has been ranked as the Global IT Leader in the S&P Dow Jones Sustainability Indices (DJSI) 2021, one of the world’s most renowned indices for ESG (Environmental, Social & Governance). The company has been ranked 1st among the top IT companies of the world in the “TSV IT services & Internet Software and Services” segment. It is one among five Indian companies to be included in the DSJI World Index, and one among 15 Indian companies in the emerging markets category.
Sandeep Chandna, Chief Sustainability Officer, Chief Customer Officer, Tech Mahindra, said, “We, at Tech Mahindra, have made sustainability the fulcrum of all our activities. Our journey towards sustainability started more than a decade and half ago. We were amongst the few organisations that prioritised ESG at an early stage and recognised the importance of business profitability with sustainability. The leadership position in the DJSI world index is a testament to our commitment towards sustainable practices and principles. As a company with purpose, not only have we stressed upon the environmental aspects of ESG, but have also given due importance to the Social & Governance factors. We believe that with ESG principles built into our core strategy, we can mitigate risks and drive profitable growth while creating a positive societal impact.”
S&P Dow Jones Indices (DJI) is the gold standard for corporate sustainability and the first global index to track sustainability efforts among corporates, pioneering series of global sustainability benchmarks.
Manjit Jus, Global Head of ESG Research and Data, S&P Global, said “We congratulate Tech Mahindra for being included in the Dow Jones Sustainability Index (DJSI) in both DJSI World and DJSI Emerging Markets categories. A DJSI distinction is a reflection of being a sustainability leader in your industry. The record number of companies participating in the 2021 S&P Global Corporate Sustainability Assessment is testament to the growing movement for ESG disclosure and transparency.”
Tech Mahindra has taken medium-term and long-term targets approved by SBTi (Science Based target Initiative) and is a signatory to Business Ambition 1.5 degree Celsius. It aims to be carbon neutral by 2030 and be Net Zero much before 2050. It is also co-creating solutions with partners and customers to increase energy savings, digitize and automate operations and create collaborative work environments addressing the need for sustainable practices. This includes solutions like Greenfield Smart city solutions, Micro Grid as a Service, Smart Energy Management, Smart metering and analytics and IoT enabled Vehicle Charging System.
The DJSI World applies a transparent, rules-based constituent selection process based on the companies’ S&P Global ESG Score resulting from the annual S&P Global Corporate Sustainability Assessment (CSA). This year, more than 10,000 publicly traded companies were invited to participate in the S&P Global CSA.