Page 57 - CRISIL ESG Report 2023

During 2023, our sourcing from marginalised suppliers was as follows:
*considering India spend only
Supply chain capacity building
CRISIL launched a new supply chain training in 2021 to reinforce our efforts to encourage our suppliers to adhere to our Supplier Code of Conduct. The training focusses on CRISIL’s key policy framework that governs the supply chain, the CRISIL Supply Chain Code of Conduct and CRISIL’s Supplier Diversity Framework.
CRISIL provides training to its suppliers with an aim to build supplier capacity and focus on ESG. The training series cover topics in areas such as social and environmental sustainability,businessconductandcompliance.Thetraining also emphasises the supply chain’s need to adopt responsible standards for managing energy use, GHG emissions and waste.
Creating environment-conscious supply chain
At CRISIL, we measure our carbon footprint by considering emissions not only from our own operations, but also from upstream activities, such as the procurement of capital goods and other purchases. Our supply chain has emerged as a significant contributor to our carbon footprint, surpassing emissions from our own facilities. CRISIL is focussed on sensitising, raising awareness and fostering behavioural changes within its supply chain. CRISIL requires its suppliers to report GHG emissions stemming from the lifecycle of their products and services. This information is crucial for various reporting requirements, including BRSR. We actively encourage and support our supply chain partners in measuring and disclosing the carbon footprint of their operations. Towards this end, CRISIL decided to request emission value from suppliers where aggregate purchase order value exceed C 10 Lakhs, excluding small and medium enterprises and other similar categories where there was a challenge in availability of accurate emissions data. The response received primarily refined our approach towards data collection in relation to indirect emissions through supply chain.
Vendor engagement process
Engaging with stakeholders is pivotal for the success of the organisation, as effective engagement with stakeholders helps shape their needs into organisational goals. Therefore, CRISIL believes that it is important to engage with them and understand their expectations, needs and concerns. Such engagements also ensure seamless and enduring collaboration.
Suppliers are encouraged to report any unethical practice or grave misconduct observed while providing services to CRISIL, on: whistleblower@crisil.com.
Refer to Whistleblower Policy of CRISIL
18.43%
procurement through MSME vendors*
0.61%
procurement through Women-owned enterprises*
88suppliers covering
18.9%
of our procurement spend trained on the Supplier Code of Conduct.
Considering the training done during 2022, the aggregate % of supply chain trained till date based on current year’s value of business with them is
54.9%
200+
comprising suppliers
Restatement: In 2022, 48.9% (instead of 62% reported last year) of the supply chain in value was trained, comprising 161 suppliers.
ESG Report 2023 55