Page 354 - CA Final PARAM Digital Book.
P. 354
Determines an organization’s competitive advantage linked to R&D, innovation, and external
relationships.
The Asia Pacific region leads in sustainability data presentation in annual reports, with 60% of
companies reporting in 2022. Integrated reporting is prominent in the Middle East.
QNO Identification of Capitals in Integrated Reporting New Course – (SM23)
SDG.250 TITANIUM CNO -- SDG.080
Trustworthy Industries Limited (a listed company) has already been preparing and disclosing its
sustainability report based upon internationally accepted reporting framework of “Integrated
Reporting” on a voluntary basis even some years before BRSR reporting became mandatory. Even
after BRSR reporting became mandatory, it is cross-referencing disclosures made under such
reporting to disclosures sought under BRSR. The key thrust of “Integrated Reporting” is how
company creates value over short, medium and long term.
Following further information is provided in respect of the above company: -
[i] It has increased the number of customers using digital customer mobile app of the company from
2 lac users to 4 lac users. There is 100% increase in digital collection. It has benefitted customers of
the company and resulted in use of digital methods for business operations of the company.
[ii] It has increased the number of beneficiaries under its flagship CSR programmes from previous
10000 to 75000. It has provided value for communities and provided sustainable livelihood to them.
Discussing above information, identify which of the capitals of “Integrated Reporting” are being
referred to at [i] and [ii] respectively?
Answer Identification of Capitals in Integrated Reporting
1. Digital Advancement:
- [i] Increased use of the company's digital mobile app and a 100% rise in digital collection.
- Investment in innovation and deriving business benefits from digitization.
- Capital: Intellectual Capital.
2. Community Engagement:
- [ii] Growth in beneficiaries under the flagship CSR programs, providing value and sustainable
livelihood to communities.
- Strengthening relationships within and between communities and stakeholders.
- Capital: Social and Relationship Capital.
QNO Applicability of BRSR New Course – (SM23)
SDG.275 TITANIUM CNO -- SDG.120
What type of companies are required to mandatorily furnish the Business Responsibility and
Sustainability Report (BRSR) as per the SEBI circular with effect from FY 2022-23?
Answer Reporting under BRSR is mandatory from financial year 2022-23. However, disclosure was voluntary in
financial year 2021-22. SEBI has currently started with the top 1,000 listed companies. But very soon,
remaining listed companies would also need to comply with the provisions of BRSR.
QNO Nine principles of BRSR New Course – (SM23)
SDG.300 TITANIUM CNO -- SDG.160
What are the nine principles of BRSR? How are the nine principles of BRSR linked with the 17 UN
Sustainable Development Goals?
Note: (Explain Nine Principles, I don’t expect all principles in one question in exams, they may target
individual principle and to remember linking with 17 UN SDGs as given in ICAI table is impossible so
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