New Delhi, October 26, 2026: Canara HSBC Life Insurance Company Limited has been awarded a ‘Leader’ rating in the FY2026 Environmental, Social and Governance (ESG) assessment by NSE Sustainability Ratings & Analytics Limited, achieving an overall ESG score of 71. The company recorded an Environment score of 79, Governance score of 75, and Social score of 63, reflecting its performance in sustainable business practices, stakeholder welfare, and corporate governance.
The assessment highlighted Canara HSBC Life Insurance’s environmental achievements, noting greenhouse gas emissions and energy consumption below industry averages, lower energy and waste intensity compared to peers, and strong waste recycling and recovery practices.
Social and governance performance
On the social front, the company was recognised for its focus on employee well-being and workplace safety, including a lost-time incident rate of zero, no employee fatalities during the year, and 100% employee coverage under health and safety training. The workforce comprised 36.69% women, and customer complaint frequency remained below relevant benchmarks.
The governance assessment cited the company’s oversight framework, with Board independence levels exceeding regulatory requirements, strong independent representation across key Board committees, and comprehensive anti-corruption and sustainability governance policies.
Assessment methodology and leadership comment
The FY2026 ESG assessment was conducted using a sector-specific framework that evaluated companies across environmental, social, and governance parameters, based on publicly available information such as annual reports, Business Responsibility and Sustainability Reports, stock exchange filings, and company disclosures. The assessment benchmarked companies against industry peers.
Anuj Mathur, Managing Director and CEO of Canara HSBC Life Insurance, said the recognition affirms the company’s commitment to integrating ESG principles into its business and delivering value for stakeholders.
Company background
Canara HSBC Life Insurance, incorporated in 2007, is a public listed company co-promoted by Canara Bank (36.5%) and HSBC Insurance (Asia-Pacific) Holdings Limited (25.5%), with Punjab National Bank holding 13% and the remainder with public shareholders. Headquartered in Gurugram, Haryana, the company operates 107 branch offices across India as of September 30, 2026, and distributes insurance products through multiple channels, including partner banks and digital platforms.
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