Virtusa Earns CDP’s “Leadership Band” for Initiatives to Mitigate Climate Change
Company Recognized with A-Score for Continuous Effort
SOUTHBOROUGH, Mass., Jan. 26, 2022 (GLOBE NEWSWIRE) — In recognition of his continued actions to fight climate change, Virtusa Corporation received an A- rating for its response to climate change from the Carbon Disclosure Project (CDP), placing the company in the global leadership band. Virtusa was among the top rated companies for climate change in the IT and software development sector, which had an average score of “C”.
Overall, Virtusa was recognized for its actions to reduce emissions, mitigate climate risks and grow the low-carbon economy based on data reported by the company through the CDP 2021 questionnaire on climate change. Virtusa scored high in the CDP report due to numerous ESG achievements, including:
Governance structure in place to support its ESG program.
Emission reduction initiatives such as investing in energy efficient lighting and improving HVAC systems.
Investment in renewable energy where Virtusa invested $1 million in solar energy in 2021.
Virtusa’s environmental management system, internally dubbed Code Green, has three pillars: operating energy-efficient facilities that reduce our environmental footprint, reducing the environmental footprint of software developed for customers, and using technologies energy efficient. Currently, Virtusa is exploring the possibility of aligning its emission reduction targets with science/net zero targets. In addition to emissions reduction activities, Virtusa has initiatives for water and waste management with plans to increase rainwater harvesting capacity in 2022 and goals to achieve zero e-waste to landfill. Virtusa’s global ESG framework focuses on health and safety, business continuity management, information security, labor standards and diversity, anti-bribery and anti-corruption , as well as management commitment and social impact.
“Virtusa achieved this high score thanks to our team’s personal belief in protecting the planet, as their dedication and sense of purpose continue to shine through every day,” said Denver De Zylva, senior vice president of services. shares of Virtusa. “This speaks to the strong foundation we have built in managing our environmental footprint, and further underlines our commitment to integrating the 10 principles of the UN Global Compact into our operations and contributing to the Sustainable Development Goals. Our ESG governance and short-, medium- and long-term emissions reduction targets, as well as our investments in renewable energy, have all helped Virtusa achieve this score.
“Companies have a vital role to play in tackling the climate crisis, and the crucial first step is for companies to disclose environmental data and impacts through CDP,” said Simon Fischweicher, Head of Companies and Channels. procurement, CDP North America. “We congratulate Virtusa on earning an A- for its 2021 climate change disclosure. Virtusa has demonstrated strong environmental action and we look forward to seeing the company continue to set and achieve ambitious sustainability goals.”
CDP’s annual environmental reporting and rating process is widely recognized as the gold standard for corporate environmental transparency. In 2021, more than 590 investors with over $110 trillion in assets and 200 major buyers with $5.5 trillion in procurement spend asked companies to disclose data on impacts, risks and opportunities environmental via the CDP platform. A record number of 13,000 companies responded.
A detailed and independent methodology is used by CDP to assess these companies, assigning a grade from A to D based on completeness of disclosure, awareness and management of environmental risks and demonstration of associated best practices. environmental leadership, such as the implementation of ambitious and significant initiatives. targets. Those who do not disclose or have provided insufficient information are marked with an F.
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock value through innovative engineering. Virtusa serves Global 2000 companies in banking, financial services, insurance, healthcare, communications, media, entertainment, travel, manufacturing and technology.
Virtusa helps customers grow their business with innovative products and services that create operational efficiencies using the digital workforce, scalable operational and IT platforms, and streamlining and modernizing enterprise infrastructure. computer applications. This is achieved through a unique approach that combines deep contextual expertise, strengthened agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled speed through a culture of cooperative disruption.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
CONTACT: Media Contact Matt Berry Conversion Marketing [email protected]