SEBI Business Responsibility & Sustainability Report (BRSR)

This policy applies to business that meet the following criteria.

Region

India

Industries

Construction and Real Estate|||Energy and Utilities|||Financial Services|||Healthcare and Pharmaceuticals|||Hospitality and Tourism|||Manufacturing|||Mining and Resources|||Public Sector and Non-Profits|||Retail and Consumer Goods|||Technology and Telecommunications|||Transportation and Logistics

Revenue

N/A

Assets

N/A

Size

N/A

Status

Public

Required

Yes (with phased timelines by group)

Wondering if India’s SEBI BRSR or BRSR Core standards apply to your company?

Enter your work email to check eligibility and receive a tailored ESG reporting roadmap.

Get started

Overview of SEBI

Introduced: May 2021 (BRSR); July 2023 (BRSR Core)
Effective from: FY 2022-23 (BRSR); FY 2023-24 onward (BRSR Core)
Last modified: April 2024 (clarifications on assessment requirements)
Region(s): India

About

India’s Securities and Exchange Board (SEBI) has instituted one of the most detailed ESG disclosure regimes in the Global South, replacing the Business Responsibility Report (BRR) with the SEBI Business Responsibility & Sustainability Report (BRSR).

BRSR mandates comprehensive ESG data reporting from India’s top 1,000 listed companies. In 2023, SEBI introduced the BRSR Core, a refined subset of 49 Key Performance Indicators (KPIs) focused on measurable climate and social metrics—including absolute and intensity-based GHG emissions, renewable energy share, water use, and gender diversity.

The BRSR Core also establishes a glide path for mandatory third-party assessment, beginning with India’s 150 largest companies and expanding to cover the top 1,000 listed firms by FY 2026-27. The objective: improve ESG data credibility, inform investor decision-making, and support India’s commitments to net-zero by 2070.

Criteria for compliance

Compliance is based on a phased rollout according to company market capitalization:

In FY 2022-23: All top 1,000 listed companies must file the BRSR (no assessment required)
In FY 2023-24: The top 150 companies are required to report BRSR Core disclosures with assessment
In FY 2024-25: Applies to the top 250 companies
In FY 2025-26: Expands to the top 500 companies
In FY 2026-27: All top 1,000 companies must file BRSR Core with assessment

Disclosure requirements

All companies must include BRSR disclosures in their annual report (Form MGT-7) and file in XBRL format with SEBI.

BRSR (Base Framework)

Covers general ESG performance, including environmental data (energy, emissions, water, waste), workforce and community impact, board and management policies, and business conduct.

BRSR Core

Scope 1, 2, and 3 GHG emissions (absolute and intensity-based)
Energy usage and renewable energy mix
Water usage and waste management
Social indicators such as workforce size, gender ratio, inclusivity efforts, and training
Climate risk narrative aligned with TCFD (voluntary for now)
Partial supply chain emissions disclosure for top 250 companies under a “comply or explain” basis

Key obligations

Disclose BRSR or BRSR Core data annually, embedded in the company’s annual report
Submit machine-readable (XBRL) filings to exchanges
Ensure board-level approval
For top 250 companies, disclose relevant value-chain emissions or explain omissions

Third-party assessment

Companies subject to the BRSR Core must obtain an assessment on the 49 KPIs, performed by either their statutory auditor or an SEBI-accredited assessment provider. SEBI is currently reviewing whether to require an assessment for upstream/downstream emissions data in future BRSR Core iterations, post–2026.