NGRBC — National Guidelines on Responsible Business Conduct
NGRBC are the 9-principle framework issued by India's Ministry of Corporate Affairs in 2018, forming the backbone of SEBI's BRSR disclosure format.
Definition
NGRBC (National Guidelines on Responsible Business Conduct) is a 9-principle framework issued by India’s Ministry of Corporate Affairs (MCA) in 2018. It superseded the earlier National Voluntary Guidelines (NVG, 2011) and forms the conceptual backbone of SEBI’s BRSR disclosure format.
The 9 NGRBC Principles are:
| # | Principle | Theme |
|---|---|---|
| P1 | Ethics, Transparency, and Accountability | Governance |
| P2 | Sustainable Products and Services | Environment |
| P3 | Employee Wellbeing | Social |
| P4 | Stakeholder Engagement | Social |
| P5 | Human Rights | Social |
| P6 | Environment | Environment |
| P7 | Public Policy | Governance |
| P8 | Inclusive Growth | Social |
| P9 | Customer Value | Social |
How NGRBC connects to BRSR
The BRSR format Section C is structured by NGRBC Principle — each principle has Essential indicators (mandatory) and Leadership indicators (voluntary). The 9 BRSR Core attributes are also organised under specific NGRBC Principles (1, 3, 5, 6, 8, and 9 — none under P2, P4, or P7).
The NGRBC Principles themselves are MCA-issued guidance; the disclosure format (BRSR / BRSR Core) is the SEBI-prescribed reporting layer that applies the NGRBC framework to listed entities.