MUMBAI, India, Sept. 30, 2013 /PRNewswire/ -- Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading IT services, consulting, and business solutions organization, today announced further global recognition of its corporate sustainability practices, being ranked in the 90th percentile of the 2013 Dow Jones Sustainability World Index (DJSI World). The DJSI analyses the top 10 percent of global organizations leading the field in sustainability, specifically assessing their economic, environmental and social business performance.
"DJSI is an internationally recognized indicator of sustainability for all stakeholders. TCS' inclusion in the DJSI highlights our company's commitment towards sustainability," said Dr. Joy Deshmukh Ranadive, Global Head, Corporate Social Responsibility, Tata Consultancy Services.
Established in 1999, as the first ever family of global sustainability benchmarks, the Dow Jones Sustainability Indices (DJSI) have become a reference point in Sustainability Investing. Launched jointly between S&P Dow Jones Indices and RobecoSAM, DJSI World tracks the performance of the top 10% of the 2500 largest companies in the S&P Global Broad Market IndexSM that lead the field in terms of sustainability. These 2500 companies represent the eligible universe for the DJSI World and are assessed using the Corporate Sustainability Assessment on an annual basis.
"Sustainability is the cornerstone of business culture in TCS. We are delighted to receive this global recognition from DJSI," said Ajoy Mukherjee, Global Head and VP of Human Resources, Tata Consultancy Services.
The DJSI annual review is based on a thorough analysis of corporate economic, environmental and social performance. The review assesses issues such as corporate governance, risk management, branding, climate-change mitigation, supply-chain standards and labor practices. It accounts for general as well as industry-specific sustainability criteria for each of the 57 sectors defined according to the Industry Classification Benchmark.
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 277,000 of the world's best-trained consultants in 44 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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SOURCE Tata Consultancy Services