- In December 2024, SEBI approved key decisions on BRSR Core framework, ESG disclosures, and assurance requirements.
- SEBI mandates top 1,000 listed entities in India for Business Responsibility and Sustainability Reporting (BRSR) under LODR Regulations.
- Terminology change: “Assurance” replaced with “Assessment” to reduce financial burden.
- Value chain reporting now includes upstream and downstream partners accounting for 2% or more of purchases/sales.
- Introduction of a new green credit indicator under BRSR Principle 6 to track green credit generation.
- SEBI introduced Industry Standards on Reporting of BRSR Core to standardize disclosures from FY 2024-25 onwards.
- Detailed guidance on intensity-based calculations and spend-based approaches provided by Industry Standards.
- Specific attribute-wise requirements outlined for greenhouse gases, water footprint, energy consumption, waste management, employee wellbeing, gender diversity, inclusive development, and customer-supplier engagement.
