Wipro: Reporting as a springboard for improving ESG performance

Wipro utilizes ESG reporting not as a compliance exercise, but as a 'springboard' for improving social and environmental performance. Driven by the expectations of its millennial workforce and the potential for cost savings through energy efficiency, the company has set targets to reduce carbon emissions by 55% by 2030 and reach net zero by 2040. The company highlights the challenge of sourcing Scope 3 emissions data from suppliers, which it found to be a larger source of emissions than its own operations. Wipro advocates for a 'double materiality' approach and suggests that regulators provide simplified reporting standards to encourage SME participation.

• Wipro views ESG disclosures as a mechanism for operational change rather than a final goal, using them to improve energy efficiency and implement social initiatives like on-site childcare for new mothers via an integrated gender programme.
• The primary drivers for Wipro's ESG reporting are the values of its millennial employees (aged 25–35) and the business benefits of a low-carbon transition, such as cost savings from energy efficiency. In contrast, investors have historically been ambivalent, though this is beginning to shift.
• Wipro has committed to significant climate targets, aiming for a 55% reduction in carbon emissions by 2030 and achieving net zero by 2040, which is ten years earlier than the Paris Agreement target.
• Sourcing Scope 3 emissions data from the supply chain is the most difficult data challenge; Wipro discovered that emissions from purchased goods and services exceed those from its own operations or business travel.
• Wipro employs a 'double materiality' approach to climate change, assessing both the company's impact on the planet and the impact of climate change on the company's business continuity, such as damage to communications and transport infrastructure.
• The company uses reporting data to address gender disparities in the workforce, specifically noting that while women enter the workforce at rates reflecting their graduation numbers in engineering and medicine (40–50% in India), they drop out rapidly due to societal pressures.
• Wipro suggests that regulators, such as the Securities and Exchange Board of India (SEBI), should offer a simplified version of reporting standards to make it feasible for SMEs to participate.
• Wipro values the World Economic Forum's Stakeholder Capitalism Metrics because they introduce a financial perspective and use the language of business risks and returns, which is less prominent in other frameworks like GRI.

APA

World Economic Forum (2022). Wipro: Reporting as a springboard for improving ESG performance. https://www3.weforum.org/docs/WEF_SCM_Wipro_May_2022.pdf

Chicago

World Economic Forum. Wipro: Reporting as a springboard for improving ESG performance. 2022. https://www3.weforum.org/docs/WEF_SCM_Wipro_May_2022.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Wipro: Reporting as a springboard for improving ESG performance |date=May 2022 |url=https://www3.weforum.org/docs/WEF_SCM_Wipro_May_2022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2022wipro, author = {{World Economic Forum}}, title = {{Wipro: Reporting as a springboard for improving ESG performance}}, institution = {World Economic Forum}, year = {2022}, month = may, url = {https://www3.weforum.org/docs/WEF_SCM_Wipro_May_2022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }