The Institute for Energy Economics and Financial Analysis (IEEFA) highlights that India’s Business Responsibility and Sustainability Reporting (BRSR) framework needs strengthening to meet global climate disclosure standards and investor expectations.

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• India’s BRSR framework provides broad ESG coverage but lacks depth in climate-specific transition planning, risking global investor confidence.
• Weak treatment of supplier emissions, workforce transitions, and customer exposure undermines credibility of Indian climate transition plans.
• Absence of mandatory climate scenario analysis and limited linkage between emissions targets and concrete transition measures are key gaps.
• Governance disclosures, executive remuneration tied to climate targets, and funding strategies for transition plans are largely missing.
• Compared to ISSB S2, BRSR performs better in social responsibility and community engagement but lags in climate risk management.
• Inadequate transition planning may lead to higher financing costs or restricted access to sustainable capital for Indian companies.
• IEEFA recommends phased strengthening: integrating scenario analysis, specifying emissions reduction pathways, enhancing governance, and mandating financing plans.
• Aligning corporate disclosures with global climate standards is critical for transparency, competitiveness, and attracting green investment.