Page 55 - CRISIL ESG Report 2023

Sustainable supply chain
CRISIL’s aim is to make sustainability foundational in everything we do. For CRISIL, it is essential to engage with partners who are environment conscious, diverse and operate ethically.
About our supply chain
CRISIL works with a supply chain which has 1,290+ service providers, predominantly in the areas of IT services and support; IT software; IT equipment providers; facility management; administration and security; and consultancy and professional service providers. Our supply chain is predominantly based in India. The annual spend through our supplier chain is C 592.06 crore. A significant part of our supply chain comprises business in the small and medium scale sector.
Governance around the supply chain
CRISIL’s Supplier Code of Conduct serves as a guideline for environmentally friendly, socially acceptable, and ethically righteous supply chain. CRISIL looks at suppliers as strategic partners and thus endeavours to engage with partners having similar vision towards ESG. ESG is about making a difference - for your business and our world. Creating sustained outcomes that drive value and fuel growth, whilst strengthening our environment and societies is the mindset that drives our supply chain interventions.
CRISIL provides fair and equal opportunity to all suppliers. Partnering with diverse suppliers is a significant component of CRISIL’s overall commitment to seeking a diverse and inclusive workplace. CRISIL’s Central Procurement Team is based in India and manages global procurement. However, for local needs for each geography, we engage with local suppliers.
The key initiatives on governance around our supply chain are:
Improving employee training and awareness on ESG
Improving supplier diversity
Driving driving sustainability related practices in supply chain by increasing social assessments, training, and coverage for emissions data
Setting highest standards of corporate governance
Supply chain sustainability assessment
CRISIL is committed to maintaining the greatest ethical standards. We anticipate that our supply chain will uphold the same standards and make sure that all relevant laws, rules, and regulations including those pertaining to human rights are followed.
CRISIL strives to establish an ethical, diverse, and environmentally responsible supply chain. CRISIL encourages its supply chain partners to embrace the values outlined in the CRISIL Supplier Code of Conduct to lead them on this path. Our Supplier Code of Conduct describes the minimal standards of behaviour to which CRISIL expects its suppliers to comply within the areas of child labour, health and safety, environmental stewardship, fraud prevention, non-discrimination, and business ethics. A distinct provision under the terms and conditions of the Purchase Orders (PO) sent to vendors emphasises the importance of adherence to the Supplier Code of Conduct.
Read CRISIL Supplier Code of Conduct
90%
of our supplies are procured from local suppliers
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