This book is humbly dedicated to the cherished memory of my dear parents, in-laws, and Guru; whose unwavering love, support, and values continue to inspire me every day. “Sumanben & Madhusudan Parikh” “Subhadraben & Ghanshyamlal Parekh” and “Param Pujya Shree Bharatgiri Bapu”
About the Author CA. Kishor M. Parikh stands out as a distinguished Fellow member of the esteemed Institute of Chartered Accountants of India (ICAI), and he proudly serves as a partner at M/s M. M. Parikh & Co. His advisory prowess also extends to Bathiya & Associates LLP, where his insights are valued. A Certificate in IFRS from the Institute of Chartered Accountants of India adorns his impressive qualifications, complemented by his successful completion of the rigorous Diploma in International Financial Reporting examination by ACCA (UK). In a span of numerous years, Mr. Parikh has immersed himself in catalyzing Environment, Social, and Governance (‘ESG’) initiatives that resonate with India Inc. His dedicated involvement is evident in his collaboration with entities embracing the Business Responsibility & Sustainability Reporting (‘BRSR’) framework, as mandated by the esteemed Securities and Exchange Board of India. This involves his adeptness in designing, executing, and curating disclosures to ensure adherence to BRSR. As an outstanding academician for over three and a half decades, he has imparted his knowledge to a vast array of professionals and corporate entities, enlightening them about BRSR. Additionally, his sagacious guidance has proven invaluable to listed companies, enabling them to align with global reporting standards such as the Global Reporting Initiative (‘GRI’). The depth of his expertise extends to presenting scholarly papers before the discerning eyes of the Office of Comptroller and Auditor General of India (CAG), as well as the esteemed officers of public enterprises under the Ministry of Industries in India. This attests to his profound influence in matters of financial and reporting significance. A special invitee to the Sustainability Reporting Standards Board of ICAI, Mr. Parikh’s insights and opinions are held in high regard. His membership in the Ind-AS implementation transition group of ICAI, along with his contributions to the Expert Advisory Committee of ICAI, further underscores his commitment to driving excellence.
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About the Author
As a visiting faculty at numerous prestigious professional platforms, Mr. Parikh imparts his wisdom on subjects spanning ESG, BRSR, Ind AS, IFRS, and other related reporting frameworks, leaving an indelible mark on the landscape of financial reporting and sustainable practices. Mobile: 98203 75766 Email: kmparikh1950@yahoo.co.in
Preface The world is rapidly changing, and so are the expectations from businesses. Today, more than ever before, companies are expected to not only generate profits but also operate sustainably and take responsibility for their impact on the environment and society. This has led to a growing interest in Environmental, Social, and Governance (ESG) issues, and the need for transparent and effective mechanism mandating statutory reporting requirement on these matters. The Business Responsibility and Sustainability Reporting (BRSR) framework, introduced by the Securities and Exchange Board of India (SEBI) in 2021, is a significant step towards promoting ESG reporting in India. The framework requires listed companies to report on their sustainability performance, governance practices, and stakeholder engagement, among other things. As the world grapples with the challenges of climate change, social inequality, and environmental degradation, the need for businesses to prioritize ESG issues has never been greater. In this context, this book on ESG and BRSR reporting aims to provide a comprehensive overview of the key concepts, practices, and challenges involved in ESG reporting and BRSR in particular. Writing a book is a collaborative effort, and it is impossible to do it alone. I would like to express my deepest gratitude to the following individuals and organizations who have contributed to the completion of this book. First and foremost, I would like to thank my family, my wife Madhavi Parikh, daughters CA Shruti Parikh and Shraddha Parikh, my brothers CA Pankaj Parikh, Paresh Parikh, CA Hiren Shah and also my friend Bharat Thakkar and Sandhya Jaswa for their unwavering support and encouragement throughout this journey. Their love and understanding has kept me grounded and motivated to push through every challenge. I-7
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I would also like to extend my appreciation to my colleagues Devi Bhatia and Jigna Dave of M.M.Parikh & Co. and CA Shailesh Bathiya, CA Umesh Lakhani, CA Anand Bathiya, Adv. Janak Bathiya, Dhruvi Joshi of Bathiya and Associates, CA Nihar Jambusaria- Past President of ICAI, CA Himanshubhai Krishnadwala, CA Chetan Shah and CA Abhay Mehta - Past Presidents of BCAs, CA Zubin Billimoria, Divya Khaire, Dr. Roshni Yehuda, CA Kamlesh Sheth, CA Jigar Parikh of Ernst & Young, CA Dhaval Thakkar, CA Tarun Ghia,CA Anand Banka, CA Yashesh Shroff, CA Sunil Mone, CA Rajesh Mody and CA Vijay bhai who have inspired me to develop deeper into this field. Their encouragement, motivation and feedback have been invaluable in shaping the content of this book. I am also grateful to the companies and organizations who have provided case studies and examples of best practices in ESG and BRSR reporting. I would like to extend my gratitude to Taxmann Publications Pvt. Ltd. for bringing out this publication in its present content and form. Lastly, I would like to acknowledge the readers of this book who are passionate about making a positive impact in the world through ESG and BRSR reporting. Your dedication to creating a sustainable and equitable future is what drives me to continue advocating for corporate responsibility and accountability. Thank you all for your support and contributions to this book.
