Bengaluru: India’s technology outsourcing industry saw an 85% drop in carbon emissions in FY21 to around 0.3 million tonnes from the pre-pandemic level of around 2 million tons, according to a study by market intelligence firm UnearthInsight.
The FY21 study covered over 2,000 technology outsourcing companies in India, including IT, ITeS, Engineering, Global Capacity Centers and startups.
UnearthInsight estimates that just $ 750 million was spent on travel expenses in FY21 by the outsourcing industry, up from $ 2.9 billion in FY20. largest IT services companies – Tata Consultancy Services (TCS) Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd – spent approximately $ 370 million on travel expenses in FY21, 75% less from $ 1.4 billion in FY20 primarily helping to reduce carbon emissions from commuting, domestic and international travel.
“The outsourcing industry was on track to adopt hybrid work models, electric mobility even before the pandemic, but the pandemic and the rapid adoption of digital tools / technologies have drastically changed the scenario and today, the reduction in carbon emissions appears to be sustainable over a longer period. “said Gaurav Vasu, Founder and CEO of UnearthInsight.
“The disruption of Covid-19 has also prompted the biggest players in the industry to move from a pilot deployment to a large-scale deployment of technologies such as digital campus recruiting platforms, which have significantly reduced costs. carbon emissions previously generated by travel to more than 1,000 campuses across the country, ”UnearthInsight said.
He estimated that 70,000 to 75,000 newcomers were hired through the end-to-end digital platforms of the two major IT companies – TCS and Infosys. It is also expected that by 2025, 75% of campus hires for the tech industry will be through advanced end-to-end digital platforms and tools.
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