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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

Ganga Foods Ltd, a listed company covered by BRSR, also reports under GRI Standards. The company secretary proposes to treat one report as a substitute for the other. Which view is most accurate?

BRSR is mandatory for covered listed companies under SEBI's framework, whereas GRI is a voluntary international standard. A company can report under both, and GRI can support BRSR data, but GRI reporting alone does not discharge the BRSR requirement.

  1. ABRSR is mandated by SEBI for covered listed companies, while GRI is a voluntary global standard, so GRI reporting does not by itself discharge the BRSR requirementCorrect
  2. BGRI reporting automatically discharges the BRSR obligation because both are globally accepted
  3. CBRSR is voluntary and GRI is mandatory under the Companies Act, 2013
  4. DNeither can be reported together in the same annual report

Explanation

BRSR is a regulatory requirement under SEBI's listing framework for covered companies, while GRI is a voluntary global standard. A company may report under both and use GRI to support its BRSR disclosures, but GRI does not replace BRSR. GRI is not mandated by the Companies Act.

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