Tata Consultancy Services (TCS), (bse:532540)(nse:TCS) a leading consulting, business solutions and IT services organization, today announced that it has been ranked as the world's 7th greenest company in Newsweek's Green Rankings 2011. In addition, TCS is the highest ranked Asia-based company and second highest ranked globally in the Information Technology & Services company category.
Newsweek's Green Rankings assess each company's environmental footprint, management of that footprint, and transparency. The Green Rankings focus on the largest publicly traded companies in America and worldwide. Each list consists of the largest 500 companies by revenue (most recent fiscal year), market capitalization, and number of employees as of June 30, 2011.
"We are very pleased to be recognized for our ongoing commitment to the environment. True to the Tata spirit, TCS regards climate change mitigation and environmental improvement as essential elements of its sustainable business philosophy. TCS' corporate sustainability efforts are focused on the four dimensions around the world - workplace, environment, community, and marketplace. The first three are how TCS is focused on increasing our own greening as a company and the fourth one is how we influence our clients to be more green," said N. Chandrasekaran, Chief Executive Officer and Managing Director, TCS.
Newsweek's Green Rankings Methodology:
Newsweek's Green Rankings compare the environmental footprint, management (policies, initiatives, controversies) and transparency of the biggest companies on the planet. Published annually since 2009, this project is the first effort by a major media organization to comprehensively rank companies in this way. Newsweek teamed up with two leading environmental research organizations, Trucost and Sustainalytics, to produce the most comprehensive rankings, of 500 global and 500 US companies, available. The methodology was developed in collaboration with an advisory panel of sustainability experts. For additional details on the methodology visit:
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model(TM), recognized as the benchmark of excellence in software development. A part of the Tata Group, India's largest industrial conglomerate, TCS has over 214,000 of the world's best trained consultants in 42 countries. The Company generated consolidated revenues of US $ 8.2 billion for year ended 31 March, 2011 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.