Mastek Complies with SASB Reporting Strengthening its ESG Commitments

Mastek (NSE: MASTEK; BSE: 523704), a turnkey and trusted digital engineering & cloud transformation service provider, today announced that it will follow Sustainability Accounting Standards Board (SASB) standards to benchmark its Environmental, Social, and Governance (ESG) reporting. Mastek is among the niche ten companies from India complying with SASB standards in ESG reporting.

Founded in 2011, the SASB is an independent non-profit foundation that sets standards to measure ESG performance of an organization. SASB standards guide the disclosure of financially material sustainability information by companies to their investors.

"As a global organization, contributing towards the environmental sustainability and well-being of the society remains a top priority for us," said Hiral Chandrana, Global Chief Executive Officer, Mastek. He further added, "In addition to our focus on Diversity and strong Governance, we are making progress in our carbon neutrality journey and SASB benchmarking reinforces Mastek's commitment to ESG. The global climate challenges are on the rise today and all of us will have to play an important role in sustaining & protecting the society & environment."

Vimal Dangri, Chief Legal and Compliance Officer, Mastek said "Mastek and Mastekeers are deeply committed towards the organization's ESG goals. We continue to invest in scaling up the engagement with the communities and stakeholders that Mastek has an impact on, be it our employees, customers or partners. As an organization, we have made significant strides to achieve our ESG goals. We contributed to multiple charitable organizations in India impacting lives. We are already offsetting 100% of carbon emissions in our UK offices. There has been a drastic reduction in electricity consumption, total GHG emissions, and water consumption in our offices. We'll continue to expand, innovate and contribute towards the betterment of the larger society."

Mastek is committed to its ESG priorities in alignment with the UN's Sustainable Development goals. It assumes a firm sense of responsibility for the sustainability triangle that encompasses - Environmental Protection, Social Equity, and Economic Viability.

Shares of Mastek Limited was last trading in BSE at Rs. 1693.50 as compared to the previous close of Rs. 1695.60. The total number of shares traded during the day was 2321 in over 651 trades.

The stock hit an intraday high of Rs. 1710.00 and intraday low of 1680.80. The net turnover during the day was Rs. 3935680.00.

Source : Equity Bulls

Keywords

Mastek INE759A01021 ESGReporting SustainabilityAccountingStandardsBoard