PwC India released a report titled 'Navigating India's Transition to Sustainability'.

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The report analyses how companies are adapting to the Business Responsibility and Sustainability Reporting (BRSR) disclosures mandated by the Securities and Exchange Board of India (SEBI).
The BRSR framework is a mandatory disclosure mechanism (from FY 2022–23) for the top 1000 listed companies or businesses to report their performance on environmental, social and governance (ESG) aspects.
- SEBI’s guidance document provides details on three kinds of disclosures—general, management and process, and “principle wise” (principle-based).
BRSR is aimed at improving compliance, consistency and communication around non-financial disclosures.
SEBI also introduced BRSR Core in 2023 to enhance the reliability of ESG disclosures.
- BRSR Core represents a subset of the comprehensive BRSR and includes a specific set of key performance indicators (KPIs) / metrics across ESG attributes.

Significance:
- Transparency: BRSR enables investors, stakeholders, and the public to assess a company’s sustainability efforts related to ESG aspects.
- Strong brand positioning: Embracing sustainability as a key pillar of operating practices increases the brand value of a company
- Increase value creation: Companies integrating sustainability outperform peers, ensuring a competitive edge, and higher enterprise value compared to those resistant to change.

51 out of 100 companies (Nifty 50 companies and NEXT 50 listed companies) analysed disclosed their Scope 3 data for FY23 despite it being a voluntary disclosure in the BRSR
- Scope 1 (direct emissions) and Scope 2 (indirect emissions from purchased electricity, heat, or steam)
- Scope 3 emissions (indirect GHG emissions that occur outside of the organization)
34% of the companies have reduced their Scope 1 emissions and 29% have reduced their Scope 2 emissions
49% of companies have increased their energy consumption from renewable sources