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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. 

Meet the Principal Investigator(s) for the project

Dr Monomita Nandy - Dr Monomita Nandy is a Reader in Accounting and Finance and Director of Internationalization at Brunel Business School, Brunel University London, U.K. She has completed her two PhDs from the University of Calcutta, India, and the University of  Rome Torvergata, Italy. She worked as visiting research fellow at Lally Business School, New York and Radboud University, Holland. Before joining Brunel University, she taught at different universities in India and Surrey University, UK, where she got awarded for her innovative and technology-led teaching. She is interested in interdisciplinary research and  technological advancement in emerging issues in Corporate Finance, Accounting  and banking. Her research works are published in international peer-reviewed journals like IJFE, JBE, TIJA BSE and others. She is involved in editorial and review activities of international journals, and regularly she presents her research work at leading conferences in Business and Management. Her research evidence is valued by the UK parliament, Sustainability Board in India, St James Entrepreneur Club London, Small Business Charter in the UK, Chartered Institute of Taxation in England. Monomita conducts research of policy relevance and shares her research expertise by participating in the consultation initiated by the  FRC, EU Commission, HMRC and her works draw attention from Media.  She is the co-chair of the South-East group of the British Accounting and Finance Association. Her research attracts external funding, her university student-industry collaboration is appreciated by the London Chamber of Commerce and her research collaboration with local business is highly appreciated by business and local authority and her research generates a considerable amount of social aid that support the sustainable growth of the economy with a long-term socio-economic impact.

Related Research Group(s)

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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

Partnering with confidence

Organisations interested in our research can partner with us with confidence backed by an external and independent benchmark: The Knowledge Exchange Framework. Read more.

Project last modified 11/03/2022