Developing a mandatory sustainability reporting model for Indian companies

The Sustainability Reporting Standard Board under the Institute of Chartered Accountants of India wants to develop a single BRSR reporting format for all non-financial disclosures and align it with the global trends.

Comprehensive and comparable disclosures by Indian companies will encourage all businesses – private, public and non-profit - towards responsible and sustainable activities. Greater businesses impact on the environment and society will assist India to achieve the Sustainable Development Goals (SDGs) at a higher speed.

Overall, the higher applicability of the Business Responsibility and Sustainability Report will make businesses more socially responsible which will not only allow them to generate financial benefits through their sustainable activities but also contribute towards the sustainable development goals. 

The Sustainability Reporting Maturity Model V 1.0 developed by our research team, allows the Indian companies to apply a standardized international scale and allows the rating agencies and assurance providers to compare the sustainable nature of the Indian companies with other international companies.

A scoring mechanism, comprised of a total of 300 points, facilitates the conversion of qualitative information to measurable and machine-readable quantitative data and provides a “comparability index”. 

The Business Responsibility and Sustainability Report (BRSR) is mandated by the Securities and Exchange Board of India (SEBI) for the top 1000 listed companies (by market capitalization) with effect from the financial year 2022-2023. 

Meet the Principal Investigator(s) for the project

Dr Monomita Nandy - Monomita Nandy is a Professor in Accounting and Finance in Brunel Business School (BBS). Prof Nandy is the Vice Dean International of the College of Business, Arts and Social Sciences (CBASS). She has completed her two PhDs from the University of Calcutta, India, and the University of Rome Torvergata, Italy. Prior to joining Brunel University, she has held academic and research positions at Lally Business School, New York, Radboud University, Holland, Surrey University, UK and leading institutes in India. She is very popular among students and got Student -led best teacher awards. She is awarded for her innovative and technology-led teaching. She is interested in interdisciplinary research focused on digitalisation in achievement of sustainable development goals alongside her disciplinary research in emerging issues in Corporate Finance. Her research works are published in high impact international peer-reviewed journals like IJFE, JBE, TIJA, BSE and others. She is involved in editorial and review activities of international journals, and regularly she presents her research work at leading conferences in Business and Management. Her research evidence is valued by the UK parliament, Sustainability Board in India, St James Entrepreneur Club London, Small Business Charter in the UK, Chartered Institute of Taxation in England. Monomita conducts research of policy relevance and shares her research expertise by participating in the consultation initiated by the FRC, EU Commission, HMRC and her works draw attention from Media.  She is the co-chair of the South-East group of the British Accounting and Finance Association. Her research attracts external funding, her university student-industry collaboration is appreciated by the London Chamber of Commerce and her research collaboration with local business is highly appreciated by business and local authority and her research generates a considerable amount of social aid that support the sustainable growth of the economy with a long-term socio-economic impact. 

Related Research Group(s)

Accounting and Auditing - Investigating current issues in accounting that include financial reporting, assurance, corporate governance, corporate social responsibility and business models in large and small business entities

Project last modified 12/10/2023