HCL Technologies (HCL), a leading global technology company, has stepped up its climate commitments. In a continued effort to reduce the climate impact of the company and as part of a focused drive to integrate sustainability initiatives, HCL Technologies has signed The Climate Pledge, received validation from the Science-Based Targets Initiative (SBTi), and is formally a supporter of the Task Force on Climate-related Financial Disclosures (TCFD). These three initiatives are in addition to membership of the United Nations Global Compact.
At HCL Technologies, the overall sustainability strategy is based on the philosophy of ‘Act, Pact and Impact’ and is a key element of business and growth. “These new commitments are part of our efforts to act responsibly and lead by action, sustainably offer our stakeholders maximum value as part of our pact and ensure we create impact through our actions and initiatives,” said Santhosh Jayaram, Global Head of Sustainability, HCL Technologies.
The Climate Pledge is a commitment to being net-zero carbon by 2040, ten years ahead of The Paris Agreement. As part of this pledge, all greenhouse gases will be measured and reported, decarbonization strategies will be implemented and any additional emissions will be neutralized in line with this obligation.
The SBTi has validated and commended the ambitious 1.5°C aligned targets set out by HCL Technologies. On the pathway to net-zero by 2040, renewables will be the top priority, followed by energy efficiency and eco-efficiency. Additionally, there are action plans for many nature-based sequestering projects to aid in achieving these targets.
As a supporter of TCFD, HCL Technologies joins over 3000 organizations worldwide to demonstrate a commitment to building a more resilient financial system and safeguarding against climate risk through better disclosures. These include public and private sector bodies, including national governments, central banks, stock exchanges, etc. Increased transparency will promote more informed financial decision-making by investors, lenders and others.
With these new commitments, HCL Technologies’ global leadership emphasizes the importance of climate-related sustainability initiatives within the organization.