CIRCULAR
SEBI/HO/CFD/CFD-PoD-1/P/CIR/2024/177 December 20, 2024
To,
All listed entities
All the recognized Stock Exchanges
The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
Federation of Indian Chambers of Commerce and Industry (FICCI)
Confederation of Indian Industry (CII)
Dear Sir/Madam,
Sub: Industry Standards on Reporting of BRSR Core
1. In order to facilitate ease of doing business and to bring about standardization
in implementation, the Industry Standards Forum (“ISF”) comprising of
representatives from three industry associations, viz. ASSOCHAM, CII and
FICCI, under the aegis of the Stock Exchanges, has formulated industry
standards, in consultation with SEBI, for effective implementation of the
requirement to disclose Business Responsibility and Sustainability Report
(BRSR) Core under Regulation 34(2)(f) of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“LODR Regulations”) read with
Chapter IV-B of SEBI master circular for compliance with the provisions of the
LODR regulations by listed entities, issued vide SEBI/HO/CFD/PoD2
/CIR/P/0155 and dated November 11, 2024.
2. The industry associations which are part of ISF (ASSOCHAM, FICCI, and CII)
and the stock exchanges shall publish the aforesaid industry standards on their
websites.
3. The listed entities shall follow the above industry standards to ensure
compliance with SEBI requirements on disclosure of BRSR Core.
4. This circular shall be applicable for FY 2024-25 and onwards.
5. The Stock Exchanges are advised to bring the contents of this circular to the
notice of their listed entities and ensure its compliance.
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6. This circular is issued in exercise of the powers conferred under Section 11(1)
and 11A of the Securities and Exchange Board of India Act, 1992 read with
regulation 101 of LODR Regulations.
7. This circular is available on SEBI website at www.sebi.gov.in under the
category: ‘Legal → Circulars’.
Yours faithfully,
Vimal Bhatter
Deputy General Manager
Corporation Finance Department
Tel. No.: +91 22 2644 9386
Email id: vimalb@sebi.gov.in
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