New York, USA and Bangalore, India – April 22, 2021: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced its commitment to achieving Net-Zero Greenhouse Gas (GHG) emissions by 2040 in line with the objective of the Paris Agreement to cap temperature rise to 1.5°C.
Wipro, while unveiling its pledge on Earth Day, also set an intermediate target of a 55 per cent reduction in GHG emissions by 2030 in absolute emission levels compared to its base year of 2016-17 (April-March).
These targets are based on the globally accepted Science Based Targets initiative (SBTi) and reflect the deep decarbonization and operational changes Wipro will drive within its value chain to achieve Net-Zero within 2040.
Wipro will also defer offsets until the target year, underscoring its values-driven strategy and approach. The primary levers of decarbonization drive are:
(i) Improving the energy efficiency of facilities for a sustained reduction in energy consumption.
(ii) Increasing use of renewable energy in owned facilities in India through private power purchase agreements and captive solar power.
(iii) Combining behavioral, technological, and collaborative approaches that help reduce the carbon footprint of air travel, commuting and purchased goods and services.
Over the last two decades, Wipro has steadily reduced its energy, water, waste footprint, and bio-diversity impact and remains steadfast in its commitment to a more sustainable, just and equitable society.
Wipro has always taken pride in being a responsible citizen of the world by engaging with its key stakeholders like customers, partners, vendors, employees and investors and by being an involved participant in finding solutions for important ecological and social issues in our communities and civil society.
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