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Are you Up to the Challenge of Becoming a Transformational CEO?

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Amidst the trying economic and social happenings of the past 2 years, it has become more pertinent than ever to build resilient communities that minimize the damage caused by such circumstances. Sustainable practices can cater to that need by fortifying the foundations of individual organizations as well as overall communities. It is therefore important to adopt sustainable practices and contribute to the development of stronger national and global ecosystems.

CEOs & Sustainability – A New Friendship

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BRSR disclosure is a mandatory “regulation” in India. With the expectation of accountability and transparency , it  puts intense pressure on the CEO and the Board Leadership to understand and address the sustainability challneges and opportunities for their busiess.

A Business Case for  BRSR Disclosures

The Securities and Exchange Board of India (SEBI), on 15th May 2021, introduced the Business Responsibility and Sustainability Report (BRSR). This has replaced the previously existing Business Responsibility Report (BRR). The focus on sustainability is a welcome addition as it nurtures improved environmental, social, and governance (ESG) disclosures.

Sustainable Impact of CSR Activities is a Result of an Empathetic Board

The recent Companies (Accounts) Amendment Rules (2022) sheds light on the details of the CSR committee and board decisions on CSR Projects. Every company covered under the provisions of sub-section (1) of section 135 of the amendment are required to furnish a report on their CSR activities in Form CSR-2, which can be accessed here.

Introduction to CSR Impact Assessments

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A CSR impact assessment is a process that aims to measure the delta change brought about due to the CSR activities and ascertain appropriate expenditure of a company’s CSR budget. It helps determine whether the company’s CSR activities align with their CSR policy objectives were met and whether the allocated funds were judiciously spent.