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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

Meridian Textiles Ltd, a listed company on NSE and BSE, is preparing its annual report for the financial year. The company secretary is asked which sustainability disclosure format SEBI requires listed entities to file as part of the annual report. Which format applies?

The Business Responsibility and Sustainability Report (BRSR) applies. SEBI's listing regulations prescribe it as the standard non-financial disclosure in the annual report of listed entities, replacing the earlier BRR. CSR reports, integrated reports and secretarial audit reports serve different purposes and do not satisfy this requirement.

  1. ABusiness Responsibility and Sustainability Report (BRSR)Correct
  2. BCorporate Social Responsibility report under Schedule VII only
  3. CIntegrated report under the IIRC framework only
  4. DSecretarial audit report in Form MR-3

Explanation

SEBI's LODR requirements make the Business Responsibility and Sustainability Report the prescribed format for listed entities' annual reports. The other options are separate reports and do not replace it. Integrated reporting is voluntary, not the mandated format.

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