SEBI Consultation Paper on Facilitating Ease of Doing Business with respect to Business Responsibility and Sustainability Report (BRSR)
SEBI has released a consultation paper on recommendations made by the Expert Committee for Facilitating Ease of Doing Business with respect to Business Responsibility and Sustainability Report (BRSR) seeking public and other stakeholder comments / views.
The consultation paper has proposals related to Value Chain, Green Credits and Substituting the term “Assurance” with “Assessment”.
It is proposed to redefine value chain partners as “Value chain shall encompass the upstream and downstream partners of a listed entity, individually comprising 2% or more of the listed entity's purchases / sales (by value) respectively.” The other proposals on the recommendations made include making ESG disclosures of value chain voluntary for the first year (FY25) and allowing the flexibility of choosing "assessment" of BRSR Core data disclosures instead of "assurance" of the same. Among the three proposals was the inclusion of a leadership indicator in the BRSR, which would capture Green Credits generated by the company and its value chain.
Comment on the paper may be submitted by 12th June, 2024.
