Tata Consultancy Services — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2024· 31 events
Renewable energy procurement increased to 74% of total energy use in FY2024 (up from 55.2% FY23). Levers include: (1) rooftop solar PV at 10.2 MWp generating 3% of total electricity, with 260 KWp additional planned for FY25; (2) switch to green tariffs in Ahmedabad, Kolkata, Chennai, Kochi, Trivandrum; (3) open access Power Purchase Agreements (PPAs) at Ambattur and Chennai One Magnum adding ~6.5 million green units; (4) Energy Attribute Certificates (EACs) in select overseas geographies to support carbon neutrality claims. Data centre at Yantra Park uses 100% RE; Siruseri uses 73% RE.
sustainability_report p.153
In FY 2023-24, 2 additional campuses were certified to ISO 50001:2018 standards for Energy Management Systems, bringing total to 22 campuses certified across TCS India.
sustainability_report p.61
K Krithivasan appointed as CEO and Managing Director w.e.f. June 1, 2023. Rajesh Gopinathan ceased to be CEO & MD on same date.
sustainability_report p.57
67.3% of total office space in India is certified to Indian Green Building Council standards (39 offices, 25.74 million sq.ft.). Energy efficiency initiatives include VRF HVAC systems, high-efficiency VFD chillers, modular UPS (90-95% efficiency), and lifecycle replacement of HVAC equipment. Saved 16,301 MWh / 11,671 tCO2e in FY 2024 through building/IT energy efficiency. 22 campuses certified to ISO 50001:2018 Energy Management Systems.
sustainability_report p.60
Inclusion of 14 locations globally in the reporting boundary during the current year attributed to a 2.8% increase in electricity consumption.
sustainability_report p.61
Inclusions/modifications to Scope 3 in FY24: Cat 4 now includes non-IT supplies transport; Cat 5 includes waste disposal transport; Cat 6 includes hotel stays; Cat 7 now includes WFH emissions and public commute. IEA emission factors used for Cat 3 WTT vs DEFRA in FY23.
sustainability_report p.158
In FY 2023-24, TCS obtained zero waste to landfill (ZWL) certification for TCS Deccan Park facility at Hyderabad after having achieved a diversion rate of over 99% waste from landfill.
sustainability_report p.154
Company bought back 4,09,63,855 equity shares at ₹4,150/share for aggregate ₹17,000 crore. Equity shares extinguished December 13, 2023.
sustainability_report p.55
Data center PUE weighted average of 1.7 across Yantra Park and Siruseri data centers. 54 equipment rooms reduced PUE from 1.88 in FY23 to 1.76 in FY24. Initiatives include server consolidation (80kW reduction in one DC), procurement of energy-efficient IT equipment, UPS optimization, cooling optimization (return set temp 24±1°C), cold-aisle containment, blanking panels. TCS Clever Energy™ IoT platform provides real-time energy monitoring across all offices.
sustainability_report p.153
TCS launched a Supplier Sustainability Assessment Platform in FY 2022-23 to onboard top supply chain partners. In FY 2023-24, 17% of value chain partners (by spend) were successfully assessed for sustainability criteria. Green Procurement policy includes energy efficiency as a major procurement consideration. Supplier Code of Conduct (SCoC) is required as part of empanelment.
sustainability_report p.160
TCS adopted Project Aalingana, the Tata group's sustainability roadmap aiming to be net zero by 2045, with three pillars: decarbonization, circular economy, and protecting/regenerating the environment.
sustainability_report p.10
Goal to make Every TCSer GenAI Ready by 2025; over half of workforce already trained on AI/ML including GenAI.
sustainability_report p.19
Employee commuting (Scope 3 Cat 7) at 307,149 tCO2e in FY24 (up from 217,364 in FY23 due to Return to Office). Levers include: transition of company-provided cabs and buses to EVs; EV charging facilities for private vehicles; employee engagement to promote public transport. Approximately 55% of employees working from office on all weekdays.
sustainability_report p.24
Business travel (Scope 3 Cat 6) is 117,310 tCO2e in FY24 (up from 89,907 in FY23 due to post-pandemic resumption). TCS plans to reduce business travel through use of collaborative tools and technology, and use of flights with sustainable aviation fuel (SAF) or other options as commercially available.
