Climate Change Data

Coforge Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03, 2024)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:1493 tons of CO2 equivalent (Scope 1 & 2)
Scope 1 Emissions:543 Metric tonnes of CO2 equivalent
Scope 2 Emissions:9483 Metric tonnes of CO2 equivalent
Scope 3 Emissions:23,54 tons
Total Energy Consumption:47,588 Giga Joules
Water Consumption:111,545 kilolitres
Waste Generated:13.85 tons

ESG Focus Areas

  • Climate Change
  • Water Conservation
  • Waste Management
  • Talent & Education
  • Governance
  • Employee Health & Safety
  • Cyber Security
  • Diversity Equity & Inclusion
  • Community Development
  • Code of Ethics
  • Green IT
  • Supply Chain Sustainability

Environmental Achievements

  • LEED Platinum Green Building Certification for Coforge Greater Noida campus
  • Reduced carbon footprint through various initiatives (details not quantified)
  • Migrated from LPG to PNG connection, saving 10-15% on energy consumption
  • Converted employee transport fleet from diesel/petrol to CNG
  • Implemented sensor-based water taps and lighting systems
  • Recycled wastewater for horticulture and flushing

Social Achievements

  • Certified as 'Great Place to Work' and 'Best Workplaces for Women India' for the second consecutive year
  • Attrition rate of 14.1%, one of the lowest in the industry
  • Various CSR initiatives benefiting over 160,000 people
  • Employee wellbeing initiatives (details not quantified)
  • Bronze Award for Excellence in Employee Retention Strategy

Governance Achievements

  • Robust Code of Conduct and Whistle Blower Policy
  • Independent Board of Directors with diverse skills and expertise
  • Duly constituted Board Committees (Audit, Stakeholders’ Relationship, Nomination & Remuneration, CSR, Risk Management)
  • Compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Climate Goals & Targets

Medium-term Goals:
  • Carbon neutral by 2030
  • Water positive by 2030
  • Zero waste by 2030

Environmental Challenges

  • Global economic slowdown and recession in some markets
  • Supply-side constraints (though easing)
  • Climate change
  • Water conservation
  • Waste management
  • Cybersecurity threats
  • Employee health and safety
  • Governance and risk management
Mitigation Strategies
  • Focus on execution-led growth
  • Investments in leadership, capabilities, and execution
  • Strengthened partnerships with leading platform providers
  • Investments in emerging technologies (Web3, Metaverse, low-code/no-code)
  • Robust risk management framework
  • Implementation of safety protocols and access to healthcare resources
  • Robust cybersecurity measures and controls
  • Ethical and transparent business practices
  • Policies to prevent discrimination and foster inclusivity

Supply Chain Management

Responsible Procurement
  • Sustainable sourcing practices (17% of inputs sourced sustainably)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: Great Place to Work, Best Workplaces for Women India, LEED Platinum, ISO 14001:2015, ISO 45001:2018, CMMI Maturity Level Five, ISO 23001

UN Sustainable Development Goals

  • All 17 UN SDGs

Coforge's initiatives contribute to all 17 UN Sustainable Development Goals

Awards & Recognition

  • Great Place to Work
  • Best Workplaces for Women India
  • Best Use of AI in BFSI
  • ET Best Tech Brands 2022
  • Economic Times Employee Excellence 2022
  • Economic Times Iconic Brands
  • Leaders Award for ‘Best Learning Outcome 2022’
  • DevOps Project of the Year
  • Duck Creek Technologies 2022 Innovation Award
  • STPI IT Export Award 2021-22
  • First prize in Corporate Garden category at Noida Flower Show

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:9066 Metric tonnes of CO2 equivalent
Scope 1 Emissions:413 Metric tonnes of CO2 equivalent
Scope 2 Emissions:8688 Metric tonnes of CO2 equivalent
Scope 3 Emissions:5543 Metric tonnes of CO2 equivalent
Renewable Energy Share:10.5%
Total Energy Consumption:47938 GJ
Water Consumption:110385 KL
Waste Generated:24.1 Metric tonnes
Carbon Intensity:0.00000019 Metric tonnes of CO2 / INR

