India witnessed a marginal dip in corporate by the top 100 companies

Vastavam web: India has witnessed a marginal dip in corporate responsibility-related reporting by the top- 100 companies, but continues to be among the best in the world in this aspect, a 49-country study has found.It also tops in the list of countries with highest rate of corporate responsibility (CR) related information in annual reports, it said, adding 98 per cent of the top 100 companies have the details.
It can be noted that under the amended Companies Act, 2013, corporate social responsibility (CSR) reporting has been made mandatory for companies.”The Business Responsibility Report (BRR), an annual disclosure mandated by the Securities and Exchange Board of India (SEBI), requires the top 500 listed companies to report on nine core principles, one of which focuses on human rights,” Santhosh Jayaram, KPMG’s partner for sustainability services, said.