1 min read.Updated: 28 Oct 2020, 09:58 PM ISTLivemint
If good sense prevails, the aims of ecological sustainability will get aligned with shareholder value sooner rather than later
Infosys Ltd claimed on Wednesday that it has turned carbon-neutral 30 years ahead of the 2050 timeline set under the Paris Agreement. In achieving this, the Bengaluru-based software company said it has reduced its electricity consumption per head by over 55%, and in 2019-20, over 44% of its power needs were met through renewable energy sources.
The target might have been relatively easy to achieve, considering the low carbon footprint of software companies in comparison with industrial firms. Still, given the threat of climate change, it signals concern for the planet and sets a worthy example for others to follow. While it’s true that the heavy lifting for a country to achieve carbon neutrality, by which no net emissions are spewed into the atmosphere, must be done by its government, corporations would be well advised to pursue that goal. A global market for carbon credit trading could actually materialize someday, and firms that have a positive balance on that count could even encash their hard-won gains. If good sense prevails, the aims of ecological sustainability will get aligned with shareholder value sooner rather than later.