sustainability_report p.24
67.3% of TCS India built-up area (25.74 million sq.ft across 39 offices) is certified to IGBC Green Building standards (Platinum certifications added at Sholinganallur Chennai and Deccan Park Hyderabad in FY24). Initiatives include energy-efficient AHUs, VRF systems, high-efficiency VFD chillers, modular UPS (90-95% efficiency), R-22 replacement, life-cycle equipment replacement. HVAC/lighting efficiency saved 16,301 MWh in FY2024 (~11,671 tCO2e avoided).
sustainability_report p.60
TCS achieved carbon neutrality across Scope 1 and Scope 2 in North America, UK & Ireland, Europe, Asia Pacific (including Japan), Latin America, and Middle East & Africa in FY2024. The company explicitly states it is not focusing on offsetting to drive reductions and may take up carbon cost/tax mechanism in future. No DAC, BECCS, biochar, or nature-based removals disclosed. Carbon neutrality claims are supported via EAC procurement rather than durable removals.
sustainability_report p.154
TCS has fully adopted Project Aalingana, the Tata group's sustainability roadmap, integrating sustainability into business strategy across three pillars: decarbonization of company and value chains; circular economy approach to reduce resource usage; protecting and regenerating the environment.
sustainability_report p.10
Final settlement of punitive damages from Epic Systems litigation. Following Supreme Court rejection of appeal on Nov 20, 2023, TCS paid USD 140 million on Dec 1, 2023 and provided balance USD 115 million (INR 958 crore) in FY 2024 financial statements as exceptional item.
sustainability_report p.231
Transition to EV transport fleet (cabs and buses), EV charging facilities for private employee vehicles, employee engagement to promote public transport use. For business travel, reduce travel through collaborative tools and use of flights with sustainable aviation fuel (SAF) as commercially available. Scope 3 employee commuting (Cat 7) was 307,149 tCO2e in FY 2024 — the largest scope 3 category — and business travel (Cat 6) was 117,310 tCO2e.
sustainability_report p.24
TCS reached 74% renewable energy as % of total energy consumed in FY 2024, up from 55.2% in FY 2023. Maintained 10.2 MWp rooftop solar generation capacity across campuses (3% of electricity). Switched over to green tariffs for operations in Ahmedabad, Kolkata, Chennai, Kochi, Trivandrum branches. Open access Power Purchase Agreements (PPAs) at Ambattur and Chennai One/Magnum locations added ~6.5 million green units. In certain overseas countries, Energy Attribute Certificates (EACs) procured to meet carbon neutrality. Planned additional 260 KWp rooftop solar for FY 2025.
sustainability_report p.153
Target of 3% YoY reduction in freshwater consumption across owned campuses. FY 2024 saw 18.5% increase in water consumption Y-o-Y due to increase in 'RTO' (Return to Office) by employees.
sustainability_report p.25
TCS launched its Supplier Sustainability Assessment Platform in FY 2022-23. In FY 2024, 17% of value chain partners (by spend) were assessed for sustainability criteria. Plans to engage suppliers on sustainability assessments, training and awareness to improve their sustainability performance over time. Green Procurement Policy in place; all suppliers required to abide by TCS Supplier Code of Conduct and HSE requirements.
sustainability_report p.160
Inclusions and modifications in estimating scope 3 carbon emissions during FY 2024: Cat 1 (purchased goods) saw significant increase due to new contract. Cat 3 emission factors changed from DEFRA to IEA. Cat 4 expanded to include non-IT supplies transportation. Cat 6 includes hotel stays. Cat 7 includes WFH emissions. Categories 8-15 not reported.
sustainability_report p.158
In FY 2023-24, TCS obtained Zero Waste to Landfill (ZWL) certification for TCS Deccan Park facility at Hyderabad after achieving over 99% waste diversion from landfill. Pilot project for feasibility.
sustainability_report p.154
TCS does not explicitly disclose use of durable carbon removals (DAC, BECCS, biochar). The company has achieved carbon neutrality across Scope 1 and Scope 2 in North America, UK & Ireland, Europe, Asia Pacific (including Japan), Latin America, and Middle East & Africa regions during FY 2024, achieved through a mix of energy efficiency, renewable energy procurement and where needed, Energy Attribute Certificates. The company's primary decarbonisation lever is renewable energy procurement and energy efficiency rather than removals/offsets.
