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Sustainability Report 2024
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disclosures was carried out. We were free to choose sites for conducting our assessment.
• Reviewed the process of reporting as defined in the assessment criteria.
• 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 limited level of assurance for the disclosure.
Our Conclusion
On the basis of work undertaken, nothing has come to our attention to suggest that the Report does not properly adhere to the
principles described below; and the sustainability disclosures (including GRI 2: General Disclosures, GRI 3: Management Approach &
other GRI disclosures as mentioned in Annexure I) have not been reported "in reference" with the GRI Standard 2021.
AA1000 Accountability Principles Standard (AA1000APS, 2018)
1. Inclusivity
The participation of stakeholders in developing and achieving an accountable and strategic response to Sustainability.
The Report brings out the stakeholders who have been identified as significant to Crisil, as well as the modes of engagement established
by the Company to interact with these stakeholder groups. The key topics of concern and needs of each stakeholder group which have
been identified through these channels of engagement are further brought out in the Report.
Nothing has come to our attention to suggest that the Report does not meet the requirements related to the Principle of Stakeholder
Inclusiveness.
2. Materiality
The process of determining the issues that are most relevant to an organization and its stakeholders.
The Report explains out the materiality assessment process carried out by the Company which has considered concerns of internal and
external stakeholders, and inputs from peers and the industry, as well as issues of relevance in terms of impact for Crisil’s business. The list
of topics has been prioritized, reviewed and validated, and the Company has indicated that there is no significant change in material
topics from the previous reporting period.
Nothing has come to our attention to suggest that the Report does not meet the requirements related to the Principle of Materiality.
3. Responsiveness
The extent to which an organization responds to stakeholder issues.
The Report adequately brings out the Company’s policies, strategies, management systems and governance mechanisms in place to
respond to topics identified as material and significant concerns of key stakeholder groups. Nothing has come to our attention to suggest
that the Report does not meet the requirements related to the Principle of Responsiveness.
Nothing has come to our attention to believe that the Report does not meet the requirements related to the Principle of Responsiveness.
4. Impact
The level to which an organisation monitors, measures and is accountable for how its actions affect its broader ecosystems.
The Report brings out the key performance metrics, surveys and management processes used by Crisil to monitor, measure and evaluate
its significant direct and indirect impacts linked to identified material topics across the Company, its significant value chain entities and key
stakeholder groups.
Nothing has come to our attention to suggest that the Report does not meet the requirements related to the Principle of Impact.
5. Reliability/Accuracy
The accuracy and comparability of information presented in the report, as well as the quality of underlying data management systems.
The Report brings out the systems and processes that the Company has set in place to capture and report its performance related to
identified material topics across its reporting boundary. The majority of information mapped with data verified through our remote
assessments with Crisil’s management teams and process owners at the Corporate Office and sampled sites within the boundary of the
Report were found to be fairly accurate and reliable. Some of the data inaccuracies identified in the report during the verification process
were found to be attributable to transcription, interpretation, and aggregation errors. These data inaccuracies have been communicated
for correction and the related disclosures were reviewed post correction.
Nothing has come to our attention to believe that the Report does not meet the principle of Reliability and Accuracy.
DNV Business Assurance India Private Limited
Statement Number: DNV-2025-ASR-765834-1
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