Climate Change Data

Newgen Software Technologies Limited

Climate Impact & Sustainability Data (2021-04 to 2022-03, 2023-04 to 2024-03)

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

ESG Focus Areas

  • Education
  • Eradication of Hunger, Poverty, and Malnutrition
  • Environmental Sustainability
  • Employee Well-being

Environmental Achievements

  • Reduced paper usage through digitalization initiatives
  • Wastewater recycling from RO plants
  • Eliminated single-use plastics in cafeteria

Social Achievements

  • Newgen Digital Discovery Paathshala (NDDP) program digitally empowered 800+ students with devices and online learning
  • NDDP Alumni Association initiative engaged 400+ students with online classes and career counseling
  • Happiness Kits distributed to over 1,000 students and families
  • Remedial education program benefited over 10,000 students
  • Partnership with KK Academy provided holistic education to 250 students
  • Mid-day meal program provided over 300,000 meals and Happiness Kits to over 9,000 families
  • Personality development sessions supported nearly 400 students

Governance Achievements

  • Streamlined organization-wide management structure
  • Appointed Virender Jeet as CEO and Tarun Nandwani as COO
  • Acquired Number Theory to strengthen AI/ML capabilities
  • Implemented hybrid work model

Climate Goals & Targets

Environmental Challenges

  • Elevated attrition impacting demand fulfillment
  • COVID-19 pandemic impacting operations and customer service
  • Global economic uncertainty
  • Intense competition
  • Rapid technological advancements
Mitigation Strategies
  • Industry benchmarked remunerations and ESOPs for employee retention
  • Hybrid work model and support for employees during pandemic
  • Resilient business model with large annuity revenue streams and diversification
  • Continuous investment in R&D and emerging technologies
  • Expansion of direct and indirect sales networks
  • Development of vertical domain-rich products

Supply Chain Management

Responsible Procurement
  • Purchase process management policy
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

  • Goal 2 (Zero Hunger)
  • Goal 4 (Quality Education)

CSR initiatives focus on promoting education and eradicating hunger and malnutrition.

Sustainable Products & Innovation

  • NewgenONE platform (cloud-based, reduces paper usage)

Awards & Recognition

  • Forrester Wave™ Strong Performer (Content Platforms, Digital Process Automation Software)
  • Gartner Magic Quadrant Visionary (Content Services Platforms)
  • Gartner Magic Quadrant Niche Player (Enterprise Low-Code Application Platforms)
  • Asian Banker Middle East and Africa Awards (Best Enterprise Governance Risk and Compliance Implementation)
  • Intellyx Digital Innovator Award
  • Aragon Research Leader (Enterprise Content Platforms)

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:3108.7 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:466.06 tCO2e/year
Scope 2 Emissions:2642.64 tCO2e/year
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:17707.9 GJ/year
Water Consumption:38197.47 kilolitres/year
Waste Generated:12.02 metric tonnes/year
Carbon Intensity:0.70 tCO2e/employee

ESG Focus Areas

  • GHG Emissions and Climate Change
  • Diversity, Equity and Inclusion
  • Employee Engagement
  • Data Privacy and Information Management
  • Corporate Governance and Business Ethics

Environmental Achievements

  • Transitioned majority of offices to LED lights
  • Installed 19 KW-3 phase Rooftop solar power system at Delhi Okhla Phase-II office
  • Planned installation of additional inhouse solar power capacity at Noida and Chennai offices
  • Planned installation of a Heat pump at Noida office
  • Converted diesel based generator to CNG based generator at Okhla Phase-2 office
  • Designed Mumbai office to maximize natural sunlight

Social Achievements

  • Launched various employee well-being programs including regular health check-ups, fitness programs, and mindfulness initiatives.
  • Established partnerships with external childcare facilities.
  • Implemented Diversity, Equity & Inclusion at workplace policy.

Governance Achievements

  • Implemented Anti-Bribery & Anti-Corruption (ABAC) policy and Code of Conduct.
  • Established grievance redressal mechanisms for employees and stakeholders.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • GHG Emissions and Climate Change
  • Diversity, Equity and Inclusion related risks
  • Employee Engagement risks
  • Data Privacy and Information Management risks
  • Corporate Governance and Business Ethics risks
  • Ransomware attack in March 2024
Mitigation Strategies
  • Initiatives on energy efficiency and renewable energy
  • Clear policies, processes and governance structures to monitor DEI
  • Increased initiatives for Employee engagement, retention and support
  • Robust cybersecurity and data privacy frameworks and controls
  • Stipulated policies, processes and systems to ensure ethical conduct and strong governance
  • Engaged global cybersecurity consulting firms for analysis and remediation after ransomware attack, implemented roadmap for further investment in cybersecurity.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • Procurement policy specifying requirements of Human rights, Health & safety, Business Ethics and Environment policy from suppliers

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Engaging clients on climate actions through solutions

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015, ISO 27001:2013, ISO 27017, ISO 27018, SOC-1 Compliance, SOC-2 Compliance, GDPR, HIPAA, PCI DSS

Third-party Assurance: Not applicable

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Enhanced solutions to help reduce carbon footprint of customers

Awards & Recognition

  • Not disclosed