Mphasis Earns EcoVadis Silver Medal, Ranks in Top 15% Globally for Sustainability Excellence

Recognized for its commitment to sustainable and responsible business practice

Mphasis, (BSE: 526299; NSE: MPHASIS), a global AI-led, platform-driven technology solutions provider, today announced that it has been awarded the EcoVadis Silver Medal for 2026, placing the company among the top 15% of more than 130,000 companies assessed globally across 200 industries and 175 countries. The company improved its overall EcoVadis sustainability score from 55 in 2025 to 75 in 2026, a 20-point increase in just over a year, reflecting the progress it has made in strengthening its environmental, social and governance (ESG) practices.

The rating reflects Mphasis' continued focus on responsible governance, human rights, environmental stewardship and sustainable business practices. The company's improved performance across all four EcoVadis assessment pillars highlights the progress made in embedding sustainability across its operations and value chain.

• Environment: 82/100 (+34 points), revealing stronger environmental management, expanded Scope 1, 2 and 3 emissions reporting, measurable targets for energy, emissions and waste, and continued progress towards its commitment to achieve carbon neutrality by 2030.
• Labour & Human Rights: 76/100 (+21 points), indicating improvements in workplace health and safety, employee well-being, diversity and inclusion, supported by ISO 45001 certification and recognition as a Great Place to Work 2025-26.
• Ethics: 73/100 (+14 points), showcasing stronger anti-corruption practices, information security controls, whistleblower mechanisms and ethics awareness across the organisation.
• Sustainable Procurement: 67/100 (+11 points), reflecting improvements in responsible sourcing through supplier sustainability standards, ESG requirements in supplier contracts and supplier engagement programmes.

“At Mphasis, sustainability is not a standalone initiative, it is embedded in how we run our business and create long-term value. This improvement in our score reflects the progress we've made integrating ESG into our strategy, operations, and culture. While we are encouraged by this achievement, we see it as one milestone in a much larger journey. We remain committed to reducing our environmental footprint, fostering an inclusive workplace, strengthening responsible governance, and working closely with our partners to build a more sustainable future," said Deepa Nagraj, Senior Vice President & Global Head - ESG, Sparkle Innovation Ecosystem, and Communications, Mphasis.

The EcoVadis Silver Medal builds on Mphasis' broader sustainability agenda. The company is committed to achieving carbon neutrality by 2030 through the Science Based Targets initiative (SBTi), reports climate performance to the Carbon Disclosure Project (CDP), aligns its sustainability reporting with the GRI Universal Standards, and tracks its contribution to the United Nations Sustainable Development Goals (SDGs). Mphasis has also been recognised in the S&P Global Dow Jones Sustainability Indices (DJSI) and the S&P Global Sustainability Yearbook 2024, reinforcing its continued commitment to responsible and sustainable growth.

Key ESG Highlights for FY 2025

• 35.03% of Mphasis' workforce comprises women, with women representing 35.06% of STEM roles.
• Met 58% of its total energy requirements through renewable sources and achieved 100% wastewater recycling across its campuses.
• Invested INR 398.14 million in community development initiatives through its CSR programmes.
• Assessed 100% of new suppliers against environmental and social criteria while managing a network of more than 5,400 active vendors.
• Delivered an average of 31.8 hours of learning and development per employee during the year.
• Large-scale ecosystem restoration projects, such as plantation of 1,00,000 trees at the Doddasagare Botanical Garden and restoration of 70 acres of mangroves.
• “One Billion Drops” initiative aims to conserve 153 million litres of rainwater by 2026 with 1,200 percolation wells.

About EcoVadis

EcoVadis is one of the world's most trusted providers of business sustainability ratings, with a network of over 130,000 rated companies across 200 industries and 175 countries. The Silver medal is awarded to companies scoring in the top 15% of all assessed organisations. Scorecards are valid for 12 months from the date of publication.

Learn more at EcoVadis.com/suppliers

About Mphasis

At Mphasis, engineering has been in our DNA since inception.

Mphasis is an AI-led, platform-driven company with human-in-the-loop intelligence, helping global enterprises modernize, infuse AI, and scale with agility. The Mphasis.ai unit and Mphasis AI-powered ‘Tribes’ are focused on client outcomes and embed artificial intelligence and autonomy into every layer of the enterprise technology and process stack. Mphasis built NeoIP™, a breakthrough AI platform that orchestrates a powerful pack of AI solutions and platforms to deliver impactful outcomes across the enterprise IT value chain, as we believe ‘AI Without Intelligence Is ArtificialTM’. Mphasis NeoIP™ is powered by the Ontosphere, a dynamic and ever-evolving knowledge base, delivering continuous and constant innovation through perpetual intelligent engineering—driving end-to-end enterprise transformation.

