Tata Consultancy Services’ Zero Carbon Emission Solution Will Be Used to Automate the Collection of Carbon-Related Data, which will Be Assessed and Certified for Accuracy by TÜV SÜD
SINGAPORE, December 6, 2022: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced that it has partnered with TÜV SÜD PSB, a wholly owned subsidiary of TÜV SÜD Group, to support companies in Asia Pacific in their carbon management and reduction journeys and enable more organizations to meet their net zero goals and overall sustainability agenda with the TCS Zero Carbon Emission solution.
The partnership combines TÜV SÜD’s expertise in assessing corporate climate change mitigation strategies with TCS’ technology-led approach to help customers meet their carbon-related goals using its proprietary digital solution to manage ESG-related measurements – the Zero Carbon Emission solution. TCS will use this solution to help organizations set up an appropriate baseline and automate the collection of carbon-related data from internal and external sources such as vendors. The information collected will then be assessed and certified for reliability and accuracy by TÜV SÜD.
Speaking on the partnership, Ameet Nivsarkar, Country Head, TCS Singapore, said, “TCS is harnessing the immense power of data, analytics, and digital technologies to empower enterprises to lead with purpose as they strive to meet their sustainability goals. Our partnership with TÜV SÜD will deliver actionable insights to enterprises in the Asia Pacific region looking for complete visibility into their energy demand, consumption, carbon emissions, and carbon footprint, ultimately leading to a better planet and future.”
“With our expertise and longstanding experience in global climate change projects, we are pleased to work with TCS to support organisations in achieving their sustainability targets. With accurate and transparent disclosures, companies can adopt sustainability measures, better manage climate-related concerns, and facilitate sustainable decisions,” Richard Hong, CEO, TÜV SÜD ASEAN, concurred.
TCS offers a comprehensive suite of over 200 sustainability services and solutions addressing the environmental, social and governance (ESG) priorities of clients across different industry verticals. On the environmental front, TCS’ solutions help enterprises decarbonize their operations and create net-zero pathways, restore natural capital, and become responsible water stewards. It helps them embed circularity in their products and services, by helping design agile, resilient, and sustainable supply chains and promoting reuse, recapture, and recycling. TCS’ proprietary solutions include:
TCS Clever Energy™: Leverages IoT, AI, machine learning and digital twins to help organizations reduce energy consumption, decrease associated carbon emissions, and save energy costs in commercial and office buildings, retail stores, warehouses, and factories.
TCS Envirozone™: Powered by sustainability data ecosystems that helps organizations track and mitigate supplier-sourcing risks to aid procurement decisions for a sustainable supply chain. By helping organizations track key activities across 150 ESG key performance indicators, the solution transforms how organizations collect data to assess sustainability performance and mitigate risks from the supply chain.
TCS Intelligent Urban Exchange™: Helps cities and enterprises leverage data across organizations and their value chains to meet operational, sustainability, and resilience goals through intelligent vision and decision-making capabilities.
ESG Integration offering: Enables investment managers to procure non-financial data quickly and easily from leading data sources and set and track key performance criteria unique to their needs and evolving regulatory requirements. The offering leverages cloud-native analytics, artificial intelligence, and machine learning services and helps uncover new insights at sectoral, regional, and corporate levels, allowing users to create a portfolio of strong ESG performers.
TCS also helps clients accelerate their sustainability innovation, leveraging its ecosystem of partners from academia, start-ups, and technology providers. It works closely with customers at TCS Pace Ports, its network of co-innovation hubs spread across Amsterdam, New York, Pittsburgh, Toronto, and Tokyo, to ideate on their most pressing sustainability concerns, rapidly prototype the most promising solution candidates and build them. These solutions result in more sustainable operations, products and services, and even new revenue streams from innovative business models.
About Tata Consultancy Services (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.
A part of the Tata group, India's largest multinational business group, TCS has over 616,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com
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