CA. KISHOR M. PARIKH
About the Book The title of the book is “ESG and BRSR Reporting” and so far, this may be the first book on this subject in India. Businesses’ responsibilities are changing dramatically in this period of rapid and profound global development. Companies have been entrusted with the dual goals of profitability and sustainability, which necessitate an in-depth accounting of their impact on society and the environment. This change has sparked a boom of interest in Environmental, Social, and Governance (ESG) issues, which is supported by the need for transparent and effective reporting. In this story of change, the focus has shifted from shareholders to stakeholders and from purely financial gain to a firm sense of responsibility. SEBI decided to introduce new requirements for sustainability reporting by listed entities. SEBI vide Circular No. SEBI/HO/CFD/ CMD-2/P/CIR/2021/562 dated May 10, 2021 referred Applicability and Disclosure format for the Business Responsibility and Sustainability Report (“BRSR”) replacing the existing Business Responsibility Report (“BRR”). The amendment is applicable to top 1000 listed entities (by market capitalisation) on a voluntary basis for FY 2021-22 and on mandatory basis from FY 2022-23. The Circular introduced format of BRSR in Annexure I and the Guidance Note in Annexure II to the Circular to enable the companies to interpret the scope of disclosures. In this context, this book on ESG and BRSR reporting aims to provide a comprehensive overview of the key concepts, practices, and challenges involved in ESG reporting and BRSR in particular. This book brings together the insights and perspectives in the field of sustainability reporting, corporate governance, and responsible investment. It covers a wide range of topics, including the I-9
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importance of ESG reporting, the evolution of BRSR framework, key reporting frameworks and standards, and best practices in reporting on specific ESG issues such as climate change, diversity, and human rights. The book is intended for finance professionals, governance professionals, business leaders, sustainability professionals, investors, regulators, and anyone interested in understanding the growing importance of ESG issues and how to effectively report on them. We hope that the insights and knowledge shared in this book will help businesses and investors make more informed decisions, and contribute to building a more sustainable future for all.
Contents Page No. About the Author
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Preface
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About the Book
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Environmental, Social and Governance (ESG)
Global Risks
1
Concept of ESG
1
Environmental awareness in the Vedic Literature
4
Recent Global Updates
7
Advantages of Incorporating ESG Standards
15
Practical Challenges of ESG reporting
18
ESG & the Accounting Profession
21
ESG investing an evolving concept in India
27
ESG Disclosure Regulations and mandatory ESG reporting at global level
29
Case Study
32
Chapter 2
Sustainability
What is Sustainability ?
40
Triple Bottom Line; People, Planet and Profit
41
Benefits of Sustainability Reporting
46
Global Scenario of ESG Development Goals
49
Sustainable Development Goals (SDG)
51
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Page No. Chapter 3
Global ESG Reporting Framework
Climate Disclosure Standards Board (CDSB)
99
International Integrated Reporting Council (IIRC)
100
Sustainability Accounting Standards Board (SASB)
101
Task force on Climate-related Financial Disclosures (TCFD)
101
Value Reporting Foundation (VRF)
102
International Sustainability Standards Board (ISSB)
103
Global Reporting Initiative (GRI)
106
Chapter 4
Social Stock Exchange
Background
128
SSE-SEBI Recommendations and Analysis
128
Social Stock Exchange under the Regulatory Ambit of SEBI
130
Self-Regulatory Organization (SRO)
131
Social Stock Exchange at Global Level
131
Governance Disclosures
139
Financial Disclosures
141 Chapter 5
Audit and Assurance
What is Sustainability Assurance?
