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CS Professional · Environmental, Social and Governance (ESG) - Principles and Practice · Board's Accountability on ESG

Rohan Steels Ltd is among the top 250 listed entities by market capitalisation and is preparing BRSR Core disclosures. Its Board is told that assurance applies to BRSR Core. Which statement best describes the position under SEBI's framework?

BRSR Core is a subset of key ESG performance indicators within BRSR that must receive reasonable assurance from an independent assurance provider. SEBI phased it in, beginning with the largest listed entities by market capitalisation, so it is neither voluntary nor merely a financial statement audit matter.

  1. ABRSR Core is a subset of key performance indicators that is subject to reasonable assurance by an independent assurance provider, phased in by market capitalisationCorrect
  2. BBRSR Core is a voluntary summary requiring no assurance for any listed entity
  3. CBRSR Core requires only the statutory auditor's review of financial statements
  4. DBRSR Core applies only to unlisted public companies and is assured by the Registrar

Explanation

SEBI introduced BRSR Core as a limited set of key performance indicators under the nine attributes, for which reasonable assurance is required, phased in starting with the top listed entities by market capitalisation. It is not voluntary and is not tied to financial statement audit or to unlisted companies.

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