ICICI Lombard General Insurance Company Limited has informed the Exchange regarding 'Environmental Social and Governance Report of the Company for FY2025'.
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ICICI Lombard released its sixth annual ESG Report for FY2025 on World Environment Day (June 5, 2025), aligned with SEBI's BRSR, TCFD, and GRI Standards 2021. The company reported strong financial performance with Gross Direct Premium Income growing 8.3% to ₹268.33 billion (from ₹247.76 billion in FY2024) and Return on Average Equity improving to 19.1% from 17.2%. On the environmental front, 38% of electricity was sourced from renewables (up from 27%), with GHG emissions per headcount reducing to 0.78 MTCO2e. The company strengthened its ESG ratings across MSCI, Sustainalytics, S&P Global, and CRISIL, and maintained its leadership in EV insurance with 23.9% market share in private cars and 32.2% in two-wheelers. CSR spending rose to ₹404.2 million, benefiting over 1 million people, while female workforce representation improved to 26%.
This is a routine ESG disclosure submission with no direct material impact on stock price, though it demonstrates improved sustainability credentials and continued financial strength. The improved ESG ratings and operational metrics may appeal to ESG-focused investors over the longer term.