TCS Named Among Top 50 Most Community-Minded Companies in the United States

Tata Consultancy Services is in The Civic 50, Point of Light’s Annual List Honoring Standard Bearers of Corporate Citizenship and Social Impact for the Seventh Year

PRESS RELEASE

NEW YORK, May 23, 2023: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been named a 2023 honoree of The Civic 50, Points of Light’s prestigious annual list recognizing the top community-minded companies in the United States. This is the seventh time TCS has been part of this list. TCS was also recognized as the Information Technology Sector Leader for the fifth consecutive year.

Points of Light, the world’s largest nonprofit dedicated to accelerating people-powered change, based the list on the results of its annual survey and honored TCS for its corporate social responsibility initiatives, ongoing service to its communities and positive societal impact.

“In carrying on the Tata group of companies’ 150-year legacy of socially responsible business practices, TCS puts community first, and we are always grateful for recognition of the positive social impact of our work,” said Balaji Ganapathy, Chief Social Responsibility Officer, TCS. “Our efforts focus on people who are underserved, and human security in the communities in which we live and work. At the same time, we are focused on our global citizenship efforts.”

“Companies play a critical role in creating thriving, participatory communities,” said Diane Quest, Interim President and CEO, Points of Light. “Companies like Tata Consultancy Services set a model for others, showing how to best use employee talent, business assets and integration to create meaningful impact, and we’re thrilled to uplift and celebrate their work as an honoree of The Civic 50 2023.”

“The American Red Cross extends its congratulations to TCS on the occasion of its seventh listing as an honoree of The Civic 50,” said Mary Barneby, CEO, American Red Cross in Greater New York. “We're delighted for the opportunity to applaud the efforts and recognition of our long-time partner.”

In 2022, TCS:

Inspired 13,148 TCS employees in the U.S. to volunteer over 33,135 hours, supporting social good and propelling positive change in their communities.
Reached about 6,300 North American students (50.8% young women) through goIT curricula and participation in its beloved monthly competition, the TCS goIT Monthly Challenge.
Delivered goIT learning and exploration opportunities to students and their teachers in about 140 North American cities, resulting in more than 90,000 hours of high-impact skill building and computer science programming for students under the age of 18.
Launched the inaugural goIT Global Innovator of the Year Program to inspire youth underrepresented in technology to pursue STEM learning and careers.
Helped organizations, including Peace First and International Medical Corps advance their impact with the support of donated IT consultancy services through its Community Innovation program.
Achieved an impressive total program reach for Ignite my Future program providing professional development and computational thinking resources to more than 38,500 educators with a reach of 1.8 million students since program inception and reached 4,091 teachers and 221,695 students in 2022.
Advocated for increased funding for the U.S. Department of Education's Education, Innovation, and Research (EIR) Program, holding over 30 meetings with House and Senate offices to raise awareness and seek expanded programs, successfully achieving a 21% increase.
Worked to advance inclusion with the launch of five new Employee Resource Groups and with the launch of “The Language of Inclusivity,” a beneficial resource for internal teams.

The Civic 50 survey is administered by True Impact, and the results are analyzed by VeraWorks. The survey instrument consists of quantitative and multiple-choice questions that inform the scoring process. The Civic 50 is the only survey and ranking system that exclusively measures corporate community engagement.

Now in its eleventh year, The Civic 50 is a national standard for corporate citizenship and showcases how leading companies are moving social impact, civic engagement and community to the core of their business. Honorees of The Civic 50 are companies with annual U.S. revenues of at least $1 billion and are selected based on four dimensions of their corporate citizenship and social impact programs: investment of resources and volunteerism, integration across business functions, institutionalization through policies and systems and impact measurement.

ABOUT TATA CONSULTANCY SERVICES (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 614,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

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