Page 100 - CRISIL ESG Report 2023

11. Details of safety related incidents
Lost Time Injury Frequency Rate (LTIFR) (per one million-person hours worked) Total recordable work-related injuries
No. of fatalities
High consequence work-related injury or ill-health (excluding fatalities)
*The 2 incidents pertain to contract workforce
12. Describe the measures taken by the entity to ensure a safe and healthy workplace.
Refer to Q.10 (a) and Q.10(b) above
13. Number of Complaints made by employees and workers on Health & Safety and working conditions.
Please refer to Table no. 22 on pg. no. 70 of the ESG Databook.
14. Assessments for the year of the plants and offices on health & safety practices, working conditions etc.
Please refer to Table no. 20 on pg. no. 68 of the ESG Databook.
0.42 -
1 -
- -
- -
Safety Incident/Number
FY2023
FY 2022
FY 2021
5.01
2*
-
-
15. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and on significant risks / concerns arising from assessments of health& safety practices and working conditions.
There were two safety related incidents during the year related to driving safely into the premises, for which adequate safety instructions were updated and safety installations were completed. There are no risks arising from assessments of health & safety practices or working conditions.
Leadership Indicators
1. Does the entity extend any life insurance or any compensatory package in the event of death of:
(A) Employees (Y/N) Yes. CRISIL extends life insurance/ compensatory packages in the event of the death of an employee. For details of the employees and contract staff covered under life insurance, please
refer to Table 14 on Page 66 of the ESG Databook.
(B) Workers (Y/N) Not applicable as CRISIL does not have any workers.
2. Provide the measures undertaken by the entity to ensure that statutory dues have been deducted and deposited by the value chain partners.
We contractually bind our major suppliers of IT support, staffing solutions partners, facility management and security services that employ people from the more vulnerable sections with lower literacy levels, to comply with labour standards such as minimum wages, gratuity, bonus, leave, employees’ state insurance and other employment laws.
3. Provide the number of employees / workers having suffered high consequence work-related injury / ill-health / fatalities (as reported in Q11 of Essential Indicators above), who have been rehabilitated and placed in suitable employment or whose family members have been placed in suitable employment
None of the employees from CRISIL suffered high consequence work-related injury/ ill-health/ fatalities during 2023. Hence, not applicable.
4. Does the entity provide transition assistance programs to facilitate continued employability and the management of career endings resulting from retirement or termination of employment? (Yes/ No)
Yes
We provide retirement planning assistance for employees who are in the retirement stage which includes coverage of financial planning, investment opportunities evaluation and corpus protection. For role closures, we align the employees to a well-known placement consultancy. We had also launched ‘ReBoot with CRISIL’, a programme exclusively for women who took career breaks. They were offered flexible working hours to smoothen their return to work and facilitate their career re-start.
5. Details on assessment of value chain partners
Please refer to Table no. 19 on pg. no. 68 of the ESG Databook.
6. Provide details of any corrective actions taken or underway to address significant risks /concerns arising from assessments of health and safety practices and working conditions of value chain partners.
During the year, 175 suppliers covering 32.4% of our spend participated in a self-assessment exercise to ascertain conformity to laws, norms and best practices in the areas of protection of human rights, provision of safe workplace and environment responsibility. Through these self-assessments, CRISIL ensures that our suppliers adhere to minimum social norms such as OFAC compliance, minimum wage standards, child labor prevention, and anti-bribery measures. We believe learnings from this assessment will bring more rigour to our supplier assessment process and raise the bar on ESG practices across CRISIL’s supply chain over time. The assessments are conducted periodically, and any unfavourable responses on the above minimum social regulations from our suppliers are reviewed by business and corporate teams, leading to necessary actions, ensuring no material gaps remains un-addressed.
98 ESG Report 2023
Business Responsibility and Sustainability Report