Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility and Sustainability Reporting (BRSR) is a tool that helps companies identify their social and environmental impacts, as well as the opportunities to reduce those impacts. The purpose of BRSR is to provide stakeholders a complete picture of a company’s sustainability performance, including its environmental, social, and governance (ESG) impacts.
BRSR typically includes information on the company’s sustainability strategy, goals, and initiatives, as well as its performance in areas such as environmental impact, human rights, labor practices, community engagement, and ethical conduct. The reporting can take various forms, including annual sustainability reports, integrated reports, and stand-alone sustainability reports, and may be governed by various standards, such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Integrated Reporting Council (IRC).
BRSR is increasingly seen as a key tool for companies to demonstrate their commitment to sustainability and social responsibility, as well as to build trust and transparency with stakeholders. It also assists businesses in identifying and managing sustainability risks and opportunities, as well as improving their long-term sustainability performance.
Benefits of Business Responsibility and Sustainability Reporting (BRSR)
Business responsibility and sustainability reporting (BRSR) is a set of practices that allow companies to report on their sustainability performance. It can be used by companies to measure their own impact on the environment and contribute to a more sustainable world.
Benefits of business responsibility and sustainability reporting (BRSR):
It contributes to a more eco-friendly workplace culture.
– It makes working with customers and suppliers easier for employees.
– It allows employees to share data between organizations in order to reduce risk, increase transparency, and boost overall productivity.
– It helps companies in meeting their legal obligations to report pollution levels or other environmental impacts that have a negative impact on the community or local environment in which they operate.
Guidelines of Business Responsibility and Sustainability Reporting (BRSR)
Business Responsibility & Sustainability Report (BRSR) has evolved is the extant ‘Business Responsibility Report (BRR)’ and ‘National Guidelines on Responsible Business Conduct (NGRBC) principles’, which itself emanates from Social Development Goals (SDGs).
BRSR replaces the Business Responsibility Report (BRR) and is in line with National Voluntary Guidelines (NVGs) on the Social, Environmental, and Economic Responsibilities of Business, issued by the Ministry of Corporate Affairs (MCA).
The purpose of the BRSR standardized framework is to elevate Indian reporting standards to a global level. The BRSR was created with global ESG and sustainability frameworks in mind, such as-
- Global Reporting Initiative (GRI)
- Integrated Reporting (IR) Framework,
- Sustainability Accounting Standards Board (SASB)
- United Nations Global Compact
Ingenyria provide business responsibility and sustainability reporting support that help you to improve sustainable strategy or reporting and focus on the performance of key departmental areas including finance, supply chain management and human resources.
We have a dedicated team that provides Reporting and Verification service. The verification process will be conducted by our qualified team of professionals with long-standing experience in external assurance.
We are licensed by Accountability as an assurance provider (AA1000 Licensed Assurance Provider), registered under License No. 000-398 and can verify any organizations Sustainability Report as per AA1000 Assurance Standard.
Our services include:
– BRSR Reporting and Verification service
– Gap Analysis in BRSR report
– Assurance to BRSR report