Mastek Recognized as an "Industry Mover" in S&P Global Sustainability Yearbook 2025
Team Finance Saathi
27/Feb/2025

What's covered under the Article:
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Mastek has been recognized as an "Industry Mover" in the S&P Global Sustainability Yearbook 2025 for its exceptional ESG progress.
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Mastek's sustainability strategy includes carbon neutrality by 2040, significant ESG risk management, and social impact programs.
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The recognition highlights Mastek’s leadership in environmental, social, and governance (ESG) excellence, strengthening its reputation in the IT services sector.
Mastek Limited (NSE: MASTEK; BSE: 523704), a leading digital engineering and cloud transformation company, has been recognized as an "Industry Mover" in the prestigious S&P Global Sustainability Yearbook 2025. This recognition is awarded to companies that demonstrate the most significant year-over-year improvement in ESG performance within their industry.
A Prestigious Recognition in ESG Leadership
S&P Global’s Sustainability Yearbook 2025 evaluates over 7,690 companies across 62 industries, acknowledging those that excel in sustainable business practices. The "Industry Mover" distinction is given to the company in each sector that has achieved the strongest year-over-year score improvement in the S&P Global Corporate Sustainability Assessment (CSA).
Mastek CEO, Umang Nahata, stated, "Sustainability is a core part of our business strategy. We are committed to responsible and sustainable business practices, ensuring that our ESG efforts bring positive impact to our stakeholders."
Mastek’s Commitment to ESG Excellence
Mastek’s sustainability strategy spans three key pillars—Environmental, Social, and Governance (ESG)—with a long-term vision for corporate responsibility and ethical business practices.
Environmental Initiatives
Mastek has taken significant steps toward climate action and environmental sustainability, including:
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Aiming for carbon neutrality by 2040 through emission reductions, EV adoption, and energy efficiency measures.
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Setting Science-Based Targets initiative (SBTi)-aligned goals for emission reduction by 2025.
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Achieving reductions in water consumption by 3,155 KL and e-waste disposal of 3.7 tons.
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Planting over 3,405 trees globally since 2021 to enhance environmental conservation efforts.
Social Impact
Mastek’s corporate social responsibility (CSR) initiatives focus on employee well-being and community impact:
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Conducting awareness programs on cyber fraud prevention, cervical cancer, and mental health.
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Positively impacting 133,060 individuals in India (FY’24) through various CSR initiatives.
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Promoting an inclusive workplace culture, ensuring diversity and equal opportunities for all employees.
Governance Excellence
Mastek upholds transparent and ethical corporate governance, backed by a robust Enterprise Risk Management (ERM) framework:
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Aligning with the 10 principles of the UN Global Compact (UNGC) since 2024, supporting sustainable business growth.
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Maintaining zero data breaches, ensuring responsible data governance and cybersecurity.
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Prioritizing ethical business practices that enhance shareholder value and corporate trust.
Strengthening Market Position through ESG Leadership
The recognition as an "Industry Mover" in S&P Global’s Sustainability Yearbook 2025 reinforces Mastek’s position as a responsible and forward-thinking organization in the IT services sector. The company’s commitment to ESG principles reflects its broader vision of creating long-term stakeholder value while driving sustainable innovation.
For more details, visit: S&P Global Sustainability Yearbook 2025.
About Mastek
Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company operates in over 40 countries with a workforce of more than 5,000 employees. Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors including Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services.
With a strong focus on sustainability, ethical governance, and technological innovation, Mastek continues to drive business transformation while upholding its core values of trust, value, and velocity.
Conclusion
Mastek’s recognition as an "Industry Mover" in the S&P Global Sustainability Yearbook 2025 underscores its leadership in ESG-driven corporate excellence. With strong environmental, social, and governance commitments, the company is well-positioned to drive long-term value for stakeholders while contributing to a sustainable and inclusive future in the IT services industry.
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