The KPMG report available in public domain regarding a survey of Corporate Responsibility (CR) Reporting by 4500 companies across 45 countries in 2015, places India as the leading country in terms of reporting Corporate Responsibility. The key findings of the survey suggest inter alia, (a) India has the highest CR reporting rates with a 27 percentage point increase between 2013-15; (b) the rise in CR reporting is primarily driven by mandatory reporting requirements in country’s legal /regulatory framework.

The Securities and Exchange Board of India (SEBI) mandated Business Responsibility Reporting (BRR) for top 100 listed entities in the Year 2012. This provision has been extended to top 500 listed entities in the year 2015 vide gazette notification dated 22.12.2015.

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha .

Business Responsibility Reporting expansion drives mandatory corporate responsibility disclosure and higher national reporting rates nationwide. Regulatory mandates have materially increased corporate responsibility disclosures: a survey identifies India as having the highest reporting rates, attributing the rise mainly to mandatory reporting requirements; expansion of Business Responsibility Reporting from the largest listed entities to a wider cohort via regulatory notification is highlighted as a principal driver of the elevated reporting rates.