HCL Technologies Annual Report 2023-24
Supercharging Progress for our Planet
Sustainability

Sustainability

At HCLTech, we are deeply committed to doing business in a purposeful and transformative manner while ensuring sustainability and social responsibility. Our approach involves driving rapid and meaningful long-term sustainable growth, prioritizing the well-being of our employees and fostering innovation and collaboration both internally and externally.

Our sustainability strategy is defined by three guiding principles: Act. Pact. Impact.

Act
Act

We understand that impact starts with us. We act in the most responsible and sustainable manner. We ensure we use every resource efficiently to maximize value.

Pact

Pact
Our relationships go beyond a formal contract with our stakeholders. We are working for a sustainable future,in collaboration with our clients, partners, employees, communities and all other stakeholders.

Impact

Impact
We focus on creating sustainable, long-lasting impact through all our initiatives and activities.

Environmental Goals

Sustainability Goals

  • Net zero by 2040
  • 50% reduction in absolute scope 1 and scope 2 emissions by 2030, compared to 2020 baseline
  • 80% electricity usage from renewable energy by 2030
  • Zero discharge from all owned facilities and achieve zero waste to landfill at all owned facilities by 2025
Governance Goals

Governance Goals

  • Strengthen the sustainable supply chain process
  • Integrate ESG into risk management and internal audit processes
  • Be recognized among industry leaders for information security practices and data privacy standards
Social Goals

Social Goals

  • Improve the ESG knowledge and skills of employees
  • Improve gender diversity in workforce, with 40% women employees by 2030
  • Increase gender representation in senior leadership roles to 30% by 2030
Social Goals

Key Achievements

0X

Water replenished compared to water consumed in India operations

0%

Reduction in scope 1 and 2 emissions compared to base year 2020

0%

Renewable energy in overall energy consumption

0M+

Lives impacted through HCLFoundation, of which 54% were female

0%

Of our owned office buildings are rated Platinum by the Green Buildings Council

0+

Hours of employee training through Sustainability School*

*between November 2022 and January 2024

Our Sustainability Themes

Unlocking our People Potential

We recognize our people as our most valuable asset and are dedicated to creating a positive impact on the world through their talent and dedication. Our people are the driving force behind our success and the delivery of cutting-edge solutions to our customers.

Integrating Digital Technology and Sustainability

By combining technology and human ingenuity, we aim to accelerate progress for our clients, communities and the planet. Our focus is on developing sustainable digital solutions that empower our clients to operate in an eco- friendly manner and advance their sustainability goals.

Progress for a Better Planet

Addressing climate change is a top priority for us, and we are committed to minimizing our ecological footprint through proactive environmental initiatives. Our go green efforts focus on energy and water conservation, reflecting our dedication to making a positive impact on the planet.

Sustainable Supply Chain

We understand the importance of sustainability across our entire value chain and prioritize responsible sourcing practices. Our commitment to sustainable procurement extends beyond materials and services to driving positive impact throughout our supply chain.

Data with Purpose

We uphold rigorous data privacy and cybersecurity standards to protect the information of our clients and stakeholders. Our comprehensive data management program adheres to global cybersecurity frameworks and privacy principles, ensuring the security and integrity of data.

Empowering Communities

Our corporate social responsibility (CSR) initiatives aim to empower and uplift the communities where we operate. Guided by global CSR policies, we engage in activities that promote socio- economic development and environmental advancement, aligning with our commitment to responsible progress.

Global Compliance Frameworks

In addition to our commitment to sustainability, we uphold stringent global compliance measures to ensure that our operations adhere to all relevant laws, regulations and industry standards. Our compliance framework encompasses legal, regulatory and ethical considerations, safeguarding the integrity and reputation of our organization while promoting transparency and accountability in all our endeavors.

Planet_Sustainability

Davos Dialogues

HCLTech leaders with Heroes of Progress awardees

HCLTech leaders with Heroes of Progress awardees

Out of Balance with Water

Climate changes have played havoc with the global water cycle, resulting in floods and intense droughts. Through its sustainability-focused policies and practices, HCLTech has been playing an active role in the global effort to prevent and mitigate such climate-related disasters. At the World Economic Forum’s Annual Summit in Davos in 2024, our Chairperson Roshni Nadar Malhotra took part in a panel discussion, titled Out of Balance with Water, along with Tharman Shanmugaratnam, President of Singapore, and other thought leaders from the Global Commission on the Economics of Water. The HCLTech chairperson emphasized that innovation is key to the future of water management and that supporting freshwater conservation holds economic value.

HCLTech Chairperson Roshni Nadar Malhotra joined the discussion with Tharman Shanmugaratnam, President of Singapore, and other thought leaders at WEF 2024

HCLTech Chairperson Roshni Nadar Malhotra joined the discussion with Tharman Shanmugaratnam, President of Singapore, and other thought leaders at WEF 2024

Heroes of Progress

At WEF, HCLTech had the opportunity to honor young, purpose-driven leaders who are making significant contributions to the fields of environment, women’s empowerment, art and sustainability. Our Chairperson Roshni Nadar Malhotra and CEO & Managing Director C Vijayakumar participated in celebrating these “Heroes of Progress” in an exclusive reception.

Santhosh Jayaram (first from right) during the panel

Santhosh Jayaram (first from right) during the panel

Purpose-led Sustainability Agenda

A distinguished panel came together at WEF, Davos to discuss the urgency and benefits of embedding ESG into their purpose-driven strategies. Santhosh Jayaram, our Global Head of Sustainability, pointed out that the progress around sustainability is losing momentum because many organizations fail to integrate sustainability into their goals and targets — a challenge that can be overcome by building a sustainability-focused skillset to create economic value and impact.