Page 123 - Crisil Annual Report 2023

Sustainability
Annual Report 2023 121
Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
Governance, leadership and oversight
7. Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements (listed entity has flexibility regarding the placement of this disclosure)
Refer to “Message from MD &CEO” on page 6 of this Report
8. Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies).
The Managing Director and Chief Executive Officer of CRISIL Limited is responsible for implementation and oversight of the Business Responsibility policy/ies.
9. Does the entity have a specified Committee of the Board/ Director responsible for decision making on sustainability related issues? (Yes / No). If yes, provide details.
Yes.
CRISIL Limited has an ESG Core Group Committee which is a management-level steering committee, chaired by the MD and CEO of CRISIL. The objective of the ESG Core Group Committee is to identify and define the ESG strategy and goals and review the performance and disclosure of the company across ESG themes. In addition, CRISIL Board annually reviews the ESG goals and implementation action plans. The ESG goals are then cascaded to CRISIL’s business leaders and the progress is tracked and reviewed by the ESG Core Group.
There were six ESG Core Group meetings held during 2023. The Core Group actively reviewed and enhanced CRISIL’s current ESG practices to meet best-in-class international standards during the course of the year.
10. Details of Review of NGRBCs by the Company:
Details of Review of NGRBCs by the Company
Subject for review
Indicate whether review was undertaken by Director / Committee of the Board/ Any other Committee
Frequency (Annually/ Half yearly/ Quarterly/ Any other – please specify)
Performance against above policies and follow up action
Board Quarterly Status of compliance with all applicable statutory requirements is reviewed on a quarterly basis by the CRISIL Board.
Compliance with statutory requirements of relevance to the principles, & rectification of any non-compliances
P1
P2 P3 P4
P5
P6
P7 P8
P9 P1
P2
P3P4P5P6 P7 P8 P9
Board Committee
Board
Board/ Board/ Board Board Committee Committee
Board Committee
Board/ Board Committee
Board Board Committee
Planned frequency
Quarterly
Half- Need yearly basis
Half- Quarterly yearly
11. Has the entity carried out independent assessment/ evaluation of the working of its policies by an external agency? (Yes/No). If yes, provide name of the agency.
Yes.
DNV has provided a “Limited Assurance” for CRISIL’s ESG report based on GRI and SASB standard and BRSR (as per SEBI Circular dated July 12, 2023).
12. If answer to question (1) above is “No” i.e. not all Principles are covered by a policy, reasons to be stated
Not Applicable