BRSR Reporting - ESG Data Management Platform by Oren

Sustainability Leadership with Oren

All your work in one place : Sustainability Reports, Emissions Tracking,
Supplier Tracking, Custom Assessments, Custom Reporting

Collaborate with Teams

Streamline collaboration across various departments, locations and business units for seamless ESG reporting and data sharing

Automate ESG Data Collection

Optimise ESG data collection through our API, ensuring time efficiency and data accuracy

Create Assurance-Ready Reports

Maintain a digital audit trail for any changes to your BRSR data or report and invite auditors for hassle-free digital audits

Engage Value Chain Partners

Enhance collaboration across value chain partners on BRSR Core using our industry-specific sustainability roadmap

In-built GHG Calculation

Ensure accurate and transparent reporting with dedicated Scope 1, 2, and 3 GHG accounting calculations

Create Multiple Reports at Once

Minimise data collection time, effort, and duplication across various global frameworks and custom reports along with your BRSR

What is BRSR?

BRSR (Business Responsibility and Sustainability Reporting) is a framework introduced by the Securities and Exchange Board of India (SEBI) in 2021 to mandate the top 1,000 listed companies in India to disclose quantifiable metrics on sustainability-related factors.

The BRSR framework aims to enhance transparency and encourage companies to adopt responsible and sustainable business practices. It requires companies to respond to 140 questions, divided into 98 essential indicators (mandatory) and 42 leadership indicators (voluntary).

The disclosure requirements are grouped into nine core principles based on the National Guidelines for Responsible Business Conduct:

1. Conducting business with integrity, in an ethical, transparent and accountable manner
2. Providing sustainable and safe goods and services
3. Respecting and promoting employee well-being
4. Respecting stakeholder interests and being responsive
5. Respecting and promoting human rights
6. Respecting and promoting the environment
7. Engaging in responsible and transparent public policy advocacy
8. Promoting inclusive growth and equitable development
9.Engaging with and providing value to customers responsibly

The BRSR report must be published as an integral part of a company's annual report, allowing for transparent disclosure of non-financial performance alongside financial parameters. It aims to enable investors to identify and assess sustainability-related risks and opportunities, and make better investment decisions.

What is BRSR core?

1. BRSR Core represents a subset of the BRSR, consisting of a set of Key Performance Indicators (KPIs) / metrics across 9 ESG attributes.

2. It focuses on the Indian/emerging market context and includes some new KPIs for assurance, such as job creation in small towns, business openness, and gross wages paid to women.

3. It also includes intensity ratios based on revenue adjusted for Purchasing Power Parity (PPP) to facilitate better global comparability.

Compliance timeline for BRSR core :

- FY 2023-24: Top 150 listed entities must provide "reasonable assurance" on BRSR Core KPIs.
- FY 2024-25: Top 250 listed entities must provide "reasonable assurance" on BRSR Core KPIs, including for their value chain.
- FY 2025-26: Top 500 listed entities must provide "reasonable assurance" on BRSR Core KPIs, including for their value chain.
- FY 2026-27: Top 1000 listed entities must provide "reasonable assurance" on BRSR Core KPIs, including for their value chain.

Is there a requirement to include value chain partners in BRSR?

Yes, the top 250 listed entities (by market capitalization) in India must provide ESG-related disclosures for their value chain partners, which collectively account for 75% of the entity's purchases or sales, starting from FY 2024-25.

Who can be the BRSR core assurance provider?

BRSR Core assurance extends beyond Chartered Accountants; the selected assurance provider must possess sustainability expertise at the discretion of the Board. The internal auditor of a listed entity or its group entities is ineligible for BRSR Core assurance.

However, the statutory auditor of a listed entity qualifies for this role. Assurance providers can utilise globally recognized standards such as ISAE 3000 or specific national standards (e.g., SSAE 3000 or SAE 3410 by ICAI) for the assurance process, provided that they disclose the chosen standard.