146
Advantages of Sustainable Assurance
146
Types of Assurance
147
Sustainability Information Assurance Standard
149
Role of Audit Committee
151
What is Social Audit?
152
Types of Social Audits
152
Who can perform Social Audit in India
156
Contents
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Social Audit Standards in India
157
Difference between Financial reporting and Sustainable reporting
159
Chapter 6
Business Responsibility & Sustainability Reporting (BRSR) Events lead to development of Business Responsibility and Sustainability Reporting (BRSR)
161
National Voluntary Guidelines (NVG)
163
National Guidelines on Responsible Business Conduct (NGRBC)
163
Practical Challenges of BRSR Adoption in India
173
Guidance Note for Business Responsibility and Sustainability Reporting Format (BRSR)
175
Assurance & Structure of ESG Disclosures
176
(a) Assurance
176
(b) Structure of BRSR Reporting
177
Chapter 7
BRSR Lite
Structure of BRSR Lite
401
Business Responsibility & Sustainability Reporting (BRSR)
173
Practical Challenges of BRSR Adoption in India 1. Identifying material issues 2. Costs of integrating BRSR practices 3. Lack of data and independent third-party opinions 4. Lack of a skilled talent pool 5. Difficulty in measuring and reporting on metrics
1. Identifying material issues One of the challenges in the adoption of BRSR practices is identifying which issues are most material to the organization and its stakeholders. Companies often face challenges in prioritizing BRSR issues because they may have limited resources and expertise, and there may be conflicting opinions on what is considered most important. This can lead to confusion about which BRSR topics to focus on, and what specific actions to take to address them. To overcome this challenge, companies need to engage in stakeholder consultation to determine the BRSR issues that are most important to their stakeholders. This can involve conducting surveys, focus groups or one-onone interviews with employees, customers, suppliers, community members, and other stakeholders. Additionally, companies can also conduct a materiality assessment to determine the most significant BRSR issues for the business. This involves evaluating the impact of BRSR issues on the business, its stakeholders and the environment, as well as their potential to impact the company’s financial performance. This information can be used to develop a BRSR strategy and action plan that is aligned with the most material BRSR issues for the organization.
2. Costs of integrating BRSR practices One of the biggest challenges in the adoption of BRSR practices is the cost associated with it. Incorporating BRSR standards and sustainability practices into your business can require significant investments, including capital expenditures, operational expenses, and staff training. These costs can include: 1. Upgrades to equipment and facilities to reduce energy consumption, carbon emissions, and waste. 2. Implementation of new management systems and processes to monitor and report on BRSR performance. 3. Development of sustainability-related products and services, as well as marketing and communications efforts to promote them.
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4. Hiring or training additional staff to support sustainability initiatives. 5. Engaging external consultants, auditors, and certifiers to verify and validate BRSR performance data.
While many companies see the long-term benefits of BRSR integration, it can be difficult to justify the initial costs, especially for smaller organizations or those with limited financial resources. Additionally, the investment in BRSR may have to compete with other pressing business priorities and budget constraints. However, it is important to recognize that BRSR practices can contribute to cost savings over time, and can also improve brand reputation and attract new customers, lenders, and investors.
3. Lack of data and independent third-party opinions Another challenge in adopting BRSR practices is the lack of data and independent third-party opinions. It can be difficult to know what BRSR issues are most important and to accurately assess their impact. Some companies may not have access to reliable data, or may have difficulty assessing the impact of certain BRSR issues on their operations. In these cases, it can be difficult to develop a comprehensive and meaningful BRSR strategy that truly reflects the company’s values and priorities. To overcome this challenge, companies may need to invest in new data collection and analysis methods, or engage external experts to help them understand their BRSR risks and opportunities. In addition, it is important to seek independent third-party opinions from organizations such as auditors, sustainability consultants, or ratings agencies to help verify the company’s BRSR performance and validate its sustainability commitments. By doing so, companies can ensure that their BRSR practices are aligned with industry best practices, and that their performance is accurately reflected in BRSR ratings and indices.
