Business Responsibility and Sustainability Reporting(BRSR)
Elevate your sustainability performance with our Business Responsibility and Sustainability Reporting (BRSR) services. At Wire Consultancy, we specialize in developing customized BRSR strategies that align with global standards and industry best practices. Our team of experts will work closely with your business to identify key sustainability indicators, measure your environmental and social impact.
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Essence of Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility and Sustainability Reporting (BRSR) is a transformative tool that empowers companies to showcase their responsible actions towards employees, customers, and the environment, serving as a testament to their social, governance and environmental performance.
This Business Responsibility and Sustainability Reporting (BRSR) format replaces the Business Responsibility Report (BRR), intertwining financial outcomes with ESG performance, and is recognized by the Ministry of Corporate Affairs (MCA) as a central repository of non-financial sustainability information, fostering accountability, transparency, and standardization across industries.
Benefits through Business Responsibility and Sustainability Reporting (BRSR)
- Enhance Transparency and Trust with stakeholders
- Competitive Advantage and Investor Confidence
- Risk Mitigation and ensure Compliance with sustainability regulations
- Operational Efficiency and encourage innovative solutions
- Employee Engagement and Community Impact
- Strategic Alignment and Long-Term Value creation
Applicability of Business Responsibility and Sustainability Reporting (BRSR)
As per SEBI, Business Responsibility and Sustainability Reporting (BRSR) applies to the top 1000 listed entities based on market capitalization, starting on a voluntary basis for FY 2021-22 and transitioning to mandatory reporting from FY 2022-23.
Moreover, other listed companies beyond the top 1000 and those on the Small and Medium Enterprises (SME) exchange can also voluntarily adopt BRSR starting FY 2021-22.
Foundation of Business Responsibility and Sustainability Reporting (BRSR)
The Business Responsibility and Sustainability Reporting (BRSR) evolves from the extant ‘Business Responsibility Report (BRR)’ and ‘National Guidelines on Responsible Business Conduct (NGRBC) principles’, which, in turn, derive inspiration from the Sustainable Development Goals (SDGs).
Business Responsibility and Sustainability Reporting (BRSR) Disclosures
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