インドにおける強制ESG開示：事業責任・持続可能性報告（BRSR）枠組みのレビューと研究課題
Mandatory ESG Disclosure in India: A Review of the Business Responsibility and Sustainability Reporting Framework and a Research Agenda (原題)
Eric Thomas Joseph
🤖 gxceed AI 要約
日本語
インドは2022-23年度から時価総額上位1,000社にBRSR提出を義務付け、2023-24年度からBRSR Coreの第三者保証を段階導入した。本論文は規制Circular・実証研究・報告調査を統合し、開示動機、効果、制度進化、初期実務を検討する。大企業のエネルギー・排出量開示はほぼ普遍的だが、データ品質・バリューチェーン・多様性・比較可能性に課題が残る。2024-25年の規制緩和と今後の研究課題を提示する。
English
India mandated BRSR filing for the top 1,000 listed firms from FY2022-23, with assured BRSR Core indicators phased in from FY2023-24. This narrative review synthesizes SEBI circulars, empirical studies and reporting surveys across four questions: why firms disclose, what mandates achieve, how the regime evolved, and early practice. Reporting of energy and emissions is near-universal among large firms, but data quality, value chain coverage, diversity and comparability gaps persist. The paper proposes a research agenda on capital market effects, assurance quality and greenwashing.
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、日本でSSBJ基準・有報のサステナビリティ開示が段階的に義務化される議論と構造的に類似する。強制開示・保証・バリューチェーン範囲の設計と緩和プロセスは、日本企業の開示対応や制度設計の参考になる。
In the global GX context
India's BRSR is one of the largest mandatory ESG disclosure regimes in an emerging market, offering a comparative case alongside ISSB adoption in Japan, CSRD in the EU and SEC climate rules. Its glide path for assurance and 2024-25 easing of value chain requirements inform global debates on proportionality and assurance readiness.
👥 読者別の含意
🔬研究者:強制ESG開示の資本市場効果・保証品質・グリーンウォッシュに関する研究課題を提示する。
🏢実務担当者:バリューチェーン開示や保証対応の設計、データ品質管理の実務的示唆を得られる。
🏛政策担当者:強制開示制度の段階的導入と緩和措置の設計、保証範囲の調整に関する示唆が得られる。
📄 Abstract（原文）
Environmental, social and governance (ESG) disclosure in India has moved from voluntary reporting to a mandatory, assured regime. Since 2022-23, the top 1,000 listed companies by market capitalisation have been required to file a Business Responsibility and Sustainability Report (BRSR), and since 2023-24 a subset of key indicators, known as BRSR Core, has been subject to independent assurance under a phased glide path. This paper reviews the theoretical foundations, empirical evidence and practitioner assessments relevant to this framework. Using a structured narrative review of peer-reviewed studies, regulatory circulars of the Securities and Exchange Board of India (SEBI) and recent reporting surveys, the paper examines four questions: why firms disclose, what mandatory disclosure achieves, how the BRSR regime has evolved, and what early reporting practice reveals. The review finds that international evidence links mandatory ESG disclosure to improved stock liquidity and information environments, while Indian evidence on the 2013 CSR spending mandate shows that compelled sustainability actions can carry costs for shareholders. Early BRSR practice shows near-universal reporting of energy use and emissions among large firms and widespread reasonable assurance of BRSR Core, but persistent gaps in data quality, value chain coverage, workforce diversity and comparability. Regulatory changes in 2024-25 eased value chain requirements and allowed assessment as an alternative to assurance. The paper proposes a research agenda on the capital market effects of BRSR, assurance quality, value chain disclosure, greenwashing and the reporting readiness of smaller listed firms.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.5281/zenodo.23230193first seen 2026-10-10 05:06:54
🔔 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。