sustainability_report p.153
TCS built a portfolio of 200+ sustainability services and solutions including TCS Envirozone, TCS Clever Energy and IP2 (Intelligent Power Plant solution). These solutions help customers decarbonize operations, build net-zero pathways, embed circularity, address biodiversity loss. TCS partnered with Macquarie University to launch TCS GoZero Hub for energy transition, carbon management, nature positive future, circular economy and climate adaptation themes.
sustainability_report p.10
TCS achieved carbon neutrality across Scope 1 and Scope 2 emissions in North America, UK and Ireland, Europe, Asia Pacific (including Japan), Latin America, and Middle East & Africa regions during FY 2024.
sustainability_report p.61
The Company bought back 4,09,63,855 equity shares at INR 4,150 per share for an aggregate consideration of INR 17,000 crore, representing 1.1% of total issued share capital. Shares extinguished December 13, 2023.
sustainability_report p.56
TCS' CSR programs are aligned with the United Nations Sustainable Development Goals (UN SDGs). Specific programs map to SDGs 1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 17 covering Education, Literacy, Entrepreneurship, Employment, Health & Wellness themes.
sustainability_report p.23
Reduced power consumption in one data centre by 80kW via server consolidation and optimization. Weighted average PUE at TCS data centers is 1.7 in FY 2024 (target 1.65 in FY 2025). Yantra Park data center uses 100% renewable energy; Siruseri uses 73% RE. Equipment rooms PUE improved from 1.88 in FY23 to 1.76 in FY24. TCS Clever Energy IoT platform monitors real-time energy across all offices.
sustainability_report p.153
TCS built a suite of over 200 sustainability offerings across industry verticals. Proprietary solutions include TCS Clever Energy™ (IoT/ML/AI energy optimization), TCS Envirozone™, IP2™ (intelligent power plant), and an ESG framework for compliance reporting. Investments in research on green hydrogen, biofuels, and digital platforms to help customers reduce Scope 1/2/3 emissions. Launched TCS GoZero Hub in Sydney with Macquarie University focused on energy transition, carbon management, nature positive future, circular economy, and climate adaptation.
sustainability_report p.10
2023· 34 events
TCS increased renewable energy procurement to 55.2% of total energy use in FY2023 (vs 37.2% in FY2022) through: (a) 10.2 MWp rooftop solar PV installations contributing 3.4% of total electricity; (b) switch to green tariffs in Hyderabad, Bengaluru, Indore, Bhubaneshwar, Pune and Thane; (c) a 1 MWp open access PPA at Siruseri (extending an earlier 12 MWp PPA); and (d) purchase of Energy Attribute Certificates (EACs) in certain countries. The strategy aims to support the 2030 net-zero target.
sustainability_report p.171
TCS' dedicated hyperscaler business units (AWS, Azure, Google Cloud) help clients migrate workloads from owned data centers to public cloud, reducing carbon footprint of those workloads. Over 110,000 hyperscaler-certified employees deliver this transformation.
sustainability_report p.103
Building infrastructure efficiency upgrades delivered 4,219 MWh energy savings (3,016 tCO2e reduction) in FY2023. Initiatives included energy-efficient AHU fans, VRF systems for 24x7 variable loads, oilless centrifugal chillers (magnetic/ceramic bearing), chiller plant managers, IGBT-based modular UPS, LED lighting with advanced controls, EFF1/IE3 motors, 11kV distribution, and gearless elevator motors. 64.6% of India office space is IGBC-certified green.
sustainability_report p.77
TCS' Vision 25x25 strategic lever delinks business growth from campus expansion, reducing emissions related to employee commutes and business travel by enabling distributed/remote work through the Secure Borderless Workspaces (SBWS) model.
sustainability_report p.152
Reduced absolute carbon footprint across Scope 1 and Scope 2 emissions by 71% over base year 2016, meeting 70% reduction target two years ahead of schedule despite increased electricity use from return to office.
sustainability_report p.10
Emission factors for purchased and capital goods updated to latest US EPA Supply Chain GHG Emission Factors v1.1.1 instead of outdated DEFRA 2012, resulting in 89% reduction in cat 1 and 82% reduction in cat 2 calculated emissions.
