Prashanth Joseph, Head of ESG Impact Grows
12th January 2024
Subex Limited, a prominent telecom AI company, listed among India's top 1000 companies by market cap, had to submit a comprehensive Business Responsibility and Sustainability Reporting (BRSR) for the fiscal year 2022-2023, in accordance with SEBI's regulations. As an institution that has been actively engaged in Business Responsibility Reporting (BRR) in prior years, the transition to BRSR represented a significant step towards embracing a more intricate and data-intensive reporting process. Subex Limited was keen to demonstrate a strong commitment to Environmental, Social, and Governance (ESG) considerations, which fuelled its determination to publish an extensive BRSR report, even though it was the first time the firm was going to do it.
To navigate the challenges of BRSR reporting and ensure a seamless transition, Subex Limited partnered with BillionLives, a firm specialising in ESG consulting and technology solutions. BillionLlives provided consulting expertise, enabled by its in-house ESG software platform, Impact Grows. The platform helps companies streamline their ESG management needs and generate sustainability reports on various global frameworks, including BRSR.
The Impact Grows platform empowers companies to bolster their sustainability performance by offering a range of functionalities, including:
Recognizing the complexities associated with BRSR reporting, BillionLives took a hands-on approach to guide Subex Limited through the process. The collaboration followed a comprehensive methodology, detailed below:
Since this was the first-year companies were reporting on BRSR framework, Subex Limited encountered challenges, primarily related to adjusting to novel data pre-requisites and establishing efficient data collection procedures. Nevertheless, through robust cooperation amongst stakeholders and the support of BillionLives team, these obstacles were effectively overcome. The adoption of the Impact Grows software platform not only streamlined the report generation process, but also ensured precision in data collection and compliance with BRSR disclosure stipulations. BillionLives team was able to suggest areas where Subex Limited could demonstrate its commitment to sustainability. This collective endeavour culminated in the development of a thorough BRSR report, highlighting the steps taken by Subex Limited in its push towards contributing to a sustainable future.