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Awarded “best-in-class” scores for manufacturing plant energy systems and residential smart meters
London | Mumbai, March 28, 2013: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions firm, announced that it has been positioned as a Leader in Sustainable Technology Services by specialist energy, environment and sustainability analyst firm Verdantix.
According to Verdantix’s report, Green Quadrant: Sustainable Technology Services (Global), 2013, TCS is ranked as a Leader as a result of the company’s expertise in manufacturing plant energy systems, renewable energy systems, residential smart meters and data center energy management.
TCS has invested significantly to build on its strong track record in corporate sustainability. The company has created a dedicated sustainability practice, and during the last 12 months has also enhanced its energy management and environmental capabilities in numerous specialist areas. In recognition of this, Verdantix has awarded TCS with “best-in-class” scores for manufacturing plant energy systems and residential smart meters.
"We see great potential in TCS’ service portfolio. In just two years, they have grown remarkably to emerge among those in the leaders quadrant this year. While TCS received two “best-in-class” scores for their manufacturing plant energy solutions, they also have significant growth potential in real estate energy management and environmental management systems, which suggests that TCS should continue to be a leading sustainability service provider over both the near and long term,” commented Phil Sayer, Principal Analyst, Verdanix.
In assessing TCS’ specific capability in sustainable technology services, the report states: “TCS demonstrates strength in multiple energy management capabilities. TCS achieved a ‘best- in- class’ score for its advisory expertise in two of the criteria in the capabilities section, for manufacturing plant energy systems and residential smart meters. TCS positions its data centre energy management offering under its IT infrastructure transformational framework ‘iTransform’ and has been gaining momentum in marketing these across the US, Europe and India. It also has considerable expertise in renewable energy systems.”
“To be named as a Global Leader is indeed recognition of our efforts in enabling customers drive sustainable growth through innovative services while de-coupling TCS’ own business growth from environmental impact,” said Lakshminarasimhan Srinivasan, Global Head, TCS’ Eco-sustainability Services.
The Green Quadrant: Sustainable Technology Services (Global), 2013 report is based on a benchmarking study of 16 largest global technology service providers, validated by interviews with 15 buyers representing firms with combined revenues of $183 billion. The supplier benchmark covers capabilities for the design and implementation of IT systems for the energy management of buildings, data centers, manufacturing plants, renewable energy, smart meters and utility grids, as well as IT systems for environmental management such as water and climate change.
Eco-sustainability Services is a strategic business unit of Tata Consultancy Services. We help organizations integrate sustainability into their business strategies to drive growth and innovation, profitability and brand reputation. We facilitate sustainability across the value chain, all the way from driving operational sustainability in the areas of energy, water, waste, and carbon, to supply chain and product-based sustainability. With our thought leadership in this space, ability to innovate and co-create solutions, rich sustainability and industry domain expertise, and an established partnership ecosystem to provide end-to-end solutions, we help our customers find new opportunities and revenue streams, and thus gain a competitive edge. To learn more about us, email us at eco.offerings@tcs.com.
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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