Wipro recognizes the environmental challenges that face humanity today are as critical as are economic imperatives and hence ecological sustainability is an essential part of our approach to responsible corporate citizenship. The concerns of ecological Sustainability have become so central to all our lives that the debate has moved beyond discussing the causes and is focused on finding urgent solutions to the several problems that face us.
Understanding Life Cycle Impacts
Companies best positioned to compete in the future will be those that are able to decouple growth from unsustainable dependency on vulnerable natural resources. . And the first step is to measure and understand full life cycle impacts across the value chain and how it can inform our program design and stakeholder engagement. Through the natural capital valuation exercise (covered under the sub section “Lifecycle impacts”), we have attempted to get an overall integrated environmental impact assessment of our operations and upstream suppliers. In addition, we continue to explore additional and specific quantitative and qualitative metrics to evaluate water (see sub section “Responsible Water Framework”) and waste management in our campuses. We also would aim to baseline and set specific goals to reduce our footprint associated with key Scope 3 categories (like emissions from Business Travel and Commute), Ozone depleting refrigerants, indoor air quality and noise pollution.
Natural Capital Impacts
Natural capital can be defined as the world’s stocks of natural resources which make human life possible. Businesses rely on this natural capital to produce goods and deliver services. The overall objective of the project, (done in association with Trucost) is to quantity and value the natural capital impacts of Wipro’s IT Services operations and supply chain for the 2015-16 financial year. The valuation looks at our global operational footprint (from energy related emissions, water consumption, air/water pollution, waste generation and management, land use change) and upstream value chain impacts from business travel, employee commute and the embedded natural capital in all goods and services we procure. Operational data, business data and employee commute valuation is derived from on actual data, extrapolated for a few global locations and environmental categories. The natural capital embedded in goods and services is primarily based on valuation methodology that is based on Trucost’s econometric Input-Output model which takes into account spend across different sub-categories of procurement.