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

Mahadev Foods Ltd is a top-listed Indian company. Its CS traces the evolution of Indian regulatory disclosure: first came the SEBI requirement for Business Responsibility Reports for top listed entities, which later was replaced by a more detailed format. Which statement is correct?

BRSR replaced the earlier Business Responsibility Report with a more detailed, structured format requiring quantitative sustainability disclosures aligned to the NGRBC principles. It is prescribed by SEBI under the listing regulations, forms part of the annual report, and does not replace financial statements.

ABRSR replaced the earlier Business Responsibility Report format and requires more structured, quantitative sustainability disclosuresCorrect
BBRSR replaced the Annual Report and removed the need for financial statements
CBRSR is an international standard issued by the GRI and applies only outside India
DBRSR is a voluntary format with no link to SEBI's listing regulations

Explanation

SEBI moved from the BRR to the BRSR, which is structured around the nine principles of the NGRBC and has essential and leadership indicators. It supplements, not replaces, financial statements, and is a SEBI-prescribed format, not a GRI standard.

Did you get it right without looking?

One question tells you little. A timed set on Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting shows your real accuracy, how long you take and where you lose marks.

Practise Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting Free diagnostic mock

More Integrated Reporting Framework, Global Reporting Initiative Framework and Business Responsibility and Sustainability Reporting questions