Presentation on Business Responsibility Reporting

1. BUSINESS RESPONSIBILITY REPORTING

2. Business Responsibility
• Business Responsibility refers to the
commitment of an enterprise to operate in an
economic, social and environment sustainable
manner while balancing the interests of
diverse stakeholders.
• Also referred to as Sustainability Reports

3. Business Responsibility

4. Legal Applicability
As per Clause 55 of the Equity Listing
Agreement, it shall be mandatory for top 100
entities short listed by BSE and NSE based on
Market Capitalization as on 31st March,2012 to
include BR Reports as part of the Annual Reports
w.e.f financial year ending on or after December
31, 2012.

5. Core Principles
Principle 7:
Principle 1:
Principle 6: Businesses, when engaged
Businesses should conduct
Businesses should respect, in influencing public and
and govern themselves
protect, and make efforts to regulatory policy, should
with Ethics, Transparency
restore the environment do so in a responsible
and Accountability
manner
Principle 2:
Businesses should provide Principle 8:
Principle 5:
goods and services that are Businesses should support
Businesses should respect inclusive growth and
safe and contribute to
and promote human rights equitable development
sustainability throughout
their life cycle
Principle 4: Principle 9:
Principle 3: Businesses should respect the Businesses should engage
interests of, and be responsive with and provide value to
Businesses should promote towards all stakeholders,
the wellbeing of all especially those who are their customers and
employees disadvantaged, vulnerable and consumers in a responsible
marginalized. manner

6. Implementation guide
Current Laws and Business vision, intent
NVG
Regulations and priorities
Grading of Core Elements into priorities
Higher Priority Lower Priority
Step 2: Determine ambition for each: Ensure that all Legal requirements
 Principle Essential are compiled with
 Leadership level
Step 3: Define”
 BR Policy
 Adoption of Indicators for
Principle and core Element

7. Guidelines
• SEBI circular (Clause 55)
• MCA NVG
• GRI G3
• OECD corporate responsibility
• ISO 26000
• BIS 16000
• IFC and WWF papers

8. Existing reporting changes?

9. Strategy for implementation

10. Data mining
MarketExternal
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Business p
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Legal n

11. Steps in implementation
• Awareness, discussion and understanding
• Implementation strategy closure
• Stakeholder discussion
• Policy drafting procedures
• Data collection and reporting
• Exposure and awareness NVG
• Feedback and redressal mechanism
• Independent Audit & Evaluation
• Evaluation of policies
• Amending and updating policies

12. Key elements for discussion
• Subjective but intended to be objective
• ‘Apply’ or ‘Explain’ approach
• Business case matrix
• Being responsible vs. Seeing being responsible
• Staggered implementation
• Reporting vs. disclosure
• Awareness of current best practices
• Awareness of current systems and management
thinking