Page 352 - CA Final Audit Titanium Full Book. (With Cover Pages)
P. 352
CA Ravi Taori
ICAI initiated a Certificate Course on SDGs, BRR, and IR. It also proposed a Development Program on BRR.
ICAI Publications (Last 2 Years)
- Assurance Engagements on Greenhouse Gas Statements (SAE 3410).
- Revised BRSR Background Material (2021).
- Sustainable Development Goals – Accountants' contribution; Parts covering SDGs 1-5, 6-11, and 11-17.
- FAQs on Sustainability Reporting.
- Sustainability Reporting Maturity Model (SRMM) – Version 1.0.
(CNO SDG.160) BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT (BRSR)
Mandatory vs. Voluntary Reporting:
- Reporting under BRSR is mandatory from financial year 2022-23.
- However, disclosure was voluntary in financial year 2021-22.
Three Sections of Reporting:
- The reporting questionnaire is divided into three sections.
Section A – General Disclosures:
- This section contains the details of the listed companies, its products, services, operations, employee related
details, its holding, subsidiary, associate companies etc.
Section B – Management Process and disclosures:
- It contains questions related to policy and management processes, governance, leadership, and oversight.
Section C – Principle-wise performance disclosures:
- Companies are required to report upon Key performance indicators (KPIs) in alignment with the nine
principles of the NGRBC.
- The section classifies KPIs into two categories that companies are required to report upon:
Essential indicators (Mandatory disclosures)
- This would include data on training programs conducted, environmental data on energy, emissions, water,
waste management etc.
Leadership indicators (Optional disclosures).
- It would include life cycle assessments, details of conflict management policy, additional data, on
biodiversity, energy consumptions, supply chain managements etc.
Nine Principles Of BRSR
ESG Components of BRSR:
- Categorized into Environment, Social, Governance.
- Interlinked principles.
- Environmental protection linked to stakeholder engagement and inclusive growth.
Principle 1 – Ethics, Transparency and Accountability: Ensure business decisions are transparent and
accessible.
- Transparency and Disclosures:
- Develop ethical policies, procedures, and practices.
- Share information on these practices with stakeholders.
- Ensure transparent disclosures during adverse effects.
- Engagement and Accountability:
- Encourage value chain entities to adopt these principles.
- Address external entities violating the BRSRs.
Principle 2 – Safe and Sustainable Goals and Service: Ensure operations result in a better life for
consumers.
- Resource Optimization and Education:
- Minimize resource usage in product design.
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