Business Responsibility & Sustainability Reporting (BRSR) serves as the framework for listed companies to report on Sustainability and ESG (Environment, Social, and Governance) matters in the non-financial disclosure section of their annual reports.
Evolution of BRSR
The BRSR framework has undergone significant development over the years. Initially known as Business Responsibility Reporting (BRR), it originated from the National Voluntary Guidelines for Responsible Business Conduct.
Current Status
Although the BRSR framework has advanced considerably, it remains a work in progress, continually evolving to better meet the needs of stakeholders and improve sustainability reporting practices.
Multiple Choice Questions (MCQs):
- What does BRSR stand for?
- a) Business Responsibility & Sustainability Reporting
- b) Business Resource & Sustainability Reporting
- c) Business Responsibility & Social Reporting
- d) Business Resource & Social Reporting
- In which part of the annual reports do listed companies report matters concerning Sustainability and ESG through BRSR?
- a) Financial disclosure
- b) Non-financial disclosure
- c) Executive summary
- d) Appendices
- What was the previous name of BRSR?
- a) Business Responsibility Reporting
- b) Business Sustainability Reporting
- c) Business Social Reporting
- d) Business Governance Reporting
- From what did the Business Responsibility Reporting (BRR) evolve?
- a) National Voluntary Guidelines for Responsible Business Conduct
- b) International Sustainability Standards
- c) Corporate Social Responsibility Act
- d) Global Reporting Initiative
- What is the current status of BRSR according to the text?
- a) Fully established and unchanging
- b) In early development stages
- c) A work in progress
- d) Abandoned framework