such disclosures are of importance to both investors and other stakeholders.
It was attended by senior-level participants from the industry, comprising of MD / CEOs, CFOs, along-with representatives from industry bodies (FICCI / CII / ASSOCHAM) and the fund management industry. The participants represented diverse sectors, including pharmaceutical, chemicals, textiles, power, aviation, consumer goods, IT, financial services, etc.
In concluding remarks, Chairman, SEBI stated that ‘our effort will be to finalise the new disclosure requirements for sustainability reporting, keeping in mind a balance between the Indian context, our national priorities and preparedness, with global relevance.’