Infosys to TCS to Wipro: how tech giants are driving companies’ plans to achieve ESG goals
Synopsis
Technology is one of the key levers used by companies to manage their operations more sustainably. With the biggest global corporations leading the charge, Indian IT companies have been announcing a slew of deal in this area. However, they are facing questions about their own operations.
In May, Engine No. 1, a six-month-old hedge fund with a miniscule stake in ExxonMobil, managed to get two of its nominees elected to the oil-and-gas giant’s board. The fund’s ultimate goal was to try and steer Exxon away from fossil fuels and to get it to invest in clean energy.Exxon’s defeat in the months-long proxy battle with the activist hedge fund came as a wake-up call for the corporate world. Following the development, several companies
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