{"id":15450,"date":"2022-01-14T09:50:49","date_gmt":"2022-01-14T04:20:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/crisil-limited\/"},"modified":"2022-01-14T10:10:19","modified_gmt":"2022-01-14T04:40:19","slug":"crisil-limited","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/crisil-limited\/","title":{"rendered":"CRISIL Ratings to call out ESG impact on credit profiles"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2330848001\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>MUMBAI, India, Jan. 14, 2022 \/PRNewswire\/ &#8212; CRISIL Ratings will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings, taking cognisance of their increasing importance in investment decisions and when accessing capital world over.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1451373813\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The past couple of years have seen ESG-led investments gain traction. ESG assets stood at $37.8 trillion as of March 2021, and accounted for around a third of global assets under management (AUM). India has also caught on to the trend, with the AUM of ESG-focused funds totting up to more than Rs 12,000 crore as of December 2021.<\/p>\n<p> Says Gurpreet Chhatwal, Managing Director, CRISIL Ratings, &#8220;ESG-readiness is becoming an important distinguishing feature for corporates to access funds from the capital market. Given this, and the improving disclosures on ESG parameters, we will assess \u2014 and make known \u2014 their impact separately when assigning credit ratings.&#8221;  The assessment will be based on a proprietary framework that weighs sectoral impact on environment and social factors, and the relative performance of a company on ESG aspects1.<\/p>\n<p> To be sure, ESG factors impacting fundamental business sustainability have always been a part of the credit assessments done by CRISIL Ratings \u2014 under different parameters.  For instance, estimation of governance-related risks is the cornerstone of our credit-rating methodology. Further, investments towards reduction in emission intensity, deployment of efficient methods of effluent treatment, strong supply chain and labour management that translate into long-term sustainable and efficient operations are also considered. CRISIL Ratings will continue to factor these in rating assessments as applicable.<\/p><div class=\"trade-content_5\" id=\"trade-3852803154\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Additionally, with investors beginning to screen opportunities through the ESG lens, sustainability parameters can have a bearing on the cost and availability of funds for corporates. Such corporates generally access the capital markets \u2014 both equity and debt \u2014 and\/or rely on foreign investors to meet their funding needs.<\/p>\n<p> CRISIL Ratings will, therefore, assess and disclose the impact of the ESG aspects on the credit risk profiles of companies, which will underscore their ability to raise funds and, in turn, financial flexibility. This, however, is predicated on the availability of ESG information.<\/p>\n<p> Improving disclosures of non-financial data is crucial to broader espousal of ESG and early steps towards this have already been taken by the Securities and Exchange Board of India (SEBI), which has introduced Business Responsibility and Sustainability Reporting (BRSR). As a part of BRSR, the top 1,000 listed companies will now have to mandatorily disclose non-financial information from next fiscal and voluntarily this fiscal.<\/p>\n<p> Says Rama Patel, Director, CRISIL Ratings, &#8220;We will call out the impact of ESG on credit ratings for listed corporates that publish their ESG data, and lean on the capital markets and foreign investors for funding requirements. Over the medium-term, as ESG disclosures improve and get integrated more and more into investment and lending decisions, CRISIL Ratings will expand its scope to assess and disclose ESG impact on more companies.&#8221;  For further information contact:  Media relations  Analytical contacts  Customer service helpdesk  Pankaj Rawat  Media Relations  CRISIL Limited  M: +91 99 872 61199  B: +91 22 3342 3000  pankaj.rawat@crisil.com     Naireen Ahmed     Media Relations  CRISIL Limited     D: +91 22 3342 1818   M: +91 90 040 84769    B: +91 22 3342 3000  naireen.ahmed@crisil.com        Somasekhar Vemuri     Senior Director and Head  CRISIL Ratings Limited     D: +91 22 3342 3106   somasekhar.vemuri@crisil.com           Rama Patel     Director  CRISIL Ratings Limited     D: +91 22 4254 1919   rama.patel@crisil.com    Timings: 10.00 am to 7.00 pm  Toll free Number:1800 267 1301     For a copy of Rationales \/ Rating