This year, India’s top 1000 companies are recommended to publish the first dry-run Business Responsibility and Sustainability Reports (BRSR). Starting from next year, it will be their obligation.
This year, India’s top 1000 companies are recommended to publish the first dry-run Business Responsibility and Sustainability Reports (BRSR). Starting from next year, it will be their obligation.
While the original regulatory requirements are taking force, an updated version of the disclosure requirements defining a set of 120 mandatory ESG metrics is already in the oven. The key objective of this updated version is to curb greenwashing and bring more clarity.[1]
With a more mature reporting practice, India has a good potential to attract massive amount of sustainable investment, according to Standard Chartered´ s survey. By its estimates, the country could mobilize $1 trillion towards top ESG priorities by 2030.[2]
The need to push for sustainability is rather acute. In the Environmental Performance Index (EPI) earlier this year, India ranked the very lowest of 180 countries. The Indian government, though, has rejected the findings, blaming unscientific methods.[3]
[1] https://www.bloomberg.com/professional/blog/indias-new-esg-rules-to-address-corporate-green-washing/
[2] https://www.thehindubusinessline.com/markets/india-can-attract-1-trillion-in-esg-investment-stanchart/article65942249.ece
[3] https://www.indiatimes.com/explainers/news/what-is-the-environmental-performance-index-and-why-is-india-rejecting-the-report-574129.html