Pre-National Conference on Responsible Business Conduct Webinar

November 20, 2023

The Indian Institute of Corporate Affairs (IICA) and Partners in Change collaborated to organize a Pre-National Conference on Responsible Business Conduct webinar in New Delhi, focusing on Business Responsibility and Sustainability Reporting (BRSR). The event, held yesterday, analyzed publicly disclosed data from 928 companies, offering valuable insights into the evolution of non-financial disclosure in India.

Key Objectives of the Webinar

The webinar centered on three key issues: diversity, materiality, and occupational health and safety (OHS). Its primary objectives were:

Deeper Understanding of BRSR Framework: Foster a comprehensive understanding of the Business Responsibility and Sustainability Reporting framework.
Evolution from BRR to BRSR: Trace the journey of disclosures from Business Responsibility Reports (BRR) to the more comprehensive BRSR.
Analysis of Trends in Disclosures: Examine trends in disclosures to determine how data can enhance engagement with companies and stakeholders.

BRSR as a Communication Tool

Compared to its predecessor, the Business Responsibility Report (BRR), BRSR introduces a more extensive set of questions, combining both quantitative and qualitative disclosures. Positioned as an effective communication tool, BRSR facilitates the disclosure of an organization’s non-financial performance.

SEBI Mandate and Commitment to ESG Practices

Top 1,000 companies, in adherence to the Securities and Exchange Board of India (SEBI) mandate, are set to submit data on their non-financial performance. This not only highlights their commitment to Environmental, Social, and Governance (ESG) practices but also emphasizes their dedication to Responsible Business Conduct compliance.

Setting the Stage for the National Conference

The webinar, framed within the SEBI regulatory framework, served as a precursor to the upcoming National Conference organized by IICA scheduled from December 14-15, 2023. The conference will explore various aspects of the responsible business journey in India, providing guidance to businesses for enhanced and quality disclosure practices.

Analytical Presentations and Concluding Remarks

The webinar featured analytical presentations by Ms. Ekta Verma, Mr. Pradeep Narayanan, and Ms. Saesha Parekh from Partners in Change, along with Mr. Dheeraj from Praxis. Concluding remarks were provided by Ms. Garima Dadhich from IICA.

About IICA and Partners in Change

Indian Institute of Corporate Affairs (IICA): An autonomous institution under the Ministry of Corporate Affairs, Government of India.

Partners in Change: A leading organization dedicated to fostering sustainable development and responsible business practices. Their joint initiatives, including the National Conference on Responsible Business Conduct, aim to drive positive change in the corporate landscape.

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