Prestige Estates Projects has received an upgraded ESG rating from Crisil. The company’s rating has improved from ‘Crisil ESG 51’ to ‘Crisil ESG 54’, reflecting an ‘Adequate’ rating. This upgrade is applicable for FY 2023-24, with the new rating effective for FY 2024-25. The company has a Crisil Core ESG rating of 70.
Crisil ESG Rating Improvement
Prestige Estates Projects announced that Crisil ESG Ratings & Analytics Limited upgraded the company’s ESG rating from ‘Crisil ESG 51’ to ‘Crisil ESG 54’. Both ratings fall under the ‘Adequate’ category, signifying a positive shift in the company’s ESG performance. The upgraded rating applies to FY 2023-24 and will be maintained through FY 2024-25.
Core ESG Rating
The company’s Crisil Core ESG rating currently stands at 70, indicating a moderate level of integration of ESG factors into its core business operations.
Independent Assessment
It is important to note that Prestige Estates Projects has not engaged Crisil for this ESG rating. The rating was independently prepared by CRISIL based on publicly available data. This independent assessment provides stakeholders with an objective view of the company’s ESG performance.
Source: BSE
