Statutory ESG Assurance To Challenge Companies In FY’24
SEBI has mandated reasonable assurance’, a heavy-weight category, for FY’24 ESG disclosure for the top 150 companies.
A limited assurance which was voluntary earlier is basically a sample-based verification, and only a limited number of locations, facilities, and KPIs are put to test. The assurance opinion of reasonable assurance is stated using a double-negative structure, reflecting a low level of confidence in the outcome.
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