Star Health and Allied Insurance Company has achieved a significant milestone by securing the highest sustainability score among insurance companies in the Indian insurance sector. According to the S&P Global Corporate Sustainability Assessment, Star Health Insurance has been recognized as India’s most sustainable insurance company for 2024. The company achieved a score of 53, which is based on its robust Environmental, Social, and Governance (ESG) parameters.
This achievement highlights Star Health Insurance’s commitment to sustainable practices, transparency, and fostering a strong ESG culture. The company’s score reflects its focus on integrating ESG principles into its operations, which ensures long-term value for all stakeholders. The 10-point improvement in the score from the previous year demonstrates the company’s progress in key areas such as corporate governance, human capital management, and climate strategy.
The S&P Global Corporate Sustainability Assessment is a prestigious evaluation that assesses companies’ sustainability performance based on ESG criteria. The assessment provides a comprehensive view of a company’s sustainability profile, considering factors such as environmental impact, social responsibility, and governance practices. By achieving the highest score in the Indian insurance sector, Star Health Insurance has demonstrated its leadership in sustainability and its commitment to creating a positive impact on the environment and society.
This recognition is a testament to Star Health Insurance’s efforts to prioritize sustainability and ESG considerations in its business operations. The company’s focus on transparency, accountability, and stakeholder engagement has enabled it to build trust and credibility with its customers, investors, and other stakeholders. As a responsible business, Star Health Insurance is dedicated to creating long-term value and making a positive contribution to the communities it serves. With this achievement, the company has set a new benchmark for sustainability in the Indian insurance sector, inspiring others to follow its lead and prioritize ESG considerations in their operations.