Virtusa Achieves EcoVadis Gold Medal for Sustainability Excellence Globally

Virtusa Secures EcoVadis Gold Medal for Business Sustainability

In a remarkable achievement that underscores its commitment to responsible business practices, Virtusa Corporation has been honored with the EcoVadis Gold Medal for the third consecutive year. This prestigious accolade not only showcases the company's exceptional sustainability performance but also places Virtusa in the 98th percentile among all companies evaluated by EcoVadis globally. Furthermore, the company ranks in the top 1% within its industry sector, a distinction that emphasizes its leadership amongst peers.

Amit Bajoria, the Chief Financial Officer of Virtusa, stated that this recognition is a testament to the organization’s unwavering focus on sustainability. He explained, "This Gold Medal and our top-tier ranking are a testament to Virtusa's unwavering commitment to responsible business practices. Our sustainability agenda is integrated into our operations, our decision-making, and our long-term strategy. We recognize that sustainable performance goes hand in hand with financial and operational excellence – and we're proud that EcoVadis has validated that once again."

A Commitment to Sustainable Practices

Virtusa’s sustainability efforts are centered around three main pillars:
1. Reducing Environmental Impact: Virtusa has made significant strides in decreasing its ecological footprint. In Fiscal Year 2024, the company increased its renewable energy utilization to 28%, achieved a 15% reduction in Scope 1 and 2 emissions year-over-year, and successfully recycled 50% of its water usage.
2. Fostering Inclusion and Diversity: The company prioritizes creating an inclusive workplace and enhancing Employee Engagement by expanding efforts to engage suppliers focused on Environmental, Social, and Governance (ESG) factors globally.
3. Building Responsible Supply Chains: Through structured sustainability governance and regular stakeholder engagement, Virtusa is embedding ESG principles across its operations, aiming to foster responsible behavior from the start.

These strategic initiatives reflect Virtusa's long-term vision to promote resilience, inclusivity, and sustainability through innovative solutions and accountability.

Governance and Reporting Transparency

Virtusa’s commitment to sustainability is supported by structured governance and stakeholder engagement processes. The company actively communicates its achievements and ongoing efforts within the realms of sustainable practices in its Sustainability Report 2023–2024. This report details their action plan and sets clear goals for the future, demonstrating Virtusa's dedication to continuous improvement in sustainability.

With a robust framework in place, Virtusa is well-positioned to address the challenges and opportunities presented by the evolving business landscape while maintaining a focus on sustainable growth and governance. The company’s forward-thinking approach emphasizes not only technological advancements but also meaningful, measurable impacts in the communities and environments where it operates.

As the world increasingly embraces sustainable practices, Virtusa's recognition by EcoVadis serves as an important reminder that responsibility must be at the forefront of business objectives. The ongoing journey of Virtusa in engineering solutions that are not just efficient but environmentally conscious sets an example for many organizations aiming to strike a balance between profitability and sustainability.

In conclusion, Virtusa’s achievement in securing the EcoVadis Gold Medal for sustainability is a significant milestone that illustrates the potential positive impact a company can have on the world while driving business success. The commitment to sustainable practices will likely strengthen its market position and inspire other companies to adopt similar measures, fostering a collective movement towards a more sustainable future.