Industry Standards on Reporting of BRSR Core
Summary
SEBI has notified industry standards formulated by the Industry Standards Forum for the effective implementation of BRSR Core disclosure requirements. Listed entities are mandated to follow these standards to comply with Regulation 34(2)(f) of the LODR Regulations. The circular applies to the financial year 2024-25 and onwards, with stock exchanges advised to ensure compliance among their listed entities.
Text
The Industry Standards Forum comprising representatives from ASSOCHAM, CII and FICCI has formulated industry standards for effective implementation of the requirement to disclose Business Responsibility and Sustainability Report (BRSR) Core under Regulation 34(2)(f) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The industry associations which are part of ISF (ASSOCHAM, FICCI, and CII) and the stock exchanges shall publish the aforesaid industry standards on their websites.
The listed entities shall follow the above industry standards to ensure compliance with SEBI requirements on disclosure of BRSR Core.
This circular shall be applicable for FY 2024-25 and onwards.
The Stock Exchanges are advised to bring the contents of this circular to the notice of their listed entities and ensure its compliance.
This circular is issued in exercise of the powers conferred under Section 11(1) and 11A of the Securities and Exchange Board of India Act, 1992 read with regulation 101 of LODR Regulations.
Source: SecMarx — Industry Standards on Reporting of BRSR Core. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.