New Delhi: RITES Limited, a public sector undertaking operating in the railway and transport consultancy sector, has received an Environmental, Social and Governance (ESG) rating of 63 and a Core ESG rating of 79 from CRISIL ESG Ratings & Analytics Limited.
The company disclosed the development in a regulatory filing submitted to the stock exchanges on October 9, 2026, under Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
According to the filing, CRISIL informed the stock exchanges about the ESG rating on October 8, 2026. The assessment provides ratings for RITES based on publicly available information and data.
RITES Receives ESG Rating of 63 from CRISIL
CRISIL ESG Ratings & Analytics Limited has assigned RITES Limited an ESG rating of 63. The agency has also provided the company with a Core ESG rating of 79.
The key details of the assessment are as follows:
- Company: RITES Limited
- Rating Agency: CRISIL ESG Ratings & Analytics Limited
- ESG Rating: 63
- Core ESG Rating: 79
- Date of CRISIL Communication to Stock Exchanges: October 8, 2026
- Date of RITES Regulatory Filing: October 9, 2026
- Regulatory Provision: Regulation 30 of SEBI LODR Regulations, 2015
The disclosure was issued by Nikhil Agrawal, Company Secretary and Compliance Officer of RITES Limited, for the information and records of the stock exchanges.
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RITES Clarifies ESG Rating Was Not Commissioned by the Company
In its regulatory filing, RITES clarified that it had not appointed or engaged CRISIL to prepare the ESG rating or the related report.
The company stated that the rating and report were independently prepared by CRISIL using publicly available information and data. The disclosure clarifies the independent nature of the assessment and confirms that it was not commissioned or sponsored by RITES.
Key points from the company’s clarification include:
- RITES did not appoint CRISIL to prepare the rating or report.
- The ESG assessment was independently conducted by CRISIL.
- The rating and report were based on publicly available information and data.
- The company disclosed the development to the stock exchanges in accordance with applicable regulatory requirements.
Understanding ESG and Core ESG Ratings
Environmental, Social and Governance (ESG) assessments are used to evaluate aspects of a company’s environmental impact, social responsibilities and governance practices.
The three broad components of ESG are:
- Environmental: Factors relating to environmental impact, resource use and sustainability.
- Social: Factors concerning employees, workplace practices, community engagement and social responsibility.
- Governance: Factors relating to corporate governance, transparency, accountability and business conduct.
Core ESG assessments generally focus on a defined set of key ESG indicators. However, the specific methodology, scoring criteria and interpretation of RITES’ ratings would depend on CRISIL’s assessment framework.
The ratings of 63 for ESG and 79 for Core ESG are the scores disclosed by the company. They should not, by themselves, be interpreted as a complete assessment of RITES’ overall sustainability performance without reference to the rating agency’s methodology.
RITES Discloses Rating Details Under SEBI Regulations
RITES submitted the information to the stock exchanges under Regulation 30 of the SEBI LODR Regulations, 2015, which governs disclosures of material events and information by listed entities.
The filing ensures that investors and other stakeholders are informed about the ESG ratings assigned to the company. It also records RITES’ clarification regarding the independent preparation of the assessment by CRISIL.
About RITES Limited
RITES Limited is a public sector undertaking under the Ministry of Railways, Government of India. The company provides consultancy, engineering, transport infrastructure and related services across sectors including railways, highways, ports and urban transport. RITES also undertakes domestic and international projects, supporting the development and modernisation of transport infrastructure.
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