CRISIL assigns ESG Rating of 60; company says it did not engage the rater
HeidelbergCement India has been assigned an ESG Rating of "60" by CRISIL ESG Ratings & Analytics Limited, a SEBI-registered ESG Rating Provider.
- ESG Rating Assigned
- 60
- Rating Agency
- CRISIL ESG Ratings & Analytics Limited
- Rating Basis
- assigned voluntarily, based on data available in the public domain
What the company informed the exchanges
HeidelbergCement India Limited has informed BSE and NSE that CRISIL ESG Ratings & Analytics Limited, a SEBI-registered ESG Rating Provider, has assigned an ESG Rating of "60" to the company.
Why the company flagged it
- The company states it has not engaged CRISIL ESG Ratings & Analytics Limited for an ESG rating.
- The rating was assigned voluntarily by CRISIL, based on data available in the public domain.
- The company has requested the exchanges to take the same on record.
What an ESG rating is
- ESG stands for Environmental, Social and Governance. A rating assesses a company's practices on these non-financial factors.
- It is separate from a credit rating, which looks at a borrower's ability to service debt.
- Some investors use ESG ratings as one input alongside financial analysis; the score comes from the rating provider's own scale, here CRISIL ESG Ratings & Analytics Limited.
Points a reader may want to note
- The update makes clear the rating was not commissioned by the company; it was assigned by CRISIL on its own, from publicly available data.
- The update states the rating figure as "60".
- The company's own words for the action are that CRISIL "has assigned" the rating and that it "has voluntarily assigned" it.
- The disclosure is an information update to the exchanges and concerns non-financial assessment, not the company's operations, orders, earnings or capital structure.
In one line
CRISIL ESG Ratings & Analytics Limited has given HeidelbergCement India an ESG Rating of "60", assigned voluntarily from public data rather than at the company's request, and the company has placed this on record with the exchanges.
More numbers
- ESG Rating assigned by CRISIL60
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