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Decarbonizing India’s Real Estate Sector

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Infosys, AEEE, and IIHS have launched ASSURE (Accelerating Sustainable and Super-efficient Real Estate) to decarbonize India’s commercial building sector and promote global climate action and sustainability.

The program aims to construct 100 million sq. ft. of high-performance real estate in India by 2030.

ASSURE is the world’s largest initiative for implementing high-performance buildings, involving experts, innovators, enterprises, and government. It aims to provide technical assistance, foster entrepreneurship, collaborate with government, and engage financial institutions.

Nandan Nilekani, Co-founder and Chairman, Infosys, said, “India’s building sector presents a significant opportunity to make progress on our nation’s sustainability goals. ASSURE – our joint program – creates the next opportunity to make a significant impact on India’s environmental footprint, paving the way for a greener and more sustainable future for generations to come.”

Dr. Satish Kumar, President & Executive Director, Alliance for an Energy-Efficient Economy (AEEE), said, “By integrating rigorous performance validation and ambitious emissions reduction targets, we aim to transform building practices and drive real change.”

Aromar Revi, Director, the Indian Institute for Human Settlements (IIHS), said, “IIHS’ contribution to IPCC’s AR6 cycle, especially the 1.5 C Special Report and the Summary for Urban Policymakers, highlight the centrality of the urban and infrastructure system transition and building energy efficiency measures to deliver deep emission reduction goals of the Paris Climate agreement. We are excited about this opportunity to work with Infosys and AEEE in crafting actionable solutions that build on our impactful work on climate science, policy, and finance, capacity development, and innovation.”


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NSE-listed companies’ CSR spending Reached Rs 155.24 B in FY23

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Between FY22 and FY23, the CSR expenditures of 1,296 NSE-listed companies under India Inc. increased by 5%, from Rs 148.16 billion to Rs 155.24 billion.

The top three contributors in this category were HDFC Bank (Rs 8.20 billion), Tata Consultancy Services (Rs 7.83 billion), and Reliance Industries (Rs 7.44 billion).

Prime Database Group’s primeinfobase.com revealed that in FY23, ten businesses, including three previously mentioned ones, accounted for 33% of all CSR spending. Tata Steel (Rs 4.80 billion), Oil and Natural Gas Corp (Rs 4.75 billion), ICICI Bank (Rs 4.62 billion), Infosys (Rs 3.91 billion), ITC (Rs 3.65 billion), Power Grid Corporation of India (Rs 3.21 billion), and NTPC (Rs 3.15 billion) were other noteworthy companies among the top 10 in terms of CSR expenditure.

The CSR law, effective since April 2014, mandates businesses meeting financial requirements to allocate 2% of their average net profit for CSR initiatives. The average net profit of 1,296 companies in the past three years has increased from Rs 7.20 trillion in FY22 to Rs 8.14 trillion. Companies were supposed to spend Rs 157.13 billion on CSR but only set aside Rs 155.24 billion, according to an Economic Times report. Businesses transferred Rs 16.43 billion to the Unspent CSR Account, resulting in a difference in future use and remaining unspent.

Public sector units (PSUs) experienced a 17% decrease in spending from FY22, with 56 PSUs spending Rs 31.36 billion in FY23 compared to 59 PSUs’ Rs 37.66 billion in FY22.

The largest allocation in the previous year was to education, followed by healthcare. The largest increase in spending was towards environmental sustainability (76%) followed by education (41%) and rural development (26%).


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Infosys, Shell Partner for Green Data Centres

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Infosys and Shell have partnered for green data centers.

Infosys and Shell have partnered to develop an integrated green data center offering, combining their Digital and Energy capabilities with a network of partners.

The partnership between Shell Immersion Cooling Fluid and Infosys Topaz will accelerate the adoption of immersion cooling services for data centers. The joint solutions will help customers optimize their data servers, hardware, and IT components and enhance operational efficiency.

