Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, October 28 2020 - 22:15
AsiaNet
Infosys turns carbon neutral 30 years ahead of 2050, the timeline set by the Paris Agreement
BENGALURU, India, Oct. 28, 2020 /PRNewswire/ AsiaNet/ --

- 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