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Sustainability Report 2024
15. Provide details of any corrective action taken or underway to address safety-related incidents (if any) and on
significant risks/concerns arising from assessments of health& safety practices and working conditions.
There are no risks arising from assessments of health & safety practices or working conditions. In relation to one minor
safety incident reported at item 11 above, the necessary safety instructions kit was updated.
Essential Indicators
1. 2. 3. 4. 5. 6. Does the entity extend any life insurance or any compensatory package in the event of death of:
(A) Employees (Y/N)
Yes. Crisil extends life insurance/ compensatory packages in the event of the death of an employee. For details of
the employees covered under life insurance, please refer to Table 14 on Page 61 of the Sustainability Databook
(B) Workers (Y/N)
Not applicable as Crisil does not have any workers.
Provide the measures undertaken by the entity to ensure that statutory dues have been deducted and deposited by
the value chain partners.
We contractually bind our major suppliers of IT support, staffing solutions partners, facility management and security
services that employ people from the more vulnerable sections with lower literacy levels, to comply with labour standards
such as minimum wages, gratuity, bonus, leave, employees’ state insurance and other employment laws.
Provide the number of employees/workers having suffered high consequence work-related injury/ill-health/fatalities
(as reported in Q11 of Essential Indicators above), who have been rehabilitated and placed in suitable employment
or whose family members have been placed in suitable employment
None of the employees from Crisil suffered high consequence work-related injury/ill-health/fatalities during 2024.
Hence, not applicable.
Does the entity provide transition assistance programmes to facilitate continued employability and the management
of career endings resulting from retirement or termination of employment? (Yes/ No)
Yes
We provide retirement planning assistance for employees who are in the retirement stage which includes coverage of
financial planning, investment opportunities evaluation and corpus protection.
Details on assessment of value chain partners
Please refer to Table no. 19 on page 63 of the Sustainability Databook
Provide details of any corrective actions taken or underway to address significant risks/concerns arising from
assessments of health and safety practices and working conditions of value chain partners.
During the year, 115 suppliers covering 15.38% of our spend participated in a self-assessment exercise to ascertain
conformity to laws, norms and best practices in the areas of protection of human rights, provision of safe workplace and
environment responsibility. Crisil diligently ensures that its suppliers are in compliance with essential social regulations,
focussing on significant areas such as adherence to the Office of Foreign Assets Control (OFAC) regulations, enforcement
of minimum wage standards, prevention of child labour and implementation of anti-bribery measures, all of which are
assessed through the self-assessments.
The assessments are performed on a regular basis, and if any unfavourable responses regarding the aforementioned
minimum social regulations are received from our suppliers, these responses are accurately reviewed by our dedicated
business and corporate teams, leading to the initiation of necessary corrective actions that ensure no significant gaps
remain unaddressed. Minimum adherence to the social norms outlined above is now an essential component of the
criteria utilised for the onboarding of new vendors starting from 2023. We believe that by introducing these rigorous
standards, we not only promote ethical practices within our supply chain but also enhance the overall integrity and
sustainability of our operations.
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