Business Responsibility Reporting required in annual reports for listed entities, specifying ESG disclosure format and accountability. SEBI requires listed entities to include a Business Responsibility Report in the annual report using the Board specified format, detailing ESG initiatives, governance for implementation, principle wise compliance aligned with the National Voluntary Guidelines, grievance and audit mechanisms, and publication hyperlinks. Entities with internationally framed sustainability reports may furnish those reports with a mapping to the nine Principles instead of preparing a separate BRR. Stock exchanges must disseminate the circular, which is issued under the Listing Regulations.