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|
|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:
Institution behind the policy / framework:
Securities and Exchange Board of India (SEBI), GoI
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
Section A: General Disclosures
Section B: Management and Process Disclosures
Section C: Principle-wise Performance Disclosure (categorised under 'Essential' and 'Leadership')
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