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Basis of our conclusion
As part of the assurance process, a multi-disciplinary team of assurance specialists performed assurance work for selected sites
of Crisil. We carried out the following activities:
BRSR Core Indicators – Reasonable level of Assurance Rest non-financial disclosures in BRSR Report – Limited Level of
Assurance
Reviewed the disclosures under BRSR Core, encompassing the
Reviewed the disclosures under BRSR reporting guidelines. Our
framework for assurance consisting of a set of Key Performance
focus included general disclosures, management processes,
Indicators (KPIs) under 9 ESG attributes. The Industry Standard on
principle wise performance (essential indicators, and leadership
Reporting of BRSR Core used a basis of reasonable level of
indicators) and any other key metrics specified under the reporting
assurance.
framework. The BRSR reporting format used a basis of limited level
of assurance.
Evaluation of the design and implementation of key systems,
Understanding the key systems, processes and controls for
processes and controls for collecting, managing and reporting the
collecting, managing and reporting the non-financial disclosures in
BRSR Core indicators. Assessment of operational control and
BRSR report. Understand and test, on a sample basis to evaluate
reporting boundaries
adherence to the reporting principles.
Seek extensive evidence across all relevant areas, ensuring a
Collect and evaluate documentary evidence and management
detailed examination of BRSR Core indicators. Engaged directly with
representations supporting adherence to the reporting principles.
stakeholders to gather insights and corroborative evidence for each
We adopted a risk-based approach, that is, we concentrated our
disclosed indicator.
assurance efforts on the issues of high material relevance to the
Company’s business and its key stakeholders.
DNV audit team conducted on-site audits for data testing and also,
DNV audit team conducted on-site audits for corporate offices and
to assess the uniformity in reporting processes and also, quality
sites. Sample based assessment of site-specific data disclosures was
checks at different locations of the Company. Sites for data testing
carried out. We were free to choose sites for conducting our
and reporting system checks were selected based on the
assessment.
percentage contribution each site makes to the reported indicator,
complexity of operations at each location (high/low/medium) and
reporting system within the organization. Sites selected for audits
are listed in Annexure II.
In both the cases, DNV teams conducted the:
• Interviews with selected senior managers responsible for management of disclosures and review of selected evidence to
support environmental KPIs and metrics disclosed the Report. We were free to choose interviewees and interviewed those
with overall responsibility of monitoring, data collation and reporting the selected indicators.
• Verification of the consolidated reported performance disclosures in context to the Principle of Completeness as per
VeriSustainTM Protocol, V6.0 for both reasonable level and limited level of assurance for the disclosures.
Inherent Limitations
DNV’s assurance engagement assume that the data and information provided by the Company to us as part of our review have
been provided in good faith, is true, complete, sufficient, and authentic, and is free from material misstatements. The assurance
scope has the following limitations:
• The assurance engagement considers an uncertainty of ±5% based on materiality threshold for estimation/measurement errors and
omissions.
• DNV has not been involved in evaluation or assessment of any financial data/performance of the company. DNV opinion on specific BRSR Core
indicators (ref- for total revenue from operations; Principle 3, Question 1(c) of Essential Indicators for Spending on measures towards well-
being of employees and workers – cost incurred as a % of total revenue of the company; Principle 8, Question 4 of Essential Indicators, Principle
1, Question 8 of Essential Indicators and Principle 1, Question 9 of Essential Indicators) relies on the third party audited financial reports of the
Company. DNV does not take any responsibility of the financial data reported in the audited financial reports of the Company.
• The assessment is limited to data and information within the defined Reporting Period. Any data outside this period is not considered within
the scope of assurance.
• Data outside the operations specified in the assurance boundary is excluded from the assurance, unless explicitly mentioned otherwise in this
statement.
• The assurance does not cover the Company's statements that express opinions, claims, beliefs, aspirations, expectations, aims, or future
intentions. Additionally, assertions related to Intellectual Property Rights and other competitive issues are beyond the scope of this assurance.
• The assessment does not include a review of the Company's strategy or other related linkages expressed in the Report. These aspects are not
within the scope of the assurance engagement.
• The assurance does not extend to mapping the Report with reporting frameworks other than those specifically mentioned. Any assessments
or comparisons with frameworks beyond the specified ones are not considered in this engagement.
• Aspects of the Report that fall outside the mentioned scope and boundary are not subject to assurance. The assessment is limited to the
defined parameters.
• The assurance engagement does not include a review of legal compliances. Compliance with legal requirements is not within the scope of
this assurance, and the Company is responsible for ensuring adherence to relevant laws.
DNV Business Assurance India Private Limited
Statement Number: DNV-2025-ASR-765834
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