Infosys, a leading Indian information technology company, announced that it has become carbon neutral 30 years ahead of the Paris Agreement’s target year of 2050.
In June 2020, Infosys signed up for ‘The Climate Pledge,’ committing to achieve net-zero carbon emissions across its businesses by 2040. The pledge calls on new signatories to become net-zero carbon emitters across all their businesses by 2040, well before the Paris Climate Agreement’s goal of 2050. Infosys is also the first Indian signatory to the RE100 global campaign that urges corporates to go green.
According to its press statement, the company decreased its per capita electricity consumption by more than 55% with an aim to transition to clean energy. It has also developed a portfolio of carbon-neutral projects that benefit around 100,000 rural families.
In a recent interview with Mercom, Bose Varghese, Head – Green Initiatives, Infosys, said that in FY 2020, over 44% of the company’s power consumption was satisfied by renewable energy sources.
According to the press statement, the company was inducted into Dow Jones Sustainability Indices (DJSI), a family of indices that analyze publicly trading companies’ sustainability performance, and became part of the DJSI Emerging Market Indices and DJSI World.
“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 energy,” said N.R. Narayana Murthy, Founder of Infosys.
The company also announced its Environmental, Social, and Governance (ESG) vision for 2030. The company is expected to focus on climate change, technology for good, energizing local communities, diversity and inclusion, data privacy, and information management.
As a part of its ESG vision, Infosys will continue to be carbon neutral across Scope 1, 2, and 3 emissions. The company will eliminate 75% of Scope 1 and 2 greenhouse gas emissions and decrease around 30% of Scope 3 greenhouse gas emissions. Scope 1 emissions are direct emissions from owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy. Scope 3 emissions are all indirect emissions (not included in scope 2) that occur in a company’s value chain, including both upstream and downstream emissions.
Image credit: PrasanthR, CC BY-SA (3.0)
Harsh is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.