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
Dr Monomita Nandy - Dr Monomita Nandy is currently a Professor in Accounting and Finance at Brunel Business School (BBS), Brunel University of London, UK. Prof Nandy has served as the Vice Dean International of the College of Business, Arts and Social Sciences, Director of Internationalisation, and Director of the Postgraduate Programme at Brunel Business School, alongside other leadership roles. She holds two PhDs, one from the University of Calcutta, India, and the other from the University of Rome Tor Vergata, Italy. Prior to joining Brunel University, she held academic and research positions at Lally Business School, New York; Radboud University, the Netherlands; the University of Surrey, UK; and leading institutes in India. She is highly popular among students and has received student-led Best Teacher awards. She has also been recognised for her innovative and technology-led teaching. Her research interests include interdisciplinary studies focused on digitalisation to achieve sustainable development goals, alongside her disciplinary research on emerging issues in Corporate Finance. Her research has been published in high-impact, international, peer-reviewed journals such as IJFE, JBE, TIJA, BSE, and others. She serves as an associate editor for leading journals, including IJFE, BSE, and IJFS, and regularly presents her research at major business and management conferences. Her research has been highly regarded by institutions such as the UK Parliament, the Sustainability Board in India, St James Entrepreneur Club London, the Small Business Charter in the UK, and the Chartered Institute of Taxation in England. Prof Nandy conducts policy-relevant research and shares her expertise by participating in consultations initiated by the FRC, EU Commission, and HMRC. Her work frequently garners media attention. She is the Chair of the South-East group of the British Accounting and Finance Association, Vice Chair for Research Engagement at EICBI, a member and champion of the IMA Technology Solutions & Practices (TSP) Committee (USA), a board member of the Centre for AI, and a Lab Leader at the Centre for Entrepreneurship and Sustainability at Brunel University of  London. She also serves as a research advisor for companies in the UK and abroad, such as Qi Digital, UK, and Exergie, Nigeria. Her research attracts external funding from businesses and funding bodies. Her university’s student-industry collaborations are recognised by the London Chamber of Commerce, and her partnerships with local businesses are highly appreciated by both the business community and local authorities. Moreover, her research generates significant social impact, contributing to the sustainable growth of the economy with long-term socio-economic benefits.

Related Research Group(s)

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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


Partnering with confidence

Organisations interested in our research can partner with us with confidence backed by an external and independent benchmark: The Knowledge Exchange Framework. Read more.


Project last modified 12/10/2023