Bangalore - October 26, 2012:
Wipro Ltd today announced that it has been ranked Number two in the Global 500 listing of Newsweek’s Green Company rankings and ranked number one in the IT sector globally. The top-ranked companies in Newsweek's global company list were dominated by financial and IT sector companies.
The top 10 companies on the global list are Santander (Brazil), Wipro (India), Bradesco (Brazil), IBM (U.S.), National Australia Bank (Australia), BT Group (U.K.), Munich Re (Germany), SAP (Germany), KPN (Netherlands) and Marks & Spencer (U.K.).
Companies are ranked by their overall green score, which is determined from three components: an environmental impact score (45 percent), environmental management score (45 percent) and a disclosure score (10 percent). Newsweek produces the annual green rankings in association with environmental research organizations Trucost and Sustainalytics.
On this occasion, Anurag Behar, Chief Sustainability Officer, Wipro, said “We are pleased to be recognized in the Newsweek’s Green Company 2012 rankings. These recognitions help us to continuously assess and set higher benchmarks for our sustainability programs. It is a journey we are committed to across the organization”.
Chaya Ganapathy, Wipro Limited
Mr. Aravind Viswanathan, Investor Relations, Wipro Limited
About Wipro Limited (NYSE: WIT)
Wipro provides comprehensive IT solutions and services, including systems integration, Information Systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro also has a strong presence in niche market segments of Infrastructure Engineering and Consumer Products & Lighting. For more information, please visit our websites at www.wipro.com
Wipro's forward looking and cautionary statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.