The voluntary nature of environmental disclosures for the top 1,000 listed companies was transformed into a regulated standard in 2022 when the Securities and Exchange Board of India (SEBI) required Business Responsibility and Sustainability Reporting (BRSR). This study examines the relationship between commercial creditworthiness and BRSR disclosure quality using Nestlé India Limited as a case study from FY 2022–2023 to FY 2024–2025. A primary survey of 100 financial experts, financial rate analysis, Pearson correlation testing, and content analysis of BRSR reports (0–2 score across nine principles) are all included in this mixed-styles study. Nestlé India increased its BRSR disclosure indicator from 83.3% to 100% while maintaining its AAA/Stable credit rating. Statistical analysis reveals a significant positive correlation (r = 0.85) between BRSR scores and the interest coverage rate and a somewhat negative correlation (r = -0.28) with the debt-to-equity rate. Professionals strongly endorse BRSR's contribution to credit stability, and the survey findings indicate that governance is the most crucial aspect (48).
Shahin et al. (2026) studied this question.