As we unveil our latest sustainability report, I am filled with immense pride to share the significant progress HCLTech has made in our journey towards a more sustainable and equitable future. This past year has been a testament to our collective efforts in making strides towards net-zero.

We have taken decisive and measurable steps towards our environmental goals, achieving a remarkable reduction in emissions over the past four years. Our Scope 1 and 2 emissions have decreased by 25% compared to our FY20 baseline, surpassing the SBTI verified target pathway by 5% for this year. Additionally, we have achieved a 29% reduction in Scope 3 emissions in FY24 compared to our baseline year of FY20, which is nearly 12% more than the target set for this year, aligned with our committed 2030 target.

Cleantech, for example, revolutionizes sustainability by offering innovative solutions that comply with regulations and drive competitive advantage. At HCLTech, we leverage advanced technologies like our award-winning NIO platform to enhance energy efficiency and reduce our carbon footprint. These solutions also help businesses cut costs, extend product lifecycles and thrive in an eco-conscious market.

Our dedication to sustainable practices is evident in our initiatives. We have improved our renewable energy consumption by 6% and decreased total energy consumption by 26% as compared to FY20 baseline year. We have taken decisive steps to drastically reduce water consumption, enhance water efficiency and preserve water quality across our offices. Since 2020, we have cut our water usage by 40% in India, where the majority of our operations are based and improved the resilience of communities against water stress. The scale of our initiatives is highlighted by the fact that our work in communities replenished 32 times more water than we consumed throughout the year.

To further extend our positive impact beyond our organization, we launched the HCLTech Americas Grant program, committing $5 million in grants over five years to support Not-For-Profit organizations (NPOs) with innovative projects focused on combating climate change, restoring ecosystems and enhancing biodiversity across the Americas.

Our commitment to Diversity, Equity and Inclusion is reflected at the highest levels of our organization. Our diverse board exemplifies our belief in the power of diversity in decision-making. While we recognize that there is still much work to be done, our sincere efforts are beginning to yield positive results.

It is gratifying to see our intentions and progress being recognized by various agencies. We have been acknowledged as being at a leadership level by CDP and have been ranked as one of the World's Most Ethical Companies® in 2024. Furthermore, we continue to be in the top quartiles of all leading ESG ratings.

Beyond our own operations, we remain steadfast in our commitment to empowering communities in the markets where we operate through our corporate social responsibility activities. To date, the HCLTech Foundation has positively impacted 6.5 million lives.

In sum, our actions this year have consistently reflected our purpose: to bring together the best of technology and our people, to supercharge progress. As we move forward, we are committed to delivering on our purpose and setting an example of responsible leadership in the technology sector. Our journey is far from over, but our achievements thus far inspire us to continue striving for a brighter, more sustainable future.

I want to extend my heartfelt gratitude to our dedicated employees, community partners and all relevant stakeholders. Your unwavering support and commitment have been instrumental in achieving our sustainability goals. Together, we have made significant strides towards a more sustainable and equitable future. Thank you for your continued partnership and collaboration.