Q34.
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?
Answer
B
Explanation
I is not correct: In terms of amendment to 34 (2) (f) of LODR Regulations vide Gazette no. SEBI/LAD-NRO/GN/2021/22, SEBI new reporting requirements on ESG called the Business Responsibility and Report (BRSR). II is correct: The BRSR is intended towards quantitative and standardized disclosures on ESG (Environment, Social, Governance) to comparability across companies, sectors and disclosures will be helpful for investors to better investment decisions.