At the heart of our approach is customer-centricity—reflected in our proprietary Front2Back™ transformation framework, which uses the exponential power of cloud and cognitive to deliver hyper-personalized digital experiences (C=X2C2TM=1) and build strong relationships with marquee clients. Our Service Transformation solutions enable enterprises to pivot from legacy systems and operations to secure, adaptive, cloud-first operating models with minimal disruption. Continuous investments in platforms, such as the Neo series, enable enterprises to stay efficient, relevant, and ahead in a dynamic AI-first world. Mphasis is a Hi-Tech, Hi-Touch, Hi-Trust company, rooted in a learning and growth culture. 

Amazon Announces Three New Renewable Energy Projects in India

The projects are among 53 solar and wind projects helping match the electricity consumed by Amazon’s operations

• These projects are part of Amazon’s efforts to enable new sources of carbon-free energy and meet our Climate Pledge commitments.
• Amazon is the world's leading corporate purchaser of renewable energy for the fifth consecutive year, and is one of the top corporate purchasers in India, according to Bloomberg NEF.

Amazon today announced investments in three new wind projects in India, emphasizing the company’s broader commitment to matching the electricity consumed by our operations with renewable energy, and advancing progress toward its Climate Pledge goals.

Across India, Amazon has now enabled a total of 53 solar and wind projects to date, which together will provide more than 4 million megawatt hours (MWh) of new carbon-free energy in the country, providing sufficient energy capacity to power the equivalent of more than 1.3 million Indian homes. The projects include 9 utility-scale solar and wind farms across the country, as well as onsite solar arrays on 44 local buildings that host Amazon operations.

Shri Ashwini Vaishnaw, Hon'ble Union Minister of Railways, Electronics & Information Technology, and Information and Broadcasting, stated,

Under the leadership of Hon'ble PM Shri Narendra Modi ji, India is rapidly emerging as a global leader in the clean energy transition. Investments from companies like Amazon are accelerating this progress. Clean energy is not only about sustainability; it is central to our goal of producing 50% of our electricity from non-fossil fuel sources by 2030. As we expand our digital and transportation infrastructure, renewable energy will play a crucial role in powering the next wave of connectivity and innovation.

Shri Shripad Yesso Naik, Hon’ble Minister of State of Power and New and Renewable Energy, said, 

I welcome Amazon's continued commitment to India's renewable energy transition. Investments in wind and solar projects are crucial for achieving our renewable energy targets and ensuring energy security. These projects will not only contribute to a cleaner environment but also generate employment and foster economic growth in local communities. The Government of India remains committed in its efforts to support such initiatives, and I encourage other global corporations to invest in our green energy future.

“Amazon is committed to driving the carbon-free energy transition forward in both India and around the world, which will help us all address climate change at scale,” said Avinash Shekhar, Head, APJC Energy and Water Strategy, AWS. “As the top corporate purchaser of solar and wind since 2020, we’ve invested in more than 600 solar and wind projects globally, including more than 50 in India, which is part of our Climate Pledge commitment to attempt to reach net zero carbon emissions across our operations by 2040.”

The latest projects that Amazon has signed include three new wind energy projects, which are CleanMax Koppal, BluPine Solapur, and JSW Energy Dharapuram. CleanMax Koppal is a 100 Mega Watt (MW) wind farm located in Karnataka. BluPine is also a 99 MW wind project located in Maharashtra. The JSW Energy Dharapuram is a 180 MW wind project is located in Tamil Nadu, South India.

These projects will contribute to India's renewable energy goals and help create numerous construction jobs in their respective regions, according to the developers.

Supporting local communities

Amazon is proud to have met its 100% renewable energy goal seven years early in 2023, and has invested in more than 600 projects globally, which are capable of producing enough renewable energy to power the equivalent of 8.3 million US homes. The renewable energy projects Amazon supports not only help match the electricity consumed by our operations, but also provide new sources carbon-free energy to the local communities where our customers, vendors, and employees live and work. They also help create jobs, support local businesses, and boost the local tax base, which are all part of Amazon’s commitment to become a more sustainable company.

Indian Govt Plans Its First Carbon Credits Sale Via FCI

India is gearing up for its first carbon credit sale, with the Food Corporation of India (FCI) playing a crucial role. The government plans to leverage FCI's optimized logistics and digital transformation efforts, which have significantly reduced greenhouse gas emissions. This initiative is part of India's broader strategy to meet its emission reduction targets under the Paris Agreement.

