IT services major, Tata Consultancy Services (TCS) announced plans to reduce its absolute greenhouse gas emissions across Scope 1 and Scope 2 by 70 per cent by 2025 (over 2016 base year), and to achieve net zero emissions by 2030.
In its recently published Integrated Annual Report 2020-21, the company has set forth this new carbon reduction goal after having achieved the previous target of reducing its specific carbon footprint by half by 2020 (versus baseline year FY 2008), ahead of schedule. In FY 2021, TCS’ specific carbon footprint across Scope 1 and Scope 2 was lower by 61.6 per cent compared to baseline year FY 2008.
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According to the leading GHG Protocol corporate standard,a company’s greenhouse gas emissions are classified in three scopes. Scope 1 and 2 are mandatory to report, whereas scope 3 is voluntary and the hardest to monitor. Scope 1 emissions are direct emissions from company owned and controlled resources. Scope 2 emissions are indirect emissions that emanate from purchased energy from a power utility.
“Our net zero goal underlines our renewed commitment to environmental stewardship. To curb emissions and limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels, all organizations will have to reimagine existing business models and aim for sustainable growth. We are in a unique position to combine our purpose-driven world view with digital innovation to not only drive our own sustainability, but also partner with customers, civil society and governments to lead and shape solutions for a sustainable future,” said N G Subramaniam, COO & Executive Director, TCS.
Source: Business Standard
