Sify Technologies Limited
Climate Impact & Sustainability Data (2015-03 to 2016-03, 2016-17, 2017-18, 2018-19, 2020-04 to 2021-03, 2022-23, 2023-24)
Reporting Period: 2015-03 to 2016-03
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Use of wind energy for power requirements in Bangalore Data Center
- Green Data Center in Noida with industry-defining benchmark efficiency
- Adoption of EIA guidelines
Social Achievements
- Contribution to VIRRD Trust, Tirumala for purchase of Digital X-ray machine and DSS suction pump
- Contribution to DIET, Angaluru for construction of classrooms
- Contribution to ICT Academy of Tamil Nadu for book donation
- Contribution to Special Children Sports Academy, Chennai
Governance Achievements
- Compliance with Sarbanes-Oxley Act of 2002
- Establishment of a Disclosure Control Committee
- Implementation of Whistle Blower Policy
- Code of Conduct for Board of Directors and Senior Management
Climate Goals & Targets
Environmental Challenges
- Economic slowdown impacting technology spending
- Increased pricing pressure and decreased utilization rates
- Currency fluctuations
- Intense competition
- High power costs for data centers
- Potential incompatibility with future internet access delivery methods
Mitigation Strategies
- Cost control measures
- Use of derivative financial instruments to mitigate currency risk
- Maintaining customer relationships through quality service
- Recruiting professionals with strong technical backgrounds and providing training
- Developing alternative sourcing strategies
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: International Integrated Reporting Council
Sustainable Products & Innovation
- SMAC wireless radios
- Sify Data Center Architecture (SDA)
Awards & Recognition
- India’s Most Promising Brand
- Best Enterprise Data Center
- CIO Choice Award
- DQ Award for Best Technology for Social Cause
- Recognition by IDC
Reporting Period: 2016-17
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced dependence on non-renewable energies
- Usage of wind energy for power requirements
- Adoption of EIA guidelines
- Lower carbon footprint
- Energy efficiency
- Green Data Center Policy implemented in Noida
Social Achievements
- CSR contribution of ` 84 Lakhs for FY 2016-17
- Superbrand -India Selected
- Industry Validated Business National Award -Best Technology for Social Cause for the Department of Posts by CyberMedia
- ICT Company of the year and Most Admired Brand 2017 by VAR India
- Employed labourers around Noida Data Center site, trained them in safe civil practices and opened a social centre for their families.
Governance Achievements
- Credit Rating of A+ (Long-term) and A1+ (Short-term) by CARE and ICRA for FY 2016-17
- Fourth year of dividend declaration
- Compliance with Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
Climate Goals & Targets
Environmental Challenges
- Economic environment, increased pricing pressure and decreased utilization rates
- Currency fluctuations
- Intense competition
- Procuring power at lower costs for data centers by competitors
- Business compatibility with future internet access service delivery methods
Mitigation Strategies
- Offering services at competitive prices
- Tighter control on expenses
- Cost-effective infrastructure
- Using derivative financial instruments to hedge currency risk
- Maintaining sound customer relationships
- Continuous cost monitoring
- Reducing power dependency through renewable sources
- Recruiting professionals with strong technical backgrounds
- Regular training programs for associates
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- SMACnet
- Sify Data Center Architecture (SDA) 4.0
- Forum NXT
- iTest
- Cloudinfinit
Awards & Recognition
- Business Superbrand
- Most Innovative Offering: SMACnet by CyberMedia
- Most Admired Brand 2017 by VAR India
- Most Promising Brand by WCRC
- Best Enterprise Data Center by The Economic Times
- ICT Company of the year by VAR India
- National Award for Best Technology for Social Cause for the Department of Posts by CyberMedia
- IT Giant of the Year 2016 by 4Ps Planman Media
- Valuable contribution towards successful DC Migration of a Customer: Max Life
