Dynamics in Accounting: An Exploration of Sustainability with Special Reference to Business Responsibility and Sustainability Report (BRSR) in India

Abstract

Accounting is a dynamic area. In the fast-changing world sustainability accounting has become an important tool for an organization to create value and sustain. Sustainability accounting has been talk of the town for a long time, however there has been no hard and fast rule regarding its applicability. After crossing several waves of agreement and disagreement now we are in a situation where sustainability accounting cannot be considered to be a thing of fancy. Recent guidelines issued by SEBI stipulated a new framework called Business Responsibility and Sustainability Report (BRSR), which is mandatory from Financial Year 2022-23. The paper attempts to examine the pros and cons of the BRSR and see its effectiveness towards sustainability accounting.