15) Business Responsibility Reporting (BRR)

Question 1

What is BRR ?

Answer 1

It is a disclosure of adoption of responsible business practices by a listed company to all its stakeholders

Question 2

Is it applicable to all companies ?

Answer 2

YESS all types including manufacturing, services etc

Question 3

Who has released a report on this regard ?

Answer 3

Ministry of Corporate Affairs under Gyaneshwar Kumar Singh

Question 4

Key recommendations of this ?

Answer 4

1) Improve the scope of reporting on Non financial parameters
2) BRR to be integrated with MCA 21 portal
3) Information captured through BRSR filings should be used to develop an index – Business Responsibility Sustainability Index
4) Top 1000 listed companies are to undertake this reporting mandatorily
5) Reporting requirement may be extended by MCA to unlisted companies above specified thresholds of turnover and/or paid-up capital