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