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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting

Arjun Industries Ltd's board is told that, historically, reporting frameworks developed in stages. A director asks which of the following correctly orders them by their original emergence, from earliest to latest.

The correct order is GRI first (initiative launched in 1997), then the IIRC's Integrated Reporting Framework (2013), then SEBI's BRSR (2021). The global voluntary frameworks developed earlier, and India's mandatory BRSR format is the most recent step in this evolution.

  1. AGRI guidelines (1997 initiative), IIRC Integrated Reporting Framework (2013), SEBI BRSR (2021)Correct
  2. BSEBI BRSR (2021), IIRC Integrated Reporting Framework (2013), GRI guidelines (1997 initiative)
  3. CIIRC Integrated Reporting Framework (2013), SEBI BRSR (2021), GRI guidelines (1997 initiative)
  4. DGRI guidelines (1997 initiative), SEBI BRSR (2021), IIRC Integrated Reporting Framework (2013)

Explanation

GRI began in 1997, the IIRC released its International Integrated Reporting Framework in December 2013, and SEBI introduced BRSR in 2021. Other orders misplace BRSR, which is the most recent.

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