Vivriti Group takes a pioneering step for Indian unlisted NBFCs by participating in the S&P Global Corporate Sustainability Assessment (CSA).
S&P Global Corporate Sustainability Assessment (CSA) is a global corporate sustainability performance benchmarking tool that evaluates a company’s performance based on the accuracy & relevancy of a company’s management of material ESG risks, impacts & opportunities supplemented by credible disclosures, media & stakeholder analysis, and modelling approaches. A consistent, rule-based methodology is applied to assess 1,000 data points that is converted into an S&P Global ESG Score measured on a scale of 0-100. The CSA cycle of FY22-23 saw a participation from over 9.4k companies across 62 industries worldwide.
Hindustan Zinc Ltd leads as the highest scorer from India at 86, while L&T Finance Holdings Ltd tops the chart in the Diversified Financial Services sector at 51. Vivriti achieved a score of 44, demonstrating a strong commitment to sustainable business while paving the way for other – NBFC’s to follow suit.
Smitha Jain Arora, Head Sustainability & Impact at Vivriti Group said, “At Vivriti, sustainability is at its core. We have taken a bottoms-up approach to integrate both ‘doing good’ through encompassing impact and ‘doing no harm’ through ESG into the very essence of our business ethos. Over the years we have strengthened our sustainability framework demonstrating our intentionality & amplifying our positive impact. Participating in the S&P CSA for the first time has enabled us to benchmark ourselves on a global platform, marking the initial strides in our enduring sustainability journey.”
Vivriti’s participation signifies its dedication to responsible financial practices and sets a new benchmark for ESG performance in the Indian NBFC space.
