Coforge files FY26 sustainability report with 83% Scope 2 drop

3 min read     Updated on 02 Aug 2026, 10:46 PM
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AI Summary

Coforge Limited filed its FY26 BRSR, reporting an ~83% drop in Scope 2 emissions and SBTi-validated net-zero targets. With ₹95,725 million turnover and 28,366 employees, the company emphasized renewable energy adoption, water stewardship, and robust governance frameworks assured by Bureau Veritas.

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Coforge Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the National Stock Exchange of India Limited and BSE Limited on August 02, 2026, disclosing significant progress in environmental metrics including an approximately 83% reduction in Scope 2 greenhouse gas emissions. The filing, which forms part of the company’s Annual Report for FY26, underscores the organization’s alignment with global sustainability standards and its commitment to carbon neutrality by 2040. For investors and stakeholders, these disclosures signal strengthened ESG governance and reduced operational carbon intensity, key factors in enterprise procurement decisions and regulatory compliance under SEBI’s listing regulations.

The submission was made pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Barkha Sharma, Company Secretary and Compliance Officer, signed the document on behalf of coforge . Bureau Veritas (India) Private Limited conducted an independent reasonable assurance engagement on the BRSR Core disclosures, confirming that the data is free from material misstatement in accordance with ISAE 3000 (Revised) and ISAE 3410 standards.

Environmental Performance and Climate Targets

Coforge reported substantial improvements in its environmental footprint during FY26. The company achieved an approximately 83% reduction in Scope 2 emissions, driven by the transition of its Greater Noida campus to 100% green energy via a 75 kW captive solar plant and broader renewable energy adoption. Additionally, the company recorded a ~2% year-on-year reduction in total water withdrawal and consumption, recharging 18,692 kiloliters of water through rainwater harvesting. Waste management initiatives led to a ~16% reduction in total waste generated compared to FY25, with zero food waste achieved through composting at the Greater Noida campus.

Metric FY26 Performance Target/Goal
Scope 2 Emissions Reduction ~83% Carbon Neutral by 2040
Water Withdrawal Reduction ~2% YoY Water Positive by 2040
Waste Generated Reduction ~16% YoY Zero Waste to Landfill by 2040
Renewable Energy Usage 100% at Greater Noida Pan-India Transition

The Science Based Targets initiative (SBTi) has validated Coforge’s near-term and net-zero targets, which include a 42% reduction in Scope 1 and 2 emissions by 2030 over FY24 levels. The company also secured LEED USGBC Platinum ratings for its Greater Noida and Bengaluru facilities and LEED ID+C Gold for Hyderabad.

Workforce and Social Governance

As of March 31, 2026, Coforge employed 28,366 individuals, comprising 26,932 permanent employees and 1,434 other-than-permanent employees. Women constituted 29% of permanent employees and 17% of the Board of Directors. The company reported a total employee turnover rate of 19% for FY26, consistent with the previous year’s total rate but lower than the 21% recorded in FY24. Cost incurred on employee well-being measures stood at 2.03% of total revenue, up from 1.86% in FY25.

Governance structures include a Board-level CSR & ESG Committee chaired by Beth Boucher, which oversees sustainability strategy and performance. The company maintains robust policies on anti-bribery and corruption (ABAC), human rights, and sexual harassment prevention (POSH), with 100% coverage of value chain partners assessed for health, safety, and working conditions. No fines or penalties were levied against the company during the reporting period.

Financial Context and CSR

Coforge’s turnover for FY26 was ₹95,725 million, with a net worth of ₹84,537 million. Exports contributed 81% of the total turnover. The company’s Corporate Social Responsibility (CSR) initiatives focused on education, digital inclusion, and environmental conservation. Key programs included the Coforge Public Library network, which recorded 167,000 footfalls across three locations, and the sponsorship of 600 children’s education through Vidya & Child Schools. The company also supported 190 adolescent girls under the Udayan Shalini Program and engaged in wetland restoration projects in Surajpur.

What the Numbers Show

The dramatic ~83% drop in Scope 2 emissions is primarily attributable to the shift toward renewable energy sources rather than operational efficiency alone, highlighting the strategic importance of energy procurement in Coforge’s decarbonization roadmap. While revenue grew to ₹95,725 million, the company maintained a stable attrition rate of 19%, suggesting that talent retention remains a consistent challenge despite increased investment in well-being measures (up to 2.03% of revenue). The high export contribution of 81% underscores the company’s exposure to international ESG standards and client expectations, making the SBTi validation and LEED certifications critical competitive differentiators in global procurement evaluations.

