Unlocking the potential of ESG disclosures in India: A must-read analysis
In an era in which sustainability is not just a choice but becoming a statutory obligation in much of the world, understanding the landscape is crucial for stakeholders throughout the business data ecosystem. Our latest white paper, ‘Unearthing Insights from India’s ESG Disclosures,’ dives deep into digital Business Responsibility and Sustainability Reporting (BRSR) data for the financial year 2022-23, as mandated by the Securities and Exchange Board of India (SEBI) for the country’s top 1,000 listed companies.
In a collaborative effort by At Quest Sustainable Solutions and XBRL International staff, we leverage XBRL data to explore a few key metrics and demonstrate how digital reporting revolutionises data analysis in deriving actionable insights. The analysis was based on over 1,000 BRSR reports submitted to the NSE in XBRL format. Each contains about 1600 data points directly supplied and verified by companies, making the reports a valuable data source for many stakeholders.
Although digitisation enhances BRSR reporting, challenges like data-quality issues persist. XBRL aids in identifying and rectifying these gaps, crucial for reliable ESG reporting. This shift to digital reporting signifies a significant step forward, meeting stakeholder demands for transparency and accountability.
Explore our blog summarising the results, or dive into the full white paper to deepen your understanding of India’s ESG reporting landscape and glean critical insights into these data.
