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Sustainability Report 2024
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to the Management of Crisil Limited
Crisil Limited (Corporate Identity Number L67120MH1987PLC042363, hereafter referred to as ‘Crisil’ or ‘the Company’)
commissioned DNV Business Assurance India Private Limited (‘DNV’
,
‘us’ or ‘we’) to undertake an independent assurance of the
Company’s disclosures in Business Responsibility and Sustainability Report (hereafter referred as ‘BRSR’). The disclosures
include BRSR Core indicators as per Annexure I and the rest non-financial disclosures in BRSR as per Annexure II of SEBI circular
dated 12 July 2023.
Our Conclusion:
Reasonable level of Assurance- BRSR Core
Based on our review and procedures followed for reasonable level of assurance, DNV is of the opinion that, in
all material aspects, the BRSR Core indicators (as listed in Annexure I of this statement) for 2024 are reported in
accordance with reporting requirements outlined in Industry Standard on Reporting of BRSR Core.
Limited Level of Assurance- BRSR Report
Our competence, and Independence
On the basis of the assessment undertaken, nothing has come to our attention to suggest that the disclosures
(as listed in Annexure I of this statement), do not properly adhere to the reporting requirements as per BRSR.
reporting guidelines in Annexure II of SEBI Circular.
Scope of Work and Boundary
The scope of our engagement includes independent assurance of ‘BRSR Core’
(Ref: Annexure I of SEBI Circular) – Reasonable level of assurance and rest non-
financial disclosures in BRSR (Ref: Annexure II of SEBI circular) – Limited Level of
Assurance, for reporting period 01/01/2024 to 31/12/2024.
Boundary for reporting and reasonable level of assurance for BRSR core & limited
level of assurance for non-core indicators covers the performance of Crisil’s
operations across the globe that fall under the direct operational control of the
Company’s Legal structure as brought out in the ‘Section A: General Disclosures-
13’ of BRSR.
Reporting Criteria and Standards
The disclosures have been prepared by Crisil in reference to:
• Industry Standard on Reporting of BRSR Core Circular No.: SEBI/HO/CFD/CFD-
PoD-1/P/CIR/2024/177 dated Dec 20, 2024.
• BRSR reporting guidelines (Annexure II) as per SEBI Circular No.
SEBI/HO/CFD/CMD-2/P/CIR/2021/562 dated May 10, 2021, and incorporated as
per Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.
• Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard.
Assurance Methodology/Standard and Level of Assurance
This assurance engagement has been carried out in accordance with DNV’s
VeriSustainTM protocol, V6.0, which is based on our professional experience and
international assurance practice, and on the principles of ISAE 3000 (revised) -
Assurance Engagements other than Audits or Reviews of Historical Financial
Information.
DNV conducted Reasonable Level of assurance for 9 BRSR Core attributes (Ref:
Annexure I of SEBI circular); and Limited Level of assurance for rest Non-Financial
indicators BRSR report (Ref: Annexure II of SEBI circular).
DNV Headquarters, Veritasveien 1, P.O.Box 300, 1322 Høvik, Norway. Tel: +47 67 57 99 00. www.dnv.com
DNV Business Assurance India Private Limited
Statement Number: DNV-2025-ASR-765834
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