The Taskforce on Nature-related Financial Disclosures (TNFD) has issued guidance, mapping its nature disclosure recommendations with India’s Business Responsibility & Sustainability Reporting (BRSR) framework, which is mandatory for the top 1,000 listed companies.
The mapping – issued jointly with the India Business & Biodiversity Initiative and the Confederation of Indian Industry – provides a correspondence table of the BRSR principles and indicators and the relevant TNFD recommended disclosures.
According to the analysis, most of the 14 TNFD recommended disclosures are reflected in the BRSR requirements. In addition, the BRSR core indicators overlap with many of the TNFD’s core disclosure metrics, and both frameworks include disclosures on ecologically sensitive locations and companies’ engagements with local stakeholders.
The guidance also sets out how the TNFD’s LEAP approach can be used to support companies reporting in accordance with the BRSR requirements.
