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NOTICES
Notice No.   20210511-30   Notice Date   11 May 2021
Category   Circulars Listed Companies   Segment   Equity
Subject   Business responsibility and sustainability reporting by listed entities
Attachments   Annexure I.PDF ; Annexure II.PDF ; BRSR reporting by listed entities.pdf ;
Content

Dear Sir\Madam,

 

Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/CFD/CMD-2/P/CIR/2021/562 dated May 10, 2021 regarding business responsibility and sustainability reporting by listed entities.

 

In terms of amendment to regulation 34 (2) (f) of LODR Regulations vide Gazette notification no. SEBI/LAD-NRO/GN/2021/22 dated May 05, 2021, it has now been decided to introduce new reporting requirements on ESG parameters called the Business Responsibility and Sustainability Report (BRSR). The BRSR is accompanied with a guidance note to enable the companies to interpret the scope of disclosures. The format of the BRSR and the guidance note are detailed in Annexure I and Annexure II respectively.

 

The BRSR seeks disclosures from listed entities on their performance against the nine principles of the ‘National Guidelines on Responsible Business Conduct’ (NGBRCs) and reporting under each principle is divided into essential and leadership indicators. The essential indicators are required to be reported on a mandatory basis while the reporting of leadership indicators is on a voluntary basis. Listed entities should endeavor to report the leadership indictors also.

In terms of the aforesaid amendment, with effect from the financial year 2022-2023, filing of BRSR shall be mandatory for the top 1000 listed companies (by market capitalization) and shall replace the existing BRR. Filing of BRSR is voluntary for the financial year 2021-22.

 

The aforesaid SEBI circular is attached for reference.

 

All Listed companies are requested to take note and comply accordingly.  

 

Abhijit Pai 
Dy. General Manager

Listing Compliance 

 

Shyam Bhagirath

Manager

Listing Compliance

 

May 11, 2021