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Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions, has emerged as the Global IT Leader in the S&P Dow Jones Sustainability Indices (DJSI) 2021, one of the world’s most renowned indices for ESG (Environmental, Social & Governance). The company been ranked 1st among the top IT companies of the world in the “TSV IT services & Internet Software and Services” segment.
The company has been included under both the DJSI World category and the DJSI Emerging Markets 2021 for the seventh consecutive year. It is amongst only five Indian companies to be included in the DJSI World Index and one of 15 companies from India in the Emerging markets category.
Sandeep Chandna, Chief Sustainability Officer, Chief Customer Officer, Tech Mahindra, said, “We, at Tech Mahindra, have made sustainability the fulcrum of all our activities. Our journey towards sustainability started more than a decade and half ago. We were amongst the few organisations that prioritised ESG at an early stage and recognised the importance of business profitability with sustainability. The leadership position in the DJSI world index is a testament to our commitment towards sustainable practices and principles. As a company with purpose, not only have we stressed upon the environmental aspects of ESG, but have also given due importance to the Social & Governance factors. We believe that with ESG principles built into our core strategy, we can mitigate risks and drive profitable growth while creating a positive societal impact.”
S&P Dow Jones Indices (DJI) is the gold standard for corporate sustainability and the first global index to track sustainability efforts among corporates, pioneering series of global sustainability benchmarks. The DJSI ranking reflects Tech Mahindra’s on-going commitment towards driving its sustainability agenda across Environmental, Social and Governance (ESG) principles through specific initiatives such as improved processes and policies, audits and assessments, human resource programs, social engagements, transitioning to Net zero, water stewardship projects, adopting circular economy practices, and investing in innovation and green technologies and solutions.
Manjit Jus, Global Head of ESG Research and Data, S&P Global, said “We congratulate Tech Mahindra for being included in the Dow Jones Sustainability Index (DJSI) in both DJSI World and DJSI Emerging Markets categories. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency.”
The DJSI World applies a transparent, rules-based constituent selection process based on the companies’ S&P Global ESG Score resulting from the annual S&P Global Corporate Sustainability Assessment (CSA). The CSA consists of a rigorous questionnaire assessing both public and non-public data submitted by participating companies. This year, more than 10,000 publicly traded companies were invited to participate in the S&P Global CSA.
Tech Mahindra has taken medium-term and long-term targets approved by SBTi (Science Based target Initiative) and is a signatory to Business Ambition 1.5 degree Celsius. We will be carbon neutral by 2030 and be Net Zero much before 2050. We have implemented Carbon Price to abate GHG emissions and invested in various Sustainability projects like increasing Renewable Energy sources, improving energy efficiency, implementing Environmental Management Systems, and investing in LEED and Green Building Certifications.
Tech Mahindra is co-creating solutions with partners and customers to increase energy savings, digitize and automate operations and create collaborative work environments addressing the need for sustainable practices. This includes solutions like Greenfield Smart city solutions, Micro Grid as a Service, Smart Energy Management, Smart metering and analytics and IoT enabled Vehicle Charging System.