4. Lack of a skilled talent pool Another challenge in the adoption of BRSR practices is the lack of a skilled talent pool. BRSR requires specific knowledge and expertise in areas such as environmental impact assessments, sustainability reporting, and risk management. Many companies do not have access to the necessary internal resources to implement BRSR practices effectively. It can be difficult for companies to find and retain employees who are knowledgeable about BRSR best practices and can help to ensure that BRSR initiatives are aligned with business objectives. In order to overcome this challenge, companies may need to invest in employee training and development programs or engage external experts to help guide their BRSR efforts.
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175
5. Difficulty in measuring and reporting on BRSR metrics BRSR metrics can be difficult to measure and report on accurately. For example, measuring a company’s carbon footprint can be a complex process that involves tracking emissions from various sources and accounting for factors such as changes in production levels and the use of renewable energy sources.
Guidance Note For Business Responsibility & Sustainability Reporting Format I. General Guidance 1. Inter-operability of reporting framework - Those listed entities which prepare and disclose sustainability reports (as part of annual report) based on internationally accepted reporting frameworks such as GRI, SASB, TCFD, Integrated Reporting, can cross-reference the disclosures made under such framework to the disclosures sought under the BRSR. Further, in case the data sought in the reporting format is already disclosed in the annual report, the listed entity can provide a cross-reference to the same. Thus, an entity need not disclose the same information twice in the annual report. However, the entity should specifically mention the page number of the annual report or sustainability report where the information sought under the BRSR format is disclosed as part of the report prepared based on internationally accepted reporting framework. 2. Consistency in reporting boundary- The BRSR seeks disclosure of the reporting boundary i.e., whether the reporting is done for the entity on a stand-alone or consolidated basis (Reference: Question 13, Section A). Listed entities shall ensure consistency in reporting boundary across the report. 3. Applicability - Some of the disclosures sought under the BRSR may not be applicable to certain industries, say the service industry. In such cases, the entity can state that such disclosure is not applicable along-with reasons for the same. 4. The term “reporting period” refers to the financial year for which BRSR is being prepared. 5. The listed entity should endeavour to provide clear, complete and concise responses. The web-links to the relevant document may be provided, if available. 6. The information sought on complaints in the format are accompanied with a column of “Remarks” where entities can explain reasons for pending complaints (if any) or can give a brief on the nature of the complaints, wherever required
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7. With regard to disclosures relating to gender, the format specifies male and female, however in case the entity has employed persons who have not disclosed gender or belong to any other gender, a separate column of “Other” may be added for such disclosures. 8. The term “Principles” refers to the principles 1 to 9 as laid down in the National Guidelines for Responsible Business Conduct (available at the following link: https://www.mca.gov.in/Ministry/pdf/NationalGuildeline_15032019.pdf). 9. In addition to the disclosures sought under the format, the entity may disclose any other relevant sustainability related information at appropriate places. Note: This guidance note has been prepared using references from the National Guidelines for Responsible Business Conduct (NGRBCs), GRI sustainability reporting standards and various laws issued by the Government.
Assurance & Structure of ESG Disclosures SEBI vide Circular No. SEBI/HO/CFD/CFD-SEC-2/P/CIR/2023/122 dated July 12, 2023 had prescribed the BRSR Core & updated BRSR format with an overview on Framework for Assurance & ESG Disclosure for Value Chain. From FY 2023–2024, the top 1000 listed entities (by market capitalization as per Circular No. SEBI/HO/CFD/CMD-2/P/CIR/2021/562) shall make disclosures as per the updated BRSR format, as part of Annual Report. (a) ASSURANCE
In order to achieve the twin objectives of improving credibility and limiting the cost of compliance, BRSR Core has been developed for reasonable assurance which consists of select Key Performance Indicators (KPIs) under each E, S and G attributes/areas that needs to be reasonably assured. The BRSR Core framework also specifies the methodology to facilitate reporting by corporates and verification of the reported data by an assurance provider. Listed entities shall mandatorily undertake reasonable assurance of the BRSR Core, as per the glide path specified in the following table: Financial Year
Applicability of BRSR Core to top listed entities (by market capitalization)
FY 2023-24
Top 150 Listed Entities
FY 2024-25
Top 250 Listed Entities
FY 2025-26
Top 500 Listed Entities
FY 2026-27
Top 1000 Listed Entities
Assurance Provider:
The Board of the listed entity shall ensure that the assurance provider of the BRSR Core has the necessary expertise, for undertaking reasonable assurance.
