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🏭 Industry Standards for #BRSR_Core Unveiled: Enhancing ESG Reporting in India 📈 Exciting news! Industry standards for the BRSR Core are now available, marking a significant step forward in India's sustainability reporting landscape. This development aims to facilitate ease of compliance by providing guidance and clarification on how businesses can disclose their Business Responsibility and Sustainability Reporting (BRSR) core. 💡 The revised standard offers valuable guidance on several critical aspects like: 📣 #PPP_Adjusted_Intensity_Calculations: Clearer methodologies are provided for calculating performance based on productivity and population-adjusted intensities. 📣 #Spend_Based_Emissions_Estimation: The standards introduce reliable spend-based estimation methods for Scope 1 & 2emissions in scenarios where granular data is limited. 📣 #Industry_Specific_Proxies: To address data challenges, industry-specific proxies are now available for key environmental, social, and governance (ESG) metrics, including water usage, energy consumption, and circularity indicators. The revised standards are now accessible on the official websites of ASSOCHEM, CII, FICCI and major stock exchanges. Let's embrace this opportunity to enhance our ESG reporting and contribute to a more sustainable future!🌍 #BRSRCore #IndustryStandards #ESG #Sustainability #India #NewKPIs #SEBI

🌿 Developments in ESG Disclosures! 🌿 The Securities and Exchange Board of India (SEBI) is taking significant steps to ease ESG-related disclosures for listed companies and their value chain partners. Here's what you need to know: 📊 New Proposals: ~ Selective Mandates: Disclosures on ESG metrics will be required only for value chain partners comprising 2% or more of a company's purchases or sales. ~ Voluntary First Year: For the first year, these disclosures will be voluntary, shifting from a "comply or explain" basis. ~ Eased Compliance: The focus is on reducing the cost burden on smaller suppliers and allowing more time to set up necessary reporting systems. 🔍 Key Changes: ~ BRSR Core Alignment: Disclosures will be part of the BRSR Core, emphasizing verifiable data. ~ Environmental Metrics: Assurance on greenhouse gas emissions, water management, and waste treatment. ~ Data Collection: ESG data will be collected at each sale and purchase order level for manufacturing companies. ~ Assessment Over Assurance: Replacing 'assurance' with 'assessment' to lower compliance costs and challenges. 🌱 Green Credits: ~ Leadership Indicator: Green credits, awarded for environmentally sustainable activities, will be added as a leadership indicator in BRSR. This proposal is a response to industry feedback, aiming to balance the drive for responsible investing with the practicalities faced by companies. These changes will help ensure that ESG compliance is both feasible and impactful. #sebi #governance #cs #esg #socialgovernance #mca #finance #csr

𝗔𝗱𝘃𝗮𝗻𝗰𝗲 𝗬𝗼𝘂𝗿 𝗖𝗮𝗿𝗲𝗲𝗿 𝗶𝗻 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻. Environmental, Social, and Governance (ESG) practices in India are rapidly transforming from a niche set of actions to an integral part of businesses and corporate reporting. According to a 2023 CareEdge Research report, ESG reporting by Indian corporations has improved by 160 percent. 𝗘𝗻𝗿𝗶𝗰𝗵 𝘆𝗼𝘂𝗿 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝘄𝗶𝘁𝗵 𝗼𝘂𝗿 𝟲𝟬 𝗱𝗮𝘆𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗴𝗿𝗮𝗺 𝗮𝗻𝗱 𝗲𝗮𝗿𝗻 𝗮 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲 𝘁𝗼𝗼. 𝗟𝗶𝗻𝗸 https://lnkd.in/g32tFREy ▪ Business Responsibility and Sustainability Reporting (BRSR) framework. This framework, mandated by SEBI, requires the top 1,000 listed companies by market capitalisation to disclose their Environmental, Social and Governance (ESG) performance in a standardised, quantitative format.  ▪ SEBI’s proposal to include a leadership indicator under Principle 6 for green credits generated by companies and their value chain partners is a forward-thinking one. Given the increasing role of carbon credits or offsets in achieving decarbonisation target. #sustainabilityreporting #ESG #GRI #TCFD #SASB #climaterisk #financialsustainability #investors #corporatesocialresponsibility #greenwashing

