+
Firstsource Earns A In CDP Supplier Engagement And B In Climate
WATER & WASTE

Firstsource Earns A In CDP Supplier Engagement And B In Climate

Firstsource Solutions Limited reported progress in environmental performance after receiving an A rating in the CDP Supplier Engagement Assessment and a B rating in both CDP Climate Disclosure and CDP Water Security Disclosure for FY25. The firm said these outcomes place it among organisations actively engaging suppliers on climate priorities including governance, emissions targets, Scope three disclosures, and value chain collaboration. The results mark continuity with FY24, when the company secured similar ratings, and represent an extension through inclusion of water security.

The company outlined its commitment to Net Zero 2050, noting alignment of targets to the Science Based Targets initiative and ongoing validation. It disclosed that more than 26 per cent of total power consumption now derives from renewable sources, reflecting increased adoption of clean energy. Firstsource affirmed full disclosure of Scope one, Scope two, and Scope three emissions with greenhouse gas data externally assured, and it said transparency underpins its reporting improvements.

Across the value chain, around 85 per cent of supplier spend is assessed against environmental, social and governance criteria as part of a maturing sustainability framework. The firm is targeting conversion of half of its vehicle fleet to electric vehicles by 2027, an aim intended to reduce reliance on fossil fuels and lower operational emissions. These measures are supported by governance and engagement practices designed to drive execution and demonstrate accountability.

Company representatives framed the CDP assessments as external validation of progress while noting that ratings evaluate both action and governance across the supply chain. The FY25 outcomes, including Water Security disclosure for the first time, were described as evidence of increasing emphasis on execution and value chain impact as Firstsource advances towards its Net Zero 2050 commitment. Observers will watch subsequent reporting and SBTi validation to assess ongoing progress.

Firstsource Solutions Limited reported progress in environmental performance after receiving an A rating in the CDP Supplier Engagement Assessment and a B rating in both CDP Climate Disclosure and CDP Water Security Disclosure for FY25. The firm said these outcomes place it among organisations actively engaging suppliers on climate priorities including governance, emissions targets, Scope three disclosures, and value chain collaboration. The results mark continuity with FY24, when the company secured similar ratings, and represent an extension through inclusion of water security. The company outlined its commitment to Net Zero 2050, noting alignment of targets to the Science Based Targets initiative and ongoing validation. It disclosed that more than 26 per cent of total power consumption now derives from renewable sources, reflecting increased adoption of clean energy. Firstsource affirmed full disclosure of Scope one, Scope two, and Scope three emissions with greenhouse gas data externally assured, and it said transparency underpins its reporting improvements. Across the value chain, around 85 per cent of supplier spend is assessed against environmental, social and governance criteria as part of a maturing sustainability framework. The firm is targeting conversion of half of its vehicle fleet to electric vehicles by 2027, an aim intended to reduce reliance on fossil fuels and lower operational emissions. These measures are supported by governance and engagement practices designed to drive execution and demonstrate accountability. Company representatives framed the CDP assessments as external validation of progress while noting that ratings evaluate both action and governance across the supply chain. The FY25 outcomes, including Water Security disclosure for the first time, were described as evidence of increasing emphasis on execution and value chain impact as Firstsource advances towards its Net Zero 2050 commitment. Observers will watch subsequent reporting and SBTi validation to assess ongoing progress.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

BMW Ventures Secures Rs 249.83 Million (mn) Steel Orders

BMW Ventures Limited said it has secured two purchase orders totalling Rs 249.83 million (mn) from Lata Projects Limited for the supply of TMT steel FE-550D grade for three units of 800 megawatt (MW) capacity at the USCTPP Adani project. The orders were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations and carry a contract value inclusive of all taxes.\n\nThe company stated that the orders will be executed within eight weeks from the date of the purchase orders and that the contract provides for 100 per cent advance payment with specified guarantees. The supp..

Next Story
Real Estate

Housing Sales Dip in Top Eight Cities in Q2, Pune and Bengaluru Hit Hard

Housing sales across the top eight cities fell six point one per cent year-on-year to 91,729 units in the April-June quarter from 97,674 a year earlier, PropTiger’s Real Insight Residential report showed. The moderation reflected seasonal pre-monsoon effects and heightened buyer caution amid the US-Iran conflict. New launches rose six per cent to 89,161 units. The impact was concentrated in technology-driven markets, with Pune and Bengaluru among the hardest hit. Pune recorded the steepest annual decline at 20.8 per cent, with sales falling to 12,642 units, while Ahmedabad declined 20.2 per ..

Next Story
Infrastructure Urban

India And ADB Sign US$230 Million Loan To Modernise Chennai Water

The Government of India and the Asian Development Bank (ADB) signed a US$230 million loan to modernise and expand water supply and sanitation infrastructure in Chennai. Saurabh Singh, Deputy Secretary, Department of Economic Affairs (DEA), signed on behalf of the Government of India and Mio Oka, Country Director of ADB’s India Resident Mission, signed for the lender. The engagement was guided by Baldeo Purushartha, Joint Secretary (ADB and Japan), DEA. The Chennai Climate-Resilient Water Security and Sewerage Project aims to improve access to safe and reliable water and sanitation citywide w..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code