Business Responsibility Report by DHANVIJAY™ & ASSOCIATES PRIVATE LIMITED

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Dhanvijay & Associates Private Limited


What is Business Responsibility Reporting?

Business Responsibility Report is a disclosure of the adoption of responsible business practices by a listed company to all its stakeholders. At a time and age when enterprises are increasingly seen as critical components of the social system, they are accountable not merely to their shareholders from a revenue and profitability perspective but also to the larger society which is also its stakeholder.

Business entities are generally used resources of society in their development. They are utilizing various resources such as human, infrastructure, minerals, water, environmental, etc., in their business activities. They are running their business and trade with the help of social as well as governmental support. The common society provides them a huge market place for their products and services. These business entities are also responsible to protect the social environment, safety, and development of the society, within which they are working.


SEBI has issued Circular No. SEBI/HO/CFD/CMD/CIR/P/2017/10 dated 6th February 2017 for voluntary adoption of integrated reporting from Financial Year 2017-18 by the top 500 companies.
An integrated report aims to provide information about how an organization’s strategy, governance, performance, and prospects create value over time. The information will be given in the Annual report of entities by a separate chapter or in the Business Responsibility Report.
 Regulation 34(2)(f) of SEBI (LODR) Regulations, 2015 provides that, annual report of a listed entity, which is in top 500 listed entities based on Market Capitalisation calculated on 31st March of every financial year, shall include a Business Responsibility Report describing the initiatives taken by entity from an environmental, social and governance perspective.

Contents Of Business Responsibility Report- 

Section A - General Information About the company.

Section B - Finacial Details Of The Company.

Section C - Other Details.

Section D - BR information.

Section E - Principle Wise performance, the details of which furnished as below-
  1. Principle 1- Businesses should conduct & Govern themselves with Ethics, Transparency & accountability.
  2. Principle 2- Businesses should provide Goods & services that are safe and contribute to sustainability throughout their life cycle.
  3. Principle 3- Businesses should promote the well being of the employees.
  4. Principle 4 - Businesses should respect the interest of, and be responsive towards all stakeholders.
  5. Principle 5 - Businesses should respect & Promote human rights.
  6. Principle 6 - Businesses should support inclusive growth & equitable development.
  7. Principle 7 - Businesses should engage with and provide value to their customers and consumers in a responsible manner.

Evolution of Business Responsibility Reporting in India:

  1. Corporate Voluntary Guidelines in 2009;
  2. Endorsement of United Nations Guiding Principles on Business & Human Rights by India in 2011;
  3. MCA issued ‘National Voluntary Guidelines on Social, Environmental and Economical Responsibilities of Business’ which encourages reporting on the environment, social and governance issues in 2011;
  4. SEBI mandates top 100 listed companies by market capitalization to file Business Responsibility Reports (BRR) based on NVGs in 2012;
  5. SEBI extends BRR reporting to top 500 companies by market capitalization in 2015;
  6. National Guidelines on Responsible Business Conduct (RBC) released in 2019.

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