India has made notable progress in sustainability reporting over the past decade. The journey began in 2012 when the Securities and Exchange Board of India (SEBI) required the top 100 listed companies by market capitalization to disclose non-financial information through the Business Responsibility Report (BRR). This requirement was expanded in 2015 to include the top 500 listed entities.
In 2018, to align more closely with global ESG and sustainability disclosure frameworks, the Ministry of Corporate Affairs introduced the National Guidelines on Responsible Business Conduct (NGRBC). These principles laid the groundwork for the transition to SEBI’s more comprehensive reporting format — the Business Responsibility and Sustainability Report (BRSR). From the financial year 2022–23, BRSR became mandatory for the top 1000 listed companies in India.
As BRSR reporting gains prominence, the focus is gradually shifting toward ensuring the credibility and accuracy of the disclosed data through independent assurance. SEBI has asked third-party assurance for BRSR disclosures which are being introduced in a phased manner to enhance stakeholder confidence and data reliability.
A proposed roadmap for assurance implementation as follows:
This shift toward assured sustainability reporting marks a significant step in India’s journey toward greater corporate transparency, ESG accountability, and alignment with international investor expectations.
At KBS Certification Services Ltd., we provide specialized assurance services for BRSR reports, ensuring your disclosures are accurate, reliable, and fully compliant with SEBI regulations. Our assurance process involves a rigorous review of your ESG data, governance practices, and reporting systems.
Accredited by Accountability for the AA1000 Assurance Standard (AA1000AS), and following the international ISAE 3000 framework, our team validates your report’s completeness and accuracy. We identify data gaps, test internal controls, and collaborate with your reporting teams to enhance transparency and credibility. The assurance statement we deliver strengthens stakeholder trust, elevates your ESG profile, and reduces risks associated with non-compliance or misreporting.
KBS Certification Services Ltd. is a trusted leader in sustainability assurance with over a decade of experience. Our Accountability accreditation endorses our commitment to quality, integrity, and global best practices. We bring deep expertise across industries, helping listed companies navigate the complexities of BRSR assurance smoothly and confidently.
Clients value our meticulous approach, clear communication, and dedication to delivering assurance reports that stand up to regulatory scrutiny and investor expectations. When you choose KBS, you’re choosing a partner dedicated to enhancing your sustainability journey with credible, impactful assurance.
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