Consider the following statements: [Monetary Policy]

I. The Reserve Bank of India mandates all the listed companies in India to submit a Business Responsibility and Sustainability Report (BRSR).

I. In India, a company submitting a BRSR makes disclosures in the report that are largely non-financial in nature.

Which of the statements given above is/are correct?

The correct option is II only.

Let us analyze the statements step-by-step to understand why this option is correct:

Statement I is incorrect:
The Business Responsibility and Sustainability Report (BRSR) mandate was introduced and is overseen by the Securities and Exchange Board of India (SEBI), which is the regulator for the securities market in India, and not the Reserve Bank of India (RBI). SEBI mandated that the top 1,000 listed entities by market capitalization must submit a BRSR starting from the financial year 2022–2023. Therefore, Statement I is false.

Statement II is correct:
The BRSR is a reporting framework aligned with the Environmental, Social, and Governance (ESG) perspective. It requires companies to disclose their performance against the nine principles of the National Guidelines on Responsible Business Conduct (NGRBC). These disclosures cover ESG aspects such as greenhouse gas emissions, waste management, water usage, employee well-being, gender diversity, and anti-corruption policies. Consequently, the information disclosed in a BRSR is largely non-financial in nature.

Since Statement I is incorrect and Statement II is correct, the correct option is "II only".