Page 97 - CRISIL ESG Report 2023

Leadership Indicators
1. Awareness programmes conducted for value chain partners on any of the Principles during the financial year
Please refer to Table No. 9 on pg. no.64 of the ESG Databook.
2. Does the entity have processes in place to avoid/ manage conflict of interests involving members of the Board? (Yes/No) If Yes, provide details of the same.
Yes.
CRISIL has a comprehensive “Code of Conduct for Directors and Senior Management” available at https://www.crisil.com/content/dam/ crisil/investors/corporate-governance/code-directors-sr-management.pdf. Every Board member discloses the names of the entities or arrangements in which they are interested which is brought to the attention of the Board.
PRINCIPLE 2: Businesses should provide goods and services in a manner that is sustainable and safe.
Essential Indicators
1. Percentage of R&D and capital expenditure (capex) investments in specific technologies to improve the environmental and social impacts of product and processes to total R&D and capex investments made by the entity, respectively.
ESG factors are integrated in our products and offerings as ESG is a strategic and important objective for CRISIL.
CRISIL’s ESG offerings:
• ESG scores (India): 1,000 companies
• Sustainability assessment of borrowers
• Sustainable finance framework and policies
• ESG benchmarks and framework assessment
• ESG Due Diligence and evaluations
• SDG impact assessment
• Support on TCFD implementation and reporting
• Scenario analysis and stress testing for lending portfolios
• Climate risk assessment
• ESG policies and sustainability reports
• Sustainability roadmap, life cycle assessment
• Sustainability tracker
• ESG research and analytics
Since we operate in the service industry, our products and services are not capital intensive and mostly depend on niche data, practical insights and cutting-edge analysis. As we frequently invest in IT infrastructure to enhance our client interface and satisfy security and privacy requirements, capex predominantly is in the form IT investments.
R&D 0 NA
Capex 0 NA
2a. Does the entity have procedures in place for sustainable sourcing? (Yes/No)
Yes.
2b. If yes, what percentage of inputs were sourced sustainably?
175 suppliers covering 32.40% of our spend were assessed for ESG practices.
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. The ESG criteria serve as a guideline for environmentally friendly, socially acceptable, and ethically righteous supply chain activities. CRISIL looks at suppliers as strategic partners and thus endeavors to engage with partners having similar vision towards ESG. Our Supplier Code of Conduct outlines the minimum standards of conduct that CRISIL expects its suppliers to adhere to in the areas of business ethics and integrity, fraud prevention, non-discrimination, diversity and inclusion, child labour, Health and Safety, environmental stewardship and sustainability. The purchase order (PO) issued to vendors has separate clause under terms and conditions which emphasizes the need to adhere to the Supplier Code of Conduct.
Read our Supplier Code of Conduct [https://www.crisil.com/content/dam/crisil/investors/corporate-governance/supplier-code-of- conduct.pdf ]
Current FY (2023)
Previous FY (2022)
Details of improvements in environmental and social impacts
0
0
ESG Report 2023 95