East Brunswick, New Jersey, USA and Bangalore, India - September 27, 2017:
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 World Index (DJSI) - 2017 for the eighth year in succession. Wipro has also been included in the FTSE4Good Index, another pioneering global responsible investment index, designed to identify companies that demonstrate strong Environmental, Social and Governance (ESG) practices measured against international standards.
ESG indices provide a robust decision framework for responsible investors to allocate funds and investments. It helps companies to generate superior long-term shareholder value by formally recognizing them for sustainable practices.
Inclusion in DJSI (World) index is based on a rigorous analysis of a company's performance on 21 primary criteria and more than 120 secondary criteria across Economic, Environmental and Social dimensions. A total of 2086 companies were assessed from around the world of which 320 companies have been chosen as the DJSI (World) constituents for the year 2017-18.
Being a part of indices like S&P-DJSI and FTSE4Good Index is a testament of a company's high standards of corporate governance, risk management, stakeholder orientation and ethics.
Commenting on these recognitions, Abidali Z Neemuchwala, Chief Executive Officer and Executive Director, Wipro Limited said, "It is an honor to be recognized by global indices such as S&P DJSI (World) and FTSE4Good Index. At Wipro, our deep commitment to sustainability stems from the Spirit of Wipro, our values. We see recognitions like these as affirmations of our core values and commitment. It also motivates us constantly to self-reflect, keep improving and progressing further."
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 160,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.
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.