News

Compliance burden reduced for listed cos, but disclosures go up

Compliance burden reduced for listed cos, but disclosures go up

The Securities and Exchange Board of India (SEBI) has increased the disclosure requirements for listed firms while removing certain compliance requirements.

In a bid to enhance disclosure on ESG (environmental, social and governance standards) information, the Sebi board, in its meeting on Thursday, has introduced new requirements for sustainability reporting by listed companies. Under the new format, called the Business Responsibility and Sustainability Report (BRSR), companies have to share quantifiable yardsticks which will allow investors to compare them across companies, sectors and time periods.

The BRSR will be applicable to the top 1000 listed entities (by market capitalization), for reporting on a voluntary basis for FY 2021 – 22 and on a mandatory basis from FY 2022 – 23, the regulator said.

Top