Consider the following statements:The Reserve Bank of India mandates all the listed companies in Ind

Question

Consider the following statements:The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in natureWhich of the statements given above is/are correct?

Accepted Answer

Statement I is not correct: In terms of amendment to regulation 34 (2) (f) of LODR Regulations vide Gazette notification no. SEBI/LAD-NRO/GN/2021/22, SEBI introduced new reporting requirements on ESG parameters called the Business Responsibility and Sustainability Report (BRSR). Statement II is correct: The BRSR is intended towards having quantitative and standardized disclosures on ESG parameters (Environment, Social, Governance) to enable comparability across companies, sectors and time.Such disclosures will be helpful for investors to make better investment decisions.