Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading
global information technology, consulting and business process
services company, today announced its commitment to achieving
Net-Zero Greenhouse Gas (GHG) emissions by 2040 in line with the
objective of the Paris Agreement to cap temperature rise to
1.5°C.
Wipro, while unveiling its pledge on Earth Day, also set an
intermediate target of a 55 percent reduction in GHG emissions by
2030 in absolute emission levels compared to its base year of
2016-17 (April-March).
These targets are based on the globally accepted Science Based
Targets initiative (SBTi) and reflect the deep decarbonization and
operational changes Wipro will drive within its value chain to
achieve Net-Zero within 2040.
Wipro will also defer offsets until the target year,
underscoring its values-driven strategy and approach. The primary
levers of decarbonization drive are:
(i)
Improving the energy efficiency of facilities for a sustained
reduction in energy consumption.
(ii)
Increasing use of renewable energy in owned facilities in India
through private power purchase agreements and captive solar
power.
(iii)
Combining behavioral, technological, and collaborative
approaches that help reduce the carbon footprint of air travel,
commuting and purchased goods and services.
Over the last two decades, Wipro has steadily reduced its
energy, water, waste footprint, and bio-diversity impact and
remains steadfast in its commitment to a more sustainable, just and
equitable society.
Wipro has always taken pride in being a responsible citizen of
the world by engaging with its key stakeholders like customers,
partners, vendors, employees and investors and by being an involved
participant in finding solutions for important ecological and
social issues in our communities and civil society.
Rishad Premji, Chairman, Wipro Limited said, “Climate
change is a defining challenge for humanity. Business must be at
the forefront to address it. Wipro’s climate change program goes
back nearly two decades, and our Net-Zero goal further reaffirms
our commitment. Our approach emphasizes the importance of not just
reaching that goal, but doing so in a way that is aligned with
Wipro’s core values of integrity and business responsibility.”
Thierry Delaporte, CEO and Managing Director, Wipro
Limited said, “Wipro has long since built ecological
sustainability into its operations, and ways of working. Today we
are committing to accelerate our actions to achieve net-zero, and
the deep decarbonization efforts required to get there. We believe
businesses like us have a significant role to play in achieving the
global Greenhouse Gas reduction targets.”
Wipro is committed to helping its customers realise their
Net-Zero goals by working collaboratively and leveraging its
technology and domain expertise in many areas of climate change
like GHG assessment, Climate and Net-Zero Strategy, and sourcing
and supply chain strategy, among others.
The company has made significant progress in shaping and
delivering “Green IT solutions” for high carbon-intensive sectors
like Energy & Utilities, Manufacturing, Transportation and
Consumer Goods. Helping customers exit their data centres, driving
virtualization and public cloud adoption, smart grids, waste
management, sustainable sourcing and packaging etc., are a few
examples of such solutions.
Wipro is among the nine founding members of the ‘Transform to
Net Zero (TONZ)’ coalition. Convened by Microsoft, the coalition
includes some of the world’s largest companies, representing
combined annual revenues of USD 500B and assets worth USD 800B.
Wipro and the TONZ Coalition is committed to minimizing climate
impact by helping members calibrate their Net-Zero goals and
strategy and developing best practice assets.
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 190,000
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 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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Purnima Burman Wipro Limited purnima.burman@wipro.com
Wipro (NYSE:WIT)
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