- Award for Brand Transformation by Cybermedia
- MICROSOFT Hosting Partner of the Year 2016
- Excellence in e-Learning Solution by Brandon Hall
- Partner of the year by CA Technologies
- Company of the Year in the Cloud & Managed Services vertical by CIO Review
Reporting Period: 2017-18
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced dependence on non-renewable energies
- Usage of wind energy for power requirements
- Adoption of EIA guidelines
- Lower carbon footprint
- Energy efficiency
- Green Data Center Policy
Social Achievements
- CSR contribution of INR 96 lakhs for FY 2017-18
- Associate headcount increased from 2318 to 2608 during FY 2017-18
- 38,000 Hours of Skill Development completed during FY 2017-18
- 1834 employees availed 40 exclusive eLearning programs
- Best Data Center practice and Best Managed Network solutions award by CIO peers in the Industry
- Awarded the ICT Company of the year
Governance Achievements
- Credit Rating of A+ (Long-term) and A1+ (Short-term) by CARE and ICRA for FY 2017-18 based on financial stability & improved profitability
- Board has recommended Dividend distribution to shareholders for 5th consecutive year
- Zero tolerance for sexual harassment, complying with the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
Climate Goals & Targets
Environmental Challenges
- Economic environment, increased pricing pressure and decreased utilization rates
- Currency fluctuations
- Intense competition
- Procuring power at lower costs for data centers by competitors
- Business incompatibility with future internet access service delivery methods
Mitigation Strategies
- Offering services at competitive prices, tighter expense control, cost-effective infrastructure
- Using derivative financial instruments to hedge foreign exchange risks
- Maintaining customer relationships, cost monitoring, competitive pricing
- Reducing power dependency through renewable sources
- Employee training on latest technologies
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Green Data Center
- Cloudinfinit
- ForumNXT
- iTest
Awards & Recognition
- Best Data Center practice and Best Managed Network solutions award
- ICT Company of the year
Reporting Period: 2018-19
Environmental Metrics
ESG Focus Areas
- Financial Capital
- Manufactured Capital
- Intellectual Capital
- Human Capital
- Natural Capital
- Social & Relationship Capital
Environmental Achievements
- Adoption of EIA guidelines
- Usage of wind energy for power requirements
- Lower carbon footprint
- Reduced dependence on non-renewable energies
- Green Data Center Policy in Noida facility (water recycling, motion sensors, energy-efficient devices)
Social Achievements
- Rs. 137 lakhs CSR contribution
- Featured in Fortune Next 500
- Cloud Transformation Award by CyberMedia
- Featured in 2 Gartner industry reports
- CIO Choice Awards for 2 categories
- Iconic Cloud Player of the year by Market Guide
- Economic Times Critical Capabilities for Managed Hybrid Cloud Hosting APAC
- HRX tool to address unconscious bias using VR
- 26,548 person-hours of employee time for skill development
- 1999 associates availed 701 unique courses
- 51 internal certifications created to validate skills across 59 areas
Governance Achievements
- Sixth consecutive year of dividend distribution
- Credit rating of A+ (long-term) and A1+ (short-term) by CARE and ICRA
- Compliance with Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
- Adherence to Nasdaq and SOX Act norms
Climate Goals & Targets
Environmental Challenges
- Economic environment, increased pricing pressure, decreased utilization rates
- Fluctuations in technology spending due to global economic slowdown
- Currency fluctuations
- Intense competition
- Procuring power at lower costs for data centers by competitors
- Incompatibility of business with future internet access delivery methods
- Lead times for orders/contracts becoming longer, longer credit periods
Mitigation Strategies
- Offering services at competitive prices through cost control and innovation
- Using derivative financial instruments to hedge foreign exchange risks
