ESG reporting is a process of disclosing a company’s performance and impact on environmental, social, and governance (ESG) issues. BRSR, or the Business Responsibility and Sustainability Reporting, is an initiative launched by the Securities and Exchange Board of India (SEBI) in 2021, which aims to encourage companies to voluntarily report their ESG performance. Under BRSR, companies are required to disclose their ESG-related risks and opportunities, as well as their management approaches and performance in areas such as climate change, human rights, labor practices, biodiversity, and anti-corruption.
BRSR is based on the core principles of National Guidelines for Responsible Business Conduct’ (NGRBCs) and Sustainable Development Goals (SDGs). NGRBC guidelines provide a framework for businesses to integrate social, environmental and ethical concerns into their operations and core strategies. The NGRBCs cover several areas of business conduct, including human rights, labour rights, environmental sustainability, consumer protection and anti-corruption