Page 5 - CRISIL ESG Report 2023

Ensuring a high degree of sustainability and business growth is imperative for businesses around the world. We recognised this trend early and worked meticulously towards creating environmental, social and governance (ESG) offerings, spanning research, data and insights, which enable our clients to make informed decisions.
The ‘ESG Compendium-ESG Gauge’ that was released in 2021, analysed 225 Indian listed companies as a part of CRISIL’s first offering in the ESG Research segment. Expanding the horizon of coverage, we analysed and scored 1000 companies across 63 sectors in 2023. Our Global Research & Risk Solutions (GR&RS) division enables the world’s leading banks, asset managers and financial institutions to address their sustainability needs and challenges by providing customised risk and data analytics, ESG and climate risk integration, and bespoke research services. The gamut of our services also covers strategy, gap assessment, policy framework and disclosures.
The commitment to sustainability is deeply ingrained in CRISIL’s policies and practices. We have a dedicated ESG policy, and a corporate social responsibility (CSR) policy, which underlines our commitment to improving our social impact across the communities we serve.
We have included environmental sustainability as one of the metrics for measuring business performance and implemented key initiatives in the areas of renewable energy usage, responsible waste disposal and resource utilisation, which are outlined later in this report.
Our employees are true change champions, as they volunteer for social causes such as environment conservation and mentoring of underprivileged students.
The talent and dedication of our employees provides us a winning edge in the marketplace. CRISIL has made concerted efforts to develop and nurture talent by adopting people-first policies. Diversity, equity and inclusion (DEI) is an essential thread that binds our organization and our value proposition is closely intertwined with innovation.
We engage with suppliers from diverse backgrounds, encourage them to evaluate their adherence to best-in-class policies and practices, and also train our supply chain partners on key ESG principles.
In line with CRISIL’s commitment to sustainability, we have formalised our ESG strategy and goals and continue to focus on emerging issues and trends. Finally, we reiterate that ESG will continue to guide our sustainability strategy and long-term value creation efforts.