Content for Mains Enrichment
Source: PIB
Context: The Indian Institute of Corporate Affairs (IICA) and UNICEF jointly organized a workshop on Business Responsibility and Sustainability Reporting (BRSR) in collaboration with the National Stock Exchange (NSE).
What is BRSR?
Business Responsibility and Sustainability Reporting is a framework introduced by SEBI (Securities and Exchange Board of India) in 2021. It mandates the top 1000 listed companies in India to report their performance on various environmental, social, and governance (ESG) aspects. This framework is based on the nine principles of the National Guidelines for Responsible Business Conduct (NGRBC).
What is ESG?
Environmental, Social, and Governance (ESG) goals are standards for ethical, sustainable business practices. They cover environmental stewardship, social responsibility towards employees and communities, and effective corporate governance, including leadership and shareholder rights.
Usage: The framework can be used in corporate governance Questions/ Environment/ Society Questions to highlight the responsibility of businesses towards society and the environment.
