Wipro Recognized by CDP for Climate Change Disclosure for Second Time in a Row
Wipro tops CDP’s global “Carbon Disclosure Leadership Index”
Bangalore, India - Wipro Ltd., (NYSE:WIT), a leading global Information Technology, Consulting and Outsourcing company today announced that it has been named as a leader in the India 200 Climate Disclosure Leadership Index (CDLI), for the second time in a row. Wipro continues to retain the top position with a disclosure score of 98/100. The average disclosure score of Indian companies is 68.
This was revealed in the 2013 CDP India 200 Climate Change Report titled ‘Energy efficiency: Driving the climate change response in Indian high performing companies’. The report is co-written by CDP, formerly known as the Carbon Disclosure Project, and the Sustainability practice of the leading Management Consulting firm Accenture. It provides authoritative evaluation of corporate progress on climate change in India. CDP is a not-for-profit organization working with investors, companies and governments to drive environmental disclosure and action to ensure a sustainable economy, preserve natural resources and avert hazardous climate changes.
This year over 5,000 companies from all over the world were asked to report on climate change through the Carbon Disclosure Project (CDP), which represents 722 institutional investors with US$87 trillion in assets. Companies are given scores on how well they manage internal data and how cognizant they are of climate change related issues affecting the company. This year, 55 Indian companies (27.5%) responded to CDP, compared to 53 in 2012.
As part of its sustainability charter, Wipro’s goals include an ambitious program of reducing the carbon footprint from its operations. The other environmental areas of active focus are water, waste and biodiversity. Wipro’s sustainability vision is to drive change through self-driven actions as well as through advocacy and partnership with civil society and government.
On this occasion, Anurag Behar, Chief Sustainability Officer, Wipro, said “We are pleased to be recognized as a leader yet again in CDLI (India). Climate change is one of the most pressing challenges of the 21st century and is only getting more so. Business, government and civil society must not only come together to address this issue but must forge something that is meaningful and actionable. At Wipro, we have a comprehensive sustainability program that addresses carbon reduction along with the issues of water and biodiversity. This is something that we will continue to drive and strengthen in the coming years.”
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology” - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner’s approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 57 countries. For more information, please visit www.wipro.com.
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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