Shriram Finance ESG Rating Revised to 83 (Outstanding) by ICRA ESG

Shriram Finance Ltd's ESG Impact Rating has been revised by ICRA ESG Ratings Limited from 82 (Outstanding) to 83 (Outstanding) as of July 31, 2026. This upgrade reflects the company's strengthened ESG framework, broader integration of ESG considerations across its value chain, and focus on sustainable financing initiatives. The rating also acknowledges established governance practices and strategic capabilities from its association with MUFG Bank. Improvements were observed in the environmental and governance profiles, while the social profile remained largely consistent. The company continues its social impact through financial inclusion. However, the rating is moderated by the absence of time-bound environmental commitments and low workforce diversity. The environmental score increased due to value chain sustainability, improved data accuracy, and expanded Scope 3 reporting, leading to reduced Scope 1, 2, and financed emission intensity.