Sustainability has been at the core of our business philosophy — Predictability, Sustainability, Profitability and De-risking (PSPD). This has been the underlying and overarching aspect of every business decision that we have made over the past three decades. We are also supported by effective governance, a strong risk management framework, and our core values that are the bedrock of our sustainability agenda.
Our sustainability policy guides interactions with stakeholders and influences day-to-day actions. We understand our responsibility in honoring the expectations of our immediate stakeholders and an extended set of stakeholders, including local communities, social organizations and the communities around us.
Infosys Sustainability Report 2012-13 is published annually, and this is our sixth report. Our Sustainability Report provides an update on the responsible business practices across social, environmental and economic parameters in accordance with the GRI 3.1 framework for the year 2012–13. It delineates our sustainability agenda across three areas — Social contract, Resource intensity and Green innovation.
Enterprises have an extended set of stakeholders today — local communities, social organizations and society. These stakeholders have the potential to influence the future of business. These stakeholders have ethical, social and environmental expectations that extend beyond financial goals and legal requirements. We believe that these social covenants are fundamental to nurturing stakeholder trust and ensuring business continuity and form the basis of our contract with society.
In the face of accelerated depletion of natural resources, incremental increases in resource efficiencies are not sufficient and, beyond a point, optimization gets prohibitively expensive. Resource intensity is about doing far more with far less. We constantly look at transformational ways to de-intensify and achieve the same or better outcomes, using fewer resources.
Business imperatives such as environmental sustenance and resource conservation are providing new opportunities for enterprises to innovate and spur business growth. Green innovation for us is about addressing sustainability challenges through innovation, differentiation, driving efficiencies and creating new avenues for growth for our stakeholders.