Mumbai: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, today announced that S&P Dow Jones Indices, one of the world’s leading index providers, and RobecoSAM, the investment specialist focused exclusively on Sustainability Investing (SI) have listed TCS in the Dow Jones Sustainability Index (DJSI) – 2016 for the fourth consecutive year.
TCS is one of the only three Indian companies to be included in the World Index list. On Corporate Citizenship, Human Capital Development, Philanthropy and Environmental Reporting, TCS was placed on the 100th percentile. On environmental and social dimension, the company was placed on the 93rd and 91st percentile respectively. TCS is the only Tata group company to be included in the World Index this year.
TCS has been included in both, the World Index and the Emerging Markets Index this year and was placed on the 89th percentile. Continued placement on this index series showcases the company’s position as a responsible corporate citizen.
TCS has adopted the ‘triple bottom-line’ approach, recognising People, Planet and Profit as the primary pillars of corporate sustainability. The objective is to drive sustainability through various initiatives across the units of operation, supply chain, community and customers. While volunteering by employees is encouraged, the Company also utilises its own expertise in IT to address needs of the community and the environment.
Ajoyendra Mukherjee, Global Head and EVP of Human Resources, TCS said, “TCS is committed to identifying and addressing the needs of the community and sustainability initiatives are strongly imbibed within the business culture of the company. The DJSI sets a valuable benchmark for sustainability in the industry and the endorsement we have received, highlights our commitment to being a responsible corporate citizen.”
The Dow Jones Sustainability Index (DJSI) has become a reference point in sustainability investing. The RobecoSam Annual Sustainability Assessment evaluates business practices of the world’s largest companies. 3,400 listed companies across 60 industries participated in the assessment exercise. The DJSI annual review is based on a thorough analysis of corporate economic, environmental and social performance and assesses issues such as corporate governance, risk management, branding, climate-change mitigation, supply-chain standards, and labor practices.
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