Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Infosys turns carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement

Posted On: 2020-10-28 05:44:46


Infosys (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."

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 wellbeing 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)

Shares of INFOSYS LTD. was last trading in BSE at Rs.1076.6 as compared to the previous close of Rs. 1092.15. The total number of shares traded during the day was 1763704 in over 13927 trades.

The stock hit an intraday high of Rs. 1104.45 and intraday low of 1069.6. The net turnover during the day was Rs. 1921548142.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com






Other Headlines:

The Lakshmi Vilas Bank Ltd. branches to operate as DBS Bank India Ltd branches from November 27, 2020

Siemens Limited announces Q4 FY 2020 results, Recommends dividend of Rs.7/- per equity share of Rs. 2/- each

Astral Poly Technik Limited to venture into plastic water storage tank business

HDFC Bank reappoints Mr. Umesh Chandra Sarangi as an independent director

Mahindra's All-New Thar receives 4-star safety rating from Global NCAP

Laurus Labs enters the rapidly growing biotechnology segment by acquiring a majority stake in Richcore Lifesciences

Fine Organic Industries Ltd starts operations of new facility

Plate Cutting ceremony of two autonomous electric vessels for ASKO Maritime AS, Norway

JTL Infra Ltd commences Commercial Production at recently acquired Mandi Gobindgarh Manufacturing Facilities

Prozone Intu invests in a mixed use development project at Mumbai

Ledo Tea Company Limited board approves delisting of shares

BSNL Selects Route Mobile for the Deployment ofSMS Firewall to identify and monetise their International A2P SMS Traffic

NIIT Ranked Among Training Industry's Top 20 Companies, 2020

Sheetal Cool Products Ltd commences E-Store Services and Export of Indian Savories

Lupin launches Tacrolimus Capsules USP

Shiva Cement to invest over Rs 1,500 crore in new clinker project at Odisha

HDFC to invest in Renaissance Investment Solutions ARC Private Limited

Aleor Dermaceuticals receives USFDA Tentative Approval for Testosterone Gel, 1.62% (20.25 mg/1.25 gm actuation)

Arab Bank for Investment and Foreign Trade, UAE selects Aurionpro's iCashpro+ to revamp its existing Corporate Internet Banking and Cash management platform

ARSS Infrastructure Projects Limited receives work order of Rs. 210 crore

Majesco Ltd fixes Dec 25, 2020 as record date for interim dividend

L&T Construction secures contract to build India's Longest River Bridge to connect states of Assam and Meghalaya across River Brahmaputra

Acuité Ratings assigns credit ratings to Dish TV India Limited

Spandana Sphoorty Financial Limited raises Rs. 100 crore through NCD issue

Agra Etawah Bypass BOT Project receives Completion Certificate

Thomas Cook India launches India's first Virtual Holiday Store

Bank of Baroda files insolvency application against Kesar Terminals & Infrastructure Ltd and subsidiary

Lasa Supergenerics Ltd receives further Injunction from Hon'ble High Court, Bombay restraining its competitor from Manufacturing albendazole

Indinfravit Trust declares distribution of Rs. 2.1598

Kirloskar Electric Company Ltd has laid off balance workmen at Uni5-15

Fire incident at The Ruby Mills Ltd's Dhamni Factory

ICRA updates on ratings of Dixon Technologies (India) Ltd

Gayatri Projects Limited receives Rs. 208 crore arbitral award

Datamatics enters into a buy-back arrangement with Cignex to divest its stake

Shahlon Silk Industries has sold land to reduce debt

Prakash Pipes Limited to issue 35 lakh shares on preferential basis

V2 Retail Ltd opens 2 new retail stores in Bihar and UP

XacBank Mongolia Selects Infosys Finacle to Power its Digital Transformation

Maruti Suzuki Subscribe expands to Mumbai, Chennai, Ahmedabad and Gandhinagar

Newgen Positioned as a Visionary in Gartner Magic Quadrant for Content Services Platforms

Gillanders Arbuthnot and Company Limited enters into MoU for sale of Tengapani Tea Estate

Steel Strips Wheels Ltd receives export orders of nearly 62,000 wheels

EPL Ltd to raise Rs. 50 crore through commercial papers

Infibeam Avenues Collaborates with Bank Muscat, Oman's biggest bank, to offer high-end PG services to merchants in Oman

Wintac Ltd promoters accept discovered price of Rs. 350 for delisting offer

Äbhayam (Abhaya) Project Inaugurated

GMR Kamalanga Energy Ltd ordered to pay Rs. 1005 crore to SEPCO Electric Power Construction Corporation

Jio Platforms Limited receives subscription amount of Rs. 33,737 crore from Google

Central Bank of India Supported to install Police Station at Marine Drive

UN extends contract of Trigyn Technologies Inc for providing IT staffing support service to OICT



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019