Mphasis' Emissions Targets Validated by SBTi

Mphasis has announced the validation of its near-term and net-zero greenhouse gas (GHG) emissions reduction targets by the Science Based Targets initiative (SBTi) Services. This validation marks a significant step in the company's commitment to climate action. Mphasis aims to reduce emissions across its value chain, with specific targets including achieving net-zero GHG emissions by FY 2050. Near-term goals involve reducing absolute Scope 1 and 2 emissions by 66.01% and Scope 3 emissions by 66.33% per USD value added by FY 2036, using FY 2025 as the baseline. Long-term targets include a 90% reduction in Scope 1 and 2 emissions and a 97% reduction in Scope 3 emissions by FY 2050. The company also reported that renewable sources currently meet 57.82% of its energy needs and it aims for carbon neutrality across its facilities by FY 2030. Mphasis has also received recognition for its sustainability efforts, including a Silver Medal from EcoVadis and an improved CRISIL Core ESG score.