Business Responsibility Reporting

Ministry of Corporate Affairs (MCA) releases the Report of the Committee on Business Responsibility Reporting.
It is a disclosure of adoption of responsible business practices by a listed company to all its stakeholders.
Business Responsibility Reporting is applicable to all types of companies including manufacturing, services etc.
A new reporting framework called the ‘Business Responsibility and Sustainability Report (BRSR)’ has been recommended to better reflect the intent and scope of reporting on non-financial parameters.
The BRSR would be integrated with the MCA 21 portal.
The information captured through BRSR filings should be used to develop a Business Responsibility-Sustainability Index for companies.
The top 1000 listed companies are to undertake this reporting mandatorily.
The reporting requirement may be extended by MCA to unlisted companies above specified thresholds of turnover and/or paid-up capital.