Climate Change Data

Mastek Limited

Climate Impact & Sustainability Data (2021-22, 2023-24)

Reporting Period: 2021-22

Environmental Metrics

Total Carbon Emissions:49.7 MT CO2e prevented
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,075,785 KWH
Water Consumption:18,519 KL
Waste Generated:6.3 MT (e-waste), 4.3 MT (food & general waste)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Impact
  • Social Impact
  • Governance

Environmental Achievements

  • Reduced energy consumption through implementation of energy efficient systems
  • Optimum utilisation of natural resources like water and fuel
  • Reduced consumption of paper, food waste and plastic
  • Adopting eco-friendly refrigerants for air-conditioning systems
  • Electricity saved in FY22 (global): 1,075,785 KWH units
  • 49.7 MT CO2e Emissions prevented
  • 18 metric tons of e-waste disposed through government authorised vendor for recycling

Social Achievements

  • 44,517 Beneficiaries of CSR projects
  • `73.1 LAKHS Expenditure on people skill development
  • `3.0 CR CSR spent (Global)
  • 15 No. of projects
  • Inspired Musical Fundraiser 2022 raised ` 1,32,30,600

Governance Achievements

  • 4 Independent Directors on the Board
  • 95% Average attendance rate at Board meetings
  • Robust governance structure, oversight and responsible business conduct

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by FY40
  • Achieve 25% SROI (Social Return on Investment)
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Achieve gender diversity at 40% by FY26
  • Touch a million lives through CSR programmes by FY26

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Declaration from vendors/suppliers on their sustainability initiatives during vendor on boarding activity

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 14001:2015, ISO 18001:2018 OHSAS

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023-24

Environmental Metrics

Total Carbon Emissions:Not calculated for Mastek Limited offices as on date
Renewable Energy Share:0%
Total Energy Consumption:4,07,26,44,000 KJ (FY24); 5,36,03,85,600 KJ (FY23)
Water Consumption:17,247 kilolitres (FY24); 17,149 kilolitres (FY23)
Waste Generated:7.67 metric tonnes (FY24); 5.1 metric tonnes (FY23)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Significant reductions achieved in electricity consumption, total GHG emissions, and water usage.
  • UK office is committed to being Net Zero by 2035 and is already offsetting 100% of carbon emissions in the UK as of December 2023.
  • India offices are accredited with ISO 14001 and ISO 45001.

Social Achievements

  • Mastek Foundation touched the lives of 133,060 beneficiaries, supported 250 animals and birds, and partnered with 16 charities across five states in India in FY24.
  • 100% of permanent employees returned to work after parental leave.
  • Various initiatives for employee well-being, including health and safety trainings, doctor consultation sessions, and employee surveys.

Governance Achievements

  • Zero data breaches.
  • Consistently creates high shareholder value.
  • Subsidiary boards are empowered and include local independent directors.

Climate Goals & Targets

Medium-term Goals:
  • Achieve Net-Zero Emissions by 2030
  • Touch a million lives through CSR programmes by FY28
  • Achieve 25% SROI (Social Return on Investment) by FY27

Environmental Challenges

  • Aged building risk in some offices posing health and safety risks.
  • Skill availability and retention challenges in a growing market.
  • Cyber security and privacy incidents due to remote work.
  • Energy and emissions management, including regulatory changes and stakeholder expectations.
  • Climate change poses significant long-term risks.
Mitigation Strategies
  • Analyzing unsafe areas, monitoring movement, institutionalizing multiple exit paths, and developing response strategies for aged buildings.
  • Evolving ways to engage and upskill employees in emerging technologies.
  • Maintaining systems and processes to reduce cyber security threats, applying Zero Trust Security framework, and complying with ISO 27001, SSAE 18 SOC 1 and SOC 2.
  • Transitioning to renewable energy sources, implementing energy-efficient technologies, and collaborating with suppliers to achieve sustainability goals.
  • Adopting targets to achieve net-zero carbon reduction compliance in the next few years.

Supply Chain Management

Responsible Procurement
  • Sustainability checklist for onboarding vendors

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: UN Global Compact, UN Sustainable Development Goals (UNSDG), ILO Declaration on Fundamental Principles and Rights at Work, UN Guiding Principles on Business and Human Rights, Principles of Corporate Governance

Certifications: ISO 9001, OHSAS 18001:2007, ISO 14001, ISO 27001, ISO 45001, ISO 20000, SSAE 18 SOC 1 and SOC 2

UN Sustainable Development Goals

  • SDG 1
  • SDG 2
  • SDG 3
  • SDG 4
  • SDG 5
  • SDG 6
  • SDG 7
  • SDG 8
  • SDG 10
  • SDG 11
  • SDG 12
  • SDG 13

The company's initiatives are aligned with these SDGs.