This briefing note builds on two previous reports by the Institute for Energy Economics and Financial Analysis (IEEFA). The first report, titled Bridging the net-zero gap, is an empirical assessment of transition plan disclosures by 33 Indian companies across six high-emitting sectors. The second, titled Corporate climate transition planning and disclosures in India, is a comparative mapping of Business Responsibility and Sustainability Reporting (BRSR) and the International Sustainability Standards Board’s (ISSB) International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures standard against IEEFA’s transition plan assessment framework. Both reports concluded that the BRSR provides a strong base for sustainability disclosures but does not, in its current form, support the forward-looking, financially integrated transition plan information that capital providers such as lenders and investors increasingly require.
This note translates those findings into a concrete, two-phase pathway that the Securities and Exchange Board of India (SEBI) and Indian companies can use to embed transition planning within BRSR. The objective is not to create a parallel disclosure regime, but to make BRSR fit for the purpose by reorganising existing disclosures, supplementing them with a small set of priority metrics, and sequencing the introduction of new requirements in a manner sensitive to corporate sector readiness.