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TMI BlogMeasures to facilitate ease of doing business with respect to framework for assurance or assessment, ESG disclosures for value chain, and introduction of voluntary disclosure on green credits.X X X X Extracts X X X X X X X X Extracts X X X X ..... oard, on December 18, 2024, decided to revise various provisions regarding ESG disclosures for value chain, provide an option to undertake 'assessment' or 'assurance' for BRSR Core and ESG disclosures for value chain, and introduce disclosure on green credits. 2. Accordingly, the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations") in this regard, have been amended vide Gazette ID CG-MH-E-28032025-262027 dated March 28, 2025. 3. Further, the following partial modifications are being carried out in the Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 captioned, "Master circular for compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... owns, open-ness of business, gross wages paid to women etc. Further, for better global comparability intensity ratios based on revenue adjusted for Purchasing Power Parity (PPP) have been included. The format of BRSR Core for assessment or assurance is placed at Annexure 17A. Further, it is specified that "assessment" refers to third-party assessment undertaken as per the standards developed by the Industry Standards Forum (ISF) in consultation with SEBI." 3.5. Further, Para 2.2 of the aforementioned master circular shall read as: "In order to facilitate the verification process, the BRSR Core specifies the data and approach for reporting and assessment or assurance. It is clarified that the approach specified is only a base methodology. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t of assurance obtained." 3.9. In Annexure 17A of the aforementioned master circular, i.e. "Format of BRSR Core" - 3.9.1. the column "Data & Assurance Approach" shall be read as: "Data & Assessment or Assurance Approach". 3.9.2. in Sr. No. 4, under the parameter - "Each category of waste generated, total waste recovered through recycling, re-using or other recovery operations", the note in the column "Data & assessment or assurance approach" shall read as: "Disclosure may be provided if certificates from vendors have been relied upon for assessment or assurance of KPIs on waste management". ESG Disclosures for Value Chain 3.10. In order to facilitate ease of doing business, provide additional time to listed entities and their ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... losures of FY 2025-26, reporting of previous year data (i.e., data for FY 2024-25) shall be voluntary." "3.6 If a listed entity provides ESG disclosures for value chain, then it shall disclose the percentage of total sales and purchases covered by the value chain partners, respectively, for which ESG disclosure are provided." 4. The provisions of circular shall be applicable from the date of issuance of this circular, except otherwise mentioned specifically. 5. The Stock Exchanges are advised to bring the contents of this circular to the notice of their listed entities and ensure its compliance. 6. This circular is issued in exercise of the powers conferred under Section 11(1) and 11A of the Securities and Exchange Board of India Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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