Business Responsibility and Sustainability Report
India's mandatory ESG disclosure framework for the top 1,000 listed entities by market capitalisation. BRSR Core — a subset of nine attributes — requires limited assurance from FY27.
SEBI confirmed that limited assurance on the nine BRSR Core attributes will be mandatory for all Top 1,000 listed entities from FY27 onwards, closing a previously voluntary path that had let smaller listed cos defer assurance to FY28. The clarification also pins down what 'limited assurance' means in the Indian context, aligning with ISAE 3000 (revised).
SEBI introduced a phased extension of BRSR Core disclosures to value-chain partners contributing more than 2% of purchases or sales. The first cohort — partners above 5% — files alongside the parent listed entity from FY27.
A voluntary BRSR Lite format — a reduced-form filing for unlisted companies and SMEs — was put up for consultation. The standard borrows the nine attributes of BRSR Core but reduces evidence requirements and removes the assurance overlay.
SEBI introduced BRSR Core — nine 'key performance indicators' (KPIs) carved out of the wider BRSR — and made them subject to mandatory assurance. The carve-out targets the disclosures most exposed to greenwashing risk: GHG, water, energy, waste, and a small number of social KPIs.
The Business Responsibility and Sustainability Report — voluntary the year prior — became a mandatory annual filing for the Top 1,000 listed entities by market capitalisation. Replaced the older Business Responsibility Report (BRR) for in-scope companies.
SEBI introduced the BRSR as a voluntary disclosure framework for the year, replacing the long-standing BRR with a more granular and quantitative format. Aligned with the National Voluntary Guidelines and India's commitments under the Paris Agreement.
SEBI introduced the Business Responsibility Report (BRR) for the Top 100 listed entities by market cap. The format covered nine NVG-aligned principles and laid the foundation that BRSR would later modernise.