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Sustainability Report 2024
Our Sustainability Products and Services
Crisil is dedicated to meeting the sustainability demand
of its clientele. Our in-depth sustainability analysis,
insights, evaluations and solutions enable clients and other
stakeholders to make well-informed decisions, helping drive
sustainable progress on a global scale.
Global investors are placing greater emphasis on the
sustainability credentials of their investments, while
regulators are strengthening fund labelling and disclosure
standards to mitigate greenwashing. The demand for
sustainability integration is expanding across asset classes,
including fixed income and alternatives, particularly driven
by institutional investors. With sustainability reporting
regulations worldwide becoming more standardised and
complex, companies are increasingly required to assess
and disclose a wide range of sustainability metrics.
Regulators and stock exchanges increasingly expect firms
to provide enhanced climate-related disclosure aligned to
International Sustainability Standards. As these practices
mature, stakeholders are calling for broader and credible
non-financial information from both public and private
corporations.
Crisil’s Integral IQ business predominantly works with
corporates, investment banks and asset managers. The
customised sustainability research service helps clients
integrate sustainability into areas such as portfolio
construction for asset managers, sustainability-oriented
underwriting for banks, etc. The business also supports
global financial institutions in awareness and capacity-
building through climate risk-related workshops, and
development of implementation roadmaps for integration of
climate risk practices. There are consulting services that help
both BFSI and corporate clients accelerate sustainability
integration and regulatory reporting requirements. In 2024,
Integral IQ started providing bespoke sustainability-related
reporting solutions. The services helped clients streamline
reporting processes by addressing gaps and keeping up
with evolving reporting requirements from regulators and
investors. Integral IQ also introduced biodiversity-related
assessment and solutions in response to the growing global
focus on sustainable business practices and creating long-
term value. These assessments help organisations assess
and disclose their biodiversity impacts and dependencies
as per the TNFD (Taskforce on Nature-related Financial
Disclosures) and PBAF (Partnership for Biodiversity
Accounting Financials) frameworks, ensuring alignment with
international standards.
In India, Crisil ESG Ratings & Analytics, a wholly-owned
subsidiary of Crisil, received Securities and Exchange
Board of India (SEBI) registration to operate as a Category
1 ESG rating provider. Crisil Limited had launched its ESG
scoring business in June 2021 using a robust India-specific
framework on the environmental, social and governance
aspects of companies. Starting with 225 entities in 2021,
the coverage was expanded to the top 1,000 listed entities
across 63 sectors; it published ratings for all these entities
in 2023 and 2024.
ESG ratings are widely used by institutional and retail
investors, asset managers, corporations (including issuers),
regulators, lenders and other stakeholders. These ratings
serve as a valuable tool for investment and lending decisions,
ESG risk monitoring, benchmarking best practices among
peers and identifying growth opportunities. The ratings
have also enabled the corporates to measure and monitor
inherent ESG risk across their financial exposures, both
equity and debt.
The Crisil Intelligence business offers a comprehensive suite
of sustainability solutions tailored to a diverse range of clients
across sectors and industries. Its services are designed
to facilitate clients into improving their sustainability
performance and ratings, strengthens stakeholder
engagement and mitigates risks related to climate and other
sustainability factors. Crisil Intelligence has also expanded
its sustainability services to materiality assessments as well
as providing financial institutions assistance in integrating
climate risk. These innovative solutions enable organisations
to better navigate the complexities of sustainability, manage
risks and capitalise on opportunities.
Crisil Coalition Greenwich caters to a diverse set of customers
in the banking, financial services and insurance sector. Crisil
Coalition Greenwich’s competitor analytics enables financial
institutions to gain insights into the dynamics and trends of
industry revenue pools, as well as the performance trajectories
of key competitors within the sustainability landscape. The
voice of customer sustainability tracker offers corporate
banks valuable insights into how businesses are prioritising
the shift towards more sustainable models, emphasising
more towards transitioning to a new-zero pathway.
The Global Analytical Centre (GAC) supports S&P Global
Ratings in providing Second party opinions and Climate
Transition Assessments.
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