Historical Stock Returns for Coforge

1 Day5 Days1 Month6 Months1 Year5 Years
-1.48%+19.52%+17.42%+4.06%-1.63%+69.26%

How might Coforge's 81% export revenue exposure make it vulnerable to evolving EU CSRD regulations or US supply chain ESG mandates?

What specific strategies will Coforge employ to address Scope 1 emissions, given that the recent 83% reduction was primarily driven by Scope 2 renewable energy shifts?

Could the stable 19% attrition rate despite increased well-being spending indicate a need for structural changes in compensation or career progression to retain top tech talent?

Coforge launches Momentum AI unit to scale enterprise AI execution

2 min read     Updated on 30 Jul 2026, 12:09 PM
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Coforge Limited has introduced Momentum AI, a new operating unit focused on executing enterprise AI projects using Forward Deployed Engineers (FDEs). Leveraging the Coforge Nuuron AI Operating System and a pod-based delivery model, the unit aims to help clients achieve measurable business outcomes like cost reduction and faster cycle times. The launch includes a 90-day applied AI academy to scale specialized talent.

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Coforge Limited announced the launch of Momentum AI, a specialized operating unit designed to accelerate enterprise AI transformation through its Forward Deployed Engineer (FDE) model. The new division, launched on July 30, 2026, aims to bridge the gap between AI strategy and execution by deploying human + agent pods directly within client organizations to deliver measurable business outcomes.

Momentum AI is built around the company’s FDE framework, which embeds engineers within client teams to take ownership of business results. The unit leverages Coforge Nuuron, the company’s AI Operating System, to connect enterprise knowledge, workflows, and decisions, enabling rapid operationalization of business context. This approach allows teams to deploy AI agents and accelerate execution across the enterprise, moving clients from experimentation to production-grade systems.

Operational Model and Talent Strategy

The division operates with a pod-based structure that pairs experienced Senior FDEs with high-potential associates. This model is supported by a 90-day applied AI academy and ongoing skills development programs designed to scale capability rather than just headcount. The talent architecture ensures that rapid deployment does not compromise executive judgment, domain expertise, or production rigor.

Parameter: Details
Unit Name: Momentum AI
Core Model: Forward Deployed Engineers (FDEs)
Technology Enabler: Coforge Nuuron AI Operating System
Delivery Structure: Human + Agent Pods
Talent Development: 90-day Applied AI Academy

Lalit Wadhwa, Chief Technology Officer at Coforge, emphasized that most organizations struggle with execution rather than ideas. "Momentum AI was built to close that gap," Wadhwa said. "Our FDEs work within client teams, take ownership of business outcomes, and rapidly transform enterprise knowledge into production systems that create measurable value."

Strategic Focus on Scale and Velocity

Sudhir Singh, Chief Executive Officer of Coforge, stated that competitive advantage will come from the ability to deploy AI repeatedly and at scale. "While the market spent the last few years announcing AI strategies... we focused on building the operating system, talent model, and delivery model to make AI work at enterprise scale," Singh noted. He described Momentum AI as the convergence of these elements, enabling clients to turn intelligence into action faster than competitors.

What the Numbers Show

The launch signals a strategic shift from advisory or experimental AI engagements to outcome-led delivery. By embedding engineers directly into client workflows via the FDE model, Coforge aims to capture value through measurable metrics such as lower operating costs, faster cycle times, and higher conversion rates. The dedicated academy suggests a long-term commitment to scaling this specific talent pool, reducing dependency on external hiring for specialized AI roles.

Historical Stock Returns for Coforge

1 Day5 Days1 Month6 Months1 Year5 Years
-1.48%+19.52%+17.42%+4.06%-1.63%+69.26%

How will Coforge's FDE model differentiate its pricing and revenue structure compared to traditional time-and-materials IT consulting engagements?

What specific regulatory or data governance challenges might arise from embedding AI agents directly into client workflows via the Nuuron operating system?

How does the 90-day Applied AI Academy plan to address the potential talent retention risks associated with rapidly upskilling associates in a competitive market?

More News on Coforge

1 Year Returns:-1.63%