Wipro Joins World Economic Forum Initiative to Advance Racial Justice and Social Equality
March 03 2021 - 12:46AM
Business Wire
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced that it has joined the
‘Partnering for Racial Justice in Business initiative’ launched by
the World Economic Forum to promote a culture of diversity,
inclusion, equity and justice for people of all racial backgrounds
in the workplace.
The initiative is aimed towards driving action and
accountability for companies to confront racism at a systemic
level, set new global standards for racial justice in business and
accomplish necessary policy changes for inclusion and advancement
of professionals with under-represented racial and ethnic
identities.
Thierry Delaporte, Chief Executive Officer and Managing
Director, Wipro Limited said, “As a global brand that
influences millions of lives across the world, it is our
responsibility to accelerate every attempt towards equity and
justice. Wipro is glad to join this important initiative. We will
do everything we can to help us all rise up and, together, strive
for racial justice. Wipro seeks to access as many different
resources as possible, to learn from them, and introduce inclusive
practices into our hiring, retention and employee growth approach.
Without a doubt, we must be inclusive in our hiring process, create
new platforms to engage with employees and alleviate existing
racial tensions, encourage racial empathy, and cultivate a fully
inclusive and welcoming workplace. We want to ensure legal
protection to end discrimination. By joining the Forum’s Partnering
for Racial Justice in Business initiative, we hope to
cross-pollinate ideas with fellow industry leaders who are
philosophically aligned with this belief, and accordingly help
develop a set of industry standards and best practices.”
“With just 1% of Fortune 500 companies led by Black chief
executives, the need to tackle racial under-representation in
business is urgent and obvious. To design racially and ethnically
just workplaces, companies must confront racism at a systemic
level, addressing not just the structural and social mechanics of
their own organizations, but also the role they play in their
communities and the economy at large. The Partnering for Racial
Justice in Business initiative provides an effective platform for
businesses to take individual and collective action towards
racially and ethnically just workplaces,” said Saadia Zahidi,
Managing Director at the World Economic Forum.
About Wipro Limited Wipro Limited (NYSE: WIT, BSE:
507685, NSE: WIPRO) is a leading global information technology,
consulting and business process services company. We harness the
power of cognitive computing, hyper-automation, robotics, cloud,
analytics and emerging technologies to help our clients adapt to
the digital world and make them successful. A company recognized
globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we
have over 180,000 dedicated employees serving clients across six
continents. Together, we discover ideas and connect the dots to
build a better and a bold new future.
Forward-looking and Cautionary Statements 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. The conditions caused by the COVID-19
pandemic could decrease technology spending, adversely affect
demand for our products, affect the rate of customer spending and
could adversely affect our customers’ ability or willingness to
purchase our offerings, delay prospective customers’ purchasing
decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or
delay the provisioning of our offerings, all of which could
adversely affect our future sales, operating results and overall
financial performance. Our operations may also be negatively
affected by a range of external factors related to the COVID-19
pandemic that are not within our control.
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.
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Media Contact: Shraboni Banerjee Wipro Limited
Shraboni.banerjee@wipro.com
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