SEBI BRSR / BRSR Core
SEBI LODR Regulations 2015, Reg. 34(2)(f) — Business Responsibility and Sustainability Report
Topic : ESG disclosure · Level : National
Today
BRSR mandatory for top 1,000 listed. BRSR Core assessment/assurance reaches top 1,000 in FY2026-27. Value-chain items voluntary.
Summary
SEBI requires the top 1,000 listed companies to publish a BRSR. A subset of KPIs (BRSR Core) needs reasonable assurance or third-party assessment, reaching the top 1,000 in FY2026-27. In March 2025 SEBI made value-chain disclosure voluntary and deferred it.
Who is concerned
- Turnover
- not specified (top 1,000 by market cap)
- Employees
- non précisé
- Listed company
- cotées seulement
- Sectors
- All sectors
- Triggering activities
- Top 1,000 NSE/BSE listed by market cap
- Top 250: voluntary value-chain disclosure
- Extraterritorial reach
- No
Value-chain partners with ≥2% of purchases or sales may be asked for BRSR Core data, wherever based.
- Examples
- Indian auto OEM sourcing parts from China
- Listed pharma group importing Chinese APIs
- Indian solar developer buying Chinese modules
What the law requires
- File BRSR within the annual report (top 1,000 listed entities)
- Obtain reasonable assurance or assessment on BRSR Core KPIs per market-cap glide path
- Disclose ESG data for value-chain partners (≥2% of purchases/sales), voluntary from FY2025-26
- Report green credits generated or procured
Penalties
Late/missing annual report (incl. BRSR): exchange fine ₹2,000/day (CIR/2020/12), now in SEBI SOP master circular upd. 30 Jan 2026.
What this changes for a supplier in China
Chinese suppliers above 2% of an Indian top-250 buyer's purchases may get BRSR Core data requests (GHG, water, waste, labour), now on a voluntary basis.
Expected evidence
- Scope 1-2 GHG and energy data
- Water and waste figures
- Workforce, wages and safety data
Tiers : Tier 1