In the recent years, the sustainability reporting in India has evolved to a more structured, metrics-driven discipline. The regulators, investors and other stakeholders have increasingly sought decision useful information on how companies identify, manage and integrate sustainability considerations into their business models. Securities and Exchange Board of India’s (SEBI) introduction of the Business Responsibility and Sustainability Report (BRSR) framework has been a significant step in this direction, providing a uniform structure for sustainability related disclosures and improving the overall transparency of listed entities. The introduction of BRSR Core in 2023, with its focus on a defined set of key performance indicators and a phased requirement for independent assessment or assurance, reflects SEBI’s emphasis on moving beyond high-level statements towards verifiable and outcome-oriented disclosures. This intent was further reinforced by the issuance of Industry Standards on Reporting of BRSR Core in December 2024, aimed at promoting consistency and ease of implementation. In this evolving regulatory and reporting landscape, this edition of the Accounting and Auditing Update (AAU) presents an analysis of sustainability reporting practices of the NIFTY100 companies based on their annual reports and related sustainability disclosures for financial year 2024–25, covering both qualitative narratives and quantitative metrics along with emerging assurance practices.
As always, we have included a digest of recent regulatory updates in India and internationally.
We would be delighted to receive feedback/suggestions from you on the topics we should cover in the forthcoming editions of AAU.
For more information on this update, please write to aaupdate@kpmg.com.
