Sun TV Network Limited has publicly disclosed its recent Environmental, Social, and Governance (ESG) rating for the Financial Year 2024–2025. The company was assigned an overall ESG rating of “67” by NSE Sustainability Ratings & Analytics Ltd, placing it in the “Aspiring” rating category. This rating is based on the company’s performance across Environment (70), Social (64), and Governance (67) pillars, derived from public disclosures.
Public Disclosure of ESG Rating
Sun TV Network Limited has formally informed the stock exchanges regarding its latest Environmental, Social, and Governance (ESG) rating. The assessment, conducted by NSE Sustainability Ratings & Analytics Ltd, resulted in an overall ESG rating of “67” for the Financial Year 2024–2025. This score corresponds to the rating category of “Aspiring”, indicating a strong ESG commitment with steady progress.
Pillar-wise Performance Breakdown
The overall rating reflects performance across three primary pillars, each weighted according to its materiality to the media and entertainment sector:
- Environment Score: 70 (Weightage: 20%)
- Social Score: 64 (Weightage: 38%)
- Governance Score: 67 (Weightage: 42%)
Key Drivers for Environmental Assessment (Score 70)
The Environment pillar score is driven by several factors, showing strengths in resource management but also areas for improvement in disclosure:
- Greenhouse gas emissions from direct operations and energy consumption are below industry averages.
- Water usage decreased by 26% compared to the previous year.
- Renewable energy usage surpasses industry averages, showing an increase of 5% year-on-year.
- The company does not disclose waste recycled/recovered metrics.
- No information was provided on scope 3 emissions intensity.
Key Drivers for Social Assessment (Score 64)
The Social Score reflects a mixed performance, with positive marks in workforce balance and grievances being offset by notable concerns:
- The company achieved a balanced workforce with a female employee percentage meeting industry standards.
- The organization is receiving a lower number of grievances from employees and workers.
- However, there were fatalities reported for workers in the assessment year.
- Health insurance coverage for permanent employees falls short of industry norms (a 25% decrease year-on-year).
Key Drivers for Governance Assessment (Score 67)
The Governance pillar highlights regulatory compliance and board structure strength:
- The board composition shows a stronger presence of independent directors than the minimum required by regulations.
- The company has fulfilled the requirement for having a sufficient number of women on its board.
- Representation of independent directors in the Nomination and Remuneration Committee and Audit Committee exceeds compliance requirements.
Core ESG Rating Summary
In addition to the main rating, the report detailed a Core ESG Rating, which is based on verified BRSR Core disclosures. For FY2025, this core rating stood at 65, comprising an Environment Score of 55, a Social Score of 68, and a Governance Score of 68.
Source: BSE
