Mandated Sustainability Assurance vs. Real Performance: Unpacking the Impact of SEBI’s BRSR Core on Capital Allocation and Market Valuation in NIFTY 500 Companies
Author(s): CA Sachin Vaman Devare
Publication #: 2611003
Date of Publication: 04.06.2026
Country: India
Pages: 1-6
Published In: Volume 12 Issue 3 June-2026
DOI: https://doi.org/10.62970/IJIRCT.v12.i3.2611003
Abstract
The introduction of the Securities and Exchange Board of India's (SEBI) Business Responsibility and Sustainability Reporting Core (BRSR Core) framework marked a significant shift in India's corporate ESG landscape. Originally conceptualized in July 2023, this mandatory "reasonable assurance" regime aimed to eliminate greenwashing by bringing financial-grade audit rigor to non-financial metrics.
By targeting the NIFTY 500 companies through a phased rollout, SEBI created a structural divide in the Indian capital markets: Mandated Sustainability Assurance vs. Real Operational Performance.
Keywords: sustainability, SEBI, capital allocation, market allocation, NIFTY, companies
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