Technology, digital services and consulting company Infosys announced today that it has achieved carbon neutrality across all emissions, fulfilling the goal originally set by the company in 2011. In addition to reaching this milestone, the company has introduced additional sustainability goals in its new Environmental, Social and Governance (ESG) Vision for 2030 publication.
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.”
According to Infosys, the company began taking climate action in 2008, and set out its goal for carbon neutrality in 2011. Since 2008, the company has reduced its per capita electricity consumption by over 55%, and 44% of the company’s electricity across its India operations is now derived from renewable sources.
For its remaining carbon footprint, Infosys has used an equivalent volume of offsets to reach net zero emissions in 2020. According to the company, it has developed a portfolio of community-based carbon offset projects, focused primarily on socio-economic development of rural communities and contributions to the UN Sustainable Development Goals (SDGs). The projects not only address climate change, but also benefit over 100,000 rural families.
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.”
Infosys’ ESG 2030 Vision lays out a series of the company’s sustainability commitments across environmental, social and governance aspects. The company’s 2030 goals include reducing absolute Scope 1 and 2 GHG emissions by a further 75% (2020 base year) and Scope 3 by 30%, reducing its water footprint, creating a gender diverse workforce with 45% women, extending digital skills to 10 million people by 2025, adopting leading data privacy standards, and ensuring robust compliance and integrity practices, among others.
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.”