The pandemic led to an 85 per cent decrease in carbon emissions from outsourcing technology companies including IT, ITeS, engineering, GIC/GCC and startups in FY 2020-21, revealed a report by market intelligence firm UnearthInsight.
The reduction means a drop in approximately 0.3 million tonnes of carbon emission from pre-pandemic levels and approximately 2 million tonnes annually.
The reason for drop in carbon emissions could be attributed to factors such as Covid-induced work from home, increased adoption of digital platforms, electric vehicles (EV) and digital campus hiring platforms.
In FY 2020-21, a mere $750 million were spent on travel costs, resulting from commute to work, domestic travel, and international travel, by the outsourcing industry compared to $2.9 billion in FY 2019-20. Top five IT services companies — TCS, Infosys, HCL, Wipro and Tech Mahindra — spent around $370 million on travel costs in FY21, which is 75 per cent lower compared to $1.4…