BRSR 2.0と強制ESG保証：インドは監査ベースのサステナビリティ・ガバナンスへ移行するのか？
BRSR 2.0 and Mandatory ESG Assurance: Is India Moving towards Audit-based Sustainability Governance? (原題)
Shivalik Pal
🤖 gxceed AI 要約
日本語
インド証券取引委員会（SEBI）がBRSR Coreを導入し、上場企業に独立検証を伴うESG開示を義務付けた。本論文は、この動きが監査ベースのサステナビリティ・ガバナンスへの転換といえるか検討する。ESG表明・誤りに対する取締役・監査委員会・保証提供者等の責任配分が法整備されていない点を指摘し、専用の法定枠組みと保証の独立規制機能化を提言する。
English
SEBI's BRSR Core mandates independently verified ESG disclosure for Indian listed firms, creating a hybrid 'assessment or assurance' regime. This paper asks whether this constitutes a shift to audit-based sustainability governance. It argues Indian law lacks clear liability allocation for ESG statements among directors, audit committees, and assurance providers, and calls for a dedicated statutory ESG assurance blueprint with separate regulatory function and liability rules.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドのBRSRは、日本におけるSSBJ基準や有報でのサステナビリティ開示義務化と類似の課題を先取りしている。保証の法的責任配分や規制設計は、日本がSSBJ導入後に直面する論点と重なり、比較法材料として有用。
In the global GX context
India's BRSR Core offers a leading example of mandatory, assured ESG disclosure outside the EU/ISSB sphere. Its focus on liability allocation and assurance as a separate regulatory function informs global debates on ISSB adoption and CSRD assurance requirements, especially for jurisdictions designing enforcement mechanisms.
👥 読者別の含意
🔬研究者:ESG保証の法的責任配分と規制設計に関する比較法研究の材料を提供する。
🏢実務担当者:インドに拠点を置く企業やインド市場で報告する企業は、BRSR Coreの保証要件と責任リスクを理解する必要がある。
🏛政策担当者:ESG保証制度の設計において、責任配分と独立規制機能の重要性を示唆する。
📄 Abstract（原文）
In the span of just over a decade, the Securities and Exchange Board of India (“SEBI”) has moved India's listed firms from voluntary sustainability reporting towards a progressively mandatory, independently verified ESG ("Environmental, Social and Governance") disclosure regime. The launch in July 2023 of a new category of Business Responsibility and Sustainability Reporting (the “BRSR Core”), together with the ease-of-doing-business relaxations of March 2025, has introduced a hybrid ‘assessment or assurance’ paradigm that borrows both the vocabulary and, more significantly, the legal gravitas of statutory financial auditing. The scope of this paper is limited only to the Standard Core Disclosures for BRSR as required by SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and does not include the voluntary ESG Ratings, ESG labelled investment products and environmental clearances granted for sectors under a dedicated approach. This paper analyses whether this shift amounts to a transformation toward audit-based sustainability governance in India. It argues that although SEBI has made ESG reporting a compliance requirement under the Listing Obligations and Disclosure Requirements Regulations, 2015, there has been no commensurate progress in Indian law regarding the allocation of responsibility for ESG statements and errors among directors, the audit committee, independent directors, assurance providers, and statutory auditors. Based on the analysis of India's corporate jurisprudence, SEBI's enforcement practices, and ESG-related assurance litigation in Australia and the United States, this paper argues that a dedicated statutory blueprint for ESG assurance in India is needed, and that assurance should be a separate regulatory function, with specific liability rules, to close the enforcement gap that currently leaves unverified sustainability claims unpunished.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.5281/zenodo.23293639first seen 2026-10-13 04:40:39
🔔 こうした論文の新着を逃したくない方は キーワードアラート に登録（無料・3キーワードまで）。
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。