Transcription of Infosys Sustainability Report 2011-12
1 ProductsPlatformsCloudGlobal talentTransformationInnovationOptimizati onSustainabilitySolutionsConsultingMobil ityKnowledgeIntegrationIntellectual propertyEngagementPartnershipInfosys responsiblySustainability Report 2011 -12 Sustainability Report 2011 -12 Growing responsiblyInfosys Growing responsiblyBuilding and nurturing the larger ecosystem around us ensures the success of a corporation. We look at sustainable practices as an opportunity to apply our core strengths for social good, and innovate to create winning solutions.
2 This holistic view of business helps us consistently work towards the expectations of our stakeholders. Business responsibility to us is about earning the respect of our stakeholders in everything we do. For Infosys , Sustainability means that while we add value for our stakeholders customers, employees, investors, and the society we also need to be conscious of building a tomorrow that is sustainable. S. D. ShibulalChief Executive Officer and Managing DirectorThis page is left blank intentionallySustainability Report 2011 -12 Growing responsibly | 1 ContentsAbout the Report .
3 2 Organization profile .. 3 Executive Co-Chairman s message .. 4 Awards and accolades .. 5 Sustainability at Infosys At a glance .. 6 Materiality, scope and stakeholder inclusivity .. 7 Social contract .. 11 Investing in education .. 12 Philanthropy matters .. 13 Resource intensity .. 31 Green initiatives .. 32 Green innovation .. 41 Green innovation : A call for transformation .. 42 Summary and goals .. 49 United Nations Global Compact.
4 51 Business Responsibility Report .. 51 Independent assurance statement .. 52 GRI application level .. 54 GRI reporting framework Content index .. 56 Acronyms .. 66 Contacts .. 67 Sustainability Report 2011 -122 | Growing responsiblyAbout the Report Our Sustainability reporting is not limited to this Report alone. Our strategy actions and outcomes on Sustainability are regularly updated on our website Sustainability tracksWe believe that our actions today must have a positive impact on our tomorrow, both for us and for the world.
5 We envision a better future where we have made a difference by enhancing global Sustainability practices. To make this vision a reality, we have identified the following three Sustainability tracks and pledged to continue our journey : Social contract : Today, enterprises have an extended set of stakeholders local communities, social organizations and the society with the ability to influence the future of business. These stakeholders have ethical, social and environmental expectations that extends beyond financial goals and legal requirements implicit social contracts that enterprises must honor.
6 We believe that these social covenants are fundamental to nurture stakeholder trust and ensure business intensity : In the face of accelerated depletion of natural resources, incremental increases in resource efficiencies are not sufficient and beyond a point, optimization gets prohibitively expensive. Resource intensity is about doing far more with far less. It is about finding transformational ways to de-intensify and achieve the same or better outcome using fewer innovation : Business imperatives like environmental sustenance and resource conservation are providing new opportunities for enterprises to leverage and stimulate innovation and spur business growth.
7 Green innovation is about addressing Sustainability challenges through innovation, differentiation, driving efficiencies and creating new avenues for growth, to become our Sustainability Report 2011 -12, we have provided details of actions and the progress made in these three tracks. Sustainability at Infosys Sustainability is a business imperative for us and therefore, not optional. We have always adhered to sustainable practices in our daily operations and helped clients conduct their businesses in a sustainable manner.
8 This Report details the activities, initiatives and tasks implemented during 2011 -12 and covers the economic, environmental and social dimensions of our Sustainability strategy. We have a multi-horizon strategy planning process. Our business objectives span four performance dimensions finance, clients and markets, operational excellence, global talent and leadership. These are balanced between the short and the medium terms. Our corporate performance objectives to be achieved during the year are encapsulated in the corporate scorecard, which has the performance metrics and targets.
9 Our corporate performance is measured, monitored and managed on an on-going have adopted the Global reporting Initiative (GRI) framework for our Sustainability Report . This reporting framework allows us to maintain transparency in reporting and disclosing our to the GRI Index section in this Report for more details. We are a signatory of the United Nations Global Compact (UNGC). Refer United Nations Global Compact section in this Report for more have self-declared the application level at A+. We also seek external assurance for our Sustainability Report .
10 Det Norske Veritas AS (DNV) is our external auditor and independent assurance provider. DNV has evaluated our Report and has provided the assurance statement for Application Level A+. GRI has evaluated our Report and has provided A+ as the application to the GRI application level and Independent assurance statement sections in this Report for more have participated in the Dow Jones Sustainability Index (DJSI) assessment this year since we believe that this will add value in benchmarking ourselves with the best of our peers in the industry and also benefit our stakeholders.