Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• People Satisfaction
• Talent Development
• Sustainable Livelihoods
• Diversity Focus
• Green IT
• Sustainable Sourcing
• Great Quality - Faster Delivery

Environmental Achievements

• Reduced energy consumption by nearly half in the last four years
• 67% of energy from renewables
• Two LEED Platinum-certified buildings
• 91.01% waste recycled
• Two locations are zero-discharge sites

Social Achievements

• 122,306 students benefited from Mindtree Foundation's educational initiatives
• 6,227 sustainable livelihoods created
• 6,207 people with disabilities supported
• 9,876 volunteers impacted 11,446 beneficiaries
• Placed in Top 100 best Companies for women by Working Mother and Avtar, for three consecutive years

Governance Achievements

• Established a detailed onboarding program for new directors
• External agency evaluated Board performance
• Endorsement of UNGC, GRI, CDP, IIRC, and NVG principles

Climate Goals & Targets

Environmental Challenges

• Fear of skill redundancy due to automation
• Need for upskilling in the digital world
• Low presence of women in technology and leadership roles
• Managing economic risks such as global risks, cybersecurity, margin pressures, and attrition

Mitigation Strategies

• Skilling initiatives and holistic learning journeys
• Diversity and people engagement initiatives
• Diversified portfolio, enhanced information security, multi-pronged approach to economic efficiency, transformational skilling, and people engagement strategies

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of conduct for suppliers
• Self-declaration clause for vendors at contract renewal stage

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, UNGC, NVG

Certifications: ISO 14001:2015

Third-party Assurance: DNV GL

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• DIGNIFY (Digital Netra for Eyes), VIKAS (Visual Intervention Kit with Analytics)

Awards & Recognition

• Arogya World Healthy Workplace Platinum award
• Roundglass Festival of Wellbeing recognition

Environmental Metrics

ESG Focus Areas

• Operating Responsibly
• Empowering People
• Environmental Stewardship

Environmental Achievements

• Mitigated 4,116 tons CO₂ through energy conservation and green power procurement
• Achieved 26.4% share of renewable energy in FY 2020-21
• Planted 152,025 trees during the reporting period
• 2,000 acres of land irrigated through water conservation programs

Social Achievements

• Reached 126,649 beneficiaries, including women, children and youth from low-income communities and special abilities
• No work-related accidents were recorded during FY 2020-21
• Creation of online marketplace for women artisan skill enhancement project (WASEP)
• 12.5% women representation in senior management
• 30.23% Women representation in workforce
• 12.77% attrition rate in FY 2020-21 (fell from 16.55% in FY 2019-20)

Governance Achievements

• 95.9% Among the Top 20 Global IT Services companies
• Signatory to UN Women Empowerment Principles

Climate Goals & Targets

Environmental Challenges

• Attrition of Key Talent
• Rapid Change in Technology and Digital Disruption
• Data Privacy
• Cyber Security

Mitigation Strategies

• Multiple retention programs at organization and individual business unit level
• Strengthen Digital Solution Architect (DSA) group
• Detailed Project Plan for GDPR gaps closure
• Ensure mandatory trainings are completed within target dates

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct (covering anti-bribery, trade controls, labor practices, human rights, etc.)
• Emphasis on local sourcing

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards (core), UNGC Ten Principles, UN SDGs

Certifications: ISO 9001, ISO 20000, ISO 27001, ISO 14001, ISO 45001

Third-party Assurance: Bureau Veritas

UN Sustainable Development Goals

• Not disclosed

The report mentions linkages to various SDGs but doesn't explicitly list them.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Companies with Great Managers (People Business and The Economic Times)
• Top Employer 2021 (UK)
• Great Place to Work (GPTW) certified workplace (LTI USA)
• IGBC Performance Challenge Award 2020
• Platinum Greentech Foundation Award
• Order of Merit (semi-finalist) by Skoch Award

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• 100% water recycled in dedicated campuses by 2025
• 25% Per-capita water consumption reduction by 2025
• 77.77% of Mindtree’s energy requirement has been met by Renewable sources in FY 2021-22
• 99.17% of the waste generated within our office premises recycled in FY 2021-22

Social Achievements

• Various programs covering various topics, training our people in comprehensive wellbeing, promoting healthy behaviors and safety, preventing, and mitigating several health and safety risk impacts
• Recruitment of people with disabilities, in addition to providing necessary and customized support to help them realize their potential, is encouraged at Mindtree

Governance Achievements

• ESG-linked compensation for key executives in 2022
• 100% Training on code of conduct for associates, suppliers & partners by 2025

Climate Goals & Targets

Environmental Challenges

• Adherence to new environmental and CSR laws globally
• Climate change impacting operations due to extreme weather
• Water scarcity in some locations
• Improper waste disposal leading to non-compliance and GHG emissions
• Depletion/shortage of natural resources
• Compliance with multiple global regulations
• Crisis management

Mitigation Strategies

• Regular monitoring of regulatory requirements and internal audits
• ISO 14001 certification
• Hazard risk analysis and business continuity plans
• Water conservation strategies and rainwater harvesting
• Waste disposal in accordance with regulations and recycling initiatives
• Mitigation and sustainability programs for energy and water conservation
• Dedicated in-house compliance team and specialist consultants
• Established Global Crisis Management Team

Supply Chain Management

Supplier Audits: Quarterly vendor audit

Responsible Procurement

• Green procurement objectives
• Supplier code of conduct including clauses on labor, working conditions, and environmental protection

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather conditions

Transition Risks

• Regulatory changes

Opportunities

• Green-tech offerings

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 22301, CMMI 2.0 L5

Third-party Assurance: DNV Business Assurance India Pvt Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Waste Management
• Green Tech and Innovation
• Sustainable Supply Chain
• Diversity, Equity, and Inclusion (DEI)
• Employee Well-being and Experience
• Community Development
• Corporate Governance
• Ethics and Transparency
• Sustainable Growth

Environmental Achievements

• Increased renewable energy share to 52.07% of total energy consumption.
• Recycled 64.20% of waste.
• Implemented energy conservation initiatives resulting in savings of 12.92 lakh kWh per annum and INR 13.54 Million cost savings.

