EY Sustainable Value Chain Assessment

In July 2023, the Securities and Exchange Board of India (SEBI) introduced additional Environmental, Social, and Governance (ESG) metrics that must be disclosed as part of the 'BRSR Core' framework for specific listed companies in India. The Business Responsibility and Sustainability Report (BRSR) format, which replaced the earlier Business Responsibility Report (BRR), was initially introduced in May 2021. SEBI has outlined a specific timeframe for obligatory adherence to the BRSR Core. By the fiscal year 2023, all the leading 1000 publicly listed companies in India based on market capitalization are required to submit their respective BRSR Reports.

Under annual reports, publicly listed companies have a responsibility to disclose information related to Environmental, Social, and Governance (ESG) aspects concerning their value chain. These disclosures should align with the guidelines outlined in the BRSR Core framework. The scope of the value chain should encompass the primary partners situated both upstream and downstream of the listed company, collectively accounting for 75 percent of its sales or purchases in terms of value.

In their reporting, these listed companies are required to present the Key Performance Indicators (KPIs)   specified in the BRSR Core. These KPIs should be relevant to their partners within the value chain and should be linked to the company's business interactions with these partners.

EY teams support you to help establish your roadmap for ESG reporting through the following offerings: