CRISIL voluntarily rates the company 'Adequate' with an ESG rating of 60
CRISIL ESG Ratings & Analytics Limited has voluntarily rated the company on Environment, Social & Governance (ESG) standards.
- ESG Rating
- 60
- ESG Rating Category
- Adequate
- Rating Agency
- CRISIL ESG Ratings & Analytics Limited
What the company informed the exchanges
- CRISIL ESG Ratings & Analytics Limited has voluntarily rated the company on Environment, Social and Governance (ESG) standards.
- The company has been rated under the "Adequate" category, with an ESG rating of 60.
- The company has stated that it did not engage CRISIL for this ESG rating. CRISIL independently assessed the company based on public disclosures on ESG parameters and other information available in the public domain.
- The letter is addressed to the National Stock Exchange of India Limited and BSE Limited, and asks them to take the information on record.
What an ESG rating is
An ESG rating is an outside assessment of how a company handles three broad areas: its environmental impact, its social responsibilities such as employees and communities, and its governance practices such as board structure and disclosures.
Ratings of this kind are used by some investors, lenders and business partners as one input when they look at a company. The words "Adequate" and the number 60 are CRISIL's own category and score for this company.
Points that matter for a retail reader
- The rating was not commissioned by the company. The company's letter says it did not engage CRISIL, and that CRISIL carried out the assessment on its own from publicly available information.
- No money changes hands here. The announcement does not involve any payment, order, contract, share issue, buyback or stake sale.
- The announcement does not change the company's shareholding, its financials or its business operations. It is an information update to the exchanges.
- The update gives one figure: an ESG rating of 60, along with the category "Adequate". It does not set out the parameters, weightings or comparisons behind that score.
How a reader might view it
The news can be perceived as a third-party recognition of the company's ESG disclosures, since a rating agency has assessed the company on its own initiative. At the same time, the update itself notes the assessment was based on public disclosures and publicly available information, and the company did not commission the rating. The category and score are as stated by CRISIL.
More numbers
- ESG rating assigned by CRISIL60
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