Canara HSBC Life Secures 'Leader' ESG Rating 71
Canara HSBC Life Insurance Company Limited has been recognised in the ‘Leader’ rating category for FY2026 by NSE Sustainability Ratings & Analytics Limited, attaining an overall ESG score of 71. The assessment breaks down the score into an Environment rating of 79, a Governance rating of 75 and a Social rating of 63.
The environmental evaluation highlighted that the company’s greenhouse‑gas emissions from direct operations and its energy consumption are below industry averages, and that its energy and waste intensity are significantly lower than peers. Strong waste‑recycling and recovery practices were also noted.
On the social front, the firm reported a lost‑time incident rate of zero and no employee fatalities during the year, with 100% of employees covered under health and safety training programmes. Women constitute 36.69% of the workforce, and the frequency of customer complaints is below relevant benchmarks.
Governance assessment recognised a robust oversight framework, with board independence levels exceeding regulatory requirements, strong independent representation across key board committees, and comprehensive anti‑corruption and sustainability governance policies.
Anuj Mathur, Managing Director & Chief Executive Officer, said that the ‘Leader’ recognition affirms the belief that sustainable growth and responsible business practices are intertwined, and that ESG is embedded across the company’s operations to create long‑term value, manage risk, strengthen stakeholder trust and build organisational resilience.
The FY2026 ESG assessment employed a structured, sector‑specific framework that evaluates performance, policies, disclosures, governance practices and management of material ESG risks and opportunities, drawing on publicly available information such as annual reports, Business Responsibility and Sustainability Reports, stock‑exchange filings and other disclosures, and benchmarking against industry peers.
Canara HSBC Life Insurance, incorporated in 2007, is a publicly listed, bancassurance‑led insurer co‑promoted by Canara Bank (36.5% shareholding) and HSBC Insurance (Asia‑Pacific) Holdings Limited (25.5%), with the remaining equity held by public shareholders, including Punjab National Bank (13%). The company operates from its corporate office in Gurugram, Haryana, and as of 30 September 2026 maintains 107 branch offices across India. Over more than 18 years, it has sold life‑insurance products through a diversified network of Canara Bank, HSBC Bank and other bancassurance partners in Tier 1, 2 and 3 cities, offering individual and group solutions covering life, term, retirement, credit‑life and employee‑benefit segments via partner banks and digital channels. The firm’s philosophy, “Promises Ka Partner,” underscores its commitment to simple insurance and faster claim processes.
For further press queries, contact prateek.sharma@canarahsbclife.in.