Wipro Ltd, Infosys Ltd and Tech Mahindra are ranked among the top 20 companies in Asia on corporate sustainability in 2016. 15 Indian companies are among the top 100.
The Channel NewsAsia Sustainability Ranking identifies leading firms in corporate sustainability across ten key Asian economies. The index lists the Top 100 companies with the highest sustainability performance. It also highlights the overall Top 20 companies, and the Top 3 businesses per economy. Territories covered are China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
Channel NewsAsia is an English language Asian television news channel, reporting on global developments, with Asian perspectives, and viewed across 26 Asian territories.
To produce the 2016 Channel NewsAsia Sustainability Ranking, CSR Asia and Channel NewsAsia partnered with leading ESG and corporate governance research provider, Sustainalytics, to assess each company’s environmental, social and governance (ESG) performance.
The companies featured among the Top 100 were selected on the basis of their performance across a broad range of ESG indicators tracked in Sustainalytics’ client interface portal, Global Access. These companies rank at the top of their respective industries in their region, in areas such as environmental initiatives, impact on local communities, treatment of employees and supply-chain management.
The Sustainability Ranking is based on available disclosure as of July 2016. Covering a diverse set of industries, the Top 100 companies must demonstrate strong public disclosure on company-wide ESG management and performance. Sustainalytics assesses the breadth and quality of a company’s ESG disclosure, in part, by its level of involvement in key transparency initiatives such as the Global Reporting Initiative (GRI) and the Carbon Disclosure Project (CDP).
Wipro acknowledges the implications of climate change and has identified various risks and opportunities that have the potential to have a material impact on its business in light of both regulatory developments and physical impacts of climate change. Its five year GHG mitigation strategy includes targets to reduce the energy intensity of its operations as well as implementation of mitigation programs including energy efficiency initiatives, renewable energy generation and procurement. Wipro commits to doubling its renewable energy procurement by 2020 with 20% of its operations in India being powered by renewable energy sources, a leading industry practice during FY2015.
Infosys Ltd., India, Technology
Infosys’ data centres account for the bulk of the company’s electricity consumption. Acknowledging the importance of managing its energy use and related GHG emissions, the company has set a target to reduce its carbon footprint by 50% by FY2018 and is increasing its use of renewable energy to meet this goal, with more than 26% of its FY2016 electricity demand being met using renewable sources. Infosys has also been proactive in retrofitting older facilities in order to lower energy consumption and reports that such retrofits have a payback period of under three years and are expected to result in an energy optimization of nearly 30%.
Tech Mahindra Limited, India, Technology
Tech Mahindra has certain services such as SMART cities solutions, mobility, cloud based solutions, Micro Grid and Energy management services that help its customers manage their environmental and social impacts. These SMART Solutions are implemented in the areas such as Parking, Garbage and Building Energy Management and have the potential to cause up to 30% reduction in GHG emissions. With Indian government looking to create multiple smart cities across the country over the next decade, Tech Mahindra seems well placed to capitalize on opportunities arising from this regulatory push.
Mahindra Lifespace Developers Limited (MLDL) moved up to 28 on this year’s list, up 28 places from last year’s rank of 56, and was acknowledged for its performance in the areas of product sustainability and human capital development, among other factors. In 2016, Mahindra Lifespaces was also ranked No. 2 in Asia in the Diversified/Listed category of real estate companies, in the Global Real Estate Sustainability Benchmarking (GRESB) report. GRESB is a Netherlands headquartered, industry-driven organisation committed to assessing the sustainability performance of real estate portfolios around the globe.
Indian companies in Top 100 companies of the world
|13||Tech Mahindra Limited||Technology|
|22||Tata Consultancy Services Limited||Technology|
|28||Mahindra Lifespace Developers Ltd.||Real Estate|
|33||Larsen & Toubro Ltd.||Industrials|
|36||HCL Technologies Ltd.||Technology|
|47||ABB India Limited||Industrials|
|54||Tata Chemicals Ltd.||Materials|
|59||Hindustan Unilever Ltd.||Household & Personal Products|
|62||Mahindra & Mahindra Ltd.||Transportation & Logistics|
|64||YES BANK Limited||Financials|
|69||GlaxoSmithKline Pharmaceuticals Ltd. (India)||Health Care|
|86||Hindustan Zinc Ltd.||Materials|