Infosys turns carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement
PR86332
BENGALURU, India, Oct. 28, 2020 /PRNewswire=KYODO JBN/ --
- Announces ESG Vision 2030 to continue to shape and share solutions that serve
businesses and communities
Infosys [http://www.infosys.com/ ] (NYSE: INFY), the global leader in
next-generation digital services and consulting, published its Environmental,
Social and Governance (ESG) Vision for 2030. This announcement is part of
Infosys' long-standing commitments focused across core areas: climate change,
technology for good, diversity and inclusion, energizing local communities,
ethics and transparency, data privacy and information management. This legacy
of purpose and impact has inducted the company into the prestigious Dow Jones
Sustainability Indices (DJSI) and made it part of the DJSI World and DJSI
Emerging Markets Indices.
As part of its ongoing Environmental, Social and Governance efforts, including
leveraging renewables, orchestrating energy efficiencies and driving unique
fully funded community-based carbon offset projects, Infosys is now carbon
neutral in compliance with PAS 2060 standards. According to The Lawrence
Berkeley National Laboratory, Infosys' work campuses are some of the most
energy-efficient in the world. In fact, over the past years, the company has
reduced its per capita electricity consumption by over 55 percent with the
ambition to transition to renewable energy. It is the first Indian signatory to
the RE100 global campaign. Infosys has also successfully developed a portfolio
of community-based carbon offset projects. These focus primarily on
socio-economic development of rural communities and contributions to the UN
Sustainable Development Goals. The projects not only address climate change,
but also benefit over 100,000 rural families.
Infosys, since inception, has recognized that the integration of ESG factors in
corporate and business decision-making is an ongoing commitment.
N. R. Narayana Murthy, Founder - Infosys, said, "Longevity and success for a
company comes from living in harmony with the context in which it operates.
Right from the first day, Infosys has recognized and fulfilled its
responsibilities towards overcoming the challenges in our context. It has also
taken on new responsibilities like reducing carbon emission, improving air
quality, optimally using water and solar power. The Infosys Foundation has
helped the poor by addressing their needs in education, healthcare, nutrition
and shelter as well as providing shoulder to the efforts of our governments
during times of disaster. Today, nearly four decades after embracing these
values, I am happy that Infosys continues to strive hard for these values to
make our context better."
Nandan Nilekani, Co-founder and Chairman, Infosys, said, "Infosys has always
balanced success as a business with unwavering focus on exemplary governance
and responsiveness to the needs of the ecology and society. As an early
proponent of responsible business, we understand our obligation to integrate
ESG factors into what we do, which is only increasing in importance
particularly in the wake of COVID-19. Our company began to take action to
combat climate change in 2008 and I am delighted to announce Infosys' carbon
neutrality in 2020. Today, our 2030 vision reflects how ESG will continue to be
integral to Infosys' sustainable business performance."
To understand Infosys' ESG priorities better, watch this video. To learn more
about Infosys' ESG efforts around the world, see Infosys ESG Vision 2030.
Highlights of ESG Achievements:
1. In FY2020, over 44 percent of Infosys' electricity consumption was met
through renewable energy sources. The company also invested in 60 MW of solar
PV capacity.
2. Over 700,000 students from India's engineering colleges advance their
digital skills on InfyTQ – Infosys' next-gen learning platform, as part of the
company's social commitment to reskilling and facilitating job creation.
3. Infosys ranked number three on the 2019 Forbes 'World's Best Regarded
Companies' list based on its trustworthiness, honesty, social conduct, fairness
to employees and performance of its products and services.
4. Infosys Foundation and Infosys Foundation USA spend over $55 million
each year on impactful projects focused on education, healthcare, rural
development, destitute care and art & culture.
Salil Parekh, Chief Executive Officer, Infosys, said, "As a progressive
business committed to the well-being of stakeholders, Infosys is incredibly
proud of the investments its founders have made to make the business truly
sustainable and socially responsible. The company's ESG roadmap for 2030
reflects its continued aspiration to be a well-governed model organization for
diverse talent with an inclusive workplace and community strategies to leverage
technology for good."
Highlights of Ongoing ESG Goals:
1. Continue to be carbon neutral across Scope 1, 2 and 3 emissions every
year. Eliminate 75 percent Scope 1 and 2 Greenhouse Gas emissions and reduce by
30 percent absolute Scope 3 Greenhouse Gas emissions.
2. Expand reskilling initiatives to empower 10 million plus people with
digital skills and 80 million plus lives with technology for good programs in
e-governance, healthcare and education.
3. Nurture an inclusive and gender-diverse workforce with at least 45
percent women employees.
4. Continue to bring interests of all stakeholders to the fore through an
empowered, diverse and inclusive Board.
5. Further strengthen data privacy and information security standards
across global operations, having been awarded the accredited certification on
ISO 27701 by Bureau Veritas Certification (BVC)
About Infosys
Infosys is a global leader in next-generation digital services and consulting.
We enable clients in 46 countries to navigate their digital transformation.
With nearly four decades of experience in managing the systems and workings of
global enterprises, we expertly steer our clients through their digital
journey. We do it by enabling the enterprise with an AI-powered core that helps
prioritize the execution of change. We also empower the business with agile
digital at scale to deliver unprecedented levels of performance and customer
delight. Our always-on learning agenda drives their continuous improvement
through building and transferring digital skills, expertise, and ideas from our
innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise
navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects,
financial expectations and plans for navigating the COVID-19 impact on our
employees, clients and stakeholders are forward-looking statements intended to
qualify for the 'safe harbor' under the Private Securities Litigation Reform
Act of 1995, which involve a number of risks and uncertainties that could cause
actual results to differ materially from those in such forward-looking
statements. The risks and uncertainties relating to these statements include,
but are not limited to, risks and uncertainties regarding COVID-19 and the
effects of government and other measures seeking to contain its spread, risks
related to an economic downturn or recession in India, the United States and
other countries around the world, changes in political, business, and economic
conditions, fluctuations in earnings, fluctuations in foreign exchange rates,
our ability to manage growth, intense competition in IT services including
those factors which may affect our cost advantage, wage increases in India, our
ability to attract and retain highly skilled professionals, time and cost
overruns on fixed-price, fixed-time frame contracts, client concentration,
restrictions on immigration, industry segment concentration, our ability to
manage our international operations, reduced demand for technology in our key
focus areas, disruptions in telecommunication networks or system failures, our
ability to successfully complete and integrate potential acquisitions,
liability for damages on our service contracts, the success of the companies in
which Infosys has made strategic investments, withdrawal or expiration of
governmental fiscal incentives, political instability and regional conflicts,
legal restrictions on raising capital or acquiring companies outside India,
unauthorized use of our intellectual property and general economic conditions
affecting our industry and the outcome of pending litigation and government
investigation. Additional risks that could affect our future operating results
are more fully described in our United States Securities and Exchange
Commission filings including our Annual Report on Form 20-F for the fiscal year
ended March 31, 2020. These filings are available at www.sec.gov. Infosys may,
from time to time, make additional written and oral forward-looking statements,
including statements contained in the Company's filings with the Securities and
Exchange Commission and our reports to shareholders. The Company does not
undertake to update any forward-looking statements that may be made from time
to time by or on behalf of the Company unless it is required by law.
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Source: Infosys
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