印度ESG披露制度“BRSR（Business Responsibility and Sustainability Report）”的2025-26财年（FY26）报告季正在推进。随着包括银行在内的上市公司陆续提交BRSR报告，由印度证券交易委员会（SEBI）建立的这一框架正逐渐成为该国可持续发展报告的基础。
制度框架 SEBI通过2021年5月10日发布的回函（SEBI/HO/CFD/CMD-2/P/CIR/2021/562）正式引入BRSR制度。BRSR是基于国家责任商业行为指南（NGRBC）9项原则的披露框架，要求企业结构化报告环境、社会和治理相关信息。按市值计算的前1000家上市公司，自FY2022-23起必须提交BRSR。
报告季正在推进 在FY26报告周期中，包括银行在内的上市公司正在推进BRSR提交。BRSR以可比较形式披露ESG信息，作为横向掌握印度主要企业非财务信息的机制发挥作用。
对采购和供应链的启示 BRSR已成为印度大型企业ESG披露的骨架。对于在印度拥有生产基地或供应商的全球企业，它也提供了了解交易伙伴可持续发展信息的线索。随着全球价值链层面的信息披露不断加强，如何将印度BRSR数据纳入采购和供应链管理，正在成为实务上的议题。
参考事实卡
SEBI formally introduced the BRSR framework through its circular dated May 10, 2021.
The Securities and Exchange Board of India issued circular SEBI/HO/CFD/CMD-2/P/CIR/2021/562 on May 10, 2021, formalizing the Business Responsibility and Sustainability Reporting framework for listed entities. It replaced the earlier Business Responsibility Report and aimed to standardize ESG disclosure.
The top 1,000 listed companies by market capitalization have been required to file BRSR from FY2022-23.
Under the SEBI circular, the top 1,000 listed companies in India by market capitalization have been required to submit BRSR from FY2022-23, covering April 2022 to March 2023. FY2021-22 was set as a voluntary filing period, enabling a phased transition.
BRSR is a disclosure framework based on the nine principles of NGRBC.
BRSR adopts the nine principles set out in India's National Guidelines on Responsible Business Conduct as its disclosure axes. It requires reporting of quantitative indicators across environmental, social, and governance areas and represents a significant upgrade from the earlier qualitative BRR framework.
