August 6, 2008 Bangalore
Wipro Limited, a leading player in Global IT and R&D services in partnership with WWF India, one of the largest conservation organizations in the country, today unveiled an initiative to explore the use of Information Technology to drive sustainable development. It will directly deal with issues of climate change, water and waste management and biodiversity conservation. It is an attempt to develop ideas and actions for sustainable growth based on relevant dimensions of environmental sustainability.
The initiative intends to tap the synergy between Wipro’s IT Innovation, R&D deployment and Systems Approach and WWF’s deep expertise in areas of ecological sustainability, catalyzing relevant solutions and leadership in global advocacy.
The two organizations will collaborate in the areas of innovative IT and R&D applications for environmental sustainability. Some of the areas of joint work would be related to IT solutions as drivers for low carbon economy such as virtual meeting enablers, environment friendly ICT products, devices and systems that drive energy efficiency of a variety of economic assets and advocacy for ecologically sustainable standard practices in the IT industry. Other areas of joint work would include optimizing the ecological footprint of Wipro’s own operations and biodiversity conservation through pilots on Wipro’s campuses and WWF priority sites.
Mr.Azim Premji, Chairman, Wipro Limited said,
“Innovative IT Applications, and relevant R&D Services will be key drivers for becoming a low-carbon economy. Information Technology must play a critical role in catalyzing ecological sustainability”
Mr. Ravi Singh, Secretary General & CEO of WWF India said
“We are now in a phase where the unsustainable trend of increased CO2 emissions and overuse of natural resources is undermining the future of the planet. Progressive institutions must move outside their comfort zone and join hands to address this challenge. IT solutions can play an important role in reducing CO2 emissions and we are looking forward to the partnership with Wipro to set an example. “
Wipro has a leading position in Global IT and R&D Services, a significant presence in ultra-pure water equipment and green lighting solutions, and is also offering eco-energy solutions to its clients. Its initiative for communities, Wipro Cares, has taken up biodiversity conservation. Wipro continues to explore how it can play a pivotal role in ecological sustainability.
WWF India is one of the leading conservation organizations in the country, working on key areas of environmental sustainability including biodiversity conservation and climate change. WWF believes that role of business and industry is rapidly gaining importance in the area of sustainable development and that it is important to develop partnerships between environmental organizations and Businesses and industries.
Wipro runs a corporation wide initiative - Eco Eye, which drives ecological sustainability. It is a comprehensive program that drives increasing ecological sustainability in all its operations, as also areas of its influence. The initiative attempts to engage with increasing levels of intensity with all stakeholders – Wipro’s own employees, partners, suppliers, customers and immediate communities. It will focus on areas such as how to become carbon positive (i.e. contribute more to emission reductions than the company emits), water balance, waste management and bio-diversity. WWF will be a key partner for Wipro in the Eco Eye program.
WWF India through its Climate and Energy Programme, aims to bring in a paradigm shift towards climate smart development. A core element of the programme is to look at resource smart solutions for ecological sustainability and low carbon economy. The programme will work in strategic partnership with Wipro to bring a transition towards low carbon development path.
For Further Information, please contact:
Wipro Limited
| Media: |
Radha Radhakrishnan +91 – 80 – 25056159 |
| Investors: |
Aravind Viswanathan +91 – 80 – 25056143 |
WWF| Media: | Shaila Sam +91 – 11 – 49516248 |
| Programme: | Shirish Sinha +91 – 11 – 43516245 |
About Wipro Limited
Wipro Limited (NYSE:WIT) provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro’s ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange.
For more information, please visit our websites at
www.wipro.com www.wiprocorporate.com www.wipro.in
Forward-looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, , liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at
www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