#BRSR #SEBI The Business Responsibility and Sustainability Reporting (BRSR) is a regulation in India that requires companies to report on their environmental, social, and governance (ESG) performance Purpose The BRSR promotes responsible business practices and sustainable development. It also helps companies understand their non-financial risks and opportunities. Scope The BRSR applies to the top 1,000 listed companies in India. It requires companies to respond to 140 questions, which are grouped into nine core categories. Content The BRSR requires companies to provide quantifiable metrics on sustainability-related factors. These factors include: Electricity consumption  Water usage  Air emissions  Human rights violations  Minimum and fair wages  Rehabilitation and suitable employment of employees  Reducing environmental impact  Conserving natural resources  Reducing pollution  Safeguarding biodiversity Alignment The BRSR is aligned with globally accepted reporting frameworks like the GRI and TCFD. Introduced by The Securities and Exchange Board of India (SEBI) introduced the BRSR in 2021. It replaced the BRR, which only required companies to disclose their ESG initiatives. 

Charting a Course to a Sustainable Business: WOCE's Advisory Services. At WOCE, we bring together a diverse team of experts to help you navigate the complexities of achieving your sustainability goals. This video gives you a glimpse into how we work: ● Tailored Strategies: We assess your needs and develop a custom roadmap to success. ● Comprehensive Approach: We cover everything from ESG frameworks to carbon trading and supply chain optimization. ● Digital Transformation: We leverage cutting-edge tools to streamline your sustainability journey. The result? A thriving business in a sustainable future. Ready to embark on this journey? Learn more and contact us today: contact@worldofcirculareconomy.com #Sustainability #ESG #CircularEconomy #Business #ClimateAction #FutureProofing Ministry of Environment, Forests & Climate Change, Government of India EKI Energy Services Ltd (EnKing International) Manish Dabkara Carbon Markets Association of India WBCSD – World Business Council for Sustainable Development Indian Ministry of Finance Ministry of Micro, Small and Medium Enterprises, Government of India CDP Carbon Markets Association of India Global Reporting Initiative (GRI) Sustainability Accounting Standards Board FSB Task Force on Climate-related Financial Disclosures (TCFD)

India's regulatory landscape for ESG reporting has evolved significantly since the introduction of the Business Responsibility Report (BRR) in 2012. The scope of sustainability disclosures expanded with the Business Responsibility and Sustainability Reporting (BRSR) framework in 2021, mandatory for the top 1000 listed companies by April 2023. In July 2023, SEBI introduced the BRSR Core framework, standardizing metrics for nine ESG attributes, including water and greenhouse gas footprints, waste management, energy consumption, and gender diversity. The framework mandates intensity ratios based on purchasing power parity-adjusted revenue for global comparability and requires independent assurance by 2027 for all top 1000 companies. Raj Dev Singh Dheerendra B Singh Niharika Gupta Ritin Purohit Manan Agarwal Mukul Vats Sidhii Jain akanksha mishra #IndiaESG #Sustainability #BRSR #CorporateGovernance #SEBI #BusinessResponsibility #EnvironmentalReporting #SocialResponsibility #Governance #ESGReporting #SustainabilityFramework #Top1000Companies #WaterFootprint #GHGEmissions #WasteManagement #EnergyConsumption #GenderDiversity #SustainableBusiness #CorporateSustainability #ESGDisclosure #ESGStandards #SustainableDevelopment #ClimateChange #CorporateReporting #SustainablePractices #ESGCompliance #PPPAdjustedRevenue #GlobalComparability #IndependentAssurance #SustainabilityMetrics

