Page 105 - CRISIL ESG Report 2023

PRINCIPLE 6: Businesses should respect and make efforts to protect and restore the environment
Essential Indicators
1. Details of total energy consumption (in Joules or multiples) and energy intensity. Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N). If yes, name of the external agency.
Yes. Independent external limited Sustainability Reporting assurance was conducted by DNV.
Please refer to Table no. 25 on pg. no.72 of the ESG Databook.
2. Does the entity have any sites / facilities identified as designated consumers (DCs) under the Performance, Achieve and Trade (PAT) Scheme of the Government of India? (Y/N) If yes, disclose whether targets set under the PAT scheme have been achieved. In case targets have not been achieved, provide the remedial action taken, if any.
No. Not applicable as CRISIL’s operations do not relate to the designated consumers specified under the PAT scheme of the Government of India.
3. Provide details related to water. Note: Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency
Yes. Independent external limited Sustainability Reporting assurance was conducted by DNV.
Please refer to Table no. 26(a) on pg. no.72 of the ESG Databook.
4. Provide the following details related to water discharged. Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N). If yes, name of the external agency
Yes. Independent external limited Sustainability Reporting assurance was conducted by DNV.
Please refer to Table no. 26(b) on pg. no.73 of the ESG Databook.
5. Has the entity implemented a mechanism for Zero Liquid Discharge? If yes, provide details of its coverage and implementation.
No.
However, Refer point 1 of Table no. 27 on page 74 of the ESG Databook for other measures on water conservation.
6. Please provide details of air emissions (other than GHG emissions) by the entity. Indicate if any independent assessment/ evaluation/ assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency
Yes. Independent external limited Sustainability Reporting assurance was conducted by DNV.
Please refer to Table no. 29 on pg. no.76 of the ESG Databook.
7. Provide details of greenhouse gas emissions (Scope 1 and Scope 2 emissions) & its intensity. Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency
Yes. Independent external limited Sustainability Reporting assurance was conducted by DNV.
Please refer to Table 30(a) on pg. no.76 of the ESG Databook.
8. Does the entity have any project related to reducing Green House Gas emission? If Yes, then provide details.
Yes. CRISIL includes environment sustainability as a metric in our Balance Score Card.
We migrated our largest energy consuming premise, CRISIL House Mumbai, to 100% renewable energy commencing 2023, thereby contributing towards significant reduction of our carbon footprint. This contributed to a significant 64% reduction in our Scope 1 & 2 carbon emission over 2019. Proportion of energy consumption from renewable sources enhanced from 5% last year to 58% in 2023.
CRISIL adheres to a comprehensive accounting for indirect emissions by incorporating business travel, work-from-home, capital purchases and other purchased goods into Scope 3. Our Scope 3 thus encompasses 85% of total emissions. CRISIL continued collecting actual emission data from its supply chain to enhance the accounting for GHG emissions. Sensitization and encouragement of supply chain to begin monitoring and disclosing the carbon impact of their operations remains the main goal.
Furthermore, there was increased attention on tracking our carbon footprint through business travel which contributes to 30% of our overall Scope 3 emissions. During 2023, we introduced a tracker of travel related emissions by business, in our effort to keep such emissions at acceptable level.
Refer table 27 of the ESG Databook for specific initiatives to lower the environment footprint.
9. Provide details related to waste management by the entity. Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency
Yes. Independent external Sustainability Reporting limited assurance was conducted by DNV. Please refer to Table 28, 28(a), 28(b) on Page 75 of the ESG Databook.
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