Motilal Oswal Financial Services has received a ‘Good’ Environmental, Social and Governance (ESG) Impact Rating of 76 from ICRA ESG Ratings Limited. The rating reflects the company’s low environmental footprint and strong social responsibility initiatives, particularly in employee welfare and community engagement. ICRA also highlighted Motilal Oswal’s progressing governance frameworks and transparent disclosures.
ICRA ESG Rating
Motilal Oswal Financial Services has been assigned an ESG Impact Rating of 76, categorized as ‘Good’, by ICRA ESG Ratings Limited. The assessment highlights the company’s commitment to Environmental, Social, and Governance practices. The rating agency has assigned the rating based on thorough evaluation, disclosures, and management practices.
Pillar Scores
The ICRA ESG ratings assigned scores based on three key pillars:
- Environmental Pillar: A score of 72 (“Good”), reflecting the company’s low operational footprint and early-stage environmental initiatives.
- Social Pillar: A score of 83 (“Outstanding”), recognizing the company’s focus on employee welfare, training, customer protection, and community initiatives.
- Governance Pillar: A score of 75 (“Good”), supported by long track record, transparent disclosures, structured risk management approach, and board-level oversight of ESG matters.
Commitment Reaffirmed
The company believes this independent ESG rating reaffirms its commitment to strong governance, responsible business conduct, and sustainable value creation, providing additional comfort to investors regarding the robustness of its ESG practices.
ICRA’s Key Rating Drivers
ICRA noted certain strengths for Motilal Oswal including its low-resource intensive nature of operations, well-structured community initiatives with dedicated CSR activities, and adequate employee benefits and development initiatives. Transparent disclosures and good governance mechanisms were also highlighted.
Areas for Improvement
ICRA stated areas of concern including comparatively high attrition and pay disparities, a lack of time-bound ESG targets and limited women’s representation among board and senior management.
Source: BSE
