Tata Consultancy Companies targets to realize internet zero emissions by 2030
Tata Consultancy Services (TCS) announced on Thursday plans to reduce its absolute greenhouse gas emissions by 70 percent by 2025 (from base year 2016) and to achieve net zero emissions by 2030.
The company set the new CO2 reduction target after prematurely achieving the previous target of halving its specific CO2 footprint by 2020 (compared to the base year 2008).
In FY 2021, the specific CO2 footprint of TCS in Scope 1 and Scope 2 was 61.6 percent lower than in the same year of 2008.
NG Subramaniam, COO and Executive Director, said in order to curb emissions and limit global warming to well below 2, preferably 1.5 degrees Celsius compared to pre-industrial levels, all companies must rethink existing business models and seek sustainable growth.
“We are in a unique position to combine our purpose-driven worldview with digital innovation to not only advance our own sustainability, but also to work with customers, civil society and governments to lead and shape solutions for a sustainable future,” said he.
TCS said it will continue its water conservation and waste management efforts through reduction and recycling initiatives. All locations ensure that there is no biodegradable waste in landfills and no water discharge.
The company has also eliminated the use of single-use plastics across campus and ensured the recycling of all recyclable plastic waste.
With over 4.8 lakh employees in 46 countries, TCS generated consolidated sales of $ 22.2 billion for the fiscal year ended March 31.
(Only the headline and image of this report may have been revised by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)
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