Infosys, a global leader in consulting and technology, has been identified as one of the top 25 performers in Caring for Climate Initiative Opens in a new window by UN Global Compact Opens in a new window and UN Environment Program Opens in a new window. The Caring for Climate initiative is aimed at advancing the role of businesses in addressing climate change. As part of the top 25 performers group, Infosys achieved the greatest absolute emissions reductions percentage over the 2009 to 2010 reporting period.
The Caring for Climate Initiative Top 25 performers list recognizes companies that demonstrate leadership in:
- Reducing greenhouse gas emissions that improve their efficiency and that of their supply chain, set targets and transparently report verifiable data on current emissions.
Furthering the understanding of corporate sector’s environmental impact and its role in developing leading solutions to build a low-carbon, climate resilient economy.
Working to engage stakeholders and policy makers to encourage scaled up climate action.
Speaking on the occasion, Mr. Kris Gopalakrishnan, Executive Co-Chairman, Infosys said,“At Infosys we had an early realization that businesses will need to lead the transformation towards green growth. We embarked on our green journey in 2007, committing to becoming carbon neutral across all our emissions by 2018. We have since implemented a continuous optimization cycle that has allowed us to take risks and incubate new ideas.”
“Over the past four years, Infosys has saved 290 million units of electricity; by implementing energy efficiency measures across our development centers. This is a special milestone that has been achieved through tireless efforts of the Infosys community. Our inclusion in the Top 25 performers in Caring for Climate Initiatives further validates that our efforts have been in the right direction. We hope that our success proves to be a model and catalyst for other companies to commit to driving sustainability within their businesses”, added Kris.
Over the past five years, Infosys has taken great strides towards becoming a sustainable organization and has committed to becoming carbon neutral by 2018. As part of this initiative, Infosys has committed to reduce its per capita electricity consumption by 50% over 2007-2008 levels by the year 2018 and source 100% of electricity requirement from renewable resources (by 2018). From 2007-08 to 2011-12, Infosys has already reduced its per capita, per month electricity consumption by 32.67%, water consumption by 22.87% and GHG emissions by 25.67%. Today, the next generation of optimized buildings at Infosys consume 50% less electricity. The company has been working towards encouraging employees to endorse green practices, designed to reduce the consumption of resources as part of their daily work. Infosys Eco Clubs are passionately involved in creating and partnering in resource intensity practices within the organization, together with our implementation specialists. The company is in the process of applying for more than 5 million sq. ft. of LEED/GRIHA certifications. Infosys was rated the eighth greenest company in the world by Newsweek Magazine in 2011.
Read more on Infosys sustainability initiatives at Sustainability Report 2010-11 Opens in a new window.
About Caring for Climate Initiative
Launched by the UN Secretary-General Ban Ki-moon in 2007,"Caring for Climate" is the UN Global Compact and UN Environment Programme's initiative aimed at advancing the role of business in addressing climate change. It provides a framework for business leaders to advance practical solutions and help shape public policy as well as public attitudes. Chief executive officers who support the statement are prepared to set goals, develop and expand strategies and practices, and to publicly disclose emissions as part of their existing disclosure commitment within the UN Global Compact framework, that is, the Communication on Progress. Caring for Climate is endorsed by nearly 400 companies from 65 countries.
Many of the world’s most successful organizations rely on the 150,000 people of Infosys (infosys.com) to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.
Certain statements in this release concerning our future growth prospects are forward-looking statements, 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 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, and unauthorized use of our intellectual property and general economic conditions affecting our industry. 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, 2012 and on Form 6-K for the quarter ended June 30, 2011 September 30, 2011 and December 31, 2011.These filings are available at sec.gov Opens in a new window. 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.
For further information please contact:
Danielle D’Angelo - Infosys Ltd, US
P: +1 5108595783 - E: Danielle_Dangelo[.]infosys.com.
Cristin Balog - Infosys Ltd, Australia
P: +61 3 9860 2277 - E: Cristin_Balog[.]infosys.com.
Priyanka Waghre - Infosys Ltd.
P: +91 80 4156 4999 - E: Priyanka_Waghre[.]infosys.com.