NSE launches sector- specific integrated guides w.r.t. 38 sectors (including food, energy, health care, media etc.) to facilitate disclosures under the parameters of the BRSR format

Effective FY 2022-2023, the Top 1000 Listed entities (based on market capitalization) will be mandatorily required to file the Business Responsibility and Sustainability Report (“BRSR”). To aid listed entities in understanding the updated disclosure requirements, the National Stock Exchange of India (“NSE”) in association with Stakeholder Empowerment Services (“SES”) has conceptualised sector specific guides to the BRSR format. These guides explain the parameters of BRSR, the objective for disclosures, and provides guidance to the listed entities in 38 sectors on how to measure and how to disclose such parameters.

The Integrated Guide/s has elaborated on Mandatory Disclosures (Essential BRSR Indicators), Voluntary Disclosures (Leadership BRSR Indicators) and Sector Specific Disclosures (As per Global Best Practices) for 38 Industries including Health Care Providers, Infrastructure, Food, Media, Medical Technology, Automobiles, Chemicals, Insurance, Real Estate, Alternative Energy.

For the link to these integrated guides to BRSR you will need to click on https://www.nseindia.com/resources/insights-panel-discussions-seminars-corporate-governance

Background:

With amendments to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Securities and Exchange Board of India effective FY 2022-2023 will replace the existing Business Responsibility Report (“BRR”) with BRSR in two phases. The first phase effective from FY2021-22 is voluntary and the second phase effective from FY2022-23 is mandatory for the top 1000 listed companies.

Source: National Stock Exchange of India