ICRA Limited Reports Strong Commitment to Sustainability with 99.84% Carbon Emission Savings

ICRA Limited Reports Strong Commitment to Sustainability with 99.84% Carbon Emission Savings​

ICRA Limited, a leading research and rating agency, has released its Business Responsibility and Sustainability Report for Fiscal Year 2025-26. The report details the company's commitment to responsible and ethical business practices, highlighting significant achievements across environmental stewardship, social impact, and governance integrity within its pan-India and international operations.

The company continues to embed ESG principles into its strategy and governance, driven by a focus on transparency and stakeholder engagement. ICRA Limited, established in 1991, operates as a diversified entity offering Ratings & Ancillary services (55.98% of turnover) and Research & Analytics (44.02%), serving clients across domestic and international markets.

ESG Performance Highlights​

The BRSR reveals strong performance metrics, including achieving 99.84% carbon emission savings. Furthermore, the company reported a zero rate for material regulatory or compliance violations, underscoring its dedication to ethical and responsible operations. In terms of social impact, CSR initiatives and employee volunteering contributed to impacting over 8,000 lives.

The organizational structure features an experienced workforce:

• ICRA Limited has 1212 total employees (comprising 1111 permanent employees and 101 other than permanent employees).
• The workforce breakdown shows Male at 67.74% and Female at 32.26%.
• At the leadership level, ICRA maintained a commitment to inclusive governance, with 37.50% of the Board of Directors being female.

Operational Efficiency and Environmental Stewardship​

ICRA's operations are characterized by continuous improvement in resource efficiency. The company managed water resources responsibly, recording a total volume of water consumption at 96.55 kiloliters for both FY 2025-26 and FY 2024-25. Waste management also remains focused on reduction; the company generated a total waste of 4.17 metric tonnes in FY 2025-26.

In a move demonstrating operational efficiency, ICRA implemented a targeted cloud rightsizing initiative across its Kolkata and Mumbai cloud regions during FY 2025-26. This initiative optimized compute resources through SKU rationalization and migration to energy efficient instance types. The outcome included USD 932 monthly savings and the reduction of 9.656 kg CO₂e per month, which equates to a reduced carbon footprint equivalent to 461 km of avoided vehicle travel.

The company's environmental commitment extends beyond operations into stakeholder relations; it provides resources for educational sponsorship and skill development initiatives in aspirational districts like Nuh in Haryana, including the installation of a 12 kW on-grid solar power plant at a local school campus.

Governance and Human Rights Commitment​

ICRA Limited emphasizes robust governance through policies covering ethics, human rights, and stakeholder engagement. The company maintains an anti-bribery and anti-corruption policy integrated within its Code of Business Conduct. Furthermore, the firm adheres to several key international standards for operational excellence, including ISO 9001 (Quality Management) and ISO/IEC 27001:2013 (Information Security for IAL).

In terms of human rights commitment, ICRA reinforces an inclusive workplace through a Human Rights Policy and its Code of Business Conduct. Training programs on relevant topics were conducted to maintain a high level of awareness among employees. Additionally, the company committed 1.71% of total revenue towards employee well-being measures in FY 2025-26, focusing on comprehensive health benefits and workplace safety through an Environmental Health and Safety (EHS) Policy.

ICRA’s commitment to sustainable practices is backed by internal monitoring, with the Board/Committees conducting annual reviews of alignment with National Guidelines on Responsible Business Conduct across all nine principles. The company ensures its business is conducted responsibly while aiming to support inclusive growth and equitable development in communities.

ICRA Stock Price Movement​

Shares of ICRA Limited today slipped by 0.96% to settle at ₹5270. The equity traded within a range spanning from a low of ₹5255 to a high of ₹5379 during the trading session.