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TCS: Annual GHG Emissions (2021-2022, Tonnes CO2 Equivalent)

Industry: IT Services
Current: ESG

In FY2022, TCS's total GHG emissions decreased by 16% on an annual basis
TCS’s Scope 3 emissions accounted for 69% of its total GHG emissions in FY2022
TCS aims to reduce 70% of its Scope 1 and Scope 2 emissions by 2025 and will achieve net-zero by 2030.

Water, food, and energy availability will be threatened by global warming. The primary cause of global warming is greenhouse gas (GHG) emissions. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.

Globally, the technology and communication industry contributes about 2% to 3% of greenhouse gas emissions. GHG emissions are released by industry operations such as energy consumption, product manufacture, and product use. Digital technology can reduce world carbon emissions by roughly 17%, according to the International Telecommunication Union. The technology industry can help other sectors improve their efficiency, reducing greenhouse gas emissions.

Tata Consultancy Services Ltd (TCS), a subsidiary of Tata Sons Pvt Ltd, is an information technology (IT) company. The company reported total GHG emissions of 568,992 tonnes CO2 equivalents (tCO2eq) in the financial year ending 2022, a decrease of 16% from FY2021.

Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from sources that the firm owns or controls, such as fuel burnt by the company's vehicles. Indirect GHG emissions from the generation of purchased energy, such as the electricity needed to power the company's facilities, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as the production of packaging, product transportation, and product use.

In FY2022, TCS’ Scope 3 emissions accounted for 69% of its overall GHG emissions (395,126 tCO2eq). In FY2022, the company's Scope 1 emissions were down by 2% while Scope 2 emissions increased by 27%.

TCS aims to reduce 70% of its Scope 1 and Scope 2 emissions by 2025 and will achieve net-zero by 2030.

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