BRSR Consultancy Service in India
Our BRSR consultant will help your company in preparation and submission of Business Responsibility and Sustainability Report (BRSR) as per SEBI guidance document on BRSR.
BRSR aims to encourage companies to voluntarily report their ESG performance. The Securities and Exchange Board of India (SEBI) in 2021 introduced a new requirement for sustainability reporting by listed companies. Companies are now required to report their performance and impact on environmental, social, and governance (ESG) issues. The new reporting called the Business Responsibility and Sustainability Report (BRSR) replaces the existing Business Responsibility Report (BRR).
The BRSR 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. Other listed companies as well as Unlisted companies with a net worth of Rs. 500 crores and more or a turnover of Rs. 1,000 crores, Insurance and Mutual Fund Companies and Public Sector Undertakings (PSUs) may submit the BRSR voluntarily.
BRSR Certification
BRSR is considered vital for all companies as lenders, equity holders, investors and other interested parties need to assess the risks and opportunities facing individual companies which arise from ESG issues, as these affect enterprise value, brand reputation and financials of an enterprise. Now companies are required to disclose their ESG-related risks and opportunities, their management system and performance on indicators such as environment and climate change, human rights, labor practices, biodiversity, and anti-corruption.
Our BRSR Reporting Consultant assists the clients mainly in:
- Identifying environmental, social, and governance (ESG) issues corresponding to the business.
- Training of client’s team for preparing BRSR documents including company’s performance reports on ESG
- Preparation of company’s performance reports on ESG, Diversity and Inclusion, Responsible Supply Chain, Anti-Corruption and SDGs in accordance with SEBI’s guidance.
- Suggesting action plan for enhancing company’s performance on all these parameters
- Drafting General Disclosures Management and Process Disclosures Principle Wise Performance Disclosure
- Submission of BRSR report.
The key benefits of BRSR are as follows:
- BRSR enhances the credibility, consistency, and transparency of your company in the areas of Environmental, Social and Governance (ESG).
- Provides a framework to identify and mitigate ESG-related risks and opportunities.
- Increases market reputation by avoiding reputational and legal risks.
- Helps you comply with existing and emerging regulations and standards related to sustainability.
- Facilitate investors to make better investment decisions,
- Enhances brand value.
- Demonstrates your commitment to address global challenges such as climate change, social inequality, and biodiversity loss, and
- Contributes to the achievement of the United Nations Sustainable Development Goals (SDGs).
In addition to United Nations Sustainable Development Goals (SDGs), companies should conduct their business in accordance with following 9 core principles established by National Guidelines for Responsible Business Conduct (NGRBC):
- Integrity, transparency, and accountability.
- Respect for human rights and avoid complicity in human rights abuses.
- Provide safe and environmentally friendly goods and services.
- Respect and promote the interests of all stakeholders.
- Respect and promote diversity and eliminate discrimination.
- Promote responsible consumption and production and adopt sustainable practices.
- Ensure activities do not negatively impact health and well-being.
- Promote the development and use of technology that respects human rights and data protection.
- Engage with and contribute to the development of communities.
Companies should disclose their environmental, social, and governance (ESG) performance in various areas. These performance areas include but not limited to the following:
- Environment
- Social
- Governance
- Diversity and Inclusion
- Responsible Supply Chain
- Anti-Corruption
- Sustainable Development Goals (SDGs)
The BRSR must include the following disclosures by the company:
- General Disclosures
- Management and Process Disclosures
- Principle Wise Performance Disclosure
Detailed guidelines for BRSR has been issued by SEBI as a guidance document.
Our Strength for Social Compliance Consultancy
- We have a team of highly- experienced ISO consultant and globally certified lead auditors for Consulting Services
- Our team is having graduate/master degree of Engineering/management having more than 15+ years of experience in management system implementation for clients.
- Our consultants provide handholding support to clients in development and implementation of policies, plans, controls, documentation and record-keeping as well.
- 100+ Social Compliance System implementation in various industries in 15+ countries.
- Implemented 7000+ Man-days Social Compliance projects successfully
- We follow the latest standard industry best practices for Social Compliance implementation
- 200+ Editable documents for various management systems have been sold to our global clients
- 200+ personnel of clients and other individuals trained by our consultants for awareness, system implementation and auditor training through online/class room.
- Our Social Compliance consultants work with more than 50 leading International & National Certification Bodies such as BV; BSI; TUV; DNV; SGS; Lloyds; ISOQAR; NABL; IAS; UKAS, etc.
- Our clients had got benefits of continuous improvements and business excellence with use of our practical approach in consultancy projects.
- In our ready to use Social Compliance documentation package we provide 100+ editable sample document templates with more than 400 pages.