What are the different sections of Business Responsibility Reporting framework as per LODR regulations?
CS Professional · Ethics, Governance and Sustainability · PYQS · June 2017
What are the different sections of Business Responsibility Reporting framework as per LODR regulations?
Answer & Explanation:
As per Regulation 34 of SEBI (LODR) 2015, the Annual Report of the top five hundred listed entities based on market capitalization (calculated as on March 31 of every financial year), should contains a business responsibility report describing the initiatives taken by them from an environmental, social and governance perspective, in the format as specified by the Board from time to time. It referred the SEBI circular CIR/CFD/DIL/8/2012 vide dated 13th August 2012, in which the Business Responsibility Report framework is divided into five sections: Section A: General Information about the Organisation – Industry Sector, Products & Services, Markets, other general information. Section B: Financial Details of the Organisation – Paid up capital, Turnover, Profits, CSR (Corporate Social Responsibility) spend. Section C: Other Details – BR initiatives at Subsidiaries and Supply-chain Partners. Section D: BR Information – Structure, Governance & Policies for Business Responsibility. Section E: Principle-wise Performance – Indicators to assess performance on the 9 Business Responsibility principles as envisaged by the National Voluntary Guidelines (NVGs).
Topics: Sustainability Reporting
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