TCS recognized for leading CSR practices
- Independent CSR advisory body awards TCS its top accolade for the third year running
- Achievement reflects TCS’ holistic approach to environmental sustainability, procurement and supplier policies and its commitment to the communities it operates in
PARIS | MUMBAI, September 21, 2016: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been awarded the Gold rating certificate by EcoVadis, a world-leading independent CSR Advisory firm. This is the third year in a row that TCS has received the top accolade and a reflection of the firm’s holistic approach to CSR across environmental sustainability, labor practices, business operations and responsible & sustainable procurement & supply chain processes.
Headquartered in Paris, EcoVadis is the first collaborative platform providing sustainability ratings and performance improvement tools for global supply chains. EcoVadis’ easy-to-use CSR scorecards help procurement teams to monitor supplier's environmental, social and ethical practices across 150 purchasing categories and 110 countries. Over 130 industry leaders use EcoVadis to reduce risk, drive innovation and foster transparency and trust among over 30,000 trading partners.
David McClintock, Marketing Director, EcoVadis, commented, “Achieving our highest gold rating is significant achievement and a reflection of TCS’ advanced CSR engagement, including a structured and proactive approach to sustainability, tangible actions around major CSR issues supported by detailed implementation information and transparent CSR reporting. With this ranking TCS sets a great example of sustainability leadership.”
Johan Bartholdson, Head, Corporate Sustainability & AIP, Europe, TCS said, “We have made a considerable investment in CSR across our business – from investing in skills to supporting the communities we operate in and making sure our supply chain and procurement procedures are ethical and sustainable. For instance, last year alone we were able to reduce our CO2 emissions by 6%. This is a long term commitment that runs from the top to the bottom of our business and we look forward to building on our efforts and expanding our reach in the communities we operate in. We’re an ambitious and growing business, but we’re equally committed to making a positive impact to the world around us.”
TCS’ achievements on sustainability and community engagement include reducing its carbon footprint by 43.3% since the base financial year of 2007-08, including a 6% decrease in CO2 emissions last year alone. And as part of the company’s ongoing commitment to the communities it operates in TCS has over 50 community initiatives in place which have engaged almost 1.2 million people globally.
As part of the EcoVadis evaluation, TCS was scored in the Computer Programming, Consultancy and Related Activities category and in achieving Gold certification was rated in the top 1% for environmental CSR activities and supplier practices and in the top 4% for labor policies. Overall TCS was among the top 2% across all measurement categories when measured against all suppliers and companies in its category.
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 362,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com
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