sustainability_report p.175
Tata Consultancy Services Danmark ApS was liquidated effective July 27, 2022.
sustainability_report p.73
Achieved carbon neutrality (Scope 1 + 2) in North America, UK & Ireland (excl. Diligenta), Europe, Asia Pacific (excl. Japan), Latin America, and Middle East & Africa.
sustainability_report p.77
Data center and IT device consolidation and optimization initiatives. TCS data centers achieved a weighted average PUE of 1.66 in FY2023. Green attributes are considered in every IT asset procurement.
sustainability_report p.24
TCS offers sustainability services including sustainability strategy design, innovation, consumer analytics and dashboards. IP-based solutions like TCS Clever Energy, Envirozone, IP2 and ESG Integration Solution help clients reduce their own emissions and accelerate sustainability journeys. Clients across retail, manufacturing, utilities and consumer goods engage TCS for these technology-led solutions.
sustainability_report p.103
TCS' dedicated business units for AWS, Azure and Google Cloud help clients migrate workloads from owned data centers to hyperscaler clouds, significantly reducing their carbon footprint. TCS is one of the largest partners to each hyperscaler with over 110,000 cloud-certified employees. Solutions like TCS Clever Energy™, Envirozone™, IP2™ and ESG Integrator help customers measure and reduce their own emissions.
sustainability_report p.334
TCS achieved carbon neutrality across Scope 1 and Scope 2 in North America, UK & Ireland (excl. Diligenta), Europe, APAC (excl. Japan), Latin America and Middle East & Africa during FY2023, using market-based instruments including offsets (CERs/VERs). The report does not disclose specific durable removal mechanisms such as DAC, BECCS or biochar. Focus is on emissions reduction through efficiency and renewables, with offsets compensating residual emissions to reach net-zero by 2030.
sustainability_report p.77
TCS aligns its CSR programs with UN Sustainable Development Goals including SDGs 1, 3, 4, 5, 6, 8, 9, 10, 11, 17 across education, literacy, entrepreneurship, youth employment, health and wellness programs.
sustainability_report p.23
Target: 3% YoY reduction in freshwater consumption across owned campuses. Initiatives include conservation, sewage treatment and reuse, rainwater harvesting. New campuses designed for 50% higher water efficiency.
sustainability_report p.25
In FY2023, TCS launched its Supplier Sustainability Assessment Platform and initiated onboarding of top supply chain partners. System-enabled database checks and risk profiling of top 80% suppliers by spend implemented. Of these, 20% completed sustainability assessment for environment criteria. Green Procurement Policy and Sustainable Supply Chain Policy guide responsible sourcing.
sustainability_report p.177
During FY2023, HVAC system upgrades (energy efficient AHUs, VRF systems, oilless centrifugal chillers, chiller plant manager) delivered 505,266 kWh savings. UPS efficiency projects (IGBT-based, modular UPS) delivered 333,448 kWh savings. Other initiatives include LED lighting with advanced controls, EFF1/IE3 high-efficiency motors, 11kV power distribution. Total energy efficiency savings: 4,219 MWh equivalent to 3,016 tCO2e reduction in FY2023.
sustainability_report p.77
TCS' strategy emphasises absolute emissions reduction over offsets. The company achieved 71% reduction in Scope 1+2 emissions vs 2016 baseline through energy efficiency and renewable procurement. Where carbon neutrality is claimed in specific geographies, offsets are used to compensate residual emissions. TCS has committed to SBTi's Business Ambition for 1.5°C in June 2022 and is developing targets for validation. No specific durable removals (DAC/BECCS) program is disclosed.
sustainability_report p.170
36 TCS offices with over 23.68 million sq ft of office area are certified green buildings by Indian Green Building Council (IGBC), making up 64.6% of TCS' total real estate portfolio in India. All new campuses are designed to green building standards for energy and resource efficiency, with 50% higher water efficiency, 100% sewage treatment and recycling, and rainwater harvesting.
sustainability_report p.170
TCS' IoT-based Real-time Energy Management System (TCS Clever Energy™) involves real time monitoring to optimize operational energy efficiency across all offices. Chiller optimization, AHU optimization, AC schedule changes and elimination of non-peak hour energy wastage delivered 3.38 Mn kWh energy savings. Data centers achieved weighted average PUE of 1.66.