The carbon credits generated from these efforts will be sold, providing a financial incentive for further sustainability initiatives. This move is expected to promote cleaner technologies and practices across various sectors.

India's carbon credit trading scheme, established under the Energy Conservation (Amendment) Act, 2022, aims to create a domestic carbon market. This market will incentivize emission reductions by allowing companies to trade carbon credits, thus encouraging them to adopt more sustainable practices.

The Food Corporation of India (FCI) is playing a pivotal role in the Indian government’s first carbon credit sale. By optimizing its logistics operations, FCI has significantly reduced its greenhouse gas emissions. This includes digital transformation initiatives that streamline supply chain operations, reduce transportation distances, and improve overall efficiency. The carbon credits generated from these emission reductions will be sold. 

It’s a significant step towards achieving carbon neutrality and promoting sustainable practices in India’s foodgrain management system.

To optimize its logistics, focusing on improving efficiency and reducing emissions, FCI has adopted digital tools to streamline its supply chain operations. This includes real-time tracking of foodgrain movement, automated inventory management, and predictive analytics to forecast demand and optimize storage and distribution

Further, by optimizing routes and consolidating shipments, FCI has reduced fuel consumption and transportation costs. This not only lowers emissions but also ensures timely delivery of foodgrains.

Moreover, FCI is incorporating sustainable practices such as using energy-efficient equipment and renewable energy sources in its operations. This further contributes to reducing the carbon footprint.

Besides, the FCI is also working with various stakeholders, including state governments and private partners, to implement best practices in logistics and supply chain management. Additionally, it provides training to its staff on sustainable practices and efficient resource utilization.

FCI maintains a vast network of storage facilities across the country, including warehouses and silos, to store the procured food grains.

Established in 1965 under the Food Corporations Act, 1964, the FCI operates under the Ministry of Consumer Affairs, Food and Public Distribution. FCI’s primary mandate is to ensure the food security of India by managing the procurement, storage, and distribution of food grains, primarily wheat and rice.

In April this year, the Indian government has significantly increased FCI’s authorized working capital to ₹21,000 crore from ₹10,000 crore. This financial boost is aimed at minimizing borrowings and interest payouts, and funding a planned modernization drive. The additional capital will help FCI enhance its storage facilities, improve transportation networks, and adopt advanced technologies.

Later in July, the Union government has restructured FCI’s funding, allowing it to operate without taking on new debt for the first time. This move expected to cut interest payments by a tenth and smoothen the flow of funds, ensuring more efficient operations.

Notably, the Indian government has several plans and initiatives related to carbon credit sales and the development of a domestic carbon market.

Last year in June, the Ministry of Power has notified the Carbon Credit Trading Scheme, 2023, which aims to establish a domestic carbon market. This scheme sets the framework for trading carbon credits, with the Bureau of Energy Efficiency (BEE) acting as the administrator and the Central Electricity Regulatory Commission (CERC) overseeing the trading process.

Besides, the country is also working towards launching a national carbon market to drive down fossil fuel use. This market will allow polluters to exchange credits equivalent to a certain amount of emissions, incentivizing companies to reduce their carbon footprint

Navitas Solar Becomes One of the 1st Carbon-Neutral Solar Manufacturing Company

Navitas Green Solutions Pvt Ltd, one of India’s leading solar module manufacturers, has announced CARBON NEUTRALITY for CY 2021. It has received a “Silver” Badge from the United Nations Framework Convention on Climate Change (UNFCCC) on climate reporting under the ‘Climate Neutral Now’ initiative for outstanding accomplishment in managing carbon emissions.

 

In accordance with UN targets and Nationally Determined Contribution(NDC), Navitas Solar specializes in manufacturing high-efficiency mono and polycrystalline solar modules ranging from 5 Watts to 600 Watts per panel, with a total installed capacity of 500 MW p.a. and expanding to 3 GW in coming years. Navitas Solar has been providing sustainable forms of energy solutions for a decade.

Navitas Solar had appointed a third-party consultant with the task of carrying out the assessment of GHG emissions, defining a methodology and calculation approach to be adopted and implementing monitoring procedures. It validated that the calculations met the specifications of the ISO 14064-1:2018 standard and the GHG protocol based on the assessment. In line with this, the consultant also declared that Navitas Solar has bought carbon credits to offset the same amount of emissions and has achieved Carbon Neutrality for the calendar year 2021. After completion of this first milestone in the field, Navitas Solar pledges to become fully carbon neutral by 2023 and to achieve Net Zero status by 2030.