- Maintaining customer relationships through quality service and cost monitoring
- Reducing power dependency by adopting renewable energy sources
- Investing in employee training and development to adapt to technological advancements
- Regular budget preparation and comparison with actual performance
Supply Chain Management
Climate-Related Risks & Opportunities
Awards & Recognition
- Brandon Hall Group Gold award for e-learning programs
Reporting Period: 2020-04 to 2021-03
Environmental Metrics
Total Energy Consumption:34 MW
Waste Generated:7.8 tonnes
ESG Focus Areas
- Environment
- Social
- Governance
- Resilience
Environmental Achievements
- Reduction in energy consumption in NOC/Offices/Guest House: 4.27%
- E-waste recycling: 7.8 tonnes
Social Achievements
- Added 540 people to manage the rapidly expanding business
- 66105 hours of learning through virtual classroom, eLearning, OEM portals and professional workshops
Governance Achievements
- No complaints on account of sexual harassment
- Maintained zero non-compliance status
Climate Goals & Targets
Environmental Challenges
- Economic slowdown impacting IT spends
- Currency fluctuations affecting financial performance
- Growing competition impeding business profitability
- High cost of power disadvantaging Data Center operations
- Inability to meet SLAs impacting revenue and client attrition
- COVID-19 pandemic impacting operations, supply chain, and employee absence
Mitigation Strategies
- Competitive pricing, cost optimization, and fiscal discipline
- Use of derivative financial instruments to hedge foreign exchange risks
- Comprehensive business portfolio, long-term contracts, and outcome-based pricing
- Increased reliance on renewable power and Green Data Center Policy
- Automation of service delivery and geography-agnostic operations
- Contingency plans, risk assessments, and liquidity mitigation options
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB, UN SDG, UNGC
Certifications: ISO 27001, ISO 9001, ISO 20000, PCI DSS, ISO 45001
UN Sustainable Development Goals
- SDG 3
- SDG 4
- SDG 5
- SDG 6
- SDG 7
- SDG 8
- SDG 9
- SDG 10
- SDG 11
- SDG 12
- SDG 13
- SDG 14
- SDG 15
- SDG 16
Reporting Period: 2022-23
Environmental Metrics
Total Carbon Emissions:70 mton (100 MW)
Renewable Energy Share:14%
Total Energy Consumption:100 MWh/year
Water Consumption:0.55 Kl per employee
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Water efficiency initiatives undertaken: 6%
- Energy leakages: 3%
- Share of renewables: 14%
Social Achievements
- Hours spent in e-learning: 38,592
- CSR spend: ~INR 331 Lakh
- Ratio of women employees: 1%
Governance Achievements
- Undertook a materiality mapping to identify issues important to our stakeholders ecosystem in June 2022
- Reported on our first Sustainability coverage according to all Global Reporting Initiatives, standards and frameworks
- Started a DEI (Diversity, Equality and Inclusion) Council in August 2022
Climate Goals & Targets
Short-term Goals:
- Achieve and maintain optimum energy utilization and promote green energy
- Efficient water resource management
- Carbon neutrality
Environmental Challenges
- Data Centers are energy intensive
- Supply chain disruptions
Mitigation Strategies
- Implemented comprehensive energy conservation and efficiency programs
- Sustainable supply chain initiatives
Supply Chain Management
Responsible Procurement
- Sustainable procurement systems
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Certifications: CMMi 5, ISO 9001, ISO 27001, SSAE 16
Awards & Recognition
- Best Brands 2022 by Economic Times
- The Economic Times - Choice of Tech Leaders’ for Product & Services Strategy in the category of SD-WAN Service Provider
- Emerging Technology Services Organization of Karnataka
- MOST PROMISING IT PARTNER from Tata Steel Long Products Limited
Reporting Period: 2023-24
Environmental Metrics
ESG Focus Areas
- Renewables
- Sustainable future
Environmental Achievements
- 67 MW of renewable energy currently in operation out of a planned 231 MW.
Climate Goals & Targets
Environmental Challenges
- Power reliability/Network outage challenges
- Data center security challenges
- Location constraints