KALI Ltd. is India's one of the largest FMCG Company with 50-year heritage in the country. In terms of compliance of reporting under Business…

CA Final · Advanced Auditing, Assurance and Professional Ethics · PYQS · November 2024
KALI Ltd. is India's one of the largest FMCG Company with 50-year heritage in the country. In terms of compliance of reporting under Business Responsibility and Sustainability Report (BRSR), for the F.Y. 2023-24, CEO & MD of the company reports that "At KALI Ltd. our BRSR adheres to the nine principles of the SEBI framework on sustainability reporting, informing stakeholders of our sustainability endeavours." While giving principle wise performance the following core elements associated with the respective principle need to be covered in the report: (i) Entities, when in the business of providing essential goods and services (e.g. Utilities), should enable universal access, including to those whose services have been discontinued for any reason, in a non-discriminatory and responsible manner. (ii) Entities should inform the customers on the safe and responsible ways of usage, reuse, recycling, and disposal of their products, and ways to eliminate over consumption. (iii) The entities should transparently and accurately disclose all kinds of adverse impacts to the user, planet, society, on the biodiversity from their products. (iv) The entities are responsible to educate and make aware their consumers and clients about their rights. From the above information, identify which core elements are related to Principle-9?
(A) (i) & (iv)
(B) (i), (ii) & (iii)
(C) (i), (iii) & (iv)
(D) (ii), (iii) & (iv)

Suggested Answer and Working Notes:

Correct Answer: Option (B)

(i), (ii) & (iii)

Topics: Emerging Areas: Sustainable Development Goals (SDG) & Environment, Social and Governance (ESG) Assurance

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