UPSC Exam  >  UPSC Questions  >  Consider the following statements with refere... Start Learning for Free
Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:
1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.
2. It is an initiative of the World Bank.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements with reference to the Business Respo...
Delhi-based think tank Centre for Science and Environment (CSE) welcomed the Business Responsibility and Sustainability Reporting (BRSR) initiative by the Securities and Exchange Board of India (SEBI).
  •  It is a mandatory disclosure mechanism for top 1000 listed companies or businesses to report their performance on environmental, social and governance (ESG) aspects and demonstrate their commitment to responsible business practices.
  • It was introduced in May 2021 by the Securities and Exchange Board of India (SEBI).
  • This initiative was intended to provide policymakers and investors with robust data to make informed decisions.
  • The disclosure requirements are grouped into nine core categories, based on the principles of the National Guidelines for Responsible Business Conduct introduced by SEBI:
  • Environmental protection: Key performance indicators cover electricity consumption, water usage and air emissions.
  • Human rights: Focus on human rights violations and minimum and fair wages.
  • Integrity: Performance indicators include anti-corruption, anti-bribery and conflicts of interest policies.
  • Employee well-being: Metrics focused on parental benefits, employee accessibility and the percentage of unionized workers.
  • Inclusive growth: Policies favoring vulnerable and marginalized groups.
  • Sustainable goods and services: Information on investments in social and environmental impacts.
  • Responsible consumer engagement: KPIs encompass handling consumer complaints and feedback, product recall procedures and cybersecurity and data privacy policies.
  • Stakeholder responsiveness: Describing engagement with vulnerable and marginalized groups.
  • Responsible public policy engagement: Listing trade and industry affiliations and detailing issues relating to anticompetitive conduct.
Hence only statement 1 is correct.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements with reference to the Business Responsibility and Sustainability Reporting (BRSR) initiative:1. It is a mandatory disclosure mechanism for top 1000 listed companies to report their performance on environmental, social and governance.2. It is an initiative of the World Bank.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev