WHAT ARE THE NINE PRINCIPLES OF THE BRSR?
The BRSR was developed based on nine principles, each of which has two components: essential and leadership indicators. Essential indicators are mandatory and based on environmental and social factors. Leadership indicators are voluntary and aimed at companies that “aspire to progress to a higher level in their quest to be socially, environmentally and ethically responsible,” as stated in the regulation.
THE NINE PRINCIPLES OF THE BRSR ARE:
- Businesses should conduct and govern themselves with integrity and in a manner that is ethical, transparent and accountable.
- Businesses should provide goods and services in a manner that is sustainable and safe.
- Businesses should respect and promote the well-being of all employees, including those in their value chains.
- Businesses should respect the interests of and be responsive to all their stakeholders.
- Businesses should respect and promote human rights.
- Businesses should respect and make efforts to protect and restore the environment.
- Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent.
- Businesses should promote inclusive growth and equitable development.
- Businesses should engage with and provide value to their consumers in a responsible manner.