The company will invest Rs 70 crore on initiatives such as installing solar projects for rural electrification, biogas plants and distribution of smokeless cook-stoves in villages, says report.
Infosys is planning to invest about Rs 400 crore over the next four years to achieve carbon-neutrality, according to report.
Report said that the company will have to offset 3.74 lakh tonne of carbon dioxide attributed to employees' travel.
The company will invest Rs 70 crore on initiatives such as installing solar projects for rural electrification, biogas plants and distribution of smokeless cook-stoves in villages, says report.
The Climate Group announced that one of India’s largest Information Technology corporations has become the first Indian company to join RE100, a global platform for major companies committed to 100% renewable power.
Infosys has taken great strides during the past seven years to become sustainable in its operations. As part of its commitment to RE100, Infosys aims to become carbon neutral by 2018. The company is already working to reduce its per capita electricity consumption by 50 per cent from its 2007-2008 levels and source all its electricity from renewable resources by 2018.
Ramadas Kamath, Executive Vice President and Head - Infrastructure and Sustainability, Infosys, said: “We are working towards building a clean energy future. Expanding the share of renewables is key to addressing the chronic energy crisis our country is facing today. By taking the first step towards hundred per cent renewables, we want to lead the way in creating a sustainable future and bring about an energy transformation in India.”
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