NEW DELHI (India CSR): Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India’s largest retail health insurance provider, has secured the highest sustainability score among insurance companies in the Indian Insurance sector in S&P Global Corporate Sustainability Assessment. Star Health Insurance becomes India’s most sustainable insurance company 2024 in the S&P Global Corporate Sustainability Assessment (CSA).
Star Health Achieves Significant ESG Milestone
The Company has secured a score of 53 based on the robust Environmental, Social, and Governance (ESG) parameters. This accomplishment highlights the Company’s constant focus on sustainable practices, transparency and fostering a strong ESG culture. The remarkable 10-point improvement in the score highlights Star Health’s progress in key areas such as corporate governance, human capital management and climate strategy. This recognition reflects the company’s commitment to integrating ESG principles into its operations and ensuring long-term value for all stakeholders.
Leadership Perspective on Sustainability
Speaking on the achievement Anand Roy – MD & CEO at Star Health Insurance said, “We continuously evolve our business model to deliver excellence across all parameters and this is reflected in our sustainability rating too. This milestone underscores our leadership in sustainability and responsible business practices. This recognition reflects our dedication to integrating environmental, social, and governance principles into every aspect of our business. We remain committed to creating long-term value for our stakeholders through innovation, operational excellence and responsible practices that contribute to a more sustainable future for all. Thanks to our employees, customers, suppliers and partners for helping us embark on this journey and enable a more sustainable future”
Understanding the S&P Global ESG Score
The S&P Global Corporate Sustainability Assessment (CSA) Score measures a company’s sustainability performance related to industry counterparts. The S&P Global ESG score measures management of material ESG risks, opportunities and impacts informed by company disclosures, media and stakeholder analysis, and in-depth company engagement via the S&P Global CSA.
Star Health’s Commitment to Sustainability and Innovation
As Star Health Insurance continues to lead the way in sustainable practices, it remains focused on its mission of customer-centricity, transparency and innovative health insurance solutions while contributing positively to society and the environment.
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