HCLTech Receives Top Global Recognitions for its ESG Performance
HCLTech, one of the world’s leading technology companies, has announced that its strong environmental, social and governance (ESG) performance has been recognized by world-renowned research and rating agencies. These ratings highlight the significant progress HCLTech has made in realizing its corporate sustainability vision.
MSCI ranked HCLTech as his ESG “Leader” in the software and services industry. The MSCI ESG Ratings ranked 8,500 companies on their exposure to industry-related ESG risks and their ability to manage those risks relative to their peers. Ratings range from the leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC). This year, HCLTech was recognized as a leader with an ‘AA’ rating, a significant improvement from last year’s ‘A’ rating.
The highly anticipated S&P Global Sustainability Yearbook 2023 has recognized HCLTech as an ‘Industry Mover’. The yearbook lists leading companies that have demonstrated sustainable business practices in their operations. The rating is based on S&P’s rigorous corporate sustainability rating framework. For the 2023 edition, more than 7,800 companies in 61 industries were analyzed by S&P. HCLTech is also included in Sustainalytics’ 2023 list of the Software and Services Industry Segment and Asia Pacific’s Highest Rated ESG Companies. HCLTech was ranked in the ‘Low Risk’ category based on ESG performance in Sustainalytics’ evaluation of his 15,000+ companies worldwide.
“Sustainability is at the core of HCLTech’s business strategy and we are committed to supercharging progress for clients, our people, communities and the planet. These recognitions are a strong endorsement of our sustainability agenda and the execution strategy of our teams,”
C Vijayakumar, CEO & Managing Director, HCLTech.
HCLTech’s sustainability strategy is based on three guiding principles:
- ACT: Act in the most responsible and sustainable manner and ensure every resource is used efficiently to maximize value
- PACT: Work for a sustainable future, in collaboration with our clients, partners, communities, and all stakeholders
- IMPACT: Focus on creating a sustainable impact through all initiatives and activities
HCLTech aims to achieve a net zero emissions target by 2040 and reduce absolute Scope 1 and Scope 2 emissions by 50% by 2030. The company also aims to replace 80% of its electricity with renewable energy by 2030. Last year, the company launched a Sustainability School that provides a learning series on climate change to more than 222,000 employees.
The company has made proven strides in its sustainability efforts, providing technology-driven and sustainable solutions to its customers, and making intentional contributions to its communities, making a positive impact on people and the planet. increase.
