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The Securities and Exchange Board of India (SEBI) told/familiarized about novel requirements for sustainability reporting by the Indian entities by market capitalization in a new format called the Business Responsibility and Sustainability Report (BRSR). The companies to which the new requirement applies need to disclose its Environmental, Social, and Governance (ESG) risks and opportunities, their approach to mitigate the risks or adapt to them, and the financial implications involved in this process.
Thus, this division is working in the area of Sustainability Reporting which deals with the disclosure and communication of environmental, social, and governance (ESG) issues as well as a company growth in the broadest sense and help companies to build consumer self-confidence and expand corporate statuses by social responsibility programs, increased innovation and risk management.
It enables companies to be more transparent about the risks and opportunities they face, giving stakeholders greater insight into performance beyond the bottom line. Sustainability Reporting is beneficial in several ways like understanding of risks and opportunities, identify link between financial and non-financial performance, to understand long-term management strategy, policy and business plans, reducing costs and improving efficiency, helps companies avoid publicized environmental, social and governance failures as well as assesses sustainability performance with respect to laws, norms, codes, performance standards and voluntary initiatives.
EPR (BATTERY & PLASTIC)