Developing a mandatory sustainability reporting model for Indian companies

The Sustainability Reporting Standard Board under the Institute of Chartered Accountants of India wants to develop a single BRSR reporting format for all non-financial disclosures and align it with the global trends.

Comprehensive and comparable disclosures by Indian companies will encourage all businesses – private, public and non-profit - towards responsible and sustainable activities. Greater businesses impact on the environment and society will assist India to achieve the Sustainable Development Goals (SDGs) at a higher speed.

Overall, the higher applicability of the Business Responsibility and Sustainability Report will make businesses more socially responsible which will not only allow them to generate financial benefits through their sustainable activities but also contribute towards the sustainable development goals. 

The Sustainability Reporting Maturity Model V 1.0 developed by our research team, allows the Indian companies to apply a standardized international scale and allows the rating agencies and assurance providers to compare the sustainable nature of the Indian companies with other international companies.

A scoring mechanism, comprised of a total of 300 points, facilitates the conversion of qualitative information to measurable and machine-readable quantitative data and provides a “comparability index”. 

The Business Responsibility and Sustainability Report (BRSR) is mandated by the Securities and Exchange Board of India (SEBI) for the top 1000 listed companies (by market capitalization) with effect from the financial year 2022-2023. 

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Related Research Group(s)

Accounting and Auditing - Investigating current issues in accounting that include financial reporting, assurance, corporate governance, corporate social responsibility and business models in large and small business entities

Project last modified 12/10/2023