sustainability_report p.176
Renewable energy sources make up 55.2% of TCS' total energy consumption in FY2023, up from 37.2% in FY2022 and 7.25% in 2016. The mix includes 10.2 MWp of rooftop solar PV across campuses (contributing 3.4% of total electricity), open access power purchase agreements (1 MWp signed at Siruseri as extension to previous 12 MWp PPA), and switch to green tariffs in Hyderabad, Bengaluru, Indore, Bhubaneshwar, Pune, and Thane. TCS achieved carbon neutrality across Scope 1 and Scope 2 in North America, UK & Ireland (excl. Diligenta), Europe, APAC (excl. Japan), Latin America, and Middle East & Africa.
sustainability_report p.171
TCS is certified to ISO 50001:2018 standards for Energy Management Systems (EnMS) across 19 campuses in India of which 14 campuses were included in FY 2023.
sustainability_report p.77
For India geography, CEA user guide 18.0 (Dec 2022) emission factor of 0.715 tCO2/MWh (including RE) has been considered for FY2023, replacing the weighted average conventional emission factor used previously. This is a more appropriate factor since TCS procures from a mixed grid.
sustainability_report p.170
TCS is certified to ISO 45001:2018 Occupational Health and Safety Management System standard across 127 of its facilities worldwide as on 31 March 2023, covering 81% of office footprint and >94% of people footprint.
sustainability_report p.158
Cat 1 & 2: Switched from outdated DEFRA 2012 spend-based to latest US EPA Supply Chain GHG Emission Factors, resulting in 89% reduction in Cat 1 and 82% in Cat 2. Cat 3: Added WTT of fuels beyond just electricity. Cat 4: Added non-IT supplies and waste disposal transport. Cat 6: Added hotel stays. Cat 7: Added personal/public commute in India and WFH emissions.
sustainability_report p.175
TCS' Secure Borderless Workspaces (SBWS) and Location Independent Agile model reduces business travel and enables remote delivery. However business travel emissions (Cat 6) increased to 89,907 tCO2e in FY2023 from 35,043 tCO2e in FY2022 as in-person engagement resumed post-pandemic. TCS is rebuilding travel norms post return-to-office while preserving distributed delivery capabilities.
sustainability_report p.175
Inclusion of 22 locations globally in the reporting boundary during the current year, contributing to 33.3% increase in electricity consumption YoY.
sustainability_report p.77
TCS includes 'Urban Biodiversity' conservation as integral part of Environmental Sustainability Policy. Biodiversity action plan implemented across 18 TCS campuses in India. Campuses are home to 590+ flora species, 180+ fauna species, including 10 IUCN endangered/threatened species.
sustainability_report p.176
In FY2023 added: Category 3 well-to-tank emissions (vs only electricity WTT in FY22); Category 4 expanded to non-IT supplies and waste disposal transport; Category 6 added hotel stays during business travel; Category 7 added private/public employee commute in India and global WFH.
sustainability_report p.175
Rajesh Gopinathan stepped down as CEO & MD effective May 31, 2023 after 6 years. Board appointed K Krithivasan as CEO & MD effective June 1, 2023 for a 5-year term.
sustainability_report p.74
TCS is certified to ISO 50001:2018 Energy Management Systems across 19 India campuses, of which 14 were added in FY2023.
sustainability_report p.77
TCS' Clever Energy IoT-based real-time energy management system delivered 3.38 million kWh energy savings in FY2023 through chiller optimization, AHU optimization, AC schedule changes, and elimination of non-peak hour energy waste. The platform is also commercialized to help clients achieve their sustainability goals.
sustainability_report p.176
For Scope 2 emissions, CEA user guide 18.0 Dec 2022 emission factor of 0.715 tCO2/MWh (including RE) considered for India for FY2023. Previously used weighted average conventional factor as RE-inclusive was unavailable.
sustainability_report p.170
Tata Consultancy Services Asia Pacific Pte. Ltd. acquired additional 6.8% ownership in Tata Consultancy Services (China) Co., Ltd. for INR 25 crore, making it a wholly owned subsidiary.
sustainability_report p.249
Target: 3% YoY reduction in freshwater consumption across owned campuses.
