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Tag: #NetZero

  • Hitachi Vantara commits to validated net-zero by 2040

    Hitachi Vantara commits to validated net-zero by 2040

    Hitachi Vantara, the data infrastructure and hybrid cloud unit of Hitachi Ltd. (TSE: 6501), said on Thursday it has set a validated net-zero target to eliminate greenhouse gas emissions across its global value chain by fiscal year 2040.

    The company said its near- and long-term emissions targets have been independently validated by the Science Based Targets initiative (SBTi), a body that sets standards for corporate climate goals, giving customers and partners assurance the plan aligns with current climate science.

    The announcement comes as data centers face mounting scrutiny over energy use tied to the AI boom. A Congressional Research Service report cited by the company found cooling systems account for 38% to 40% of data center electricity consumption, underscoring the stakes for infrastructure providers.

    “Customers increasingly expect their technology suppliers to demonstrate that their climate commitments are credible and backed by action,” said Simon Ninan, senior vice president of business strategy at Hitachi Vantara. He said the validated net-zero target “holds us accountable to measurable progress.”

    Under the near-term plan, Hitachi Vantara aims to cut Scope 1 and 2 emissions 98% by FY2030 from an FY2024 baseline, and reduce Scope 3 emissions 51% per usable petabyte of storage sold by FY2036. The long-term goal calls for a 97% cut in Scope 3 emissions per petabyte sold by FY2040.

    The company said it reduced Scope 1 and 2 emissions 43% in FY2025, helped by sourcing half its energy from renewables. It has also expanded sustainability features across its VSP One storage platform and is aligning products with Hitachi’s Eco-Design Management Guidelines.

    Hitachi Vantara pointed to customer results from its VSP 360 Clear Sight monitoring tool: Turkey’s DestekBank cut data center energy use 25% and total cost of ownership 20%; India’s Malayala Manorama reduced power and cooling costs 70% and rack space 66%; Turkey’s Garanti BBVA estimated its Hitachi Vantara systems use about 30% less energy than rival systems; and Brazil’s Aquiris used the platform to support wastewater treatment operations processing more than 110 million cubic meters annually.

    “Sustainability is most effective when it is embedded into decision-making across the organization,” said Courtney Hadden, sustainability director at Hitachi Vantara, adding that the SBTi validation gives the company “a clear, science-based framework” to track progress.

  • SBI, Bisleri partner to boost plastic waste management

    SBI, Bisleri partner to boost plastic waste management

    State Bank of India (SBI), the country’s largest lender, has signed a Letter of Association with Bisleri International to boost plastic waste management across its branches and offices nationwide.

    Under the agreement, Bisleri will conduct training and awareness sessions for SBI employees and housekeeping staff, and will collect used plastic waste from SBI premises for recycling, the companies said in a joint statement.

    The tie-up falls under Bisleri’s “Bottles for Change” programme, through which the packaged water maker works with institutions, housing societies, corporates and communities to encourage responsible plastic waste management.

    The companies said the partnership is intended to support India’s shift toward a circular economy and aid the country’s target of achieving net-zero emissions by 2070.

    Ravi Ranjan, SBI’s Managing Director for Risk, Compliance and Stressed Assets Resolution, said the collaboration was a step toward embedding sustainable practices into the bank’s workplace culture.

    “We believe that when employees are empowered to make responsible choices, that awareness extends well beyond our offices and into the communities that we serve and are a part of,” Ranjan said, adding that such partnerships support India’s Viksit Bharat 2047 vision.

    Bisleri International Chief Executive Angelo George said the partnership combines SBI’s institutional reach with Bisleri’s experience in plastic waste management.

    “By engaging employees across SBI offices, we aim to build responsible practices at the workplace that can extend into homes and communities,” George said, describing the initiative as a potential model for corporate participation in the circular economy.

    SBI said the collaboration reinforces its broader commitment to environmental stewardship as it works toward a Scope 1, 2 and 3 net-zero target by 2055, the year the bank marks its centenary.

  • HCLTech named to TIME’s most sustainable companies 2026 list for 2nd straight year

    HCLTech named to TIME’s most sustainable companies 2026 list for 2nd straight year

    HCLTech, a global technology company, has been named to TIME’s World’s Most Sustainable Companies 2026 list, marking its second consecutive year on the ranking, the company said.

    HCLTech ranks among the top five global professional services companies on the list and is the highest-ranked India-headquartered company in the category, the company said.

    The ranking, compiled by TIME in collaboration with Statista, assesses more than 5,800 global companies across more than 20 sustainability indicators, including commitments and ratings, reporting and transparency, and environmental and social stewardship.

    HCLTech said the recognition reflects its alignment with the UN Global Compact and the Sustainable Development Goals. In fiscal year 2026, the company said it replenished 51 times more water than it consumed and retained zero waste-to-landfill platinum certification across all owned facilities.

    The company said it has accelerated its net-zero journey by achieving its 2030 Science Based Targets initiative (SBTi)-validated emissions target four years ahead of schedule.

    “Being recognized by TIME for a second consecutive year reflects the progress we are making in embedding sustainability deeper into the core of our business and advancing our net-zero ambition for 2040,” said Vipul Arora, Global Head of Sustainability at HCLTech.

    “Our focus remains on scaling impact through innovation, partnerships and responsible practices that enable long-term value for our clients, communities and the broader ecosystem,” Arora said.

    HCLTech is a global technology company with more than 223,000 employees across 60 countries, offering services in AI, digital, engineering, cloud and software. The company serves clients across sectors including financial services, manufacturing, life sciences and healthcare, technology and services, semiconductors, telecom and media, retail and consumer packaged goods, mobility and public services.

    Consolidated revenue for the 12 months ending June 2026 totaled USD 14.8 billion, the company said.