Infosys tops CRISIL’s ESG Scores for the Second Consecutive Year
Bengaluru: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has topped CRISIL’s ESG scores in their latest report ‘CRISIL Sustainability Yearbook, 2022’ for the second consecutive year. The yearbook positioned Infosys in the Leadership category with an overall score of 76 on 100 (the score was assigned on a scale of 1-100, with 100 denoting best-in-class ESG performance). Infosys has scored 81 on environmental parameters and 62 and 80 on social and governance parameters, respectively.
The study evaluated 586 companies across 53 sectors in India based on information for three years (up to and including fiscal 2021) of publicly available ESG information considering both quantitative and qualitative disclosures of companies. The parameters on which the companies were evaluated were as follows:
Environmental – GHG (Greenhouse Gas) emissions, energy use, waste and pollution, water use, and land use
Social – Workforce and diversity, occupation/product safety, customer and vendor engagement, ease of access and reach, and communities and society
Governance – Board performance and independence, ownership concentration, management track record, shareholder relations, and disclosure practices/statements
Nilanjan Roy, Chief Financial Officer, Infosys, said, “We are extremely proud to top CRISIL’s ESG scores and be placed in the ‘Leadership category’ in CRISIL’s Sustainability Yearbook 2022. We believe the recognition serves to strengthen our unwavering focus on exemplary responsiveness and governance when it comes to serving shared ecological and societal needs. As ESG becomes more mainstream, we will continue to work with various industry bodies, regulators, and stakeholders to develop a values-driven approach to effectively tackling climate risk in line with our ESG Vision 2030.”
Infosys has a well-established corporate sustainability program and has achieved many milestones across E, S, and G over the last decade:
Carbon neutrality across Scope 1, 2 and 3 emissions. Reduced Scope 1 and 2 Greenhouse Gas emissions by 48.9 percent over the Business-as-usual (BAU) scenario, making progress towards the ESG goal of 75% over BAU scenario by 2030
Reduced absolute Scope 3 emissions by 78.5 percent over the 2020 baseline.
Reached 4.8 million people through our digital skilling initiatives in fiscal 2022 and over 80 million lives enabled via tech for good programs in e-governance, healthcare, and education
Nurturing an inclusive and gender-diverse workforce currently comprising 39.6 percent women and 25 percent of women on the Board
Infosys continues to adopt leading data privacy and information security standards, and ESG assessments both in India and globally
This assessment was made voluntarily by CRISIL, and there is no relationship between Infosys and CRISIL.
CRISIL is India’s foremost provider of ratings, data, research, analytics, and solutions.
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