New Delhi, June 10, 2026: CFA Institute has released the second edition of its report, The Current State of BRSR in Corporate India 2.0, highlighting significant progress in sustainability disclosures among listed companies while calling for greater consistency, comparability and decision-useful reporting.
The report analyses Business Responsibility and Sustainability Reporting (BRSR) disclosures of 300 listed companies over three financial years from FY2022–23 to FY2024–25. It assesses how sustainability reporting practices have evolved and examines their quality, consistency and relevance for investors.
According to the report, sustainability reporting has improved both in breadth and quality, with wider participation across sectors and more structured disclosures. Climate and energy-related reporting has also expanded, with renewable energy disclosures increasing from 224 companies to 252 companies over the three-year period. Reporting of Scope 1 and Scope 2 greenhouse gas emissions reached 283 companies, indicating near-universal coverage.
The report also notes growth in value-chain reporting, with Scope 3 emissions disclosures increasing from 114 companies to 153 companies, although differences remain across sectors. Additionally, 79% of companies reported adopting sustainable sourcing practices by FY2024–25, while more than half disclosed investments in sustainability-linked technologies.
Commenting on the findings, Gaurav Kapur, Senior Director, Government Relations & Advocacy - India, CFA Institute, said, “Our latest report highlights a clear shift in India’s sustainability landscape, from increased disclosures to greater focus on its quality, credibility, consistency, and usefulness. What is particularly encouraging about the findings, is not just the increase in disclosures, but the growing maturity of reporting practices across corporate India. In a relatively short period, companies have moved from building reporting capabilities to embedding sustainability considerations more systematically within their governance and decision-making processes. Through BRSR 2.0, CFA Institute remains committed to supporting the next phase of sustainability reporting in India.”
While acknowledging progress, the report highlights ongoing challenges related to data comparability, standardisation and methodological clarity, which continue to limit deeper analytical use by stakeholders.
Paul Moody, Managing Director, Global Partnerships & Client Solutions, CFA Institute, said, “Sustainability disclosures are no longer a peripheral compliance exercise. For global investors, the quality and comparability of sustainability data are as important as its availability. Through our ongoing analysis of BRSR disclosures, CFA Institute is contributing to a deeper understanding of how ESG data can better inform investment decisions. This report underscores both the progress India has made and the opportunity to further enhance reporting frameworks in line with global expectations.”
The report recommends enhancing standardisation, strengthening forward-looking climate disclosures, improving transparency, adopting sector-specific reporting approaches, and expanding third-party assurance practices to improve the credibility and usefulness of sustainability data.
According to the CFA Institute, the latest findings indicate a shift from compliance-led reporting towards a more mature integration of sustainability considerations into corporate governance and business decision-making.
x
