Consider the following statements I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Re…

Question

Consider the following statements:

I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).

II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.

Which of the statements given above is/are correct?

1. A. I only
2. B. II only (Correct answer)
3. C. Both I and II
4. D. Neither I nor II

Correct Answer

Option B — II only

Detailed Solution & Explanation

The correct answer is II only.

Key Points

• only Statement II is correct.
• Explanation: Statement II is correct because BRSR (Business Responsibility and Sustainability Report) disclosures are largely non-financial, covering Environmental, Social and Governance (ESG) parameters such as emissions, energy and water use, employee well-being, diversity and governance practices.
• Why Statement I is wrong: The BRSR is mandated by SEBI (not the RBI) and applies only to the top 1000 listed companies by market capitalisation, not to all listed companies.

Additional Information

• The BRSR replaced the earlier Business Responsibility Report (BRR), is aligned with the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC), and became mandatory for the top 1000 listed entities from FY 2022-23.