Bangalore, India - December 16, 2010:
Wipro became the first Indian company to join Greenpeace’s CoolIT Leaderboard rankings that assesses companies on their commitments and actions on energy and climate solutions. It featured in the top 10 of a list that includes many global IT majors.
Greenpeace (GP) released Ver 4 of the CoolIT Leaderboard rankings at Cancun, where this year’s global climate change meet is being held. According to the report, Wipro stands out for its transparent mitigation plan that front loads energy efficiency and direct renewable energy purchase and installation.
Mr. Anurag Behar, Chief Sustainability Officer at Wipro said, “IT companies can and need to be catalysts for the kind of change that the energy sector requires today to build a sustainable ecosystem. We are happy to be in the top ten in our very first instance of participation. The ranking is a reflection of our commitment to making sustainability integral to our business; something which we will continue to emphasize and build upon in the coming years.”
The CoolIT Leaderboard evaluates top IT companies across the spectrum on their efforts to provide economy-wide climate solutions, reduce emissions from their own operations, and lobby for science-based climate and energy policies. The latest assessment of 17 global IT companies by Greenpeace reveals signs of climate leadership and penalizes inaction.
Wipro’s sustainability initiatives include - working jointly with education and civil society networks on sustainability programs, engaging with government bodies to shape policies on green, minimizing Wipro’s internal footprint on energy, water and waste and providing products and solutions that enable customers to become greener.
About Wipro Ltd
Wipro Limited 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. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wipro.in
Wipro's forward looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions 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 our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect 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, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our 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 http://www.sec.gov/. Wipro 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. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
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