Canara HSBC Life Insurance Gets ‘Leader’ ESG Rating from NSE
New Delhi, October 26, 2026: Canara HSBC Life Insurance Company Limited has received a ‘Leader’ rating in the FY2026 Environmental, Social and Governance (ESG) assessment conducted by NSE Sustainability Ratings & Analytics Limited. The company recorded an overall ESG score of 71, with scores of 79 in Environment, 75 in Governance and 63 in Social.
The assessment highlighted the insurer’s environmental performance, including direct operational greenhouse gas emissions and energy consumption below industry averages. It also noted lower energy and waste intensity compared with peers, along with waste recycling and recovery practices.
In the social category, the assessment recognised the company’s employee well-being and workplace safety measures. Canara HSBC Life Insurance reported a lost-time incident rate of zero, no employee fatalities during the year and 100% employee coverage under health and safety training. Women accounted for 36.69% of its workforce, while customer complaint frequency remained below relevant benchmarks.
The governance assessment noted the company’s oversight framework, including Board independence levels exceeding regulatory requirements, independent representation across key Board committees, and anti-corruption and sustainability governance policies.
Commenting on the recognition, Anuj Mathur, MD & CEO, Canara HSBC Life Insurance, said, “Being recognised in the 'Leader' category is a strong affirmation of our belief that sustainable growth and responsible business practices go hand in hand. At Canara HSBC Life Insurance, ESG is not a standalone agenda but an integral part of how we create long-term value, manage risk, strengthen stakeholder trust and build organisational resilience. As we continue to grow, we remain committed to embedding these principles across our business and delivering meaningful outcomes for our customers, employees, shareholders and communities.”
The FY2026 assessment used a sector-specific framework to evaluate companies across environmental, social and governance parameters. The evaluation considered organisational performance, policies, disclosures, governance practices and the management of material ESG risks and opportunities.
According to the assessment methodology, the evaluation was based on publicly available information, including annual reports, Business Responsibility and Sustainability Reports (BRSR), stock exchange filings, company disclosures and other public sources. Companies were benchmarked against relevant industry peers.
