According to research by UnearhInsight, it sheds light that, the carbon emission by Indian IT outsourcing industry has dropped by about 85 percent to around 0.3 million tonnes due to reduced travelling, work from home and online hiring process.
The travel expense of top five IT services companies such as TCS, Infosys, HCL, Wipro, Tech Mahindra reduced by around 75 percent to USD370 million in the financial year 2021 compared to USD1.4 billion in the financial year 2020, thereby leading to dip in carbon emission, according to the report. "The study reveals and estimates an 85 percent drop in carbon emissions during the year at about 0.3 million tonnes of carbon emission from a pre-pandemic level of around 2 million tonnes of carbon emissions annually.
The study observes that today only 4 to 5 percent of around 4.4 million workforce in the outsourcing industry is traveling to work," it said. UnearthInsight benchmarking analysis estimates that the Indian IT outsourcing spent only about USD750 million on travel costs in FY 2020-21 compared to USD2.9 billion in FY 2019-20.
Further, the plan of Indian outsourcing industry to use electric vehicles for their workforce will take them towards carbon neutrality. "The outsourcing industry was on track for the adoption of hybrid working models, electric mobility even before Covid. However, the pandemic and quick adoption of digital tools and technology has dramatically changed the scenario and today carbon emission reduction looks sustainable over a longer period of time," firm CEO Gaurav Vasu said.
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