ESG Insights

ESG Insights: How are companies getting ready for the BRSR?

In this podcast, Chaitanya Kalia, Partner and National Leader of the Climate Change and Sustainability Services at EY India, talks about what BRSR means, and its impact on companies as well as investors. 

In conversation with:

Chaitanya Kalia
EY India Climate Change and Sustainability Services Leader

In this podcast, our host Silloo Jangalwala, Associate Director, BMC, speaks to Chaitanya Kalia Partner and National Leader of Climate Change and Sustainability Services at EY India, about the current definition of BRSR in India and companies’ readiness to meet the new ESG disclosure norms.

Background: The norms around Environmental, Social, and Governance (ESG) responsibilities of major corporations in India are changing. In May 2021, the Securities and Exchange Board of India (SEBI) released Business Responsibility and Sustainability Report (BRSR), with ESG disclosure criteria, applicable to the top 1,000 listed companies by market capitalization.

 Key takeaways

  • BRSR requires the top 1,000 listed companies to disclose non-financial performance. This is mandatory from FY 2022-23.
  • CSR will be folded into BRSR.
  • Indian companies preparing a checklist to meet BRSR requirements should, in order of priority, look at the ESG aspects of their own operations, the upstream (supply chain), and the downstream (impact on customers).
  • Most of the top companies are prepared to give more ESG related information on suppliers, stakeholders and customers.
  • In its current shape, BRSR is sector agnostic; same guidelines apply to all sectors.
For BRSR reporting, companies should start with their own operations – how it impacts the environment, its social aspect, and governance. Second, look at the upstream – how robust is the supply chain in disclosing ESG norms. Third is downstream, which has an impact on customers.
Chaitanya Kalia
EY India Climate Change and Sustainability Services Leader

For your convenience, a full-text transcript of this podcast is also available. Read the transcript

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Duration 08m 32s

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ESG Insights: The total valuation approach: quantitative and qualitative ESG impact valuation

In this podcast, Shailesh Tyagi, EY India Climate Change and Sustainability Services Partner, talks about the concept of Long-Term Value (LTV), and how it can be created through the effective development, preservation, and deployment of strategic capabilities, in line with an organization’s stated purpose.
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Duration
11m 34s

Presenters

ESG Insights: The essence of “S” in ESG

In this podcast, Sayooj Thekkevariath, EY India Climate Change and Sustainability Services Partner, talks about the essence of ‘S’ in ESG, or the social part of the sustainability journey, with an emphasis on community impact or CSR.
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Duration
10m 49s

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ESG Insights: The commitment to net zero: is it a greenwash?

In this podcast, Saunak Saha, Partner, Climate Change and Sustainability Services (CCaSS) at EY India, talks about key sustainability issues that India Inc needs to address on its environmental, social and governance (ESG) journey.
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Duration
07m 33s

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Podcast: How can carbon prices help abate emissions?

In this podcast, Rajnish Gupta speaks with Anindya Chowdhury, Country Manager at Shell, in the energy sector on carbon pricing around the world.
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Duration
07m 42s

Presenters

Rajnish Gupta

Partner, Tax and Economic Policy Group, EY India