Infosys Announces Internal Carbon Price
(3BL Media/Justmeans) - More and more companies are setting an Internal Carbon Price as part of their carbon management strategy. There are several advantages in doing that, besides the obvious environmental gains and target hits. It helps a company define a budget to invest in energy-saving measures, encourages investments in activities with fast paybacks, carbon cost is factored in during purchasing and investment decisions, and companies are ready for regulatory carbon taxation, among other advantages.
One of the latest companies to set an internal carbon price is Infosys, a Bangalore-based leader in consulting, technology, outsourcing and next-generation services. At the recent Carbon Pricing Leadership Coalition (CPLC) in Zurich, Infosys announced its internal carbon price at $10.5 per ton of CO2e (carbon dioxide equivalent). The price will be applicable for a period of two years.
Infosys used its decarbonization program and investments in the area to calculate the price.“By putting a price on carbon, we have further cemented our commitment to become carbon neutral. As a responsible company, we are very proud to be one among a handful of companies in the world to announce an internal carbon price. We hope that it becomes a global movement and helps save the planet by keeping global warming under 20C,” said Sandeep Dadlani, President of Infosys Americas, at the event.
Infosys has set a 2018 goal to become carbon neutral and has implemented a strategy based on the tripod energy efficiency, renewable energy and emission offsets. It has also committed to reduce its per-capita electricity consumption by 50 percent in comparison with a 2008 baseline, and use 100 percent renewable power by 2018.
Image credit: Infosys