Sustainability / ESG / BRSR

ESG :
Environmental, Social & Governance (ESG) concerns are interwoven in each business. These concerns can be mitigated through policies, procedures and matrices & targets to track the ESG performance. ESG is primarily driven by the desire to preserve or create financial value. Companies will either avoid costs by reducing their environmental, social and governance risks, or they will be able to anticipate environmental and social opportunities and create financial value. ESG reporting is both voluntary and regulatory.

BRSR :
In 2011, Ministry of corporate Affairs (MCA) released a set of guidelines called the National Voluntary Guidelines (NVGs) on the Social, Environmental and Economic Responsibilities of business.

In 2012, Securities and Exchange Board of India (SEBI) mandated the top 100 listed companies by market capitalization to prepare Business Responsibility Report (BRR).

In 2019-20, ‘National Guidelines for Responsible Business Conduct' (NGRBCs) was released by MCA and extended BRR requirement (as a part of annual report) to the top 1000 listed companies from 2019-20.

BRR to be called Business Responsibility and Sustainability Report (BRSR). MCA issued on ESG framework consisting of 9 principles. There are essential and leadership indicators in each principle.

STEP is proactively working in the area of Sustainability Environment, Social and Governance (ESG) audits & Circularity

Apart from advisory and strategic consultation for sustainability roadmap, sustainability disclosure and BRSR reporting, STEP also provides technical consultancy for implementation of interventions for resource optimisation & reduction of environmental footprint, mitigating environmental and societal risks & impacts, business risks mapping, and for meaningful stakeholder consultations. Our holistic approach makes a difference on ground.

For detailed information on scope of work & presentation on BRSR / ESG audits please contact Jyoti.Palekar@stepsol.com