Securities and Exchange Board of India (SEBI) has issued a circular containing the requirements of Business Responsibility and Sustainability Report(BRSR).
The decision was taken at SEBI Board meeting on 25thMarch 2021 to introduce a new business responsibility and sustainability reporting requirement.
Accordingly, the reporting requirements were finalised based on public feedback along with internationally accepted disclosure frameworks.
Further, the BRSR shall be applicable to the top 1000 listed entities. In order to give time to companies to adopt the new requirements, the reporting of BRSR shall be voluntary for F.Y. 2021-21, however, mandatory from F.Y. 2022-23.