- Unpredictable geopolitical and macroeconomic challenges.
- Potential defaults in collateral arrangements due to acute climate-related incidents.
- Increasing probability of insurance payouts, potentially rendering certain insurance segments unaffordable.
- Changes in Net Asset Value of investments due to sectoral and regional impacts and adaptation efforts.
- Potential impacts from physical climate risks on portfolio.
- Potential macroeconomic implications on household disposable income due to climate transition risks.
- Impacts from climate-related regulations, policies, or market shifts on purchased resources and materials.
- Potential fines and litigation due to inadequate reporting or non-compliance with climate regulations.
- Changes in sectoral/product demand due to shifting consumer preferences towards low-carbon alternatives.
- Strengthening stakeholder expectations and regulations concerning climate-related targets and strategies.
TCS Group Holding plc
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, TCS Group Holding plc disclosed greenhouse gas emissions of 12.6K tCO2e/year (Scope 1+2); 3483786 tCO2e/year (Scope 1+2+3). By scope: Scope 1: 430 tCO2e/year; Scope 2: 13.5K tCO2e/year; Scope 3: 3.5M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
12.6K tCO2e/year (Scope 1+2); 3483786 tCO2e/year (Scope 1+2+3)
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 430 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 13.5K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.5M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 12.6K tCO2e/year (Scope 1+2); 3483786 tCO2e/year (Scope 1+2+3) |
| 2021 | 9.0K tCO2e (Scope 1 & 2); 5754060 tCO2e (Scope 1 2 & 3) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced paper consumption by optimizing envelope weight and overall paper usage.
- Launched initiatives to encourage suppliers to reduce emissions.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Integration of Climate Risks assessment into RM procedures by the end of 2024.
- Integration of Climate Scenario analysis into stress tests by the end of 2024.
- Decreasing GHG emissions from TCS operations (Scope 1 and 2) following SBTi pathway by the end of 2024.
- Decreasing GHG emissions from TCS operations (Scope 3) following SBTi pathway by the end of 2023.
- Decreased GHG emissions related to TCS portfolio from the base year level following SBTi pathway by the end of 2024.
📅 Medium-term
- Supplying 100% of electricity from low carbon energy sources by 2030.
🔭 Long-term
- Achieving Net Zero emissions
🌱 ESG Focus Areas
Climate changeFinancial well-beingSocial activitiesFinancial inclusionEmployee empowermentData securityResponsible lendingInclusive financeImpact investmentsHuman rightsDiversity & InclusionResponsible sourcingAnti-corruption