Shell immersion cooling technology has the potential to reduce CO2 emissions by up to 30% and the production of energy footprints by up to 48%. Using Infosys’ digital solutions and Shell’s immersion cooling, the two companies will test this. Both Infosys and Shell plan to expand the offer to additional customers worldwide after the pilot program at their respective data centers.

Shell immersion cooling fluid is a synthetic, single-phase immersion cooling fluid designed to maximize the energy efficiency and performance of data servers and IT components. , Infosys Topaz, is an AI-first set of services, solutions, and platforms that uses generative AI technologies.

According to industry estimates data centers account for as much as 1.5% of global CO2 emissions and up to 1.5% of global electricity consumption. Data center demand is predicted to increase faster than ever thanks to AI, and AI workloads will dramatically raise energy and CO2 emissions.

Ashiss Kumar Dash, EVP & Global Head, Sustainability, Services, Utilities, Resources, and Energy, Infosys, said, ” This collaboration will leverage AI-based digital solutions that will create environmentally responsible data centers that can manage high computing loads with optimized hardware. It is also critical that future digital and physical solutions are created to make AI more sustainable and scalable.”

Aysun Akik, VP New Business Development and Global Key Accounts Downstream & Renewables, Shell Lubricants, said, “Based on Shell’s proprietary gas-to-liquids (GTL) technology, Shell Immersion Cooling Fluids can help cut costs, boost performance, and reduce the environmental footprint of data center operations as part of an integrated solution. Working with Infosys to supplement our technology with digital solutions would bring complete data center optimization toolkits to customers, and we are excited about the prospect of helping them decarbonize.”


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Sustainable individual development (SID), DEI

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Sustainable Individual Development: Balancing Work, Life, and Health

Renjini Liza Varghese


In the contemporary world, the pursuit of sustainable individual development (SID) has become a paramount goal for many. This holistic approach encompasses various aspects of life, including work-life balance, healthy living, community involvement, and self-development. It is a vision that stands in stark contrast to the outdated notion of working excessively long hours, as famously suggested by Mr. Narayana Murthy. The implications of such a work ethic on issues like gender parity and employee well-being deserve careful consideration.

The concept of SID encourages us to evaluate our choices and priorities in light of our overall well-being. While it’s true that some individuals may find success by working 70 hours a week, it’s important to remember that one size does not fit all. The Infosys co-founder’s statement, while well-intentioned, could inadvertently widen the workforce gap, especially when striving for gender parity in the workplace.

Gender parity is a fundamental aspect of diversity, equity, and inclusion (DEI) initiatives that have gained considerable momentum in recent years. Organizations around the world are making substantial efforts to bridge the gender gap, promote equal opportunities, and foster an inclusive environment. Proposing long working hours as a norm runs counter to these essential efforts, potentially hindering progress.

The COVID-19 pandemic significantly transformed our world, especially the way we work. Flexible working arrangements have become the norm. While this has numerous benefits, it also has challenges. Increased stress, reduced social interaction, and health are among the top issues prevalent among working professionals. In this evolving landscape, employee welfare has emerged as a key focal point, particularly under the “S” factor of Environmental, Social, and Governance (ESG) compliance.

Of all the aspects within the “S” category, health takes precedence. Long hours of work can lead to various health risks—especially lifestyle-related diseases like hypertension and obesity. To maintain SID, a balance between work and personal life is essential. We must prioritize our health and well-being to lead fulfilling and productive lives.

Advocating for excessive work hours is counterproductive in today’s world. Rather than endorsing such practices, it is crucial to promote smart work and flexible working arrangements that enable individuals to be more productive without compromising their health and personal lives. SID involves considering the long-term impact of our choices on our well-being, our communities, and our world. It’s a vision that aligns with the evolving work culture and the growing emphasis on employee welfare and inclusivity. In a world that is changing rapidly, let us adapt and evolve while ensuring we prioritize our health and happiness on our journey toward sustainable individual development.

My mantra is to work smart, be flexible, and be productive!!! What’s yours?


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