KPMG Shivananda Shetty on India's ESG Rules

The video discusses the new Business Responsibility and Sustainability Reporting standards in India, mandatory for the top 1000 listed companies and potentially for non-listed ones. These standards align with international frameworks and replace the older qualitative reporting format. They require detailed qualitative and quantitative data, addressing issues like greenwashing and Scope 3 emissions. Large companies are prepared, but medium and small companies face challenges in adopting these standards.

What is the primary focus of the new Business Responsibility and Sustainability Reporting (BRSR) standard?

• Product innovation

• Marketing strategies

• Sustainability

• Financial performance

How many datasets are companies required to report under the BRSR framework?

• 120

• 80

• 150

• 50

Which of the following is NOT one of the nine principles of the BRSR framework?

• Human rights

• Product innovation

• Transparency

• Governance

How does the new ESG standard help in addressing greenwashing?

• By focusing on marketing strategies

• By mandating independent validation of quantitative data

• By requiring qualitative data only

• By reducing the number of reports

What is a significant challenge for companies in reporting Scope 3 emissions?

• Lack of data

• Complexity of definition

• High costs

• Limited technology

Which companies are already prepared for the new ESG reporting standards?

• Small companies

• Medium companies

• Large companies

• Startups

What is a major challenge for medium and small companies regarding the new ESG standards?

• Developing systems and processes

• Hiring more employees

• Expanding product lines

• Increasing marketing budgets