Brsr Core News Today

A PwC India survey indicates that 51% of Indias top 100 companies have begun disclosing carbon emissions voluntarily, with 31% revealing their net-zero targets. With new ESG regulations, Indias transition to BRSR Core showcases its commitment to sustainability reporting. This shift highlights a growing awareness of sustainabilitys importance in business strategy. ESG reporting through BRSR enhances transparency, enabling stakeholders to make informed decisions.

Indias Securities and Exchange Board has implemented a robust regulatory framework for credit rating agencies (CRAs), following the 2008 financial crisis. Among the key changes SEBI has made, CRAs must now consider ESG factors in assessing credit risk, and provide investors with detailed information relating to a firms approach to environmental, social and governance concerns.

Market watchdog Sebis notification on environmental, social, and governance (ESG) disclosures and assurance requirements for value chain partners of top 1,000 listed entities by market cap has stirred many businesses to take serious note of ESG performance parameters of their key suppliers and vendors.

Apart from making it mandatory for the largest 1,000 listed companies (by market cap) to make ESG disclosures as per BRSR from FY23, SEBI has carved out a special ESG category among mutual funds. Fund houses can now launch multiple funds, focussing on a variety of ESG parameters within a single category