Page 34 - CRISIL ESG Report 2023

Green building
CRISIL offices play a pivotal role in managing our environmental footprint. We strive to design, build and operate our facilities in a manner that minimises resource consumption, reduces GHG emissions, and improves indoor environmental quality for the well-being of our employees. To support these efforts, we follow sustainability best practices, including operating from premises certified by the Indian Green Building Council’s Leadership in Energy and Environmental Design (LEED) certification programme. CRISIL’s Gurugram office
Reduced GHG emissions
renewed its LEED Gold certification in 2023. Currently, 19% of our office premises in India in sq. ft. terms, have Green Building certification.
19%
office area under green building in India
In recent years, climate change has emerged as one of the most pressing issues. Although CRISIL’s business does not contribute significantly to GHG emissions, we acknowledge that our actions play a significant role in establishing industry standards and exemplifying best practices. To support our environmental goals, we are tracking our emissions and implementing best practices in our management.
CRISIL’s commitment to emission-related goals
Being a subsidiary of S&P Global Inc, CRISIL is covered under S&P Global Inc’s SBTi commitment.
Refer to SBTi website for S&P’s validated SBTi commitment
As a part of this commitment, CRISIL is on a journey to reduce absolute Scope 1 and 2 GHG emissions by 25.2% by 2025 from a 2019 base year.
CRISIL achieved a major milestone in this journey in 2023, by transitioning its largest energy-consuming premise, CRISIL House, Mumbai, to 100% renewable energy sourcing. This contributed to a significant 64% reduction in our Scope 1 & 2 carbon emission over 2019.
While we burn a small amount of fuel on-site, mostly diesel generators are used only as back-up power, on account of which, our Scope 1 emissions are low.
Scope 1 & 2 emission (MtCO2e)
CRISIL allows comprehensive accounting for indirect emissions by incorporating business travel, work- from-home, capital purchases and other purchased goods into Scope 3. Our Scope 3 emissions accounts for 85% of total emissions. CRISIL continued collecting actual emissions data from its supply chain to enhance the accounting for GHG emissions. Sensitisation 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.
6,309.1
3,527
4,359
2,277
2019 2021 2022 2023
32 ESG Report 2023
Environment