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Virtusa Scores CDP Leadership Band for Climate Change Initiatives

Virtusa Scores CDP Leadership Band for Climate Change Initiatives

GlobeNewswire

Company is awarded A-Score for its ongoing efforts

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SOUTHBOROUGH, Mass., Jan. 26, 2022 (GLOBE NEWSWIRE) — In recognition of its continuing actions to combat climate change,   Virtusa CorporationThe Carbon Disclosure Project (CDP), which gave Virtusa an A+ score for its climate response, placed the company in the overall Leadership band. Virtusa was among the top scoring companies for climate change in the IT and software development sector, which had an average score of “C.”

Virtusa was overall recognized for its actions to reduce emissions, mitigate risks from climate change, and develop a low carbon economy. This was based on data provided by the company through the CDPs2021 climate change questionnaire. Virtusa was recognized for its many ESG achievements.

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  • To support its ESG program, it has a governance structure in place.
  • Emissions reduction initiatives include investment in energy-efficient lighting or improved HVAC systems.
  • Virtusa made $1 million in 2021 for renewable energy investment.

Virtusa’s environmental management system, internally branded as Code Green, comprises three pillars: operating energy efficient facilities that reduce our environmental footprint, reducing the environmental footprint of software developed for clients, and utilizing energy efficient technologies. Virtusa is currently looking into the possibility of aligning its emission reduction targets to science-based targets/net zero. Virtusa is also involved in water and waste management. In addition to its emissions reduction activities, Virtusa plans to increase rainwater harvesting capacities by 2022 and targets to eliminate e-waste from landfill. Virtusa’s overall ESG framework focuses on health and safety, business continuity management, information security, labor standards and diversity, anti-bribery and corruption, and management engagement and social impact.

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“Virtusa has achieved this high score as a result of our team’s personal conviction to protecting the planet, as their dedication and sense of purpose continues to shine on a daily basis,” said Denver De Zylva, Virtusa Senior Vice President of Shared Services. “This is a testament to the strong foundation we built in managing our environmental footprint, and further highlights our commitment to embedding the 10 UN Global Compact Principles in our operations and contributing to the Sustainable Development Goals. Our ESG governance and short-, mid- and long-term emissions reductions targets, along with our investment in renewable energy, all helped Virtusa achieve this score.”

“Companies have a vital role to play in addressing the climate crisis, and the first crucial step is for businesses to disclose environmental data and impacts through CDP,” said Simon Fischweicher, Head of Corporations and Supply Chains, CDP North America. “We congratulate Virtusa on earning an A- for its climate change disclosure in 2021. Virtusa has demonstrated strong environmental action and we look forward to seeing the company continue to set and deliver on ambitious sustainability goals.”

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CDP Methodology
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, more than 590 investors with over $110 trillion in assets and 200 major purchasers with $5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Record-breaking 13,000 companies responded.

CDP uses an independent and detailed methodology to evaluate these companies. CDP assigns an A to D score based on the completeness of disclosures, awareness and management about environmental risks, and demonstration of best practices in environmental leadership such setting ambitious and meaningful goals. Those that don’t disclose or provided insufficient information are marked with an F.

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About Virtusa
Virtusa Corporation provides global digital business strategy, digital engineering and information technology (IT), solutions and services that help clients to change, disrupt and unlock new value through innovative design. Virtusa is a global provider of digital business strategy, engineering, and information technology (IT) services to Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media Entertainment, Travel, Manufacturing, Technology, and Insurance industries.

Virtusa assists clients in growing their businesses by providing innovative products and services that increase operational efficiency, future-proof IT platforms and rationalization of IT infrastructure. This is possible by using a unique approach that blends deep contextual knowledge, empowered agile teams, measurably better engineering, and a culture of collaborative disruption to create holistic solutions.

Virtusa Corporation is the registered trademark for Virtusa. Other company names and brand names could be trademarks or service mark of their respective owners.

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Media Contact Matt Berry Conversion Marketing matt@conversionam.com

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