New Delhi: Sixty-one per cent of the companies in the five BRICS countries - Brazil, Russia, India, China and South Africa - do not publicly disclose their carbon emission details, according to a survey by Environmental Investment Organisation (EIO), a UK-based climate change and finance think tank.
In the EIO survey, three Indian companies - Infosys (fourth), HCL Technologies (fifth) and Wipro (sixth) - have emerged among the top 10 companies with least emissions. This is part of a ranking of the 300 largest companies in the BRICS region, taking into account greenhouse gas emissions and transparency factors.
Brazil's alternative energy company, Cemig, tops the list of Environmental Tracking (ET) BRICS 300 Carbon Ranking, followed by Vodacom Group of South Africa and Lenova of China. The other firms among the top 10 list are Brazil's BMF Bovespa (seventh), China's Hong Kong Exchanges & Clearing (eighth), Brazil's Natura (ninth) and Chinese firm Hopewell Holdings.
The new study also shows that large quantities of emissions are not being accounted for. Public disclosure of greenhouse gas emissions among the leading BRICS companies is highly inconsistent, with less than 20 per cent of entities correctly adopting the basic principles of greenhouse gas emissions reporting, the study points out.
The other key finding is that no company in the BRICS 300 Ranking fully reports emissions across its entire value chain. Scope 3 (value chain) emissions include greenhouse gas emissions from sources not owned or directly controlled by the company, but over which it has influence. It includes categories such as business travel, transportation and distribution, and investments.
Among the 300 companies, Asian Paints has ended up last with no public data and with a high emission intensity, according to EIO. The other Indian companies that constitute the bottom 10 list are Jaiprakash Associates (293rd) and Grasim Industries (298th).
"This ought to be a wakeup call for companies. Since the majority of total corporate emissions often come from Scope 3 sources, large quantities of emissions are not being accounted for. Not only could this be a source of unmeasured risk for companies, but it also means we are not getting the full picture in terms of corporate emissions. This is precisely why the Carbon Rankings are designed to encourage Scope 3 disclosure," says Sam Gill, chief executive officer at the Environmental Investment Organisation.
These rankings are compiled from publicly available emissions data taken from company sustainability reports, annual reports, and websites.
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Showing posts with label HCL Technologies. Show all posts
Showing posts with label HCL Technologies. Show all posts
Wednesday, May 1, 2013
Friday, July 29, 2011
HCL Technologies to hire 3,000 people in Q1
Software exporter HCL Technologies (HCLT) today said it will hire about 3,000 people in the July-September quarter."We have already hired 3,000 people in the June quarter. In this quarter, we will hire an additional 3,000 freshers," HCLT Chief Executive Vineet Nayar told reporters here.
The Indian IT industry is ramping up its headcount as it gears up to meet renewed demand for IT services following a slump during the economic meltdown.
The companies are also building up bench strengths to handle the bigger size and variety of projects they expect to grab in the coming months.
Larger rival Tata Consultancy Services ( TCS)) plans to hire about 60,000 people this fiscal, while peers Wipro and Infosys are also hiring aggressively.
The move to hire more people, coupled with wage hikes, will have an impact of about 300 basis points on the first quarter numbers of HCLT.
"We expect the September quarter margins to drop 300 basis points. Of this, about 250 bps would be on account of wage hikes and the remaining 50 bps on new hires," Nayar said.
The company, which follows a July-June fiscal, has given a 12-14 per cent wage hike for its Indiastaff, while onsite salaries have been increased by 2-3 per cent. The wage hikes are effective July 1.
HCLT is, however, confident of making up for the drop in margins. "Though we are expecting a 300 bps drop in margins in Q1, we will recover in the next three quarters," he said.
The company also plans a capital expenditure of USD 230 million in FY'12.
"Last year, our capex was at USD 170 million. This year, we are stepping up our capex to USD 230 million. Most of this will go toward expansion of campuses," HCLT Chief Financial Officer Anil Chanana said.
The Indian IT industry is ramping up its headcount as it gears up to meet renewed demand for IT services following a slump during the economic meltdown.
The companies are also building up bench strengths to handle the bigger size and variety of projects they expect to grab in the coming months.
Larger rival Tata Consultancy Services ( TCS)) plans to hire about 60,000 people this fiscal, while peers Wipro and Infosys are also hiring aggressively.
The move to hire more people, coupled with wage hikes, will have an impact of about 300 basis points on the first quarter numbers of HCLT.
"We expect the September quarter margins to drop 300 basis points. Of this, about 250 bps would be on account of wage hikes and the remaining 50 bps on new hires," Nayar said.
The company, which follows a July-June fiscal, has given a 12-14 per cent wage hike for its Indiastaff, while onsite salaries have been increased by 2-3 per cent. The wage hikes are effective July 1.
HCLT is, however, confident of making up for the drop in margins. "Though we are expecting a 300 bps drop in margins in Q1, we will recover in the next three quarters," he said.
The company also plans a capital expenditure of USD 230 million in FY'12.
"Last year, our capex was at USD 170 million. This year, we are stepping up our capex to USD 230 million. Most of this will go toward expansion of campuses," HCLT Chief Financial Officer Anil Chanana said.
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