Page 106 - CRISIL ESG Report 2023

10. Briefly describe the waste management practices adopted in your establishments. Describe the strategy adopted by your company to reduce usage of hazardous and toxic chemicals in your products and processes and the practices adopted to manage such wastes.
Being in the financial services sector, our processes are inherently non-hazardous and safe in nature and does not involve usage of hazardous and toxic chemicals.
We continued our efforts in monitoring the wet waste and dry waste through the Standard Operating Procedure rolled out in 2022. While the dry waste is handed over to the scrap vendors for re-cycling, wet waste is given to certified vendors for processing at feasible locations.
In continuation of our efforts for responsible paper consumption, we have migrated 5 offices to eco-friendly printer paper consumption in 2023. We are continuously monitoring opportunities for substituting other printing activities using eco-friendly paper. CRISIL’s Annual report is printed on recyclable paper each year.
It may also be taken into consideration that:
• 91.8% Waste generated across pan-India CRISIL offices was recycled in 2023
• 71% of all in-house office printing in India offices is done on eco-friendly paper.
11. If the entity has operations/offices in/around ecologically sensitive areas (such as national parks, wildlife sanctuaries, biosphere reserves, wetlands, biodiversity hotspots, forests, coastal regulation zones etc.) where environmental approvals / clearances are required
We do not have operations/ offices in/ around ecologically sensitive areas.
12. Details of environmental impact assessments of projects undertaken by the entity based on applicable laws, in the current financial year
Not applicable. Environmental impact assessment is applicable to companies operating in infrastructure development and not relevant to CRISIL’s operations.
13. Is the entity compliant with the applicable environmental law/ regulations/ guidelines in India; such as the Water (Prevention and Control of Pollution) Act, Air (Prevention and Control of Pollution) Act, Environment protection act and rules thereunder (Y/N). If not, provide details of all such non-compliances.
Yes.
Leadership Indicators
1. Water withdrawal, consumption and discharge in areas of water stress (in kilolitres)
For each facility / plant located in areas of water stress, provide the following information:
(i) Name of the area
(ii) Nature of operations
(iii) Water withdrawal, consumption & discharge.
Indicate if any independent assessment/ evaluation/assurance has been carried out by an external agency? (Y/N) If yes, name of the external agency
The following offices of CRISIL are in water stress areas as per the Aqueduct Water risk tool (By WRI): Ahmedabad (one), Bangalore (one), Gurgaon (one), Hyderabad (two), Pune (two), Chennai (one), Dubai (one).
However due to reporting boundaries as described in the report, water data pertains to only 3 of our office locations namely Gurugram, Pune (one) and Ahmedabad.
Ratings, Research, Analytics & Solutions
Refer to table no 26(C) of ESG Databook for water withdrawal and consumption data.
Yes. Independent external limited Sustainability Report assurance is provided by DNV.
2. Please provide details of total Scope 3 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 Sustainability Reporting limited assurance was conducted by DNV.
Please refer to Table no. 30(b) on pg. no.76 of the ESG Databook.
3. With respect to the ecologically sensitive areas reported at Question 11 of Essential Indicators above, provide details of significant direct & indirect impact of the entity on biodiversity in such areas along-with prevention and remediation activities.
Not applicable as we do have operations/offices in/around ecologically sensitive areas.
4. If the entity has undertaken any specific initiatives or used innovative technology or solutions to improve resource efficiency or reduce impact due to emissions / effluent discharge / waste generated, please provide details of the same as well as outcome of such initiatives.
Please refer to Table no. 27 on pg. no.74 of the ESG Databook. Please refer to Q10 of Essential Indicator of Principle 6.
104 ESG Report 2023
Business Responsibility and Sustainability Report