Bangalore, India and East Brunswick, New Jersey, USA - November 21, 2016:
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been selected as a member of the global Dow Jones Sustainability Index (DJSI) - 2016 for the seventh year in succession. Wipro is included in both the DJSI World and Emerging Markets Indices.
A total of 1,986 companies were assessed from around the world of which 316 have been chosen as the DJSI World constituents for the year 2016-17. The IT Services sector saw 91 companies participating globally of which nine have been selected for the World Index.
DJSI is a leading global indicator tracking the financial performance of companies across all industries that outperform on Sustainability. The selection was done based on an exhaustive, rigorous evaluation of Wipro's sustainability performance on several dimensions spanning economic, environment and social sustainability - a few examples are Climate Change Performance, Corporate Governance, Innovation, Labor Practices and Digital Inclusion.
Separately, Wipro is first in the list among the 100 most sustainable corporations in Asia, in the annual Channel NewsAsia Sustainability Ranking list. The ranking is based on an extensive independent analysis done by Sustainalytics, an environmental, social and governance research and analysis firm. The annual Channel NewsAsia Sustainability Ranking identifies and celebrates leading firms in corporate sustainability across ten key Asian economies.
Wipro has also been featured in the 'A List' of Carbon Disclosure Project's (CDP) global report, and the India Climate Change Report 2016. Among 193 global companies, Wipro is one of the two Indian companies, featured in the 'A List of CDP's global report. It is also one among the 62 companies decoupling emissions from revenue, proving that low carbon transition does not necessarily mean lower revenue. Wipro is among the few companies in India which have aligned its carbon emissions targets with the latest climate science for a 2˚C pathway.
Commenting on this recognition, Anurag Behar, Chief Sustainability Officer, Wipro Limited said, "It is an honour for us at Wipro to be included in these global recognitions for years in succession. We value these assessment processes as their rigorous and comprehensive approach helps us to constantly review and strengthen our sustainability programs across economic, ecological and social dimensions."
About Wipro Limited.
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents. For more information, please visit www.wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements 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. 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.