GRI rates TCS at LevelA+ for sustainability report
20 May 2010
New Delhi: TCS today said that it has been rated Level A+ by Global Reporting Initiative (GRI) for its 'corporate sustainability report'. The report summarises TCS' initiatives for the betterment of society, communities, and the environment during the financial year April 2008-March 2009.
The GRI framework serves as a generally accepted framework for reporting on an organisation's economic, environmental, and social performance. It is designed for use by organisations of any size, sector, or location.
The TCS sustainability report has been externally assured by KPMG Advisory Services.
The report focuses on TCS' global operations, and on significant economic, environmental and social factors that impact the way TCS does business, including its relationships with key stakeholders.
''TCS strives to achieve the highest levels of ethics, good governance and respect for the individual. We also continue to place strong emphasis on societal needs and in recent years have addressed environmental and climate change issues with increased significance. The 2008-09 Sustainability Report is a good indicator on the progress we have made and the journey ahead on the various goals ,'' said Ajoy Mukherjee, Head Global HR
The sustainability reporting Guidelines of GRI are used to illustrate TCS' progress and performance in corporate sustainability activities. Some of the key highlights of the report are:
- Achieved 15.6-per cent decrease in consumption of electricity in terms of kilowatts per person per month
- Achieved 42.5 -per cent decrease in paper consumption
- Ensured 100-per cent environment friendly disposal of e-waste
- The Computer-based Functional Literacy (CBFL) programme has served over 120,000 learners in pilot studies all over India
- TCS' workforce is one of the most diverse amongst Indian IT companies, with an international workforce comprising 67 different nationalities. Women make up 30 per cent of the workforce.
- TCS enjoys the lowest attrition rates in the IT Services industry