Bangalore, May 18, 2015
The Climate Group today announced that one of India’s largest Information Technology corporations has become the first Indian company to join RE100, a global platform for major companies committed to 100% renewable power.
Infosys (NYSE: INFY), a leader in consulting, technology, outsourcing and next-generation services, with clients across 50 countries, has taken great strides during the past seven years to become sustainable in its operations. As part of its commitment to RE100, Infosys aims to become carbon neutral by 2018. The company is already working to reduce its per capita electricity consumption by 50 per cent from its 2007-2008 levels and source all its electricity from renewable resources by 2018.
Speaking about the announcement, Ramadas Kamath, Executive Vice President and Head - Infrastructure and Sustainability, Infosys, said: “We are working towards building a clean energy future. Expanding the share of renewables is key to addressing the chronic energy crisis our country is facing today. By taking the first step towards hundred per cent renewables, we want to lead the way in creating a sustainable future and bring about an energy transformation in India.”
During fiscal year 2015, Infosys met 29 percent of its electricity needs - about 72.08 million units - for its locations across India through green power. During the same period, Infosys generated over 2911 MWh of electricity through its onsite solar PV installations across India.
Krishnan Pallassana, Executive Director, The Climate Group India, said: “We are delighted to welcome an innovative and forward thinking organization such as Infosys into the campaign. We need more companies that are willing to set bold targets and demonstrate the business case for renewable power. India plays a crucial role in sealing a global climate deal and could benefit the most from investing into a low-carbon future, which can generate sustainable and consistent energy for all.”
Damandeep Singh, CDP India Director, said: “Infosys has been a pioneer in embedding sustainability into their business practices and is a leading example of how long-term vision can save company money. RE100 is a perfect fit for this global IT bellwether company . We are proud to welcome them to the community and this will surely inspire others to join.”
Infosys joins some of the world’s most influential companies such as IKEA, Swiss Re, BT, Formula E, H&M, KPN, Mars, Nestlé, Philips, among others, which are taking bold steps to create transformative change needed to drive a clean energy revolution.
RE100 was launched at Climate Week NYC on September 22, 2014. Seventeen companies have now joined the campaign and made a public commitment to become 100% renewable, including founding members IKEA and Swiss Re. As the campaign spreads in India, it is expected that more Indian companies will switch to renewable power and demonstrate the huge opportunity that exists in India’s growing clean economy.
Infosys is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Visit www.infosys.com to see how Infosys (NYSE: INFY), with US$ 8.7 billion in annual revenues and 176,000+ employees, is helping enterprises renew themselves while also creating new avenues to generate value.
RE100 is a global initiative that celebrates and supports major companies committed to 100% renewable power across their operations. Its goal is that 100 of the world’s most influential businesses commit to 100% renewable power within a specified timeline.
Led by The Climate Group, in partnership with CDP, with the support of the International Renewable Energy Agency (IRENA), RE100 shares the compelling business case for renewable power, addresses barriers to wide-scale adoption, develops transparent reporting mechanisms, and identifies the necessary regulatory reforms.
By massively increasing private sector demand for renewable power, RE100 will accelerate the transformation of the global energy market, thus enabling the transition to a prosperous low carbon future.
The following companies have joined RE100 and made a public commitment to going 100% renewable: BT Group, Commerzbank, Elion Resources Group, Formula E, H&M, Infosys, IKEA, KPN, Mars, Nestlé, Philips, Reed Elsevier Group, J. Safra Sarasin Bank, SAP, SGS, Swiss Re, YOOX Group.
RE100 is an action of the We Mean Business coalition.
The Climate Group is an award-winning, international non-profit. Our goal is a prosperous, low carbon future. We believe this will be achieved through a ‘clean revolution’: the rapid scale-up of low carbon energy and technology. We work with corporate and government partners to develop climate finance mechanisms, business models which promote innovation, and supportive policy frameworks. We convene leaders, share hard evidence of successful low carbon growth, and pilot practical solutions which can be replicated worldwide.
Since 2009, The Climate Group has been the convenor of Climate Week NYC, an annual international platform for governments, businesses and civil society to collaborate on bold climate action and low carbon leadership. In September 2014, Climate Week NYC hosted 150 events as the collaborative space in support of the UN Climate Summit.
The Climate Group has offices in Greater China, North America, India and Europe.
Please visit www.theclimategroup.org
For further information, please contact: PR_Global@infosys.com