Infosys cuts carbon emissions by 46% in FY21, WFH played a significant role
Bengaluru-based IT giant, Infosys has released its ESG Report 2020-21. Further to the launch of the Infosys ESG Vision and Goals 2030, the ESG report presents efforts made and progress achieved by the company in delivering on its commitments.
In the report, Infosys revealed that it managed to cut carbon emissions by nearly 46 per cent in FY21. The company primarily did so through the successful enablement of work-from-home (WFH).
In a statement, Infosys said to Media “Enabling work from home effectively has helped bring down our overall Scope 1, 2, and 3 emissions by about 46% while paving the way for a hybrid workplace of the future. With most employees working from home, we moved towards a revenue-based intensity tracking for our environmental KPIs (key performance indicators) as opposed to the conventional employee-based intensity,”
Infosys added that 96.5% of its employees were working remotely from 2020. The company remained carbon neutral in FY21, after having achieved the same in the previous year as well.
The company’s total carbon emissions for FY21 stood at 290,865 tonnes, out of that 41.4% came from capital goods, 23.5% from global energy consumption, and 22.1% from work-from-home.
“In FY21, 50% of its electricity consumption was from renewable energy sources, up from 44% in its previous sustainability report. To date, we invested in 60 MW of solar photovoltaic (PV) capacity,” Infosys chief executive Salil Parekh said on ESG report.
Infosys first achieved carbon neutral status in 2020, 30 years before the 2050 timeline set by the Paris Agreement for doing so.
“More recently, we also formed an ESG Committee of the board to guide the board in discharging its oversight responsibility on matters related to organization-wide ESG initiatives, priorities, and best practices,” Parekh added.
