Infosys earns highest ESG scores, ranks first among top 100 companies in India

8 Apr 2022 , 09:00 AM

Infosys has announced that it has topped Stakeholders Empowerment Services’ (SES) Environment, Social, Governance (ESG) score in their latest report ‘ESG Scores – Top 100 Listed Companies in India’.

SES, a corporate governance research and advisory firm, assessed the ESG performance of top 100 listed companies across 17 sectors in India. Infosys was recognized for receiving the highest average overall score of 80 on 100 which equals to an ‘A’ grade.

In the SES scoring model, companies were assessed based on FY2019-20 data and broadly on four parameters: Policy, Environment, Social, and Governance. Infosys scored 92 in policy disclosures, 76 in Environment, 75 in Social, and 84 in governance. The analysis was conducted using SES’ proprietary evaluation model to garner insights from 315 pre-determined questions, 1,239 parameters and 2,200+ individual data points, all based on public disclosures.

The proprietary model was developed by SES and was vetted by technical partners. The report also acknowledged Infosys’ efforts in shaping and sharing solutions that serve the development of businesses and communities sustainably.

J.N. Gupta, Managing Director, Stakeholders Empowerment Services, said, “We congratulate Infosys, its Board and Management for their commitment to excel leading to their all-round performance on the Environment, Social and Governance fronts. Infosys’ performance is all the more commendable as many of the parameters are not mandated but disclosed voluntarily. The SES model has taken into account Indian regulations.

As ESG is an evolving area, SES is hopeful that performance of Indian companies will improve over the next two years when SEBI Regulations on Business Responsibility and Sustainability Reporting (BRSR) are implemented and corporates, in order to excel and attract green capital, make ESG an area of focus. As ESG models and weightages differ from agency to agency, such scores may not be strictly comparable. SES has used the SASB Materiality map to fix weightages as well as industry classification.”

Nilanjan Roy, Chief Financial Officer, Infosys, said, “At Infosys, we believe that embracing a strong ESG agenda is necessary to deliver value to all our stakeholders. We remain committed to redoubling our ESG efforts as we focus on growing our business sustainably. We are proud to have set the benchmark in ESG practices and we thank SES for this recognition.”