Business Responsibility & Sustainability Reporting (BRSR)
177
The listed entity shall ensure that there is no conflict of interest with the assurance provider appointed for assuring the BRSR Core. For instance, it shall be ensured that the assurance provider or any of its associates do not sell its products or provide any non-audit/non-assurance related service including consulting services, to the listed entity or its group entities. ESG Disclosure for Value Chain: Disclosures for value chain shall be made by the listed company as per BRSR Core, as part of its Annual Report. For this purpose, value chain shall encompass the top upstream and downstream partners of a listed entity, cumulatively comprising 75% of its purchases/sales (by value) respectively. Listed entities shall report the KPIs in the BRSR Core for their value chain to the extent it is attributable to their business with that value chain partner. Such reporting may be segregated for upstream and downstream partners or can be reported on an aggregate basis. Assurance Applicability for Disclosures of Value Chain:
ESG disclosures for the value chain shall be applicable to the top
250 listed entities (by market capitalization), on a comply-or-explain basis from FY 2024-25.
The limited assurance of the above shall be applicable on a com-
ply-or-explain basis from FY 2025-26. (b) STRUCTURE OF BRSR REPORTING BRSR Core & Updated BRSR The BRSR Core is a sub-set of the BRSR, consisting of a set of Key Performance Indicators (KPIs)/metrics under 9 ESG attributes. Keeping in view the relevance to the Indian/Emerging market context, few new KPIs have been identified for assurance such as job creation in small towns, openness of business, gross wages paid to women etc. Further, for better global comparability intensity ratios based on revenue adjusted for Purchasing Power Parity (PPP) have been included. The format of BRSR Core for reasonable assurance is placed at Annexure I. The BRSR format after incorporating new KPIs of BRSR Core is placed as Annexure II. In order to facilitate the verification process, the BRSR Core specifies the data and approach for reporting and assurance. It is however clarified that the approach specified is only a base methodology. Any changes or industry specific adjustments/estimations shall be disclosed. The following are the details of: 1. Annexure I – BRSR Core 2. Annexure II - Business Responsibility and Sustainability Report Updated Format as per SEBI
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Business Responsibility & Sustainability Reporting (BRSR)
3. Linkage of GRI Standards with SEBI BRSR Reporting requirements 4. Linkage of SDG & BRSR Principles 5. Case Study
ANNEXURE I – BRSR Core Attributes
Sr. No.
Attribute
1.
Green-house To t a l S c o p e gas (GHG) 1 e m i s s i o n s (Break-up of the footprint GHG into CO2, Greenhouse CH4, N2O, HFCs, gas emissions may be PFCs, SF6, NF3, if measured in available)
Parameter
accordance with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard
To t a l S c o p e 2 emissions (Break-up of the GHG (CO2e) into CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, if available)
Measurement
Data & Assurance Approach
Cross – reference to the BRSR
GHG (CO 2 e) Emission in Mn MT/KT/ MT Direct emissions from organ i z a t i o n ’s owned- or controlled sources
1. Absolute Fossil Fuel (Coal, Natural Gas, Diesel, FO etc.) Consumption (Mn MT/KT/ MT/MM BTU etc.) 2. Emission Factor (GHG in CO2e/Unit of Measure) – IPCC or Actual Testing from Accredited Test Lab 3. Quantity of Carbon Capture (Mn MT/KT/MT) 4. GHG emissions in CO2 equivalent by process (Non-Fuel Source) (Mn MT/KT/MT/MM BTU) 5. Fugitive emissions 6. Total Scope 1 GHG Emissions: Point 2 × Point 1 – Point 3 + Point 4 + Point 5
Principle 6, Question 7 of Essential Indicators
GHG (CO 2 e) Emission in Mn MT/KT/ MT Indirect emissions from the generation of energy that is purchased from a utility provider
1. Total Consumption of Purchased Energy (MW), Steam (MT), Refrigeration (MMBTU) 2. GHG (CO2e) Emission Factor across all purchased energy sources - IPCC or actual from the supplier (audited certificates) 3. Total Scope 2 GHG Emissions: Total Consumption × Emission Factor
Principle 6, Question 7 of Essential Indicators
Business Responsibility & Sustainability Reporting (BRSR) Sr. No.
2.
Attribute
Parameter
Measurement
179
Data & Assurance Approach
Cross – reference to the BRSR
GHG Emission Total Scope Intensity (Scope 1 and Scope 1 + 2) 2 emissions ( M T ) / To t a l Revenue from Operations adjusted for PPP
1. Total Emission (Scope 1 & 2) 2. Total Revenue from Operations – From Audited P&L Statement 3. PPP (USD/INR)
Principle 6, Question 7 of Essential Indicators
Total Scope 1 and Scope 2 emissions ( M T ) / To t a l Output of Product or Services
1. Total Emission (Scope 1 & 2) as above 2. Company & Sector Specific (i.e., No. of Vehicles Produced, MT of Material Produced, Data in Mn TB, No. of Seats/Travel Class, Room-nights etc.)
Principle 6, Question 7 of Essential Indicators
Water foot- Total water con- Mn Lt or KL print sumption
Water consumed is water that it is no longer available for use by the ecosystem or local community, such as water that has been withdrawn and incorporated into products or has evaporated or is polluted to the point of being unusable by other users, and is therefore not released back to surface water, groundwater, seawater, or a third party.
Principle 6, Question 3 of Essential Indicators
It also includes water that has been stored during the reporting period for use or discharge in a subsequent reporting period. If the entity cannot directly measure its water consumption, it may calculate this using the following: 1. Input water flow meter logs (Calibrated Meters) 2. Output water flow meter logs (Calibrated Meters)
180 Sr. No.
Business Responsibility & Sustainability Reporting (BRSR) Attribute
Parameter
Measurement
Data & Assurance Approach
Cross – reference to the BRSR
3. Water consumption = Input Water - Output Water
3.
Water consump- Mn Lt or KL/ tion intensity Rupee adjusted for PPP
1. Total water consumed 2. Total Revenue from Operations (from audited P&L) 3. PPP (USD/ INR)
Principle 6, Question 3 of Essential Indicators
Mn Lt or KL/ Product or Service
1. Consumption as above 2. Company & Sector Specific (i.e., No. of Vehicles Produced, MT of Material Produced, Data in Mn TB, No. of Seats/Travel Class etc.)
Principle 6, Question 3 of Essential Indicators
Water Discharge Mn Lt or KL – by destination and levels of Treatment
1. Untreated Water 2. Primary Treatment (Removal of material that floats or settle out i.e Filtration, Screening, Sedimentation etc.) 3. Secondary Treatment (Removal of Dissolved organic Matter i.e. Oxidation, Digestion etc.) 4. Tertiary Treatment (Disinfecting Water i.e. removal of pat
Principle 6, Question 4 of Essential Indicators
Energy foot- Total energy con- In Joules or Total energy consumption print sumed multiples = nonrenewable fuel consumed + renewable fuel consumed + purchased electricity, heating, cooling, steam + self-generated electricity, heating, cooling, steam (If the entity generates electricity from a non-renewable or renewable fuel source and then consumes the generated electricity, the energy consumption shall be counted only once)
Principle 6, Question 1 of Essential Indicators
% of energy consumed from renewable source In % terms
Energy consumed through renewable sources/total energy consumed
Business Responsibility & Sustainability Reporting (BRSR) Sr. No.
4.
Attribute
Parameter
Measurement
181
Data & Assurance Approach
Cross – reference to the BRSR
Energy intensity Joules or multiples/Rupee adjusted for PPP
1. Total energy consumed 2. Total Revenue from Operations (from audited P&L) 3. PPP (USD/INR)
Principle 6, Question 1 of Essential Indicators
Joules or multiples/Product or Service
1. Consumption as above 2. Company & Sector Specific (i.e., No. of Vehicles Produced, MT of Material Produced, Data in Mn TB, No. of Seats/Travel Class etc.)
Principle 6, Question 1 of Essential Indicators
E m b r a c i n g Plastic waste (A) Kg/MT circularity details related to waste management by the entity
Absolute weight of the packaging material (Bags, Bottles, Pallets etc.) discarded as defined under the Plastic Waste Management Rules, 2016 and amendments thereof
Principle 6, Question 9 of Essential Indicators
E-waste (B)
Kg/MT
Discarded Computers, televisions, cell phones, VCRs, stereos, DVD players, copiers, and fax machines etc. as listed under e-Waste Management Rules, 2016 and amendments thereof
Principle 6, Question 9 of Essential Indicators
Bio-medical waste (C)
Kg/MT
Solids and liquid waste including its container and any intermediate product, which is generated during the diagnosis, treatment or immunization of human beings or animals or research activities as listed under Bio-medical Waste Management Rules, 2016 and amendments thereof
Principle 6, Question 9 of Essential Indicators
Construction and demolition waste (D)
Kg/MT
Construction waste as per C&D waste management Rules 2016 and amendments thereof like concrete, plaster, metal rods/wires, wood, plastics etc.
Principle 6, Question 9 of Essential Indicators
Battery waste (E) Kg/MT
Discarded batteries i.e., Liion, Alkaline, Lead Acid etc. used in vehicles, computers & laptops, mobiles other electronics, UPS, Power Back up etc. as per Bat-
Principle 6, Question 9 of Essential Indicators
182 Sr. No.
Business Responsibility & Sustainability Reporting (BRSR) Attribute
Parameter
Measurement
Data & Assurance Approach
Cross – reference to the BRSR
tery Waste Management Rules, 2016 and amendments thereof Radioactive waste (F)
Kg/MT
Discarded material such as paper, plastic, clothes, equipment, and machine parts etc. having exposure to radiation across Nuclear Power Plants, Hospitals, Research Laboratories, and Industrial Applications etc.)
Principle 6, Question 9 of Essential Indicators
Other Hazard- Kg/MT ous waste. Please specify, if any. (G)
As per hazardous waste Principle 6, management rules of CPCB Question 9 of Essential Indicators
Other Non-haz- Kg/MT ardous waste generated (H). Please specify, if any. (Break-up by composition i.e., by materials relevant to the sector)
Waste not identified as Haz- Principle 6, ardous as per CPCB Question 9 of Essential Indicators
Total waste gen- Kg/MT erated (A+B + C +D+E+F+G + H)
self-explanatory
Principle 6, Question 9 of Essential Indicators
Waste intensity
Kg or MT/Rupee adjusted for PPP
1. Total waste generated 2. Total Revenue from Operations (from audited P&L) 3. PPP (USD/INR)
Principle 6, Question 9 of Essential Indicators
Kg or MT/Unit of Product or Service
1. Total waste generated 2. Company & Sector Specific (i.e., No. of Vehicles Produced, MT of Material Produced, Data in Mn TB, No. of Seats/Travel Class etc.)
Principle 6, Question 9 of Essential Indicators
ESG & BRSR Reporting AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE
: : : : : : :
KISHOR M PARIKH TAXMANN OCTOBER 2023 2023 EDITION 9789357789080 460 PAPERBACK
Rs. 995 | USD 43
Description The first dedicated book on the subject of Environmental, Social and Governance (ESG) and Business Responsibility & Sustainability Reporting (BRSR) provides a comprehensive overview of the following: u
Key Concepts
u
Practices
u
Challenges
It discusses the format of BRSR and guides companies to understand the scope of disclosures. It combines insights and perspectives from sustainability reporting, corporate governance, and responsible investment. The book is designed to help finance/governance/sustainability professionals, business leaders, investors, regulators, and anyone keen to understand the significance of ESG issues and effective reporting. The Present Publication is the latest 2023 edition and has been amended up to September 2023. This book is authored by Kishor M Parikh.
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