Reports:CRISILratingdesk@crisil.com      For Analytical queries:ratingsinvestordesk@crisil.com        About CRISIL Ratings Limited (A subsidiary of CRISIL Limited)   CRISIL Ratings pioneered the concept of credit rating in India in 1987. With a tradition of independence, analytical rigour and innovation, we set the standards in the credit rating business. We rate the entire range of debt instruments, such as bank loans, certificates of deposit, commercial paper, non-convertible\/convertible\/ partially convertible bonds and debentures, perpetual bonds, bank hybrid capital instruments, asset-backed and mortgage-backed securities, partial guarantees and other structured debt instruments. We have rated over 33,000 large and mid-scale corporates and financial institutions. We have also instituted several innovations in India in the rating business, including ratings for municipal bonds, partially guaranteed instruments and infrastructure investment trusts (InvITs).<\/p>\n<p> CRISIL Ratings Limited (&#8216;CRISIL Ratings&#8217;) is a wholly owned subsidiary of CRISIL Limited (&#8216;CRISIL&#8217;). CRISIL Ratings is registered in India as a credit rating agency with the Securities and Exchange Board of India (&#8216;SEBI&#8217;).<\/p>\n<p> For more information, visit www.crisilratings.com    About CRISIL Limited  CRISIL is a global analytical company providing ratings, research, and risk and policy advisory services. We are India&#8217;s leading ratings agency. We are also the foremost provider of high-end research to the world&#8217;s largest banks and leading corporations.<\/p><div class=\"trade-content-10\" id=\"trade-151571905\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> CRISIL is majority owned by S&#038;P Global, Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide.<\/p>\n<p> For more information, visit www.crisil.com   Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK   CRISIL PRIVACY  CRISIL respects your privacy. We may use your contact information, such as your name, address and email id to fulfil your request and service your account and to provide you with additional information from CRISIL. For further information on CRISIL&#8217;s privacy policy, please visit www.crisil.com.<\/p>\n<p> DISCLAIMER  This Press release is transmitted to you for the sole purpose of dissemination through your newspaper\/magazine\/agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL Ratings Limited (&#8216;CRISIL Ratings&#8217;). However, CRISIL Ratings alone has the sole right of distribution (whether directly or indirectly) of its press releases for consideration or otherwise through any media including websites and portals.<\/p>\n<p> CRISIL Ratings has taken due care and caution in preparing this Press Release. Information has been obtained by CRISIL Ratings from sources that it considers reliable. However, CRISIL Ratings does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. CRISIL Ratings especially states that it has no financial liability whatsoever to the subscribers\/users\/transmitters\/distributors of this Press Release. CRISIL Ratings or its associates may have other commercial transactions with the entity to which the press release pertains.<\/p>\n<p> CRISIL Ratings is a wholly owned subsidiary of CRISIL Limited.<\/p>\n<p> 1  Refer to the below relevant criteria documents for further details:  &#8211;  Rating criteria for manufacturing and service sector companies  &#8211;  Rating criteria for finance companies  &#8211;  Rating criteria for banks and financial institutions    PWR PWR<\/p>\n<div class=\"trade-after-content\" id=\"trade-3903661682\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>MUMBAI, India, Jan. 14, 2022 \/PRNewswire\/ &#8212; CRISIL Ratings will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings, taking cognisance of their increasing importance in investment decisions and when accessing capital world over. The past couple of years have seen ESG-led investments gain traction. ESG assets stood [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-15450","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CRISIL Ratings to call out ESG impact on credit profiles - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/crisil-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRISIL Ratings to call out ESG impact on credit profiles\" \/>\n<meta property=\"og:description\" content=\"MUMBAI, India, Jan. 14, 2022 \/PRNewswire\/ &#8212; CRISIL Ratings will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings, taking cognisance of their increasing importance in investment decisions and when accessing capital world over. 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