In 2021, the Securities and Exchange Board of India (SEBI) introduced the Business Responsibility & Sustainability Report (BRSR).
BRSR will replace Business Responsibility Reporting (BRR).
BRSR is a standardized reporting format that will give a baseline to draw a comparison between Environmental, Social, and Governance (ESG) goals across companies and sectors.
BRSR seeks disclosures from listed entities on their performance against the 9 principles of the ‘National Guidelines on Responsible Business Conduct (NGBRCs).’