The Business Responsibility and Sustainability Report (BRSR) is a disclosure framework introduced by SEBI to promote transparency in a company’s non-financial performance, particularly in Environmental, Social, and Governance (ESG) areas.

❌ Statement I: Incorrect

• SEBI, not the RBI, mandates the submission of BRSR.
• It applies to the top 1,000 listed companies by market capitalization.

✅ Statement II: Correct

• BRSR disclosures are mostly non-financial and focus on areas like environment, social responsibility, and governance.