Consider the following statements : I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR). II. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature. Which of the statements given above is/are correct?
A
I only
B
II only
Correct answer
C
Both I and II
D
Neither I nor II
Explanation
Statement II is correct because the BRSR framework focuses on Environmental, Social, and Governance (ESG) metrics, which are non-financial disclosures regarding a company's ethical conduct and environmental impact. Statement I is incorrect because the mandate for BRSR is issued by the **Securities and Exchange Board of India (SEBI)**, not the RBI, and it applies specifically to the top 1,000 listed companies by market capitalization rather than all listed companies. The core concept tested is the regulatory framework for **ESG (Environmental, Social, and Governance) reporting** in India.
Corporate GovernanceESG DisclosuresBRSRSEBIESG ReportingNon-financial disclosuresListed companies