Bangalore - January 24, 2014:
Wipro Ltd. (NYSE:WIT), a leading global information technology, consulting and outsourcing company today announced that it has been commended by CDP for the action it is taking to reduce emissions and mitigate the risks of climate change.
Wipro is featured in CDP’s Supplier Climate Performance Leadership Index (SCPLI). The SCPLI highlights those companies within CDP’s supply chain program that have demonstrated a strong approach to climate strategy and emissions reduction in their CDP responses. This program collects information on behalf of 64 multinational companies with combined annual spend of almost US $1.15trillion.
This index, compiled by FirstCarbon Solutions (FCS) on behalf of CDP, provides an evaluation tool for supply chain members and participating suppliers. In its pilot year we have 80 companies from the supply chain program represented in this year’s SCPLI, based on analysis of the 2868 responses to CDP’s 2013 supply chain questionnaire.
Speaking on the recognition, Mr Anurag Behar, Chief Sustainability Officer of Wipro Ltd, said, “We are pleased to be included in CDP Supply Chain’s climate performance leadership index. We see value in participating in such disclosure programs because it helps us constantly calibrate where we are and move the bar higher for ourselves.”
Paul Simpson, chief executive officer of CDP, commented: “Companies in the Supplier Climate Performance Leadership Index are demonstrating a clear commitment to manage their greenhouse gas emissions and take action on climate change. Organizations which work to reduce their emissions and integrate climate change issues into their business strategies have the potential for cost savings, revenue generating opportunities and, ultimately, a more resilient future.”
Robert Francisco, President of FirstCarbonSolutions, commented: “This year, FirstCarbon Solutions and CDP are publishing a list of the top performing suppliers as part of the SCPLI. 80 companies out of the 2868 that participated in this year's Supply Chain Program, including Wipro, are listed in this inaugural index which evaluates companies against each other and identifies best practices for improving climate change performance.”
About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Outsourcing 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" - helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of 140,000 serving clients across 61 countries. For more information, please visit www.wipro.com.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.
FirstCarbon Solutions (FCS) advances sustainable practices around the world and helps organizations responsibly grow and operate. As a CDP partner scoring more than 7,000 CDP disclosures globally, FCS has unique experience managing climate change, water and resource efficiency risks and opportunities. With 30+ years of environmental, sustainability and energy consulting experience, and offices around the world, FCS helps clients save time, reduce costs, optimize resource use, and drive operational efficiencies. Please visit http://www.firstcarbonsolutions.com/solutions/by-focus/cdp to find out more.
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.