Infosys becomes first IT firm to file sustainability report

Global software major Infosys ltd became the world's first IT firm to file a sustainability report based on the latest global reporting initiative (GRI) framework, the IT bellwether said here Wednesday.

"As a value-driven company, we follow the highest levels of disclosure, besides ensuring compliance with the laws of the land. "The sustainability report demonstrates our reporting practices and addresses expectations of our stakeholders," the $8.3-billion company said in a statement.

GRI's fourth generation (G4) is the widely respected sustainability reporting framework, worldwide. Reporting as per G4 guidelines demonstrates the company's commitment to advocate the adoption of integrated reporting practices globally.

The company's integrated reporting framework provides synergy between its economic, social and environmental strategies, action plans and desired outcomes.

"The framework has helped us achieve our sustainability goals, reducing per capita electricity and fresh water consumption by 44 percent and 35 percent during the last fiscal (2013-14)," the statement said.

The company's sustainability efforts have recently won gold at the Ashden awards in london, considered the Green Oscars, for its achievements in building energy efficiency. The company also contributed to the well being of local communities through various projects undertaken by its foundation.