Business Responsibility and Sustainability Reporting (BRSR) has emerged as a significant milestone in strengthening Environmental, Social, and Governance (ESG) disclosures among Indian companies. Introduced by the Securities and Exchange Board of India (SEBI), BRSR replaces the earlier Business Responsibility Report (BRR) with a more comprehensive and standardized reporting framework. The objective of BRSR is to improve corporate transparency, accountability, and sustainable business practices by integrating environmental, social, and governance performance into annual corporate reporting. The framework is aligned with the National Guidelines on Responsible Business Conduct (NGRBC) and reflects India's commitment toward sustainable development and responsible corporate governance. This review presents an overview of the evolution of BRSR, its reporting framework, major disclosure requirements, and its significance in promoting ESG reporting. The paper also discusses the opportunities created by BRSR for businesses, investors, and policymakers while highlighting the challenges associated with implementation. Overall, BRSR represents an important step toward improving sustainability reporting practices and supporting long-term value creation in Indian businesses.

Keywords: Business Responsibility and Sustainability Reporting, BRSR, ESG, Sustainability Reporting, Corporate Governance, Sustainable Development.