Q. With reference to Business Responsibility and Sustainability Reporting (BRSR) framework in India consider the following statements:
1. The Business Responsibility and Sustainability Reporting (BRSR) framework was introduced by RBI in 2021.
2. The framework is a mandatory disclosure mechanism for top 500 listed companies or businesses to report their performance on environmental, social and governance (ESG) aspects and demonstrate their commitment to responsible business practices.
3.This framework enables Indian companies to report on sustainability in a holistic manner.
How many of the above statement are correct?
Answer: A
Notes:
Statement 1 is Incorrect- The Business Responsibility and Sustainability Reporting (BRSR) framework was introduced by SEBI in 2021.
Statement 2 is Incorrect- The framework is a mandatory disclosure mechanism for top 1000 listed companies or businesses to report their performance on environmental, social and governance (ESG) aspects and demonstrate their commitment to responsible business practices.
Statement 3 is Correct- It provides a comprehensive framework covering a wide range of sustainability topics, including governance, ethics, social responsibility, environmental performance, and economic performance. This enables Indian companies to report on sustainability in a holistic manner.
Source-Forum IAS
