The Securities and Exchange Board of India (SEBI) has played a pivotal role in advancing business responsibility and sustainability reporting. Starting in 2012, SEBI mandated the top 500 listed companies by market capitalization to file Business Responsibility Reports (BRRs), which was extended to the top 1000 companies. The new Business Responsibility and Sustainability Reporting (BRSR) format became mandatory for these companies from FY 2022-23 onwards. SEBI has also introduced the BRSR Core, which focuses on a set of critical KPIs requiring third-party assurance, starting with the top 150 listed companies in FY 2023-24 and expanding to the top 1000 by FY 2026-27. Additionally, ESG disclosures covering the value chains of the top 250 listed companies will begin voluntarily from FY 2025-26, with optional assurance from FY 2026-27. These measures apply to both public and private sector entities.
SEBI’s ESG & BRSR Mandate for Listed Companies