sustainability_report p.25
2022· 5 events
Company bought back 4,00,00,000 equity shares at INR 4,500/share for aggregate INR 18,000 crore (1.08% of paid-up equity). Shares extinguished March 29, 2022.
sustainability_report p.72
In June 2022, TCS responded to SBTi's urgent call for corporate climate action by committing to align with 1.5°C and net-zero through the Business Ambition for 1.5°C campaign. TCS is working on next steps to develop company targets for validation by SBTi.
sustainability_report p.170
In June 2022, TCS responded to SBTi's urgent call for corporate climate action by committing to align with 1.5°C and net-zero through the Business Ambition for 1.5°C campaign.
sustainability_report p.152
In June 2022, TCS responded to SBTi's urgent call for corporate climate action by committing to align with 1.5°C and net-zero through the Business Ambition for 1.5°C campaign. Working on next steps to develop targets for SBTi validation.
sustainability_report p.170
The Company bought back 4,00,00,000 equity shares for ₹18,000 crore being 1.08% of total paid up equity share capital at ₹4,500 per share. Shares extinguished on March 29, 2022.
sustainability_report p.72
2021· 21 events
In May 2021, TCS set carbon target of 70% reduction of absolute Scope 1 + 2 emissions by 2025 (vs base year 2016) and Net Zero by 2030.
sustainability_report p.318
The Company has identified two markets and two delivery centers where it will become carbon neutral before the close of FY 2022.
sustainability_report p.169
Achieved target power utilization efficiency (PUE) of 1.65 across 21 of 23 target data centers. Weighted average PUE of 23 DCs reduced to 1.66 in FY2021 from 2.54 in 2014. Extended program to 44 additional DCs reducing weighted average PUE of all DCs to 1.77 from 2.4 in 2017. Enablers: modular UPS, cold aisle containment, in-row cooling, rear door heat exchanger with water cooled rack, and high-density virtualized hosting.
sustainability_report p.171
Scope 3 business travel and employee commuting — historically ~60% of value chain emissions — each saw >95% reduction in FY2021 driven by SBWS remote-working model. Vision 25x25 is expected to make this structurally smaller in the longer term, even post-pandemic. TCS invested in remote connectivity, data security and collaboration tools to enable seamless business interaction without travel.
sustainability_report p.172
The Company's path to net-zero emissions by 2030 leverages Vision 25x25 (structurally smaller environmental footprint via hybrid working) along with carbon removal offsets. The report does not currently disclose specific durable removal volumes (DAC/BECCS/biochar) or vintage policy; removals are referenced as a residual tool alongside energy efficiency and renewables.
sustainability_report p.169
Over 60% of TCS' India office space is designed to LEED green building standards. The IoT-based Remote Energy Management System with cognitive AI/ML algorithms redefined a 'new normal' consumption profile during the pandemic and drove additional optimization, saving ~0.4 million kWh through UPS and server room consolidation. Five campuses (Synergy Park, Sahyadri Park, TCS Center Kochi, Garima Park, Siruseri) are ISO 50001:2018 certified.
sustainability_report p.171
TCS is a signatory to the UN Global Compact (since 2006) and aligned with its ten principles. Also one of the earliest companies in India to participate in the Carbon Disclosure Project (CDP).
sustainability_report p.103
TCS' Sustainable Supply Chain Policy and Green Procurement Policy outline commitment to a more responsible supply chain. In FY2021, sustainability/safety/environmental requirements were integrated into the online vendor management system across selection, review and renewal stages. Responsible sourcing program encourages suppliers to go beyond 100% regulatory compliance.
sustainability_report p.121
Equity stake in Technology Outsourcing S.A.C. sold to Banco Pichincha Peru at book value on December 1, 2020; ceased to be subsidiary.
sustainability_report p.51
TCS' total renewable energy use in FY2021 was 45.5 million units (kWh) — 15.6% of total electricity consumption. On-site rooftop solar capacity expanded to 8.1 MWp generating 11 million units (2.5% of electricity); the balance was procured through third-party Power Purchase Agreements. In FY2021 solar PV technology was upgraded from polycrystalline to monocrystalline PERC, boosting project capacity by 13% and generation by 17% in the same rooftop space. An elevated solar installation was piloted over the lake at Synergy Park campus, Hyderabad to leverage water cooling.
