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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

Nilgiri Tea Ltd, a listed company, wants its BRSR to be read alongside its GRI-based sustainability report without repeating data. The Company Secretary advises on the relationship between the two. Which advice is correct?

The BRSR remains the SEBI-mandated format, but a company that already reports under GRI may cross-reference that information within the BRSR where it covers the same indicators. GRI cannot replace the BRSR, and repeating every figure is not required.

  1. ABRSR is the SEBI-mandated format, and information reported under GRI may be cross-referenced in it, where it covers the same indicatorsCorrect
  2. BThe BRSR must be discarded if GRI is used
  3. CGRI disclosures are legally required instead of BRSR for listed entities
  4. DCross-referencing is prohibited and every figure must be repeated

Explanation

BRSR is the statutory format for the entities covered. SEBI's framework recognises that entities already reporting under global frameworks such as GRI can cross-reference that information instead of duplicating it, provided the BRSR indicators are covered. GRI is not a legal substitute.

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