The Securities and Exchange Board of India (SEBI), Business Responsibility Reports, 2015.

India Current 2015

The board of the Securities and Exchange Board (SEBI) mandated listed companies to submit Business Responsibility Reports, describing measures taken along the key principles enunciated in the ‘National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business’ framed by the Ministry of Corporate Affairs (MCA). This requirement is initially only applicable to the top 500 companies in terms of market capitalization, and will be extended to other companies in phases. Its Clause 55 requires companies to engage in a thorough E&S reporting process. It also encourages all companies to abide by the disclosure requirements and is based on a ‘comply or explain’ principle.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Large listed companies

Issuer type

Financial Regulators

Type of instrument

Requirement

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners