BENGALURU: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has topped CRISIL’s Environmental, Social, and Governance (ESG) performance assessment of the top 225 companies across 18 sectors in India with a score of 79 on 100 (the score was assigned on a scale of 1-100, with 100 denoting best-in-class ESG performance).
Infosys has scored 86 on environmental parameters and 68 and 81 on social and governance parameters, respectively.
The assessment is based on information for three years (up to and including fiscal 2020) of publicly available ESG information considering both quantitative and qualitative disclosures of companies.
The parameters on which the companies were evaluated were as follows:
- Environmental – GHG (Greenhouse Gas) emissions, energy use, waste and pollution, water use, and land use
- Social – Workforce and diversity, occupation/product safety, customer and vendor engagement, ease of access and reach, and communities and society
- Governance – Board performance and independence, ownership concentration, management track record, shareholder relations, and disclosure practices/statements.
Nilanjan Roy, Chief Financial Officer at Infosys said, “We are extremely proud to be ranked as one of the most ESG focused companies in CRISIL’s ESGauge. ESG is at the core of what we do. At Infosys, we ensure unwavering focus on exemplary responsiveness and governance to the ecological and societal needs. This positioning serves as a testament to four decades-worth of work and efforts by our leaders and fellow Infoscions in reaching this milestone. We will continue to augment our existing roadmap and set a benchmark for achievements in the ESG space while continuing to aspire to the next.”
Infosys has a well-established corporate sustainability program and has achieved many milestones across E, S, and G over the last decade. Infosys became carbon neutral in 2020, 30 years ahead of the timeline set by the Paris Agreement.
Building on this success, in 2020, Infosys announced its 2030 ESG Vision with the following key highlights:
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
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
Nurture an inclusive and gender-diverse workforce with at least 45 percent women employees
Continue to bring interests of all stakeholders to the fore through an empowered, diverse, and inclusive Board
Lead data privacy and information security standards across its global operations
This assessment was made voluntarily by CRISIL, and there is no relationship between Infosys and CRISIL.
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