HCL Technologies Limited has informed the Exchange regarding 'Release - HCLTech Grant Americas second edition awards $1 million to three NGOs to create scalable solutions to combat climate change '.
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HCLTech has awarded $1 million in total through the second edition of its HCLTech Climate Action Grant in the Americas to three NGOs working on climate solutions. Osa Conservation (Costa Rica) won $500,000 for its Climate Lifeboat corridors project helping species migrate across fragmented habitats. Daily Acts (California) and Ocean Wise (Canada) each received $250,000 for community climate resilience and kelp forest restoration projects respectively. Applications grew over 70% year-on-year, with registrations up 34% from 10 eligible countries. The grant programme, launched in 2023, has committed $5 million over five years, and HCLTech has invested over $175 million in CSR programmes overall.
This is a CSR and ESG announcement with no direct financial impact on shareholders or stock price. It reinforces HCLTech's sustainability positioning, which has been recognised by S&P Global, but is a brand-building exercise rather than a revenue or cost driver.