Step 1: Identify Applicable Sustainability Framework
Determine which framework applies to your organization:
- Indian listed entities → BRSR (SEBI)
- Global stakeholders → GRI / ESG / TCFD
- Industry-specific needs → SASB
Clear framework selection ensures accurate disclosures.
Step 2: Define Scope and Reporting Boundaries
Decide:
- Reporting period (financial year)
- Entities/subsidiaries covered
- Geographic scope
- Operational boundaries
This avoids inconsistencies and data gaps.
Step 3: Form an Internal Sustainability/ESG Team
Create a cross-functional team including:
- Finance
- HR
- Operations
- Legal & Compliance
- Environment, Health & Safety (EHS)
Assign clear roles for data ownership and validation.
Step 4: Identify Material ESG Topics
Conduct a materiality assessment to identify key ESG issues such as:
- Energy usage & emissions
- Water & waste management
- Employee welfare & diversity
- Ethics, governance & compliance
- Community & social impact
Material topics are mandatory disclosures in most frameworks.
Step 5: Collect ESG Data
Gather quantitative and qualitative data, including:
Environmental Data
- Energy consumption
- Carbon emissions
- Water usage
- Waste generation
Social Data
- Employee strength & diversity
- Health & safety metrics
- Training & development
- CSR activities
Governance Data
- Board composition
- Ethics policies
- Risk management
- Compliance records
Ensure data accuracy and documentation.
Step 6: Validate and Verify Data
- Cross-check data internally
- Align metrics with reporting standards
- Conduct internal audits or third-party assurance (recommended)
Verification enhances report credibility.
Step 7: Prepare the Sustainability Report
Draft the report including:
- Company overview
- ESG strategy & governance
- Framework-specific disclosures
- Performance metrics & targets
- Policies and initiatives
For India, follow SEBI-prescribed BRSR format.
Step 8: Obtain Board Approval
Before filing:
- Present the report to senior management
- Obtain Board of Directors’ approval
- Document approvals in meeting minutes
This step is mandatory for listed companies.
Step 9: File / Publish the Sustainability Report
Depending on requirements:
- Upload BRSR as part of Annual Report
- File with stock exchanges (SEBI entities)
- Publish on company website
- Share with investors and stakeholders
Ensure timely submission to avoid penalties.
Step 10: Maintain Records & Continuous Improvement
Post-filing:
- Retain supporting documents
- Track ESG performance year-on-year
- Improve disclosures and sustainability goals
- Prepare for future audits or inspections
Penalties for Non-Compliance (India – BRSR)
- Regulatory scrutiny by SEBI
- Penalties under listing regulations
- Reputational and investor trust impact
Benefits of Sustainability Reporting
- Regulatory compliance
- Improved investor confidence
- Enhanced brand reputation
- Better risk management
- Access to ESG funding
- Long-term business sustainability
Conclusion
Sustainability reporting is no longer optional—it is a strategic and regulatory necessity. By following a step-by-step approach, organizations can ensure accurate, transparent, and compliant ESG disclosures while strengthening stakeholder trust.
SavingMantra supports businesses with BRSR filing, ESG framework selection, data structuring, report drafting, and end-to-end sustainability compliance.
Disclaimer
This blog is intended for general informational purposes only and does not constitute legal, financial, or professional advice. Sustainability reporting requirements, ESG standards, and regulatory frameworks may change over time. Readers are advised to consult qualified professionals or regulatory authorities before filing sustainability reports. SavingMantra is not responsible for any actions taken based on this information.