BRSR and NGRBC Compliances
National Guidelines on Responsible Business Conduct (NGRBC)
In 2019, the Ministry of Corporate Affairs, India formulated the National Guidelines on Responsible Business Conduct (NGRBC) to steer businesses towards maximising profits in a manner that enhances responsibility and accountability.
These are a set of 9 Principles across Environmental, Social, and Governance (ESG) indicators applicable to all businesses in India and across their global supply chains. The Principles of the NGRBCs are inter-related, complementing, non-divisible and equally significant.
The Principles are to be adopted by the highest governance structure of businesses to ensure overall implementation in their operations.
Conduct and govern with integrity and in a manner that is ethical, transparent, and accountable.
Provide goods and services in a manner that is sustainable and safe.
Respect and promote the well-being of all employees, including those in their value chain.
Respect the interest of and be responsive to all its stakeholders.
Respect and promote human rights.
Respect and make efforts to protect and restore the environment.
Influence public and regulatory policy in a responsible and transparent manner.
Promote inclusive growth and equitable development.
Engage and provide value to consumers in a responsible manner.