Commenting on the achievement, Vineet Mittal, Co-Founder and Director of Navitas Solar, said, "We are elated to achieve UNFCCC's Badge for carbon neutrality for 2021. We at Navitas Solar have always endeavoured to establish a sustainable organization and will keep offering valuable solutions to support the worldwide clean energy movement. In our efforts to deliver sustainable energy to society, we prioritize distributed and indigenous initiatives. As part of this mission, we regularly engage in skill development and awareness campaigns in local communities."

Governments worldwide have committed to limiting rising temperatures to 1.5°C by 2050. The United Nations has warned that breaching this limit will lead to a "highly uncertain world." To avoid it, carbon emissions must be reduced by 45% by 2030 and reach net zero by 2050. In line with this, India has announced a Nationally Determined Contribution (NDC) to install 500 GW of renewable energy by 2030, with the goal of becoming Net Zero by 2070. India has already started its sustainable transition, with efforts such as Vision 2050 for Carbon-Neutral Ladakh, 90 green airports by 2024, solar powered villages and heritage sites, and green railways by 2030 reducing overall anticipated carbon emissions by one billion tonnes from now until 2030.

About Navitas Solar

Navitas Solar, established in 2013 by five passionate individuals - Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania, and Saurabh Aggarwal - is one of India's leading solar module manufacturers. They specialise in the production of monocrystalline and polycrystalline solar modules. Backward integration is provided by its subsidiary, Navitas Alpha Renewables Pvt. Ltd. (NARPL), which manufactures EVA Sheets. It is ranked amongst the top 10 Indian solar manufacturers by JMK Research & Analytics. Currently, the organization employs over 300 people across diverse domains. They also serve over 700 customers nationwide, including government, semi-government, and commercial enterprises

EV Logistics Startup EVIFY Partners Carbon Credit Advisory CREDUCE and Attains Carbon Neutrality

The association with CREDUCE will propel EVIFY’s vision to become one of India's Top carbon-neutral EV logistic startups

EVIFY, one of India’s fastest-growing tech-backed EV logistics startups for last-mile delivery, has entered into a partnership with CREDUCE, a pioneer in climate change mitigation technologies and a global carbon credit advisory with a rapidly growing carbon portfolio. KICHEE was launched by CREDUCE, the world’s first tradable super sustainability blockchain token. The partnership will enable EVIFY to reduce its carbon footprint and accelerate sustainability in India.

This association with CREDUCE will propel EVIFY’s vision to become one of India's Top carbon-neutral EV logistic startups. This joint venture also allows EVIFY to showcase its commitment to corporate social responsibility. Besides this, the company also aims to offset their calculated and estimated SCOPE 1, 2 & 3 emissions from the year 2021 till December 2022, which are about 270 tons of CO2 equivalent.

Commenting on the development, EVIFY’s Co-founder and CMO, Pragya Mittal, said, "From the very inception we were determined to convert our fleet to carbon negative and CREDUCE has given us an exciting new opportunity to fulfill our commitment through a completely new concept. KICHEE is an exciting crypto instrument which enables us to smoothly adopt a carbon neutral investment."

Commenting on the same, the founder of CREDUCE, Shailendra, said, "In a world that is heading towards digitalization, decentralization, and democratization, the future belongs to tokens like KICHEE. Past instances clearly indicate incremental trends in the prices of such tokens."

"Partnering with EVIFY is very heartening and would be a great beginning for CREDUCE in helping fight climate change. This should also encourage other corporations to take steps to neutralize their carbon footprints, "Shailendra added.

ABOUT KICHEE

KICHEE is the first ever super sustainability credit. By burning it, one reduces its footprint on many fronts, not just carbon. Each KICHEE Token represents 100 kgs of CO2 or equivalent averted emission in a given year. Every KICHEE token minted is audited by the authorized Blockchain Auditor. It will also fuel other sectors like gaming, metaverse, trading, barter, offsetting emissions, gifting, the entertainment sector, etc. KICHEE credits are certified by the Universal Carbon Registry (UCR) and derived from various projects in India and the world.

ABOUT CREDUCE

Creduce has been hand holding and providing services to empower and help people and businesses maneuver to live a ‘carbon conscious’ life. They aim to enable individuals and businesses to have a smooth transition towards adopting a carbon-neutral life and to unleash the financial value of every tonne of carbon emission reduced. The motto is to welcome the upcoming era, which is an era of the "Low Carbon Economy." Creduce has a very wide presence with projects located in the Pan Indian States and globally. They strive for a world where businesses, governments, and communities make climate action the new normal.

