SEBI Business Responsibility and Sustainability Reporting (BRSR) Format

10 August 2020

Following the NGRBC, this puts forth a standard reporting format that is easy to incorporate and evaluate. Such reporting has a strong business case for the business itself, civil society and for investors who increasingly engage in sustainable finance.

Focus: Environmental, Social, and Governance
Publishing date: August 2020
Version: Draft
Voluntary / Mandatory: Voluntary for FY 2020-21, Mandatory for FY 2021-22 (top 1000 listed companies)

Relevance to investor:
Standardised Responsible Business Reporting helps Sustainable Finance investors evaluate businesses holistically on all facets of Sustainability in line with global standards. It also allows for comparison of businesses on the same reporting parameters.
Predecessor policies / frameworks:

  • National Voluntary Guidelines on the Social, Environmental and Economic Responsibilities of Business (NVGs), 2011
  • BRR 2012


  • Align NVGs with global concerns--Sustainable Development Goals (SDGs), and the United Nations Guiding Principles on Business & Human Rights (UNGPs)
  • Present a standard business responsibility reporting format based on the framework of NGRBC
  • Enable businesses to engage more meaningfully with their stakeholders, and encourage them to go beyond regulatory financial compliance and report on their social and environmental impacts

Institution behind the policy / framework:
Securities and Exchange Board of India (SEBI), GoI

Target users:
Top 1000 enlisted companies, All Indian businesses

Components of the policy / framework:

Principle 1: Businesses should conduct and govern themselves with integrity in a manner that is Ethical, Transparent and Accountable.

Principle 2: Businesses should provide goods and services in a manner that is sustainable and safe

Principle 3: Businesses should respect and promote the well-being of all employees, including those in their value chains.

Principle 4: Businesses should respect the interests of and be responsive to all their stakeholders.

Principle 5: Businesses should respect and promote human rights.

Principle 6: Businesses should respect and make efforts to protect and restore the environment.

Principle 7: Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent.

Principle 8: Businesses should promote inclusive growth and equitable development.

Principle 9: Businesses should engage with and provide value to their consumers in a responsible manner

BRR framework:
Section A: General Disclosures
Section B: Management and Process Disclosures
Section C: Principle-wise Performance Disclosure (categorised under 'Essential' and 'Leadership')

View Policy

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