Mphasis gets SBTi validation for emissions reduction targets
MPHASIS · price
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Mphasis announced that SBTi Services has validated its near-term and net-zero greenhouse gas emissions reduction targets. Key goals include achieving net-zero emissions across the value chain by FY 2050, cutting absolute Scope 1 and 2 emissions by 66.01 percent by FY 2036, and reducing Scope 3 emissions by 66.33 percent per USD value added in the same period. Long-term targets are 90 percent Scope 1 and 2 cut and 97 percent Scope 3 cut by FY 2050. The company already meets 57.82 percent of its energy needs from renewables and targets carbon neutrality across facilities by FY 2030. Mphasis also received a Silver Medal from EcoVadis and its CRISIL ESG score improved to 73 from 69.
No direct financial impact, but strengthens Mphasis ESG profile, supports long-term sustainability commitments, and may appeal to ESG-focused investors.