ABOUT EVIFY

EVIFY provides green logistics solutions, operating with only electric vehicles (2W & 3W) for Intra-city/local deliveries to E-commerce giants and food tech companies. EVIFY is through and through a Tech-Logistics company with a conscience about the environment. EVIFY also helps bring down the overall cost of freight by about 30% for these logistics companies along with fulfilling their mandate for reducing their carbon emissions falling under scope 3. EVIFY has started its operations from Surat and plans to launch in Ahmedabad in the near future. The company targets to have a fleet of 2000 vehicles by the end of March’23.

UST is now certified as a CarbonNeutral® Company

Company demonstrates Climate Action; Pledges to Reach Net-Zero Carbon Emissions by 2040 

BENGALURU, India, Sept. 16, 2021 /PRNewswire/ -- UST, a leading digital transformation solutions company, today announced that it has achieved CarbonNeutral® company certification in accordance with The CarbonNeutral Protocol, the leading global framework for carbon neutrality. Aligned with the company's longstanding commitment to act responsibly and minimize the impact of its activities on the environment, this latest accreditation underscores UST's unwavering pledge to climate action. 

The first set of clear guidelines for businesses to achieve carbon neutrality, the CarbonNeutral Protocol, was created by Natural Capital Partners in 2002. Since then, the Protocol has been continually updated with input from an Advisory Council of external experts to ensure it reflects the latest industry and scientific best practices. 

The CarbonNeutral company certification is the latest in UST's ongoing ESG and social responsibility initiatives, including joining the Amazon-led The Climate Pledge, a cross-sector business community working together to crack the climate crisis and solve the challenges of decarbonizing the economy. As a signatory, UST is taking science-based, high-impact actions to tackle climate change by innovating in supply chain efficiency, sustainable transportation, circular economy, and clean energy solutions. 

Eco-Friendly Actions 

From its humble beginnings in 1999, UST has always invested in improving society through corporate sustainability and social responsibility actions positively impacting the world. 

Some of the current and upcoming initiatives include: 

• Plans to install a 1.2 MW on-grid solar power system in UST's Trivandrum campus, which will reduce the dependency on traditional power sources for the campus by 35%. 
• Creating a large waterbody with 174,240 Sq. Ft. of surface area, where rainwater is harvested. 80% of UST's water consumption is from this waterbody, which has helped the company reduce their dependency on the urban water supply system. 
• Utilizing battery-operated vehicles for traversing across UST's campus leads to a cleaner and healthier working environment and reduces carbon emissions. 
• Working with suppliers that use zero or low emission vehicles. Measure and report greenhouse gas emissions on a regular basis. 
• Switching to renewable energy for 25% of power needs by 2025 and 50% by 2030. 
• Undertaking several afforestation projects by planting tree saplings in the form of dense foresting.
• Take actions to neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040. 

"We are extremely honored to be recognized as a certified CarbonNeutral company as we further our commitment to decrease our carbon footprint and support additional carbon-reduction projects," said Krishna Sudheendra, Chief Executive Officer, UST. "I am tremendously proud of our entire team's passionate efforts to make a positive impact and look forward to seeing these programs continue to grow and build a better world." 

Saskia Feast, Managing Director, Global Client Solutions, Natural Capital Partners, said: "We are delighted to work with UST as they continue their commitment to positively impact the world through their CSR initiatives. In this critical decade of climate action, we need to use all the solutions available to deliver the change we need. UST's CarbonNeutral® company certification and commitment to environmental stewardship demonstrate how business can deliver meaningful action on climate change." 

"With this step, UST is making it crystal clear that we are taking action today to protect the planet and commit to transforming the communities we impact every day," added Nandagopal Ramachandran, General Manager - Operations, UST. "At the same time, we are committing to further emissions reductions, with a target for Net Zero by 2040. We believe that sustainability is everyone's responsibility and actions from everyone, however small they are, will bring large impact to life on the planet." 

For more information about UST's social commitment, please visit https://www.ust.com/en/who-we-are/ust-social-commitment. 

About UST 

For more than 20 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. We identify their core challenges and craft disruptive solutions that bring their vision to life through our agile approach. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations-delivering measurable value and lasting change across industries and worldwide. Together, with over 26,000 employees in 25 countries, we build for boundless impact-touching billions of lives in the process. Visit us at ust.com. 

Media Contacts, UST: 

Tinu Cherian Abraham +1 (949) 415-9857 

Neha Misri Global Communications, UST +91-9284726602 

media.relations@ust.com 

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