NSE, As per the amended SEBI (Listing Obligations and Disclosure Requirements) Regulations, the existing Business Responsibility Report (BRR) is proposed to be replaced by a more detailed and comprehensive Business Responsibility & Sustainability Report (BRSR) in two phases, a voluntary phase effective from FY 21-22 and a mandatory phase for the top 1000 companies effective from FY-22-23 as per the prescribed format specified by SEBI.
In order to better aid the listed entities in understanding the updated disclosure requirements & sensitizing them to the concepts associated with the new format requirements, NSE in association with Stakeholders Empowerment Services (SES), a corporate governance and advisory firm, has conceptualized 38 sector specific integrated guides to the BRSR format, along with a sector agnostic integrated guide.
These comprehensive guides explain each and every parameter of the c prescribed BRSR format, its objective for such disclosure, along with detailed guidance on how to measure and how to disclose such parameter.
38 Unique Guides based on 38 Sub-sectors of Sustainability Accounting Standards Board (SASB), along with a sector agnostic integrated guide, Mapped to SEBI’s Standardized Industry Classification System,Mapped to Five Global Reporting Frameworks (GRI, SDG, TCFD, CDP & SASB), Guidance based on Proprietary SES ESG Model, Guidance on reporting disclosures on 3 Steps of Excellence:,Mandatory Disclosures (Essential BRSR Indicators), Voluntary Disclosures (Leadership BRSR Indicators), Sector Specific Disclosures (As per Global Best Practices)
About National Stock Exchange of India Limited (NSE):
National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2021.
NSE is ranked 4th in the world in the cash equities by number of trades as per the statistics maintained by the World Federation of Exchanges (WFE) for calendar year 2021. NSE was the first exchange in India to implement electronic or screen-based trading.
It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings.
NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.