Report on Business Responsibility Reporting
- Posted By
10Pointer
- Categories
Economy
- Published
14th Aug, 2020
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- The Ministry of Corporate Affairs recently released the Report of the Committee on Business Responsibility Reporting.
- MCA will work closely with capital markets regulator SEBI for implementation of Business Responsibility and Sustainability Report (BRSR) framework in the country.
- Indian companies are aspiring to have a global foothold and thus they cannot ignore the emerging trend of Corporate Governance i.e. Responsible Business.
- MCA had constituted a Committee on Business Responsibility Reporting to develop new BRR formats for listed and unlisted companies.
- Due to increasing trends of Environmental, Social and Governance (ESG) investing, demand for non-financial reporting is also growing.
- In this respect the BRSR framework will set the stage for sustainable investing.
- The information captured through BRSR filings is used to develop a Business Responsibility-Sustainability Index for companies.
.PNG)
