SEBI Proposes Inclusion Of Green Credits And Redefinition Of Value Chain Partners Under BRSR Framework

SEBI has proposed amendments to the Business Responsibility and Sustainability Reporting (BRSR) framework following recommendations from an Expert Committee chaired by S.K. Mohanty. The initiative aims to streamline regulations, aligning with the Union Budget's call for simplified compliance processes. \r

Key proposals include redefining "value chain partners," incorporating voluntary ESG disclosures for FY 2024-25, and introducing 'Green Credits' as a metric for environmental stewardship. Listed companies and partners would disclose Green Credits generated. The terminology shift from "assurance" to "assessment" allows entities to choose between assessing or seeking assurance for their ESG data. \r

SEBI seeks public feedback until June 12, 2024, through its website, fostering transparency and inclusivity in regulatory processes.