Which of the following statements is/are correct with reference to the Business Responsibility and Sustainability Report (BRSR)?

Which of the following statements is/are correct with reference to the Business Responsibility and Sustainability Report (BRSR)?

A. It will replace the existing Business Responsibility Report (BRR).

B. The BRSR will be applicable on the top 1,000 listed entities by market capitalization.

C. Both A & B

D. None of these

Explanation:

Securities and Exchange Board of India (SEBI) came out with disclosure requirements under business responsibility and sustainability reporting, covering environmental, social and governance perspectives, which will be applicable on the top 1,000 listed entities by market capitalisation. The new report — Business Responsibility and Sustainability Report (BRSR)– will replace the existing Business Responsibility Report (BRR). The move is expected to bring in greater transparency and enable market participants to identify and assess sustainability-related risks and opportunities.