BRSR
Green jobs in textile can become the largest job opportunity in India: Aditya Birla Fashion’s Naresh Tyagi
As the world of textile rapidly moves towards becoming sustainable, it also seeks skills for the same. India, which is one of the largest textile manufacturers, can create a big pool of green talent.
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
Why it is time to focus on plastic waste recycling and renewables
Efforts are underway to streamline processes, enhance transparency, and create value in the recycling industry. Companies are focusing on sustainability and profitability through efficient resource management.
What are Indian consumers most hassled about?
India's top 1,062 listed companies cumulatively received over 48.4 million consumer complaints in FY23, 14% lower than in FY22, showed data sourced from Prime Database. Disclosing the number of customer complaints forms part of the business responsibility and sustainability reporting (BRSR) framework that is mandatory disclosure for the top 1,000 listed companies from FY23.
Majority of top-100 companies making disclosures about carbon emissions: PwC India
A PwC India survey indicates that 51% of India's top 100 companies have begun disclosing carbon emissions voluntarily, with 31% revealing their net-zero targets. With new ESG regulations, India's transition to BRSR Core showcases its commitment to sustainability reporting. This shift highlights a growing awareness of sustainability's importance in business strategy. ESG reporting through BRSR enhances transparency, enabling stakeholders to make informed decisions.
Everyone wants to board India's growing ESG compliance gravy train
Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.
Top listed firms report increase in staff injuries suffered at workplace
SEBI guidelines led to increased injury reporting at top companies, with a focus on white-collar employees. Challenges remain in underreporting incidents among blue-collar workers. Companies like IndiGo are enhancing safety measures for employees.
ESG reporting witnesses increase in global variance
India has been an early adopter of corporate ESG regulations - be it mandating listed companies to spend towards corporate social responsibility or disclosing ESG parameters through the 'business responsibility and sustainability reporting', or BRSR. Since FY23, the top 1,000 listed companies in India have been disclosing over 1,600 data points pertaining to different aspects of the ESG framework as part of the BRSR.
Xcelerate acquires stakeholder communications consultancy Stirrup Communication
Stirrup Communication, boasting a current clientele of more than 250, ranging from the Tata Group to the Birla Group, specializes in ESG communications and corporate reporting.
Green is the new gold: Investors flock to sustainable opportunities in 2024
India is making significant strides towards sustainable development through regulatory mandates like the Energy Conservation (Amendment) Bill 2022 and BRSR, unleashing investment opportunities for Indian businessmen and investors.
Top companies score on sustainability, cut water consumption by 16% in FY23
The top five listed corporate consumers of water - NTPC, Vedanta, Tata Steel, Reliance Industries and IOCL - together consumed 1.9 billion kl in FY23 - 2.6% higher than the previous year. However, three of these companies - Vedanta, Reliance Ind and IOCL - have reduced their y-o-y consumption by 6%, 0.9% and 3%, respectively.
India's growth needs to be in tandem with sustainable economy: Sebi's Ashwani Bhatia
"The Indian economy is at a stage of rapid growth. However, this growth needs to be accompanied with the transition to a sustainable economy. As regulators, we are putting in place holistic regulatory framework covering aspects of financing or disclosures and transparency," Ashwani Bhatia said.
More than 42,000 cases came for resolution under insolvency law, says IBBI official
At an event in the national capital on Tuesday, IBBI Whole Time Member Sudhaker Shukla also said that while competition and innovation are two things that drive a company, resolvability is a goal to cherish. "It ensures that companies remain sustainable and adaptable," he added.
Credit rating practices in India: SEBI’s exemplary role
India's Securities and Exchange Board has implemented a robust regulatory framework for credit rating agencies (CRAs), following the 2008 financial crisis. Among the key changes SEBI has made, CRAs must now consider ESG factors in assessing credit risk, and provide investors with detailed information relating to a firm's approach to environmental, social and governance concerns.
Companies across APAC stepping up efforts to keep whistleblower policies up to date
"This is partly because it is being talked about mainly by the regulators like Sebi... I think there is a good understanding of the environmental part... It's the S and the G that are less understood," she said.
Women continue to lag in financial services roles in India: Study
The BRSR framework is a set of sustainability disclosures released by Sebi in 2021 and Indian companies were asked to report topics such as workforce composition, pay, attrition, and other factors, split by gender. The disclosures are voluntary for FY22, and mandatory for the top 1,000 companies from FY23
Dun & Bradstreet India launches ESG Intelligence, aims to help organisations turn ESG-compliant
It has been launched to help organisations become ESG-compliant by conducting self-assessments as well as accessing third-party ESG reports on suppliers, vendors and other supply chain partners.
How BRSR reporting standards are likely to look like for India Inc
The new reporting is aimed at bringing greater transparency through disclosures on Environmental, Social and Governance (ESG)-related information.
Sebi extends deadline for public comments till Oct 18 on biz responsibility reporting format
"In view of the impact of the COVID-19 pandemic, it has been decided to extend the timelines for seeking public comments to October 18, 2020," the Securities and Exchange Board of India (Sebi) said in a statement.
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