06/13/2023 | Press release | Distributed by Public on 06/13/2023 06:20
Wipro reduced core emissions by 67.6 percent between 2016-2021
EAST BRUNSWICK, N.J. | BENGALURU, India - June 13, 2023: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, has been ranked in second place overall in The Financial Times' "Climate Leaders Asia-Pacific 2023" list. The company was also ranked #1 under the 'Business & Professional Services' sector.
The recognition underscores Wipro's commitment to reducing its carbon impacts and its ongoing efforts to increase transparency in its reporting.
"We are happy to be recognised by The Financial Times and Statista, based on a careful assessment. Our Net Zero goals are backed by rigorous planning, investment, execution and reporting. Transparent disclosures catalyze collaboration and collective action which are critical to progress on climate change. We will continue to strengthen the momentum of our climate change and environmental stewardship," said P.S. Narayan, Global Head of Sustainability and Social Initiatives at Wipro Limited.
Wipro has committed to achieving Net-Zero GHG emissions by 2040 and is part of leading industry networks working on the subject like Transform to Net Zero, WEF, the Carbon Call and Open Footprint.
Wipro's ecological sustainability programs comprise multiple themes like Energy, Water, Waste Management, Campus Biodiversity and Urban Resilience. These were identified through continuous assessment of environmental impacts arising from the business and supply chain operations.
According to the findings of The Financial Times Asia-Pacific Climate Leaders survey, conducted in partnership with data provider Statista, Wipro reduced core emissions by 67.6 percent between 2016-2021 and received the second highest overall score in the ranking.
The Financial Times Asia-Pacific Climate Leaders survey is a ranking of companies across the Asia-Pacific region that achieved the greatest reduction in their core emissions intensity between 2016 and 2021 and made further climate-related commitments, such as collaboration with CDP (formerly Climate Disclosure Project) and SBTi2 (Science Based Targets initiative), which assesses emissions reduction plans, and transparency on Scope 3 emissions).
Asia-Pacific companies headquartered in one of 14 countries and regions (Australia, Hong Kong, India, Indonesia, Japan, Macao, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam) with a minimum revenue of $50 million in 2021 were eligible for consideration.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients' most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.
The forward-looking statements contained herein represent Wipro's beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro's control. Such statements include, but are not limited to, statements regarding Wipro's growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, 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, including, but not limited to, Annual Reports on Form 20-F. 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.