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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

Himalaya Foods Ltd has 400 value chain partners. The board wants to know how value chain disclosures under BRSR Core work. Which approach is consistent with the SEBI framework?

Value chain disclosure under BRSR Core covers upstream and downstream partners that together account for a prescribed share of the company's purchases and sales by value. It is introduced in phases, first with disclosure and then assurance, so it neither applies to every partner nor only to subsidiaries.

  1. ADisclose BRSR Core indicators for the value chain, covering upstream and downstream partners that together account for the prescribed share of purchases and sales, with assurance applying in a phased mannerCorrect
  2. BValue chain disclosure is required for every partner regardless of size, with immediate full assurance
  3. CValue chain disclosures are barred from the BRSR and belong only in the Directors' Report
  4. DValue chain disclosure applies only to the company's own subsidiaries

Explanation

SEBI extended BRSR Core to the value chain, limited to partners that make up the prescribed share (a threshold of purchases and sales by value) and introduced it in phases, first as disclosure and later with assurance. It is not required for every partner, nor limited to subsidiaries.

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