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MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI
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MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI CORPORATE
SUSTAINABILITY ASSESSMENT ANNUAL REVIEW 2021

Posted By educratsweb.com ❄ News 🗓 Wednesday December 15 2021 👁 12

Mphasis moves up from 37th to 69th percentile in S&P Global’s DJSI Corporate
Sustainability Assessment Annual Review 2021

Mphasis commits to reduction of energy consumption by 5% and carbon footprint by
1%

 

Mumbai, December 13, 2021:

 

Mphasis (BSE: 526299; NSE: MPHASIS), an information technology (IT) solutions
provider specializing in cloud and cognitive services, has moved up from the
37th to 69th  percentile y-o-y, in the S&P Global’s Dow Jones Sustainability
Indices (DJSI) Corporate Sustainability Assessment (CSA) Annual Review 2021.
Mphasis received a score of 47 out of 100 points which showed major improvement
across all areas – Environment (60th percentile), Social (77th percentile) and
Governance (16th to 73rd percentile). The company scored high in the Corporate
Governance areas of Code of Business Conduct, Privacy Protection Practices,
Board Diversity, and Identification of Emerging Risks. Human Capital Development
and Talent Retention are categories under social performance that scored high.
Mphasis’ Climate Change Strategy as well as Management of Scope - Greenhouse Gas
have also scored well under Environment related performance criteria.

 

With the disruption caused by the global pandemic, the urgent need for climate
action as well as the increased focus on moving towards an equitable society,
the company recognizes its role as a leading technology partner and its
responsibility in contributing to solutions that address these concerns. While
Mphasis has always been conscious of its social responsibility, the company is
now actively undertaking steps to shift “left” – to integrate sustainability
into all aspects of operations and fulfil its commitment to the community at
large. In its maiden year of achieving materiality in ESG reportage (for FY
2021), Mphasis has released disclosed interventions in alignment with the Global
Reporting Initiative (GRI) Standards (in accordance with the Core option). The
organization has also mapped its efforts across the UN Global Compact Principles
as well as the UN Sustainable Development Goals 2030 in the ESG report.

“The past year highlighted beyond all doubt the importance of making your
business resilient, in order to weather any storms that come your way. In
building this tenacity, sustainability and social responsibility have always
been the foundation for Mphasis. As a leading technology partner, we ensure that
all our efforts are aligned towards giving back to the community, and driving
disruption sustainably. All our efforts are underpinned by a four-fold approach
aimed at reducing our environmental footprint, building sustainable supply
chains, inculcating a diverse and inclusive professional culture and adhering to
the highest standards of ethical governance as well as leveraging the power of
technology for solving societal challenges.” said Nitin Rakesh, CEO at Mphasis.

 

Mphasis’ key ESG achievements of FY 2021 are:

· Mphasis has about 34% representation of women across our workforce and were
ranked amongst the top 100 best private companies for women to work in India

· The organization spent about INR 268.9 million on 16 social and community
projects and are supporting for over 25 start-ups developing tech solutions to
address societal challenges

· They also support 3 technology focused partnerships across universities and
institutions in India

· The company has been recycling 100% of wastewater across locations in India

· Mphasis accelerated efforts to phase out ozone depleting pollutants and
invested in solar plants to help reduce carbon footprint

 

Being a technology company; Mphasis’ carbon footprint is much lower, compared to
other industries. However, the company recognizes the urgent need for climate
action and therefore has built a range of policies and initiatives to address
climate change and global warming. The company also recognizes its obligation to
the natural world and is committed to reducing the environmental effects of its
operations. Being early adopters of renewable energy, Mphasis has set a
year-on-year target for the reduction of energy consumption by 5% and carbon
footprint by 1%.

 

In addition to the DJSI ranking, Mphasis has secured an overall ESG score of 59 
in  CRISIL ESG Gauge ranking and is among the only 11 IT companies that made it
to the ranking based on their Environment, Social and Governance performance.
Mphasis scored 46 on Environment, 54 on Social and 73 on Governance parameters.


Mphasis moves up from 37th to 69th percentile in S&P Global’s DJSI Corporate
Sustainability Assessment Annual Review 2021




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MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI
CORPORATE SUSTAINABILITY ASSESSMENT ANNUAL REVIEW 2021 MPHASIS MOVES UP FROM
37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI CORPORATE SUSTAINABILITY
ASSESSMENT ANNUAL REVIEW 2021 MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN
S&P GLOBAL’S DJSI CORPORATE SUSTAINABILITY ASSESSMENT ANNUAL REVIEW 2021
MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI
CORPORATE SUSTAINABILITY ASSESSMENT ANNUAL REVIEW 2021 MPHASIS MOVES UP FROM
37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI CORPORATE SUSTAINABILITY
ASSESSMENT ANNUAL REVIEW 2021 MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN
S&P GLOBAL’S DJSI CORPORATE SUSTAINABILITY ASSESSMENT ANNUAL REVIEW 2021
MPHASIS MOVES UP FROM 37TH TO 69TH PERCENTILE IN S&P GLOBAL’S DJSI
CORPORATE SUSTAINABILITY ASSESSMENT ANNUAL REVIEW 2021


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