We are living in critical times where our conduct towards the natural environment over the next few years will decide the fate of humanity on this earth. We are already facing the severe consequences of environmental damage in the form of natural resource depletion, climate change, pollution etc. Having realized the criticality of the situation, stakeholders across the world are focusing on environment protection and resource conservation.
The Business Responsibility and Sustainability Reporting (BRSR) format devised by Securities and Exchange Board of India (SEBI) is an attempt towards ensuring that the businesses remain environment-friendly and responsible in their conduct. Through the mandatory environment, social and governance (ESG) reporting requirement from the current financial year for the top 1000 companies (by market capital) the attempt is to create a culture of conducting business in a responsible manner, towards the society and the environment.