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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Sustainability Audit, ESG Rating and Emerging Mandates from Government and Regulators

Lotus Foods Ltd, a listed company, wants its value chain partners' sustainability data reflected in its BRSR. Under SEBI's mandate on value chain disclosures, which approach is correct?

Top listed entities must disclose BRSR Core KPIs for significant upstream and downstream value chain partners under a phased glide path, with assurance on that data not mandatory at the outset. Suppliers need not file their own BRSR, and such disclosure is permitted and encouraged.

  1. ATop listed entities must disclose BRSR Core KPIs for their value chain, covering significant upstream and downstream partners, in a phased manner, with assurance initially not mandatoryCorrect
  2. BAll suppliers must individually file BRSR with the stock exchange immediately
  3. CValue chain disclosure is prohibited in the BRSR
  4. DValue chain disclosures need reasonable assurance from the first year

Explanation

SEBI's glide path asks identified top listed entities to disclose BRSR Core KPIs for their value chain partners that meet prescribed thresholds, with assurance for such value chain data applying later. Suppliers are not required to file BRSRs themselves, and the disclosure is not prohibited.

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