GIC Re files FY26 BRSR report detailing sustainability metrics
- Total energy consumption fell to 3501.58 GJ from 4063.09 GJ in FY25
- GHG emissions declined to 752.35 metric tonnes CO2 equivalent
- Workforce grew to 503 employees with a 5.88% turnover rate
- Zero waste generated in FY26 versus 1.8 metric tonnes in FY25
- CSR initiatives benefited over 5,000 individuals across multiple projects
*this image is generated using AI for illustrative purposes only.
General Insurance Corporation of India has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to stock exchanges, disclosing key non-financial performance indicators.
The filing, dated August 31, 2026, outlines the corporation’s adherence to SEBI Listing Regulations regarding environmental, social, and governance disclosures for the financial year ended March 31, 2026.
Environmental Metrics
The corporation reported a total energy consumption of 3501.58 GJ from non-renewable sources in FY26, down from 4063.09 GJ in FY25. This reduction contributed to a lower energy intensity per headcount, which fell to 6.96 GJ from 9.05 GJ in the prior year.
Greenhouse gas emissions also declined. Total Scope 1 and Scope 2 emissions stood at 752.35 metric tonnes of CO2 equivalent in FY26, compared to 781.47 metric tonnes in FY25. The emission intensity per headcount dropped to 1.50 metric tonnes from 1.74 metric tonnes.
| Metric | FY26 | FY25 |
|---|---|---|
| Total Energy Consumption (GJ) | 3501.58 | 4063.09 |
| GHG Emissions (Scope 1+2) | 752.35 mt | 781.47 mt |
| Water Withdrawal (KL) | 5140 | 5935 |
Water withdrawal decreased to 5140 kilolitres in FY26 from 5935 kilolitres in FY25. The corporation generated zero waste in FY26, compared to 1.8 metric tonnes of e-waste recycled in FY25.
Employee Welfare and Safety
As of March 31, 2026, the corporation employed 503 people, including 418 permanent employees. Women constituted 36.18% of the total workforce. The turnover rate for permanent employees was 5.88% in FY26, slightly lower than the 5.93% recorded in FY25.
The firm reported zero lost-time injuries and zero fatalities during the reporting period. It spent 0.02% of its total revenue on employee well-being measures, consistent with the previous year.
Corporate Social Responsibility
The corporation undertook several CSR projects focusing on healthcare, education, and disability empowerment. Key initiatives included building an accessible resource centre benefiting approximately 5,000 individuals and constructing a rehabilitation centre for women affected by endosulfan, supporting 150 beneficiaries.
It also contributed to the construction of facilities for an old age home supporting 100 vulnerable women and infrastructure for children with special needs, aiding over 165 students.
Governance and Compliance
M/s. Ragini Chokshi & Co. provided reasonable assurance on the BRSR core indicators. The corporation reported receiving 115 complaints from communities in FY26, all of which were resolved by year-end. There were no pending shareholder or customer complaints.
Historical Stock Returns for GIC of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.44% | -2.35% | -4.09% | -8.32% | -6.28% | +135.72% |
Will General Insurance Corporation of India set specific net-zero emission targets for FY27 given the consistent decline in Scope 1 and 2 emissions?
How might the zero waste generation metric in FY26 influence the company's future capital expenditure on sustainable infrastructure versus operational efficiency?
Could the stable but low percentage of revenue allocated to employee well-being impact retention rates as the insurance sector faces increasing competition for talent?
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