Social Achievements

• 30.8% of workforce composed of women.
• Launched several employee well-being programs covering physical, emotional, social, and financial wellness.
• CSR initiatives impacted 579,916 beneficiaries.

Governance Achievements

• Established robust governance structure with committees overseeing ESG performance.
• Implemented strong risk management framework.
• Maintained high ethical standards and compliance with laws and regulations.

Climate Goals & Targets

Environmental Challenges

• Increased energy consumption and emissions in FY2023 due to addition of new facilities and employees returning to office post-pandemic.
• Water-related risks in high water-stressed geographies.

Mitigation Strategies

• Implemented energy efficiency measures (LED lighting, UPS optimization, motion sensors, AC unit replacement).
• Integrated 3Rs (Reduce, Reuse, Recycle) approach into water management.
• Rainwater harvesting and groundwater recharge initiatives.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier code of conduct aligned with UNGC principles; preference for diverse suppliers (women-owned, minority-owned, MSMEs).

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services.

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, UNGC, SDGs, NGRBC, CDP, SBTi

Certifications: ISO 14001, ISO 45001, ISO 27001

Third-party Assurance: DNV Business Assurance India Private Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Green IT solutions; Green Carpet automated ESG platform.

Awards & Recognition

• Numerous awards listed in the report.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Water Management
• Waste Management
• Supply Chain Sustainability
• Green Tech and Innovation
• Employee Well-being & Experience
• Community Development
• Diversity, Equity and Inclusion
• Corporate Governance
• Business Ethics
• Data Privacy and Risk Management

Environmental Achievements

• Replaced R22 gas units with eco-friendly refrigerants, achieving significant energy savings.
• Reduced UPS capacity, leading to energy and cost savings.
• Installed EC fans, resulting in cost savings.
• Achieved 44.34% renewable energy share.
• Installed waterless urinals, reducing water wastage.
• Replaced water aerators with efficient ones, reducing water flow rate.
• Achieved 92.14% waste recycling rate.
• Four Bengaluru offices achieved Zero Waste to Landfill certification.
• Estimated emission reduction of 8,896 tCO2e from improved cookstoves.
• Estimated emission reduction of 1,255 tCO2e from agroforestry.
• Estimated emission reduction of 270 tCO2e from mangrove plantation.

Social Achievements

• Reduced attrition rate to 14.4% from 20.2% in FY23.
• Invested INR 821 million in employee learning and development.
• 30.69% of workforce are women.
• Implemented various DEI initiatives, resulting in 29.15% of new hires from diverse groups.
• Supported 598,698 beneficiaries through CSR initiatives.
• Implemented various employee engagement and wellness programs.

Governance Achievements

• Established robust risk management framework.
• Implemented comprehensive data privacy framework.
• ESG considerations integrated into business strategy.
• Transparent and accountable disclosures through non-financial sustainability/ESG reports.

Climate Goals & Targets

Environmental Challenges

• Frequent changes in leadership affecting delivery and customer relationships.
• Higher attrition rates increasing operational costs.
• Uncertainty in strategically planning skills and reallocating talent.
• Lack of strong cybersecurity posture weakening cyber resilience.
• Failure to comply with privacy laws resulting in penalties and reputational damage.
• ESG considerations and related risks.
• Inadequate transparency and delayed reporting.
• Integration challenges impacting crucial deliveries and commitments.
• Revenue growth risks due to reduced IT spending and smaller deal sizes.
• Revenue concentration risk from a select group of major clients.
• Margin pressures due to economic instability and client demands for discounts.
• Fraudulent activities eroding trust.
• Failure to stay abreast of technological trends.

Mitigation Strategies

• Cultivating and guiding leadership development.
• Establishing a robust leadership pipeline.
• Business-aligned skill needs assessments.
• Competency Manager Network.
• Upskilling initiative.
• Robust cybersecurity assessment strategy.
• Comprehensive cybersecurity strategy.
• Diligent monitoring and tracking of integration progress.
• Training on pertinent systems and processes.
• Sales Transformation Programs to drive growth.
• Diversifying revenue profile.
• Five-pronged approach under Program ‘NorthStar’ to improve margins.
• Comprehensive Fraud Prevention Policy and Process.
• Regularly publishing Technology Radar.

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct
• Promoting recycling initiatives
• Hardware reuse
• Data protection agreements
• Access controls
• Considering diversity and inclusion

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Floods
• Cyclones
• Heatwaves
• Droughts
• Water scarcity

Transition Risks

• Stakeholder demands for climate action
• Regulatory changes

Opportunities

• Developing climate-related technologies and services
• Cost savings from green technologies

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, UNGC, NVG-SEE, TCFD

Certifications: ISO 14001, ISO 45001, ISO 27001, ISO 27701, ISO 9001, ISO 22301, SOC 1 Type 2, SOC 2 Type 2, CMMI 2.0 L5

Third-party Assurance: DNV Business Assurance India Private Limited

Sustainable Products & Innovation

• Canvas.ai
• Canvas CloudXperienz
• LTIM Infinity2.0
• Fosfor suite

Awards & Recognition

• Golden Peacock Award for Sustainability
• CDP Global Leaderboard
• Financial Times' ‘Climate Leaders Asia-Pacific 2023’
• Travel Smart Campaign 2024