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Speaker: CA S.Sundar, Partner at FinYes Consulting
Presentation:
Globally, the movement to disclose Environment, Social and Governance (ESG) aim to hold companies accountable to identify their ESG responsibilities is gaining ground.
In line with these developments, the Securities and Exchange Board of India (SEBI) introduced new requirements for sustainability reporting by the top 1000 listed companies (by market capitalisation) for reporting from FY2022-23.
The new reporting format named, Business Responsibility and Sustainability Report (BRSR), aims to establish links between the financial results of a business with its ESG performance and is a compliance and communication mandate for a company's non-financial disclosures.
The BRSR report intends to enable investors and stakeholders make fair estimates of the overall business stability, growth and sustainability (hitherto based on financial disclosures alone).