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<h1>SEBI Issues Circular on Business Responsibility Report Format for Listed Entities, Emphasizing ESG Compliance and Guidelines.</h1> The Securities and Exchange Board of India (SEBI) issued a circular outlining the format for the Business Responsibility Report (BRR) for listed entities. This report is part of the annual report and focuses on environmental, social, and governance (ESG) initiatives. The circular emphasizes the importance of responsible business practices and requires entities to disclose their compliance with the National Voluntary Guidelines on Social, Environmental, and Economic Responsibilities of Business. Entities already reporting to international frameworks can submit those reports if they align with the guidelines. The circular includes detailed principles and guidelines for assessing compliance and is effective from September 2015.