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PRESS RELEASE
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TCS ranked in the 90th percentile, as rated by S&P Dow Jones and RobecoSAM
Mumbai, September 30, 2013: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, today, announced further global recognition of its corporate sustainability practices, being ranked in the 90th percentile of the 2013 Dow Jones Sustainability World Index (DJSI World). The DJSI analyses the top 10% of global organizations leading the field in sustainability, specifically assessing their economic, environmental and social business performance.
“DJSI is an internationally recognized indicator of sustainability for all stakeholders. TCS’ inclusion in the DJSI highlights our company’s commitment toward sustainability,” said Dr. Joy Deshmukh Ranadive, Global Head, Corporate Social Responsibility, TCS.
Established in 1999, as the first ever family of global sustainability benchmarks, the Dow Jones Sustainability Indices (DJSI) have become a reference point in Sustainability Investing. Launched jointly between S&P Dow Jones Indices and RobecoSAM, DJSI World tracks the performance of the top 10% of the 2500 largest companies in the S&P Global Broad Market IndexSMthat lead the field in terms of sustainability. These 2500 companies represent the eligible universe for the DJSI World and are assessed using the Corporate Sustainability Assessment on an annual basis.
“Sustainability is the cornerstone of business culture in TCS. We are delighted to receive this global recognition from DJSI,”said Ajoy Mukherjee, Global Head and VP, Human Resources, TCS.
The DJSI annual review is based on a thorough analysis of corporate economic, environmental and social performance. The review assesses issues such as corporate governance, risk management, branding, climate-change mitigation, supply chain standards and labor practices. It accounts for general as well as industry-specific sustainability criteria for each of the 57 sectors defined according to the Industry Classification Benchmark.
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 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions 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 615,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023, and is listed on the BSE and the NSE 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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