Climate Change Data

Persistent Systems Limited

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

Reporting Period: 2021-04 to 2022-03

Environmental Metrics

Total Carbon Emissions:7,798.2 tCO2e/year
Scope 1 Emissions:950.1 tCO2e/year
Scope 2 Emissions:6,597.5 tCO2e/year
Scope 3 Emissions:661.2 tCO2e/year
Renewable Energy Share:60%
Total Energy Consumption:9,536.1 MWh/year
Water Consumption:24,441.7 kl/year
Waste Generated:276.5 MT/year
Carbon Intensity:0.8 t CO2e/MT

ESG Focus Areas

  • Climate change
  • Diversity and Inclusion
  • Employee well-being
  • Corporate Governance
  • Supply Chain Sustainability
  • Community Development

Environmental Achievements

  • Reduced carbon footprint by over 27% in the last five years
  • 60% of electricity generated from renewable sources
  • 2.5 Kt CO2e reduction per year from solar rooftop
  • 6 Kt CO2e reduction per year from windmills
  • 59,500 trees planted

Social Achievements

  • 100,042 beneficiaries impacted through CSR initiatives
  • ₹ 115.5 M spent on CSR activities
  • Launched ‘Kiran Girls Scholarship and Mentoring Program’
  • Implemented holistic well-being programs for employees
  • 31.4% women in the workforce

Governance Achievements

  • 7/11 Independent Directors on Board
  • 2/11 Women on the Board
  • Established a Stakeholder Relationship and ESG Committee
  • Code of Conduct fully implemented
  • No incidents of corruption

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2030
Medium-term Goals:
  • Nurture long-term employees for senior management roles by 2024
  • Reduce 80% emissions from global operations by 2028
  • Reduce freshwater consumption and achieve 100% wastewater recycling in owned campuses by 2028
  • Enhance supplier standards of conduct and selection of 50% vendors with focus on ESG performance by 2028
Short-term Goals:
  • Achieve learning coverage of 90% by 2023
  • Emit zero emissions from building operations by 2026

Environmental Challenges

  • Increasing employee attrition rate due to high demand for skilled workforce
  • Foreign exchange risk due to economic volatility
  • Governance and compliance challenges in new geographies
  • IP and data leakage risks due to work-from-home
  • Climate change impacts on supply chain and infrastructure
Mitigation Strategies
  • Increased employee retention strategies
  • Constant analysis of economic scenario and exchange rate, forward cover on net open positions
  • Country readiness framework, hiring local consultants
  • ISO 27001:2013, ISO 27017, ISO 27018, ISO 22301:2019 certifications, 24x7x365 SOC
  • Transition to renewable energy, energy conservation measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vendor Code of Conduct
  • ESG criteria integrated into vendor registration form

Climate-Related Risks & Opportunities

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

Reporting Standards

Frameworks Used: GRI Standards: Core option, BRSR, SASB, UN SDGs

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 14064:2018, ISO 27001:2013, ISO 27017, ISO 27018, ISO 27701:2019, ISO 22301:2019, SOC 2 Type II

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Forbes Asia’s “Best Under A Billion” list
  • Various awards for CSR, energy conservation, learning and development

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:10541.7 tCO2e/year
Scope 1 Emissions:314.1 tCO2e/year
Scope 2 Emissions:5890.2 tCO2e/year
Scope 3 Emissions:4337.3 tCO2e/year
Renewable Energy Share:46% (India only)
Total Energy Consumption:13798.6 MWh/year
Water Consumption:46376 KL/year (India only)
Waste Generated:62.4 tons/year (India only)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate action
  • Empowering our people
  • Diversity and inclusion
  • Social Responsibility
  • Employee health, safety, and wellbeing
  • Supply chain Management
  • Corporate Governance and Ethics
  • Economic Performance
  • Data Privacy and Security
  • Customer Stewardship

Environmental Achievements

  • 1362 tCO2e Emission reduction in FY 2022-23 (2 MW solar rooftop)
  • 2611 tCO2e Emission reduction in FY 2022-23 (2 windmills)
  • 46% Electricity sourced from renewable energy in India
  • 30% of treated wastewater in owned campuses is used within our facilities
  • 13,420 Trees planted and nurtured, taking the overall total to 96,035

Social Achievements

  • 23,423 Lives impacted through CSR programs
  • 30.8% Women in workforce
  • 89% Employee satisfaction score (ESAT)
  • Zero accidents in the workplace
  • 432 events around fitness, health, women in tech, work-life balance
  • 3993 Volunteers demonstrated ISR, 6623 hours by volunteering in ISR activities

Governance Achievements

  • 99% Code of Conduct training coverage
  • Joined the United Nations Global Compact
  • No data breaches reported in FY23
  • Enhanced security controls by investing in advanced security platforms

Climate Goals & Targets

Long-term Goals:
  • Carbon Neutral by 2030
Medium-term Goals:
  • Emit Zero emissions from building operations (Scope1 and Scope2) by 2026
  • Reduce freshwater consumption and achieve 100% wastewater recycling in owned campuses by 2026
  • Neutralize 80% emissions from our global operations by 2028
  • Include people of all genders, ethnicities, sexual preferences, religions and specially abled persons in our diverse workplaces by 2028
  • Achieve 35% of female representation in the workforce by 2028
  • Enhance supplier standards of conduct and selection of 50% vendors with focus on ESG performance by 2028
Short-term Goals:
  • 100% training in code of conduct by 2023
  • Zero tolerance for unethical and non-compliant behavior by 2023

