Tata Consultancy Services rated Level A+ for its Sustainability Report by GRI
Mumbai, India, May 20, 2010: Tata Consultancy Services (BSE: TCS.BO, NSE: TCS.NS), the leading IT services, business solutions and outsourcing firm today announced that it has been rated Level A+ by GRI for its Corporate Sustainability Report. The report summarizes TCS' initiatives for the betterment of society, communities, and the environment during the financial year April 2008-March 2009.
The Global Reporting Initiative (GRI) framework serves as a generally accepted framework for reporting on an organization’s economic, environmental, and social performance. It is designed for use by organizations of any size, sector, or location. The TCS Sustainability report has been externally assured by KPMG Advisory Services.
“TCS strives to achieve the highest levels of ethics, good governance and respect for the individual. We also continue to place strong emphasis on societal needs and in recent years have addressed environmental and climate change issues with increased significance. The 2008-09 Sustainability Report is a good indicator on the progress we have made and the journey ahead on the various goals.” said Ajoy Mukherjee, Head Global HR.
The report focuses on TCS’ global operations, and on significant economic, environmental and social factors that impact the way TCS does business, including its relationships with key stakeholders. The Sustainability Reporting Guidelines of GRI are used to illustrate TCS’ progress and performance in Corporate Sustainability activities. Some of the key highlights of the report are:
- Achieved 15.6% decrease in consumption of electricity in terms of kilowatts per person per month
- Achieved 42.5% decrease in paper consumption
- Ensured 100% environment friendly disposal of e-waste
- The Computer-based Functional Literacy (CBFL) program has served over 1,20,000 learners in pilot studies all over India
- TCS’ workforce is one of the most diverse amongst Indian IT companies, with an international workforce comprising 67 different nationalities. Women make up 30% of the workforce.
- TCS enjoys the lowest attrition rates in the IT Services industry
The complete report is available on our website www.tcs.com.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 160,000 of the world's best trained IT consultants in 42 countries. The Company generated consolidated revenues of over US $6.3 billion for fiscal year ended 31 March 2010 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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