Change in ESG reporting in India from BRR to BRSR Core: A Longitudinal Regulatory Analysis with an Original Maturity Framework (2015-2025)
インドにおけるESG報告の変化：BRRからBRSR Coreへ（2015-2025年） (AI 翻訳)
Aryan Singh, Amrita Kaur
🤖 gxceed AI 要約
日本語
本論文は、インドのESG開示規制の進化を、BRR（2015年）からBRSR Core（2023年）を経て2024-2025年の技術標準化・適応的調整に至る6つの段階にわたって体系的に分析する。独自の「規制成熟度フレームワーク（RMF）」を用いて、開示構造、定量化深度、カバレッジ範囲、保証厳格性、執行能力の5次元で各段階をスコア化した結果、1.4から4.0への進歩が確認された。BRSRは約400-500のデータ変数（65-70%が定量）を要求し、保証要件とバリューチェーン拡張によりステークホルダー説明責任を強化する。新興国におけるESGガバナンス分析のための再現可能なツールと、「適応的収斂」の概念を提供する。
English
This paper systematically analyzes the evolution of India's ESG disclosure regulation across six phases from BRR (2015) to BRSR Core (2023) and subsequent 2024-2025 technical standards. Using a novel Regulatory Maturity Framework (RMF) with five dimensions, it scores regulatory phases from 1.4 to 4.0, showing progressive maturation. BRSR mandates 400-500 data variables (65-70% quantitative) and enhances stakeholder accountability through assurance requirements and value chain extension. The study offers a replicable tool for analyzing ESG governance in emerging economies and introduces the concept of 'adaptive convergence.'
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ESG開示規制の急速な発展は、日本企業のインド進出・サプライチェーン管理において重要な知見を提供する。また、SSBJ基準や有報におけるサステナビリティ情報開示の設計に際し、定量データ比率や保証要件の段階的導入の参考となる。
In the global GX context
India's progressive ESG disclosure framework (BRR→BRSR Core) offers a model for other emerging economies balancing global convergence with domestic institutional capacity. The Regulatory Maturity Framework (RMF) is a transferable tool for assessing disclosure infrastructure, relevant to ISSB implementation and capacity building in developing countries.
👥 読者別の含意
🔬研究者:The RMF provides a replicable scoring methodology for longitudinal analysis of ESG regulatory evolution in emerging markets.
🏢実務担当者:Companies with Indian operations can use the study to understand evolving disclosure requirements and prepare for BRSR Core assurance and value chain reporting.
🏛政策担当者:Regulators designing sustainability disclosure frameworks can learn from India's phased approach, including the balance between rigor and adaptive calibration.
📄 Abstract（原文）
This research paper is a systematic, longitudinal study of the change in Environmental, Social and Governance (ESG) regulatory development in India, tracing through six distinct phases of Business Responsibility Report (BRR, 2015) through BRSR (2021) and BRSR Core (2023) to the technical standardisation and adaptive recalibration circulars of 2024-2025. Design/Methodology/Approach — The study uses a qualitative, document-based research design, which scores each of the regulatory phases by applying a novel RMF, which consists of five dimensions, which are disclosure structure, quantification depth, coverage scope, assurance rigour, and enforcement capacity. Structured document coding protocols classify regulatory texts based on these three dimensions, and three theoretical perspectives are incorporated in a single conceptual framework; these are stakeholder theory, legitimacy theory, and agency theory. Findings - The results of the RMF composite scores show a progressive change of 1.4 (BRR) to 4.0 (BRSR Core + Industry Standards) indicating continuous regulatory maturation in all five dimensions, albeit with non-linear and phase-specific degrees of intensity. The three-part design of the BRSR comprises about 400-500 data variables, 65%-70% of which are quantitative - a radical change in the concept of narrative to performance accountability. Network-based accountability of stakeholders is operationalised by BRSR Core using its mandatory assurance requirements and the value chain extension. Although the adaptive recalibration of 2025 will moderate the rigour of the enforcement, it fits spiral models of institutional learning. Originality/Value Three original contributions are proposed: (i) the concept of the Regulatory Maturity Framework (RMF), a replicable scoring tool to analyse ESG governance in the emerging economies; (ii) the concept of an adaptive convergence, which characterises the strategy of the progressive global convergence of India with the preservation of the domestic institutional viability. The policy implications that are critical are the urgent need to develop a national sustainability taxonomy, to adopt the concept of double materiality and to expand on the concept of mandatory assurance.
🔗 Provenance — このレコードを発見したソース
- crossref https://doi.org/10.62823/jcecs/12.02.8818first seen 2026-05-14 23:52:51
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