ESG Focus Areas

  • Education
  • Environment
  • Employee Well-being
  • Diversity, Equity & Inclusion
  • Community Development
  • Green IT
  • Supply Chain Sustainability
  • Governance

Environmental Achievements

  • Reduced WC flushing capacity from 9 liters to 6 liters per flush
  • Converted employee transport fleet from diesel/petrol to CNG in NCR locations
  • Utilized rooftop areas for solar energy generation (150KW)
  • Transitioned from LPG to PNG for cooking in in-house cafeterias
  • Reduced single-use plastic
  • Processed food and horticulture waste for manure production
  • Disposed of e-waste through government-approved recyclers
  • Upgraded AC units to use environmentally friendly refrigerants
  • LEED Platinum certified campus

Social Achievements

  • Recognised as a “Great Place to Work” for the third consecutive year
  • Inaugurated The Coforge Public Library in Noida, India
  • Attrition decreased to 11.5%
  • Launched a large-scale AI-training program
  • Launched Coforge For All (DEI Academy)
  • Launched EmpowHER program for women employees
  • Conducted various awareness programs and workshops on POSH

Governance Achievements

  • Established anti-corruption training for all employees
  • Implemented a robust Code of Conduct to prohibit and monitor insider trading
  • Conducted pre-meetings of Audit Committee Chairperson with management officials

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Carbon Neutral by 2030
  • Water Positive by 2030
  • Zero Waste by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Resurgence of a pandemic
  • Customers’ technology spending fluctuations
  • Demand disruption due to AI and GenAI
  • Economic slowdowns
  • Resourcing risk
  • Cybersecurity risk
  • Changing immigration regulations
  • Loss of key employees
  • Reduced outsourcing budgets
  • Developing and expanding service offerings
  • Foreign exchange risk
Mitigation Strategies
  • Strategies to reduce carbon footprint, including renewable energy and carbon offset programs
  • Water conservation strategies, including water usage optimization and rainwater harvesting
  • Waste management strategy to reduce waste and recycle materials
  • Investing in talent and education, creating a diverse and inclusive workplace
  • Implementing ethical and transparent business practices and effective risk management
  • Implementing safety protocols and providing access to healthcare resources
  • Implementing robust security measures to protect against cyber threats
  • Promoting diversity, equity, and inclusion
  • Engaging in philanthropic initiatives and supporting local businesses

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement
  • Systematic vendor assessment approach including sustainability parameters

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: BRSR

Certifications: ISO 14001:2015, ISO 45001:2018, LEED Platinum

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Great Place to Work
  • ServiceNow 2024 Emerging Industry Partner of the Year
  • LEED Platinum

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:10% by 2025; 50% by 2040 (target)
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Waste Management
  • Water Management

Environmental Achievements

  • Not disclosed

Social Achievements

  • Environmental awareness training and education for employees

Governance Achievements

  • Established an ESG Committee to review and update the Environmental Sustainability Policy

Climate Goals & Targets

Long-term Goals:
  • Carbon Neutral in operations by 2040; Zero Waste by 2040; Water Positive by 2040; Achieve 50% renewable energy by 2040; Increase share of electric vehicle (EV) in fleet for employee commute to 50% by 2040; Ensure Water Free Sanitation by 2040; Increase non-potable water usage to 75% by 2040
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Procure 10% green energy share in total energy consumption by 2025; Increase share of electric vehicle (EV) in fleet for employee commute to 10% by 2025

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Periodic vendor/supplier assessment for critical suppliers

Responsible Procurement
  • Integration of ESG/Sustainability compliances and parameters as part of registration, onboarding, review, and supplier development processes; Vendor Code of Conduct

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed