Please find enclosed Business Responsibility and Sustainability Report for FY2026
ICICIGI · price
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ICICI Lombard has filed its annual Business Responsibility and Sustainability Report (BRSR) for FY2026 covering April 2025 to March 2026. The report highlights that the company covered 57.6 million lives including 15.1 million in the social sector, with Gross Written Premium of ₹306.18 billion. The company achieved 41.2% renewable electricity usage (target: 45% by FY2027) and exceeded its female workforce target at 27.6% versus the 27.0% goal. The company issued 99.6% of policies digitally, has 21 million IL TakeCare App downloads, and holds leading EV insurance market share (~21.3% in private electric cars, ~24.2% in electric two-wheelers). CSR spending stood at ₹516.7 million. The report includes details on 17 material ESG issues, governance practices across 9 principles, and assurance by PKF Sridhar & Santhanam LLP for BRSR Core attributes.
The BRSR filing demonstrates ICICI Lombard's growing focus on ESG metrics, digital transformation, and sustainability leadership in the insurance sector. The company exceeded diversity targets and made strong progress on renewable energy, which could positively influence ESG-focused investors. The filing is in compliance with SEBI regulations and provides transparency on climate risks, customer complaints (11,253 filed, 201 pending), and community initiatives.