Star Health Insurance Ranks Highest In Sustainability Among Indian Insurance Companies

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). 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.

Speaking on the achievement Mr. 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."

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.

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.

Shares of Star Health and Allied Insurance Company Limited was last trading in BSE at Rs. 392.00 as compared to the previous close of Rs. 394.50. The total number of shares traded during the day was 56407 in over 1839 trades.

The stock hit an intraday high of Rs. 395.55 and intraday low of 386.55. The net turnover during the day was Rs. 22038321.00.

Source : Equity Bulls

Keywords

StarHealthandAlliedInsuranceCompany StarHealth INE575P01011 Rank Sustainability