"We have tried to make the BRSR more granular, quantifiable, standardised and enhanced. We have added gender diversity, social diversity, welfare measures and occupational health hazards to make it more relevant. It is more measurable and comparable and will help investors in making an informed decision. We will be happy to see early adopters of sustainability reporting. Corporates willing to lead by example can inspire others"
Ms. Surabhi Gupta General Manager Corporate Finance Department, SEBI
Additional information on climate-related financial disclosures due to the pressing need to address societal challenges and sustainability challenges is welcome. If nothing else, it really helps us all think more about how businesses can support SDGs (Sustainable Development Goals) in their pursuit of long-term enterprise value.
Mr. Robert Patalano Acting Head of the Financial Markets Division, OECD
ESG integration sits very naturally with family businesses. A family business is about longevity. It’s about a long view. And ESG integration helps in taking that long view of sustainability. When you look at companies that have family-owned businesses, they’re going to take to ESG quite easily and naturally. Yes, there will be complexities around disclosures, but their alignment towards sustainability of businesses would be over a longer term.
Ms. Soumya Rajan, Founder and CEO Waterfield Advisors
Framework-based ESG leaves no room for ambiguity. It provides so much clarity to asset managers and subsequently to investors. And with rule-based ESG rating, the investor exactly knows what the fund will do. He knows where to invest and, more importantly, where not to invest. This transparency and clarity must be the product’s appeal.
Mr. Swarup Mohanty CEO Mirae Asset Global Investments (India)
ESG disclosures should indirectly help capital flow in emerging markets because investors have access to information which is accurate and comparable instead of just financial data.
Ms. Ruby Ojha Senior Environmental and Social Development Specialist, IFC