Corporate

Infosys hits carbon target 30 yrs early

Infosys hits carbon target 30 yrs early

Infosys hits carbon target 30 yrs early – 30 years before the 2050 timeline set by the Paris Agreement, Infosys Ltd Wednesday said it’s achieved carbon-neutral status meeting its own target set nine years ago.

In recent years, the Bengaluru-based IT services company has reduced its per capita electricity consumption by over 55%, because it moves to renewable energy. it’s also developed several community-based carbon offset projects that specialize in socio-economic development of rural communities and contributing to the UN Sustainable Development Goals in their Annual Sustainability Report 2020 the company said that even while its workforce grew 166% over the last decade, its electricity consumption grew only 20%. At the top of FY20, Infosys had 243,454 employees worldwide.

Through renewable energy sources, In FY20, nearly 44% of Infosys’s electricity consumption was met, as the corporate invested in 60MW of captive solar photovoltaic capacity as Infosys has recognized by overcoming the challenges in our context. it’s also taken on new responsibilities like reducing carbon emission, improving air quality, optimally using water and solar energy ,” Infosys founder N.R. Narayana Murthy said during a statement.
As company’s road map 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 permanently ,” said Salil Parekh, CEO & MD, Infosys.

Being first to sign a worldwide initiative by firms committed to using 100% renewable energy.

Globally, tech firms are working towards carbon-neutral status, but are expected to require another decade to realize the target. Apple Inc. has committed to be 100% carbon neutral for its supply chain and products by 2030. Facebook Inc., too, features a 2030 target of net zero emissions for its supply chain, employee commuting and business travel. Google, already a carbon-neutral company, aims to run all of its data centres and offices on carbon-free energy by 2030. In January, Microsoft Inc. showed plans to become “carbon negative” by 2030.

In India, Tata Consultancy Services Ltd has achieved its 2020 target of reducing its specific carbon footprint by 50% (relative to baseline year 2007-08).

Ulka Kelkar, director, climate program, World Research Institute India, said, “Infosys was the primary Indian IT company to place an indoor price on carbon. This has helped them account for global climate change while making business decisions and choose cleaner energy options.”

As a part of its ESG vision for 2030, Infosys will still be “carbon neutral across Scope 1, 2 and three emissions per annum also as eliminate 75% Scope 1 and a couple of greenhouse emission emissions and reduce by 30% absolute Scope 3 greenhouse emission emissions,” Infosys said during a statement.

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