UPSC Prelims 2025 · Question 34 of 100
UPSC Prelims 2025 question on Business Responsibility Sustainability Reporting
- ExamUPSC CSE
- Year2025
- PaperGeneral Studies Paper I
- SubjectIndian Economy
- TopicSecurity Market in India
- DifficultyMedium
- TypeStatement
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?
Show answer
Answer: B. II only
Verdict
Only Statement II is correct → Option (b).
Statement by statement
Statement I – INCORRECT: It is SEBI (Securities and Exchange Board of India), not the RBI, that mandates listed companies to submit a Business Responsibility and Sustainability Report (BRSR). In terms of amendment to regulation 34(2)(f) of LODR Regulations vide Gazette notification no. SEBI/LAD-NRO/GN/2021/22, SEBI introduced new reporting requirements on ESG parameters called BRSR.
Statement II – CORRECT: The BRSR is intended towards having quantitative and standardized disclosures on ESG parameters (Environment, Social, Governance) to enable comparability across companies, sectors and time. Such disclosures will be helpful for investors to make better investment decisions. These disclosures are largely non-financial in nature.