Sebi chief chairs meeting with corporate India on business responsibility and sustainability reporting

Sebi chief Ajay Tyagi on Friday told corporate India, that the proposed format for business responsibility and sustainability reporting is aimed at bringing greater transparency through disclosure of material ESG(environmental, social and governance) related information. As it would allow market participants to identity and assess sustainability- related risks and opportunities.

The Securities and Exchange Board of India(Sebi) conducted a round-table, which was chaired by Tyagi, on business responsibility and sustainability reporting (BRSR).

“This, I am sure, will give a big fillip to transitioning towards sustainable investments and a sustainable economy,” Tyagi said while addressing the participants.

The regulator has proposed a new BRSR format that would cover ESG related disclosures and would be applicable for the top 1000 listed companies by market capitalisation.

The discussions in round-table centered around enhancing key environment, social and governance disclosures. Such disclosures are of importance to both investors and other stakeholders, Sebi said in a statement.

The roundtable was attended by senior-level participants from the industry, comprising managing directors, chief executive officers and chief financial officers along with representatives from industry bodies FICCI, CII and Assocham as well as the fund management industry.

The participants represented diverse sectors, including pharmaceutical, chemicals, textiles, power, aviation, consumer goods, IT and financial services.



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