The sustainability world is abuzz with excite-ment. Environmental, Social, and Governane (ESG) factors have been gaining global prominence as indicators of a company’s business practices and impact on society. The world’s best-governed companies have embraced sustainability as a business imperative, integrating ESG within their mission and purpose. Over the past decade, several Indian businesses have adopted ESG, and many more are being urged to ensure ESG integration. An increasing number of companies are reporting their carbon emissions in their sustainability reports. Regulatory bodies play a crucial role in this regard. SEBI, the securities market regulator, introduced the voluntary reporting Business Responsibility Report (BRR) framework in 2012 among publicly listed companies and a more detailed Business Responsibility and Sustainability Report (BRSR) framework in 2021.
During FY23, SEBI has made it mandatory for India’s top 1,000 listed companies to file BRSR. SEBI encourages companies to conduct a materiality assessment to identify ESG factors most relevant to their business operations. The nine principles of NGRBC National Guidelines of Responsible Business Con-duct) align in the BRSR report. Addressing challenges such as resource constraints in adapting to new stan-dards, businesses have moved forward to achieve cost savings, improved brand value, and enhanced resilience against emerging risks.
Please click here or refer to the below document to read the full article by Amit Kapur and Vishnu Sudarsan, published in Business India Magazine.
Amit Kapur is a Partner with JSA since 2000. He has anchored the Firm’s Infrastructure practice since 1997 with focus on infrastructure sectors. Having served as Senior Partner of JSA since 01.04.2017, on 01.01.2019, Amit assumed office as the Joint Managing Partner of the Firm.