Trident announced that ESG Risk Assessments & Insights Limited has reviewed the company's ESG performance and updated the ESG score to 55, reflecting an upward revision of 4 points from the earlier ESG score of 54. According to reports from Business Standard, the rating category remains at 'Adequate', indicating consistent ESG performance. The company has clarified that it did not commission ESG Risk Assessments & Insights Limited for this evaluation, with the assessment based entirely on publicly accessible data. The upgrade demonstrates the company's improved environmental, social, and governance practices as evaluated by the rating agency.
As reported by Business Standard, Crisil has also assigned a Core ESG rating of 'CRISIL Core ESG 58' (based on BRSR Core), reflecting the company's performance against the BRSR Core framework. This additional rating provides a more comprehensive assessment of the company's ESG practices and their alignment with regulatory standards. The Core ESG rating complements the overall ESG score and provides stakeholders with a detailed understanding of the company's ESG performance across different dimensions. These scores are now accessible through CRISIL's official website at CRISIL ESG Ratings and Trident Limited's website under the Investor Relations category.
According to ESG Risk Assessments & Insights Limited, the '55' ESG score was based on publicly available information and reflects the company's performance across environmental, social, and governance factors. The 'Adequate' rating category indicates that Trident has demonstrated consistent ESG practices that meet established standards. The rating upgrade from 54 to 55 suggests the company has made positive improvements in its ESG management and reporting practices. The latest assessment by ESG Risk Assessments & Insights Limited specifically considered several factors including low female representation within the company, the ongoing matter related to Punjab pollution, and emphasis points raised by the statutory auditor. Despite these considerations, the overall assessment suggests that the company maintains a resilient ESG Profile.
