The understanding of NGBRC is relevant to appreciating the BRSR reporting framework.
The National Guidelines for Responsible Business Conduct (NGRBC) were introduced to help businesses go beyond regulatory compliance and adopt responsible practices. These guidelines align with international standards and frameworks, promoting transparency and sustainability.
Evolution of NGRBC
| Year | Development |
|---|---|
| 2011 | MCA issued National Voluntary Guidelines (NVGs) on Social, Environmental, and Economic Responsibilities of Business. |
| 2019 | NVGs were updated and reissued as NGRBC to align with evolving international commitments. |
Key Change Drivers of NGRBC
🌍 UNGPs – UN Guiding Principles for Business and Human Rights
🎯 SDGs – Sustainable Development Goals
👷 ILO – International Labour Organisation
📑 ABRRs – Annual Business Responsibility Report
Structure of NGRBC
The framework consists of two chapters and annexures:
Chapter 1: Introduction, background, and driving forces behind NGRBC.
Chapter 2: Core elements, including nine principles.
Annexures: Practical guidance for businesses on implementing NGRBC.
📌 Fact: NGRBC is designed to assist businesses in embracing sustainability while making a positive impact on society.
NGRBC Principles & Core Elements
The NGRBC identifies 9 key principles covering Environmental, Social, and Governance (ESG) factors. These principles align with the 17 UN SDGs and apply to businesses across supply chains.
The 9 Principles of NGRBC
| Principle No. | Guideline |
| 1️⃣ | Businesses should operate with integrity, ensuring ethics, transparency, and accountability. |
| 2️⃣ | Products and services should be sustainable and safe. |
| 3️⃣ | Respect and promote the well-being of employees, including those in the supply chain. |
| 4️⃣ | Be responsive to stakeholders and respect their interests. |
| 5️⃣ | Promote human rights across business operations. |
| 6️⃣ | Protect and restore the environment. 🌱 |
| 7️⃣ | Engage in public and regulatory policy responsibly. 🏛️ |
| 8️⃣ | Foster inclusive growth and equitable development. 📈 |
| 9️⃣ | Provide value to consumers responsibly. 🛒 |
Conclusion
The NGRBC framework helps businesses align with global sustainability goals, enhance transparency, and contribute positively to society. By following these principles, companies can ensure ethical governance, protect the environment, and promote equitable development.
✅ Key Takeaway: Implementing NGRBC not only helps businesses meet compliance but also strengthens their long-term sustainability and reputation.
📢 Action Point: Businesses should integrate these principles into their operations to drive meaningful change.
