KPIT Sets New Standards For Corporate Responsibility With Its 2023-24 BRSR

KPIT Technologies has released its Business Responsibility and Sustainability Report (BRSR) for the fiscal year 2023-24, showcasing significant advancements in sustainability and innovation. The report highlights KPIT's comprehensive approach to integrating environmental, social, and governance (ESG) principles into its business model. Environmental Initiatives A standout achievement for the year was the launch of the Green Energy Initiative on September 1, 2023, which marked a pivotal shift towards renewable energy. By sourcing wind energy for its Bengaluru offices, KPIT successfully reduced its carbon footprint by 19,212,701.54 kg of CO2 emissions. This initiative aligns with the company's broader goal of minimizing its environmental impact and promoting sustainable practices within the tech industry. Governance and Ethical Standards KPIT has demonstrated strong governance through stringent anti-corruption policies, with the report indicating no incidents of disciplinary action related to bribery or corruption among its employees. The company continues to uphold high standards of integrity, transparency, and accountability, which are crucial for maintaining stakeholder trust. The company's business continuity management framework, certified under ISO 22301:2019, ensures operational resilience and preparedness for potential disruptions. This certification underscores KPIT's commitment to maintaining high operational standards and safeguarding its business processes against unforeseen events. Social Responsibility and Community Engagement Beyond its internal governance, KPIT has been actively involved in public policy advocacy, focusing on sustainability issues such as climate change and e-waste management. The company's engagement in these areas highlights its dedication to not only following but also shaping best practices in sustainable development. KPIT's commitment to cybersecurity and data protection is another critical aspect of its operations. The company's adherence to international standards, including ISO/IEC 27001 and TISAX, demonstrates its proactive stance in ensuring the security and privacy of its clients' data. This commitment is particularly relevant in today's digital landscape, where data breaches and cyber threats are increasingly prevalent. Future Outlook and Strategic Vision Looking ahead, KPIT plans to continue investing in sustainable technologies and practices. The company's strategic vision includes further reducing its environmental impact, enhancing its ESG governance framework, and expanding its role in public policy advocacy. By doing so, KPIT aims to not only meet regulatory requirements but also exceed them, setting new standards for corporate responsibility in the technology sector. KPIT Technologies' FY 2023-24 BRSR reflects a robust integration of sustainability into its core business strategy. The company's achievements in environmental stewardship, ethical governance, and social responsibility position it as a leader in the tech industry, demonstrating that profitability and sustainability can go hand in hand. As KPIT continues to innovate and evolve, it remains committed to creating a positive impact on society and the environment. Check the report:- KPITTEC_30072024214749_CoverBRSR2324_signed