Wipro Recognized by CDP for Climate Change Disclosure
The only Indian company to be featured in CDPs global Carbon Disclosure Leadership Index
BANGALORE, India--(BUSINESS WIRE)-- Wipro Ltd has been commended by the Carbon Disclosure Project (CDP), which represents 655 institutional investors with $78 trillion in assets, for its approach to the disclosure of climate change information.
Wipro (WIT) is the only company from India featured in CDPs Carbon Disclosure Leadership Index for 2012. With a Score of 95 on 100, Wipro is one of seven IT companies from across the world to find a place in the listing. This index, a key component of CDPs annual Global 500 report, highlights the constituent companies within the FTSE Global Equity Index Series (Global 500) which have displayed a strong approach to information disclosure regarding climate change. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
The index, compiled by PwC on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2012 it comprises 51 companies from the Global 500 based on analysis of the responses to CDPs questionnaire which focused on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change.
On this occasion, Anurag Behar, chief sustainability officer, Wipro, said We are pleased to be included in the global CDLI, a reflection of the strong foundation that we have established over the years on and around our energy and carbon footprint. Climate Change is as much a social issue as it is an ecological one, more so for a country like India with its unique set of challenges. Our climate change program is multi dimensional, addressing Energy Efficiency, Renewable Energy, Travel and Employee Commuting. Our commitment to carbon reduction is part of our larger engagement on sustainability issues it is long term by design and is integral to both, our vision of corporate citizenship and to our business strategy.
Wipros sustainability initiatives include working jointly with education, civil society organizations and government bodies to shape policies, minimise Wipros footprint and providing products and solutions that enable customers to become sustainable.
Paul Simpson, chief executive officer of CDP, commented: Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realising greater efficiencies, protecting the business from risk and capitalizing on opportunities.
The Global 500 report including names of companies featured in the Carbon Disclosure Leadership Index can be found at www.cdproject.net.
About Wipro Limited
Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro also has a strong presence in niche market segments of Infrastructure Engineering and Consumer Products & Lighting. For more information, please visit our websites at www.wipro.com.
The Carbon Disclosure Project (CDP) is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP harnesses the power of market forces, including 655 institutional investors with assets of US$78 trillion, to collect information from companies on their greenhouse gas emissions and assessment of climate change and water risk and opportunity. CDP now holds the largest collection globally of primary climate change and water data and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdproject.net to find out more.
Wipro's forward looking and cautionary statements
The forward-looking statements contained herein represent Wipros beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipros control. Such statements include, but are not limited to, statements regarding Wipros growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the companys filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Chaya Ganapathy, +91 9986447005
Mr. Aravind Viswanathan, Investor Relations
Source: Wipro LtdCopyright Business Wire 2012