SEBI Business Responsibility & Sustainability Report (BRSR)

SEBI Business Responsibility & Sustainability Report (BRSR): mandatory esg and ghg emissions disclosure for india's top 1,000 listed companies, with phased brsr core third-party assurance.

Jurisdiction
Status
active
Category
First deadline
Top 1,000 listed companies filing BRSR since FY 2022-23; BRSR Core assurance phasing in
Who must comply
Applies to India's top 1,000 publicly listed companies by market capitalization, with obligations phased in by market cap. BRSR Core assurance requirements expand progressively from the top 150 companies to all top 1,000 by FY 2026-27.
Penalties
Non-compliance can result in fines up to Rs.25,000 per day of noncompliance, plus suspension of trading, director debarment, and legal liability for material misstatements.

What it is

The Business Responsibility & Sustainability Report (BRSR) is India's mandatory ESG disclosure framework issued by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR). It requires large listed companies to report standardized ESG data alongside financial filings. The enhanced BRSR Core adds a defined set of key metrics subject to third-party assurance, phased in by market capitalization.

Who must comply

India's top 1,000 publicly listed companies by market capitalization must file BRSR. BRSR Core assurance obligations phase in by market cap, starting with the top 150 companies and reaching all top 1,000 by FY 2026-27.

What you must disclose

Companies must disclose Scope 1, 2, and 3 GHG emissions on both absolute and intensity bases, energy and water usage, renewable energy mix, and workforce demographics. Reports require board-level approval and annual XBRL filing with the exchanges.

Timeline

BRSR was introduced in May 2021, with BRSR Core following in July 2023. From FY 2022-23 the top 1,000 listed companies must file BRSR. From FY 2023-24 the top 150 companies report BRSR Core with assessment, expanding to the top 250 in FY 2024-25, the top 500 in FY 2025-26, and all top 1,000 in FY 2026-27.

Stay ahead of this regulation.

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