U. Hegde and Associates Assure Central Bank of India's Business Responsibility Report for FY 2025-26
Central Bank of India (CBI) has received a reasonable assurance opinion on its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The engagement was conducted by U. Hegde & Associates, as detailed in their report dated June 23, 2026.The assurance process covered the Identified Sustainability Information presented in the BRSR, which forms part of the Annual Report for the specified financial year.
Scope and Assurance Opinion
U. Hegde & Associates undertook a reasonable assurance engagement for CBI concerning the Core Indicators of sustainability. The report confirms that the Specified Sustainability Information was prepared, in all material respects, in accordance with stated criteria.The scope review encompassed the BRSR core indicators, which were prepared by the Bank's management based on established guidelines. Procedures conducted during the assignment included evaluating the design and implementation of relevant controls, interviewing personnel responsible for BRSR reporting, conducting analytical procedures, and reviewing documents to validate selected data points.
While the assurance is limited to the defined reporting period and geographical boundary, the review confirmed that no material inconsistencies were found in the additional sections reviewed. The engagement noted inherent limitations due to the lack of a single global standard for measuring non-financial data, impacting cross-entity comparability.
BRSR Core Indicators and Principles
The Identified Sustainability Information covered six key areas, linking specific performance indicators (E) to broad sustainability principles (P). These principles guided CBI's reporting on various aspects of its business operations:| Sr.No | Principle | Description | Corresponding Indicators |
|---|---|---|---|
| 1 | Integrity and Ethical Conduct | Businesses should conduct and govern themselves with integrity, in a manner that is Ethical, Transparent and Accountable. | E-8: Days of accounts payables calculation; E-9: Details on concentration of purchases and sales with trading houses and related parties. |
| 2 | Employee Well-being | Businesses should respect and promote the well-being of all employees, including those in their value chains. | E-1c: Spending on measures towards employee well-being; E-11: Details of safety related incidents. |
| 3 | Human Rights | Businesses should respect and promote human rights. | E-3b: Gross wages paid to females as a percentage of total wages paid; E-7: Complaints filed under the Sexual Harassment of Women at Workplace Act, 2013. |
| 4 | Environmental Protection | Businesses should respect and make effort to protect and restore the environment. | E-1: Total energy consumption and energy intensity details; E-3: Disclosures related to water withdrawal and consumption; E-4: Details related to water discharged; E-7: Greenhouse gas emissions (Scope 1 and Scope 2) and its intensity; E-9: Total weight of waste generated. |
| 5 | Inclusive Growth | Businesses should promote inclusive growth and equitable development. | E-4: Percentage of input material sourced from suppliers; E-5: Job creation wages paid as a percentage of total wage cost. |
| 6 | Responsible Consumption | Businesses should engage with and provide value to their consumers in a responsible manner. | E-7: Information relating to data breaches. |
The assurance report affirms that the Identified Sustainability Information was based on completeness, sufficiency, and authenticity of the data provided by the Bank.
CENTRALBK Stock Price Movement
Today, Central Bank of India shares edged higher, closing at ₹31.65 after gaining 1.54%.The equity saw a daily trading volume of 4.04 million shares in the market session.
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