𝗔𝗱𝘃𝗮𝗻𝗰𝗲 𝗬𝗼𝘂𝗿 𝗖𝗮𝗿𝗲𝗲𝗿 𝗶𝗻 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻. Environmental, Social, and Governance (ESG) practices in India are rapidly transforming from a niche set of actions to an integral part of businesses and corporate reporting. According to a 2023 CareEdge Research report, ESG reporting by Indian corporations has improved by 160 percent. 👉 𝗘𝗻𝗿𝗶𝗰𝗵 𝘆𝗼𝘂𝗿 𝗸𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝘄𝗶𝘁𝗵 𝗼𝘂𝗿 𝟲𝟬 𝗱𝗮𝘆𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗘𝗻𝗲𝗿𝗴𝘆 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗴𝗿𝗮𝗺 𝗮𝗻𝗱 𝗲𝗮𝗿𝗻 𝗮 𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲 𝘁𝗼𝗼. 🔗 𝗟𝗶𝗻𝗸 https://lnkd.in/g32tFREy ▪ Business Responsibility and Sustainability Reporting (BRSR) framework. This framework, mandated by SEBI, requires the top 1,000 listed companies by market capitalisation to disclose their Environmental, Social and Governance (ESG) performance in a standardised, quantitative format. ▪ SEBI’s proposal to include a leadership indicator under Principle 6 for green credits generated by companies and their value chain partners is a forward-thinking one. Given the increasing role of carbon credits or offsets in achieving decarbonisation target. #sustainabilityreporting #ESG #GRI #TCFD #SASB #climaterisk #financialsustainability #investors #corporatesocialresponsibility #greenwashing

ESG isn’t just a challenge—it’s an opportunity to lead. Turn climate risks, social responsibility, and governance gaps into innovation and growth. How is your business planning to adapt ESG in 2025? #ESGInsights #SustainableGrowth #RiskManagement Ministry of Environment, Forests & Climate Change, Government of India EKI Energy Services Ltd (EnKing International) Manish Dabkara Carbon Markets Association of India WBCSD – World Business Council for Sustainable Development Indian Ministry of Finance Ministry of Micro, Small and Medium Enterprises, Government of India CDP Carbon Markets Association of India Global Reporting Initiative (GRI) Sustainability Accounting Standards Board FSB Task Force on Climate-related Financial Disclosures (TCFD)

Consultation Paper on the Recommendations of the Expert Committee for Facilitating Ease of Doing Business with respect to Business Responsibility and Sustainability Report (BRSR) by Securities and Exchange Board of India (SEBI). There are some proposals on BRSR as summarized in the attached document. These proposals are like ‘to redefine value chain partners’, voluntary disclosures of previous years numbers while doing ESG disclosures for value chain, adding indicators around green credits, substituting the word ‘assurance’ with ‘assessment’, etc. Public Comments are solicited on the aforesaid recommendations with respect to BRSR. The comments / suggestions along with rationale should be submitted no later than June 12, 2024 on this link- https://lnkd.in/gDQxkChK Follow for updates in ESG and sustainability related concepts, ideas, news, learnings, collaborations: Amit Sarawagi (FCA,MBA) ESG & Sustainability Think Tank 🌍🍃 #ESG #Sustainability #sebi #BRSR

Join the EY Expert Discussion on ESG and CBAM! Navigate the complexities of ESG and the EU's Carbon Border Adjustment Mechanism (CBAM) to transform challenges into strategic advantages. Indian companies can capitalize on CBAM to enhance market presence, fortify supply chains, and secure a competitive edge in sustainability. Don't miss out on expert insights that can drive your business forward. Act fast – spots are limited! Register now to secure your place. 🌟 Click Here to register https://lnkd.in/gmnWKJnA 🌟 #ironsteel #cement #fertilizers #electricity #Hydrogen #aluminum #CBAM #ESG #Sustainability #climatepolicy #globaltrade #Carbon Markets Association of India (CMAI) #ETS #ASSOCHAM (The Associated Chambers of Commerce and Industry of India) #CarbonMarkets #Sustainability #ClimateAction #NetZero #ClimateChange #GreenCredits #GreenEconomy #CarbonNeutral #CarbonBorderAdjustmentMechanism #EmissionReporting #EU #CarbonPricing #Decarbonization #CarbonFootprint #CarbonMarketAssociationOfIndia Richard J. Albert | Sagar Shah | Neeraj Menon (He / Him) Chaitanya Kalia Najid Narmawala Prasad Giri (PSG) Simran Agrawal | Majatwiliu Nkhamnamai