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Circular No.: SEBI/HO/CFD/CFD-PoD-1/P/CIR/2024/177
Notification Date: December 20, 2024
Relevant Regulations: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Purpose: To establish industry standards for the effective implementation of disclosures related to Business Responsibility and Sustainability Report (BRSR) Core under SEBI LODR Regulations, 2015.
Formulation of Standards:
Industry Standards Forum (ISF), comprising ASSOCHAM, CII, and FICCI under the guidance of stock exchanges, has developed these standards in consultation with SEBI.
The standards aim to standardize disclosures and ease compliance.
Publication: The industry standards will be published on the websites of ASSOCHAM, FICCI, CII, and the stock exchanges.
Applicability: The standards are mandatory for listed entities starting from FY 2024-25.
Implementation and Compliance:
Listed entities must adhere to these standards to comply with SEBI’s requirements.
Stock exchanges are tasked with disseminating this circular to listed entities and ensuring adherence.
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