Infosys leads CRISIL's ESG scores for second year in a row; stock adds ~1%

6 Jul 2022 , 02:28 PM

Infosys Limited announced that for yet another year, it has topped CRISIL’s ESG scores in their latest report, ‘CRISIL Sustainability Yearbook, 2022.’ The yearbook assigned an overall score of 76 on 100 to Infosys in the Leadership category (the score was assigned on a scale of 1-100, with 100 denoting best-in-class ESG performance).

Infosys received an environmental score of 81, as well as social and governance scores of 62 and 80, respectively.

The study evaluated 586 companies in India across 53 sectors based on publicly available ESG information for three years (up to and including fiscal 2021), taking into account both quantitative and qualitative disclosures of companies.

The companies were evaluated on parameters namely Environmental, Social, and Governance.

Under environmental parameters, it considered GHG (Greenhouse Gas) emissions, energy use, waste and pollution, water use, land use, etc. While Social parameters include Workforce and diversity, occupation/product safety, customer and vendor engagement, ease of access and reach, and communities and society.

Governance parameters took into consideration Board performance and independence, ownership concentration, management track record, shareholder relations, and disclosure practices/statements.

This assessment was made voluntarily by CRISIL, and the two are not related in any manner.

At around 2.32 PM, Infosys was trading at Rs1,484.10 up by Rs7.75 or 0.52% from its previous closing of Rs1,476.35 on the BSE. The scrip touched intraday high and low of Rs1,500 and Rs1,470.10 respectively.