Indian Companies Leading the Way in Science Based Targets for Net Zero Goals

In the face of escalating climate change impacts, Indian companies are stepping up their efforts to achieve net zero emissions. A growing number of firms are aligning their sustainability strategies with the Science Based Targets initiative (SBTi), which offers a clear and credible framework for setting and achieving greenhouse gas (GHG) reduction goals. This article explores how leading Indian companies are utilizing SBTi to reach their net zero targets, demonstrating a commitment to sustainability and corporate responsibility.

1. Infosys

Sector: IT and Services

Infosys, a global leader in consulting, technology, and next-generation services, has committed to achieving carbon neutrality. The company has set ambitious science-based targets to reduce its GHG emissions, focusing on enhancing energy efficiency, increasing the use of renewable energy, and promoting sustainable operations. Infosys has already made significant progress by implementing energy-efficient technologies in its data centers and office buildings, as well as investing in large-scale renewable energy projects.

2. Mahindra Group

Sector: Conglomerate (Automotive, IT, Real Estate, etc.)

Mahindra Group, a diversified conglomerate with operations spanning multiple sectors, is deeply committed to sustainability. The group has adopted science-based targets to cut down its carbon emissions across various businesses. Key initiatives include the adoption of renewable energy, the implementation of energy-efficient manufacturing processes, and the promotion of electric vehicles. Mahindra’s automotive division, for example, has launched a range of electric vehicles and is investing in the development of sustainable mobility solutions.

3. Tata Consultancy Services (TCS)

Sector: IT and Services

Tata Consultancy Services (TCS), a leading global IT services and consulting company, has embraced SBTi to guide its sustainability efforts. TCS’s science-based targets aim to reduce GHG emissions by enhancing energy efficiency in its operations and increasing the use of renewable energy. The company has invested in energy-efficient infrastructure and technologies, and it promotes sustainable practices within its extensive network of global operations. TCS’s commitment to sustainability is also reflected in its efforts to develop green IT solutions for its clients.

4. Wipro

Sector: IT and Services

Wipro, a global information technology, consulting, and business process services company, has set science-based targets to achieve significant reductions in its carbon footprint. Wipro’s approach includes improving energy efficiency in its facilities, expanding the use of renewable energy, and reducing waste. The company has also implemented sustainable practices in its supply chain and works with suppliers to meet their own sustainability goals. Wipro’s integrated sustainability strategy not only focuses on internal operations but also extends to its products and services, helping clients achieve their sustainability objectives.

5. Hindustan Unilever Limited (HUL)

Sector: Consumer Goods

Hindustan Unilever Limited (HUL), one of India’s largest consumer goods companies, is committed to reducing its carbon emissions in line with science-based targets. HUL’s sustainability strategy involves sustainable sourcing, reducing the carbon footprint of its products, and improving energy efficiency in its manufacturing processes. The company has made substantial investments in renewable energy and is working towards making its operations more energy-efficient. HUL also engages with consumers to promote sustainable consumption practices, thereby extending its impact beyond corporate operations.

Conclusion

Indian companies are making significant strides in aligning their business practices with the Science Based Targets initiative to achieve net zero emissions. By setting ambitious, science-based targets, firms like Infosys, Mahindra Group, TCS, Wipro, and HUL are not only reducing their carbon footprints but also driving innovation and promoting sustainability within their industries. These efforts are crucial for mitigating the impacts of climate change and ensuring a sustainable future for India and the world.

As more companies join the SBTi and commit to science-based targets, the collective impact will accelerate the transition to a low-carbon economy, demonstrating that corporate sustainability is both a responsible and a strategic business approach.