Business responsibility and sustainability reporting

• Indian Institute of Corporate Affairs (IICA), organised a workshop on Business Responsibility and Sustainability Reporting (BRSR) in collaboration with UNICEF and National Stock Exchange at the NSE premises in Mumbai.

ABOUT BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORTING (BRSR) FRAMEWORK

• The Business Responsibility and Sustainability Reporting (BRSR) framework was introduced by SEBI in 2021.
• The framework is a mandatory disclosure mechanism for top 1000 listed companies or businesses to report their performance on environmental, social and governance (ESG) aspects and demonstrate their commitment to responsible business practices.
• The framework is based on the nine principles of the National Guidelines for Responsible Business Conduct (NGRBC) which are:
  • PRINCIPLE 1. Businesses should conduct and govern themselves with integrity, and in a manner that is Ethical, Transparent and Accountable
  • PRINCIPLE 2. Businesses should provide goods and services in a manner that is sustainable and safe
  • PRINCIPLE 3. Businesses should respect and promote the well-being of all employees, including those in their value chains
  • PRINCIPLE 4. Businesses should respect the interests of and be responsive to all its stakeholders
  • PRINCIPLE 5. Businesses should respect and promote human rights
  • PRINCIPLE 6. Businesses should respect and make efforts to protect and restore the environment
  • PRINCIPLE 7. Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent
  • PRINCIPLE 8. Businesses should promote inclusive growth and equitable development
  • PRINCIPLE 9. Businesses should engage with and provide value to their consumers in a responsible manner