Environmental Challenges

  • Climate change impacts (extreme weather, water scarcity)
  • Talent demand and employee attrition
  • Foreign Exchange Risks
  • Risk of economic downturn
  • Credit Risk
  • Data privacy
  • Global regulatory risks
  • Social media risk
Mitigation Strategies
  • Investment in renewable energy, energy efficiency measures, water conservation practices
  • Focus on employee wellbeing, retention practices, hybrid working model
  • Hedging of net foreign exchange earnings
  • Diversification of customer base, upselling/cross-selling, structured collection process, Credit Control Policy
  • ISO 27701:2019 certification, data classification, data leakage prevention, privacy by design
  • Compliance Manager Tool, local consultants for compliance advice
  • Employee awareness trainings, social media policy

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vendor Code of Conduct leveraging UNGC principles

Climate-Related Risks & Opportunities

Physical Risks
  • Rising sea levels
  • Rising mean temperatures
  • Increased severity of extreme weather events
  • Water stress and scarcity
Transition Risks
  • Increased pricing of GHG emissions
  • Mandates on environmental regulations
  • Cost to transition to lower emissions technology
  • Regulatory disclosures
Opportunities
  • Reduced operational costs
  • Reduced GHG emissions
  • Improved health and safety of employees

Reporting Standards

Frameworks Used: GRI Standards 2021, BRSR requirements of SEBI, SASB standards, TCFD Principles, UN SDGs, UNGC

Certifications: ISO 14001:2015, ISO 45001:2018 (India only), ISO 27701:2019, ISO 27018:2019, SOC 2 Type II

Third-party Assurance: DNV India Business assurance Pvt Ltd

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 17

Initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Numerous awards from ISG, Zinnov, Everest Group, Forrester, Constellation, Inventicon, CII, MCCIA, MEDA, Appian, Momentum ITSMA, IGBC, SAC-ACCP, CRN, Dun & Bradstreet, Brand Finance, TechGig, iNFHRA, Zee 24 Taas

Reporting Period: 2023-04 to 2024-03

Environmental Metrics

Total Carbon Emissions:7,518.18 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:1,025.51 tCO2e/year
Scope 2 Emissions:6,492.66 tCO2e/year
Scope 3 Emissions:9492.40 tCO2e/year
Renewable Energy Share:39.0% (estimated)
Total Energy Consumption:59,686.43 MWh/year (estimated)
Water Consumption:87,798.81 m3/year (India locations)
Waste Generated:130.17 tons/year (India locations)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Cybersecurity
  • Data Privacy
  • Foreign Exchange Risk
  • Geo-Political and Macro-Economic Risk
  • Credit Risk
  • Talent Management
  • Global Regulatory Risk
  • Sustainability (Climate Change, Water Scarcity, Energy Demand)
  • Human Rights
  • Stakeholder Engagement
  • Inclusive Growth

Environmental Achievements

  • Achieved Carbon Neutrality for Scope 1 and Scope 2 emissions by 2025 (target)
  • Sourcing 100% energy from Renewable energy sources by 2025 (target)
  • 30% reduction of Scope 3 emissions by 2028 (target)
  • Green Building Initiatives
  • Energy Efficiency Initiatives
  • Operational Efficiency
  • Lighting Efficiency
  • Adoption of Renewable Energy (64,55,439 kWh generated in FY2023-24)

Social Achievements

  • Controlled employee attrition rate at 11.5%
  • Employee upskilling programs through Persistent University and Persistent’s Digital Engineering Academy (PDEA)
  • Focus on employee well-being initiatives (physical, financial, and psychological)
  • Inclusive workplace promoting diversity and inclusivity
  • CSR projects benefiting 25,169+ persons, focusing on education, healthcare, and community development

Governance Achievements

  • Robust Information Security Management System (ISMS)
  • Robust Privacy Information Management System (PIMS)
  • Global privacy policy
  • Dedicated Data Protection Officer and Privacy Team
  • ISO 27001, ISO 27017, ISO 27018, ISO 27701, and SOC 2 Type II certifications
  • ISO 22301 certification for business continuity
  • ISO 14001:2015 and ISO 45001:2018 certifications (India operations)

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Reduce 30% Scope 3 emissions by 2028
Short-term Goals:
  • Achieve Carbon Neutrality for Scope 1 and Scope 2 emissions by 2025
  • Source 100% energy from Renewable energy sources by 2025

Environmental Challenges

  • Cyber-attacks and hacking
  • Data privacy risks
  • Foreign exchange risks
  • Geo-political and macro-economic risks
  • Credit risks
  • Talent demand and employee attrition
  • Global regulatory risks
  • Sustainability risks (climate change, water scarcity, energy demand)
  • Water scarcity
  • Energy demand
Mitigation Strategies
  • Robust ISMS and PIMS
  • Hedging strategies for foreign exchange risks
  • Country risk assessments
  • Geo-diversification
  • Effective receivables management system
  • Employee grooming and upskilling
  • Compliance management tool
  • Climate action goals
  • Water resource analysis and mitigation plans
  • Decarbonization roadmap

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vendor Code of Conduct
  • Green purchasing alternatives
  • EHS clauses in purchase orders

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, UNGC, Principles of Corporate Governance

Certifications: ISO 14001:2015, ISO 45001:2018, ISO 27001, ISO 27017, ISO 27018, ISO 27701, SOC 2 Type II, ISO 22301:2019

Third-party Assurance: DNV Business Assurance India Private Limited

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Most Promising Company of the Year by CNBC-TV18