A – BRR vs. BRSR General information and general disclosures

A – BRR vs. BRSR General information and general disclosures

A – BRR vs. BRSR General information and general disclosures

Business Responsibility Report (BRR)

AGeneral information about the company
(i)CIN no of the company
(ii)Name of the company
(iii)Registered office of the company
(v)Email id
(vi)Financial year reported
(vii)Sectors Sector(s) that the Company is engaged in (Industrial Activity Code-wise)
(i) List three key products /services that the company manufactures/ provides (as in balance sheet)
(j) Total number of locations where business activity is undertaken by the company
(k) Markets served by the company – Local/State/ National/International Corporate Social Responsibility required to be provided under the financial details of the company
Business Responsibility and Sustainability Report (BRSR)
General disclosures (details of additional disclosures)
(i)Details of the entity
 Name, contact details – phone no, email address – reporting boundary i.e. standalone or consolidated (company should ensure consistency in reporting boundary across the report.
(ii)Product / services
 Details of business activities, products and services sold by the company that account for 90% of the company’s turnover. Individual contribution of such products / services to the total turnover also required to be disclosed.
(iii)Market served by the company
 Number of location (national and international) along with a brief description on types of consumers served.
 Total number of employees at the reporting period – in case of significant change from the beginning to the end, reasoning is required to be disclosed.
Number of women and KMP in the board.
Trend of past three years relating to turnover rate of permanent employees.
(v)Corporate Social Responsibility in the new report forms part of the disclosure.
 Following disclosures are not required in the new format
– total spending on CSR as %age of Profit after tax.
– list of activities under which CSR expenditure is incurred.
(vi)Transparency and disclosure compliance
 Disclosure required relating to complaints / grievances on any aspect of the National Guidelines of Responsible Business Conduct during the current year and previous year (Complaints could be from communities, investors, shareholders, employees, customers, value chain partners and others).
(vi)Overview of the company’s material responsible business conduct issues
 Specific disclosure called for on “material responsible business conduct” and sustainability issues relating to environmental, social and governance (ESG) along with risk / opportunity to the company’s business along with reasoning behind identifying the same – risk mitigation plan and the financial implications. (the companies to make qualitative disclosures – not to include quantitative forward looking information except in case of previous year where impact could be disclosed in terms of quantitative).

No post found!

Foundation stone for BRSR

What is BRSR?

Key disclosures in BRSR

B – BRR vs. BRSR Financial disclosures Vs. Management and process disclosures

C – BRR vs. BRSR Other details and Business Responsibility Information

Role of Chartered Accountants in BRSR

Observations about financial assets and liabilities

Principles and principle-wise performance disclosures