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to the Management of Crisil Limited
Crisil Limited (Corporate Identity Number L67120MH1987PLC042363, hereafter mention as ‘Crisil’ or ‘the Company’)
commissioned DNV Business Assurance India Private Limited (“DNV”,” us” or “we”) to conduct an independent assurance of its
sustainability/non-financial disclosures in its Sustainability Report 2024 (hereafter referred as ‘Report’).
Scope of Work and Boundary
Our competence, and Independence
While the scope of work as agreed is a Type 2 moderate level of assurance of
GRI disclosure in the Report, a reasonable level of assurance was carried out
(as per VeriSustainTM protocol, V6.0) for the GRI 302: Energy 2016 – 302-1,
302-3; GRI 303: Water and Effluents 2018 – 303-3, 303-4, 303-5; GRI 305:
Emissions 2016 – 305-1, 305-2; and GRI 306: Waste 2020 – 306-3; 306-4; 306-
5 disclosures as a part of the BRSR Core assessment as mentioned in
Annexure I for the reporting period 01/01/2024 to 31/12/2024. The reported
topic boundaries of non-financial performance are based on the internal and
external materiality assessment covering Company’s operations as brought
out in the section ‘About the Report’ of the Sustainability report.
Based on the agreed scope with the Company, the boundary of assurance
covers the operations of Crisil across all global locations that fall under the
direct operational control of the Company’s Legal structure as stated in the
section ‘About the Report’ of Crisil’s Sustainability report.
Reporting Criteria and Standards
The disclosures have been prepared by Crisil:
•
“in reference” to requirements of Global Reporting Initiative (GRI)
standards 2021
• In reference to SASB standards
• Greenhouse Gas Protocol: A Corporate Accounting and Reporting
Standard.
Assurance Methodology/ Standard
DNV carried out assurance engagement in accordance with DNV’s VeriSustainTM protocol (V6.0), which is based on our professional
experience and international assurance practice, and AccountAbility’s AA1000 Assurance Standard (AA1000AS v3). DNV’s VeriSustainTM
Protocol (V6.0) has been developed in accordance with the most widely accepted reporting and assurance standards. Apart from DNV’s
VeriSustainTM protocol (V6.0), DNV team has also followed ISO 14064-3 - Specification with guidance for the verification and validation of
greenhouse gas statements; ISO 14046 - Environmental management - Water footprint - Principles, requirements, and guidelines, to
evaluate disclosures wrt. Greenhouse gases and water disclosures respectively.
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:
• Reviewed the disclosures in the report. Our focus included general disclosures, GRI topic specific disclosures and any other key
metrics specified under the reporting framework.
• Understanding the key systems, processes and controls for collecting, managing and reporting the non-financial disclosures in
report.
• Walk-through of key data sets. Understand and test, on a sample basis, the processes used to adhere to and evaluate adherence
to the reporting requirements.
• Collect and evaluate documentary evidence and management representations supporting adherence to the reporting
requirements.
• Interviews with the senior managers responsible for management of disclosures. We were free to choose interviewees and
interviewed those with overall responsibility of monitoring, data collation and reporting the selected GRI disclosures.
• DNV audit team conducted on-site audits for corporate offices and sites. Sample based assessment of site-specific data
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-765834-1
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