Strengthening sustainability reporting through robust standards, capacity building, collaboration, and SEBI-aligned frameworks for the Social Stock Exchange.
Focus
Reporting Standards
Robust, consistent, comparable frameworks.
Method
Capacity Building
Workshops, training, and technical literature.
Alignment
SEBI + SSE
Framework and thematic audit areas.
Key areas
Explore each pillar — designed to improve credibility and non-financial reporting outcomes.
The mission of SRSB is to strengthen sustainability reporting practices in India by developing robust frameworks and standards. These standards aim to improve transparency, consistency, and comparability in reporting non-financial performance across organizations.
SRSB is actively engaged in enhancing the knowledge and skills of ICAI members and other stakeholders. It conducts workshops, seminars, and training programs, and publishes technical literature on key sustainability-related topics to build capacity in sustainability reporting and assurance.
To promote sustainable development, SRSB interacts with national and international bodies, regulators, and standard-setting organizations. These engagements support the development of policies and regulations aligned with global sustainability goals.
SEBI, through notifications dated 25 July 2022 and 19 September 2022, prescribed a detailed framework for the Social Stock Exchange in India. These notifications also identified 16 thematic areas for conducting social audit engagements.
SEBI alignment
Notifications dated 25 July 2022 and 19 September 2022 prescribed the SSE framework and identified 16 thematic areas for social audit engagements.
Notification
25 July 2022
Prescribed the detailed framework for the Social Stock Exchange in India.
Notification
19 September 2022
Expanded SSE implementation guidance and identified thematic areas for social audit engagements.
Eligible activities
To qualify for the SSE, a social enterprise must work in at least one of the 16 broad areas SEBI recognises — drawn from Schedule VII of the Companies Act and the UN Sustainable Development Goals.
Plus any other area identified by SEBI or the Government of India from time to time. Enterprises must serve underserved or less-privileged populations or regions.
The assessor
An NPO's annual impact report must be assessed by an independent Social Auditor (Social Impact Assessor) — never by the NPO itself. To qualify, an auditor must clear the NISM Series XXIII – Social Auditors Certification Examination and be empaneled with a Self-Regulatory Organisation.
ICAI
Institute of Social Auditors of India
ICMAI
Social Auditors Organisation
ICSI
Institute of Social Auditors