Consider the following statements: I. The Reserve Bank of India mandates all the listed companies in India…
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?
I only
II only
Both I and II
Neither I nor II
Solution
BRSR is mandated by SEBI (not RBI) for the top listed companies. Disclosures in BRSR relate to ESG and are largely non-financial. Hence only II is correct.