Regulatory Comparison

CSRD vs BRSR

Operating in both EU and India? Here's how the two major sustainability reporting frameworks compare.

CSRD (EU)

The world's most comprehensive sustainability reporting regulation. Double materiality, ESRS standards, third-party assurance.

BRSR (India)

India's mandatory ESG disclosure framework for listed companies. Based on NGRBC principles with local context.

Detailed Comparison

Aspect	CSRD	BRSR
Regulator	European Commission (EU)	SEBI (India)
Standards	ESRS (12 standards)	BRSR format (NGRBC-based)
In Scope	50,000+ EU & non-EU companies	Top 1,000 listed companies
Effective From	FY 2024 (phased)	FY 2022-23 (mandatory)
Materiality	Double materiality required	Single materiality (financial focus)
Scope 3	Mandatory for material categories	Optional (encouraged)
Assurance	Limited assurance required	Reasonable assurance for top 150
Value Chain	Extensive due diligence requirements	Principle 2 covers supply chain
Digital Format	XBRL tagging required	Not required
Non-compliance	Member state penalties	SEBI enforcement actions

Indian Companies: When Does CSRD Apply to You?

• EU subsidiaries: If your EU subsidiary meets CSRD thresholds, it must report
• €150M EU revenue: By 2029, non-EU companies with significant EU revenue must report at group level
• EU customers: Your EU customers may request CSRD-aligned data for their value chain reporting

Good News: Significant Overlap

SEBI has indicated that BRSR will evolve toward ISSB/ESRS alignment. Companies already complying with BRSR have a strong foundation for CSRD. Focus on: expanding Scope 3 coverage, implementing double materiality assessments, and strengthening value chain due diligence.

Comply with Both CSRD & BRSR

ESG PULSE supports multi-framework reporting from a single data source. One platform, all regulations.