Beginning with the 2024–25 financial year, BRSR reporting is mandatory for the top 1,000 listed entities in India based on market capitalization. Other companies may choose to adopt BRSR voluntarily as a proactive step toward sustainable and responsible business operations.

The BRSR framework is structured around nine principles from the National Guidelines on Responsible Business Conduct (NGRBC). These include ethics, sustainability in product lifecycle, employee welfare, stakeholder dialogue, respect for human rights, environmental care, policy advocacy, inclusive growth, and customer responsibility.

BRSR enhances the earlier Business Responsibility Report (BRR) by offering a more structured and detailed approach. It aligns with globally recognized frameworks such as the Global Reporting Initiative (GRI) and TCFD, improving comparability, consistency, and overall quality of ESG disclosures.

Yes. SEBI requires the top 150 listed entities by market capitalization to obtain reasonable assurance on their BRSR Core indicators. This must be done by an independent professional with proven sustainability assurance expertise. 

BRSR Core includes specific key performance indicators (KPIs) within the broader BRSR framework that demand a higher level of scrutiny. These disclosures, starting FY 2024–25, must be assured to enhance the credibility of ESG reporting by the top 150 listed companies.

The assurance provider must have relevant experience in sustainability assurance. The responsibility lies with the company’s board to appoint a qualified, independent party. Internal auditors or associated entities within the same group are restricted from serving in this role. 

Failure to comply with BRSR requirements could invite regulatory review and potential penalties from SEBI. Companies falling within the mandatory bracket are expected to meet all reporting and assurance obligations in full.