Proceedings of Sustainability, Entrepreneurship, Equity and Digital Strategies (SEEDS 2024)

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ESG Performance in India: Insights from CRISIL ESG Disclosures

Authors
Priyanka Devi1, *, Sapna1
1Guru Nanak Dev University, regional campus gurdaspur, Hardochhani Road, Desh Bhagat Nagar, Gurdaspur, Nabipur, Punjab, 143521, India
*Corresponding author. Email: Priyankakusfs.rsh@gndu.ac.in
Corresponding Author
Priyanka Devi
Available Online 5 May 2025.
DOI
10.2991/978-94-6463-714-4_15How to use a DOI?
Keywords
CRISIL ESG scores; ESG performance; Social responsibility
Abstract

This paper investigates the evolving trends and implications of CRISIL’s ESG (Environmental, Social, and Governance) score disclosures in India. CRISIL expanded its operations into the ESG rating sector with the launch of its ESG scoring business. This new initiative evaluates the ESG performance of over 1,000 companies across 65 different sectors, offering valuable insights into their sustainability and governance practices. In 2024, CRISIL ESG Ratings and Analytics Limited achieved SEBI’s Category 1 certification, a milestone that enhances the credibility and transparency of its ESG ratings. The paper explores the trends in ESG scores from 2021 to 2023, noting an initial rise in scores followed by a decline. This fluctuation highlights companies’ challenges in maintaining high ESG performance amidst evolving standards and pressures. The study concludes that integrating ESG principles into core business strategies and maintaining strong governance frameworks are essential for achieving long-term sustainability. The consistent governance scores suggest that robust governance practices are integral to overall ESG performance. The significant variability in ESG scores, particularly in 2023, underscores the need for targeted support and guidance to help companies consistently meet high ESG standards.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of Sustainability, Entrepreneurship, Equity and Digital Strategies (SEEDS 2024)
Series
Atlantis Highlights in Economics, Business and Management
Publication Date
5 May 2025
ISBN
978-94-6463-714-4
ISSN
2667-1271
DOI
10.2991/978-94-6463-714-4_15How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Priyanka Devi
AU  - Sapna
PY  - 2025
DA  - 2025/05/05
TI  - ESG Performance in India: Insights from CRISIL ESG Disclosures
BT  - Proceedings of Sustainability, Entrepreneurship, Equity and Digital Strategies (SEEDS 2024)
PB  - Atlantis Press
SP  - 248
EP  - 263
SN  - 2667-1271
UR  - https://doi.org/10.2991/978-94-6463-714-4_15
DO  - 10.2991/978-94-6463-714-4_15
ID  - Devi2025
ER  -