TCS, Infosys, 14 other Indian firms say climate change will impact business

As many as 16 Indian companies, including IT bigwigs Infosys and TCS, have expressed worries about the risks of climate change to their businesses in the next five years, according to a report.

The 16 Indian companies are in various sectors like banking, cement, IT, consumer goods, automobiles, electric utility, mining, gas processing and distribution, business and financial services and textiles, the report by global forum Carbon Disclosure Project (CDP) stated.

“As climate change threats are on the rise, risks to businesses are also correspondingly increasing. A group of world’s biggest companies representing nearly $17 trillion in market capitalization have valued the climate risks to their businesses at almost $1 trillion- with many likely to hit within the next five years,” the report said.