sustainability_report p.57
The Company set a new carbon reduction target: reduce absolute Scope 1 + Scope 2 GHG emissions by 70% by 2025 over a 2016 base year, and aspires to achieve net-zero emissions by 2030. This replaces the previously achieved target of halving specific carbon footprint by 2020 vs FY2008 baseline.
sustainability_report p.169
TCS set a target to reduce its absolute Scope 1 and Scope 2 emissions by 70% by 2025 (vs base year 2016) and become net zero by 2030. The company achieved 80% reduction in FY 2024, exceeding the near-term target a year ahead of schedule.
sustainability_report p.24
By 2025, no more than 25% of employees would need to be at a TCS facility at any point in time, and no individual would have to spend more than 25% of their time at a TCS facility to be 100% productive.
sustainability_report p.14
The Company recorded a provision of ₹1,218 crore (US $165 million) towards the Epic Systems legal claim as an 'exceptional item' in the FY2021 statement of profit and loss following Appeals Court rulings. A Letter of Credit for US$440M was made available to Epic as financial security pending post-appeal proceedings.
sustainability_report p.246
Large-scale switch to remote working via Secure Borderless Workspaces (SBWS) operating model resulted in only 3-4% facility occupancy through FY2021. Absolute energy consumption down 46.6% YoY and Scope 1+2 carbon footprint down 48.8% YoY. The company notes specific carbon footprint data (0.54 tCO2e/FTE) is presented for continuity but is 'not comparable with the earlier year' due to pandemic distortions.
sustainability_report p.57
TCS committed to imparting digital skills and capabilities to at least 5 million youths by 2025 through programs like Ignite My Future in School, goIT, BridgeIT, and Youth Employment Program.
sustainability_report p.169
Company bought back 5,33,33,333 equity shares at ₹3,000 per share (1.42% of paid-up equity) for aggregate ₹16,000 crore via tender offer. Shares extinguished on January 6, 2021. Total payout (incl tax) ₹19,726 crore.
sustainability_report p.48
On January 1, 2021, TCS Netherlands BV acquired 100% of Postbank Systems AG, Deutsche Bank's captive IT services unit, for a symbolic €1. ~1,500 employees became part of TCS, strengthening German scale.
sustainability_report p.51
TCS' community initiatives are mapped to UN Sustainable Development Goals. Reports alignment with SDGs 1 (Poverty), 2 (Hunger), 3 (Health), 4 (Education), 5 (Gender), 6 (Water), 8 (Decent Work), 9 (Industry/Innovation), 10 (Inequalities), 11 (Sustainable Cities), 12 (Responsible Consumption), 13 (Climate Action), 17 (Partnerships).
sustainability_report p.146
TCS sees greater decarbonization potential by enabling customers than within its own boundary. Launched TCS Clever Energy™ — an IoT/AI/cloud digital-twin energy and emission management system for commercial/industrial customers. TCS Envirozone™ suite (O-Zone for responsible sourcing, iCloseLoop for circular packaging/recycling marketplace, Net-Zero for value-chain emissions accounting) supports customers' net-zero, circular economy and supply-chain sustainability journeys. Also planning strategic carbon-neutral operations partnerships with customers.
sustainability_report p.169
Acquired over 1,500 staff and select assets of Pramerica Systems Ireland Ltd from Prudential Financial Inc. New subsidiary Tata Consultancy Services Ireland Limited incorporated Dec 2, 2020.
sustainability_report p.51
2020· 3 events
TCS set target of 70% reduction in absolute Scope 1+2 emissions by 2025 (vs base year 2016) and Net Zero by 2030.
sustainability_report p.24
Epic Systems Corporation filed legal claim against TCS in 2014 alleging unauthorized access to confidential information. In Aug 2020, Appeals Court vacated $280M punitive damages award. TCS provided ₹1,218 crore (US$165M) in Q2 FY21. In April 2022, Epic invoked ₹1,151 crore (US$140M) from Letter of Credit for compensatory damages. In July 2022, District Court affirmed punitive damages at ₹1,151 crore which TCS is appealing.
sustainability_report p.242
TCS set target to reduce absolute Scope 1+2 emissions by 70% by 2025 (vs base year 2016) and achieve net zero by 2030. The 70% reduction target was achieved in FY2023, two years ahead of schedule (71% reduction).
sustainability_report p.24