Page 66 - CRISIL ESG Report 2023

Sr. No.
Material issue identified
Indicate whether risk or opportunity (R/O)
Rationale for identifying the risk / opportunity
In case of risk, approach to adapt or mitigate
Financial implications of the risk or opportunity
(Indicate positive or negative implications)
3 Strong governance
oversight
4 Talent retention & succession
5 Employee enablement &
well being
6 Risk Management
7 Innovation and technology
8 Human Rights
9 Environmental sustainability
10 Diversity, Equity & inclusion
Note:
Opportunity
Risk
Opportunity
Opportunity
Opportunity
Opportunity
Risk
Opportunity
The results will help us make decisions based on relevant data and meet increasing demands from regulators and reporting standards. This exercise also helps us identify risks and opportunities pertaining to those identified areas.
The survey was conducted across diverse stakeholders including clients, vendors, community, shareholders, employees and top management.
Positive
Strong governance oversight ensures growth and strategic direction
Negative
High attrition could have negative operational implications, which are mitigated through talent retention initiatives
Positive
Employee empowerment, learning and development and well-being initiatives lead to a productive workforce
Positive
Risk management ensures timely identification of risks and stability of operations
Positive
Innovation and technological adaptation results in development of new products and services while ensuring growth by delivering with speed and agility
Positive
Upholding the rights and freedom of all employees, workers and others in CRISIL’s value chain ensures ethical behaviour and attacts talent
Negative
Climate change can lead to physical risk to Company property due to climate disasters and cost for transition to low carbon economy
Positive
Creates a diverse workforce
with different perspectives, high engagement and fosters innovation
**The Management Discussion and Analysis Report forms part of CRISIL Annual Report 2023 and is available at https://www.crisil.com/en/home/investors/ financial-information/annual-report.html
9. Details on awareness programmes conducted for value chain partners on any of the Principles during the year
1 With a view to strengthening our efforts in encouraging our suppliers to adopt our 18.99% Suppliers’ Code of Conduct, our suppliers are trained on Supplier Code of Conduct
and awareness on ESG
Note:
Restatement: In 2022, 48.93% (instead of 62% reported last year) of the supply chain in value was trained, comprising 161 suppliers.
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 54.92% comprising 200+ suppliers.
Total number of awareness programmes held
Topics / principles covered under the training
% of value chain partners covered (by value of business done with such partners) under the awareness programmes
64 ESG Report 2023
ESG Databook