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?
Answer & explanation
Answer: (b) II only
The BRSR is a SEBI requirement, not an RBI one, and it applies to the top 1,000 listed companies by market capitalisation, not all listed companies. Its disclosures cover environmental, social and governance (ESG) performance, so they are largely non-financial.
- ✗ I SEBI's May 2021 circular made BRSR filing mandatory from 2022-23 for the top 1,000 listed companies by market capitalisation; the RBI has no role, and not every listed company is covered.
- ✓ II The BRSR reports performance on ESG parameters under the nine principles of the National Guidelines on Responsible Business Conduct, asking firms to look beyond financials.
Remember · BRSR: SEBI, circular of 10 May 2021; mandatory from FY 2022-23 for top 1,000 listed companies; ESG (non-financial) disclosures; replaced the Business Responsibility Report.
Sources
- SEBI Circular SEBI/HO/CFD/CMD-2/P/CIR/2021/562: Business responsibility and sustainability reporting by listed entities, 10 May 2021 ↗ “with effect from the financial year 2022-2023, filing of BRSR shall be mandatory for the top 1000 listed companies (by market capitalization) and shall replace the existing BRR. … The BRSR shall also enable companies to engage more meaningfully with their stakeholders, by encouraging them to look beyond financials and towards social and environmental impacts.”
Question and answer: UPSC's official GS Paper I (2025, Series A) — paper ↗ · answer key ↗. Explanation: Minimalist IAS, checked 30 Sept 2026 (how we verify). ·