Citation:

Rupali S. Ambadkar, Heena Y. Shinde. "Evaluating Corporate Governance Disclosures: A BRR–BRSR Comparison of Selected Energy Firms in India" International Research Journal of Economics and Management Studies, Vol. 5, No. 4, pp. 18-24, 2026. Crossref. http://doi.org/10.56472/25835238/IRJEMS-V5I4P103

Abstract:

To strengthen corporate accountability and transparency and to align with global sustainability standards, SEBI mandated Business Responsibility and Sustainability Reporting (BRSR) for India's top 1000 listed companies from FY2022-23, replacing Business Responsibility Report (BRR). Corporate governance reporting includes important factors, such as a brief on the philosophy of the code of governance, board composition, various committees, and more. The study examines the corporate governance sustainability reporting practices of the five energy sector companies from the NIFTY 50 index for the study period of 2020-2021 (pre-BRSR) and 2023-2024 (post-BRSR). The detailed checklist of twelve governance sustainability reporting parameters, subdivided into sixty sub-clauses, is developed, drawing inspiration from established frameworks such as the Global Reporting Initiative (GRI), National Voluntary Guidelines on Socio-Economic and Environmental Responsibilities of Business (NVG), the BRR, and the BRSR. The study employs content analysis, and the scoring system, ranging from '0' (non-reporting) to '2' (full reporting), is used to formulate a Corporate Governance Sustainability Disclosure Index. The findings indicate that the BRSR requirement has made corporate governance reporting much better. Reliance Industries Limited has outperformed public sector corporations earlier, while after the regulatory reporting change, Coal India Limited recorded higher governance disclosure scores. The Wilcoxon Signed Rank Test indicates a statistically significant improvement in governance disclosure scores in the post-BRSR reporting period compared with the pre-BRSR period. Companies are presenting more quantified, detailed information, making reports more trustworthy and relevant. Corporate governance in India has to go beyond compliance to achieve ethical and inclusive business growth.

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Keywords:

Board Composition, Corporate Governance Reporting, Disclosures, Responsible Business Practices, Sustainability.