Infosys Sets Science Based Targets for Carbon Emissions
Infosys has received approval on its carbon reduction targets by the Science Based Targets initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The targets are consistent with the levels required to meet the goals of the Paris Agreement and aligned with reductions required to keep warming to well-below 2°C trajectory. Infosys targets cover greenhouse gas (GHG) emissions from all 3 scopes. The approval by SBTi further strengthens Infosys’ existing commitment to sustain its carbon neutrality goal beyond fiscal 2020.
The SBTi defines and promotes best practice in science-based target setting and independently assesses and validates targets. The targets show companies how much and how quickly they need to reduce their greenhouse gas emissions in order to keep warming below dangerous levels.
Over the last decade, Infosys has consistently demonstrated leadership in the climate action space; be it by reducing per capita energy footprint by more than half from 2008 levels when Infosys began its climate action journey or by ensuring higher dependence on clean and renewable sources of energy. Infosys’ community-based carbon offsets also ensured that climate action created a significant positive impact beyond its boundaries by helping 102,000 families. Infosys set a carbon neutral target that seemed unattainable a decade ago, however, the company has achieved this through innovation and policy changes and become carbon neutral in fiscal 2020, 30 years ahead of the timelines set by the Paris agreement.
Infosys’ new science-based targets include:
- Reduction of absolute scope 1 and 2 GHG emissions by 12.5% by FY2025 and 37.5% by FY2035 from FY2020 as a base year
- Reduction of absolute scope 3 GHG emissions by 12.5% by FY2025 and 37.5% by FY2035 from FY2020 as a base year
These targets also align with the Infosys Environmental, Social, and Governance (ESG) vision 2030.
Infosys’ commitments are available on SBTi's website
To learn more about Infosys' sustainability initiatives, please visit: https://www.infosys.com/sustainability/documents/infosys-sustainability-report-2019-20.pdf