Strategic Initiative: Climate Targets Validation

Mphasis announced the official validation of its near-term and net-zero greenhouse gas (GHG) emissions reduction targets by SBTi Services. This validation marks an important milestone in the company's commitment to addressing climate change through science-based emissions reduction targets.

Emissions Reduction Targets

Mphasis aims to reduce emissions across its operations and value chain with FY 2024-25 as baseline year. The targets cover Scope 1 and Scope 2 emissions, as well as Scope 3 emissions across relevant activities in its value chain.

Net-Zero Target

  • To achieve net-zero greenhouse gas emissions across its value chain by FY 2050

Near-Term Targets (by FY 2036 from FY 2025 base year)

  • Reduce absolute Scope 1 and Scope 2 GHG emissions by 66.01%
  • Reduce Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, business travel, employee commuting and upstream leased assets by 66.33% per USD value added

Long-Term Targets (by FY 2050 from baseline year FY 2025)

  • Reduce absolute Scope 1 and Scope 2 emissions by 90.0%
  • Reduce Scope 3 GHG emissions by 97.0% per unit value added (economic intensity)

Current Sustainability Performance

  • The company continues to pursue its commitment to achieve carbon neutrality across its facilities and operations by FY 2030
  • Renewable sources already meeting 57.82% of its total energy needs

External Recognition

  • Received Silver Medal from EcoVadis, placing it among the top 15% of assessed companies
  • Improved CRISIL Core ESG score of 73 in FY 2026, up from 69 in the previous assessment

Management Commentary

Deepa Nagraj, Senior Vice President & Global Head - ESG, Sparkle Innovation Ecosystem, and Communications, stated: "We believe climate action requires collective commitment from organizations, and it remains an important priority for us. The validation of our targets by SBTi Services is a significant milestone in our sustainability journey and strengthens our resolve to embed environmental responsibility into the way we operate, grow and build capabilities, while steadily advancing our long-term climate commitments."

About SBTi

The Science Based Targets initiative (SBTi) is a global organization that helps companies set greenhouse gas (GHG) emissions-reduction targets aligned with climate science and the Paris Agreement. It provides standards and criteria for establishing near-term and long-term net-zero targets, covering Scope 1, Scope 2 and Scope 3 emissions across a company's operations and value chain.