HCLTech has been recognized on TIME magazine's World's Most Sustainable Companies 2026 list for the second consecutive year, solidifying its position as the highest-ranked India-headquartered firm in its category. The IT services giant also secured a spot among the world's top five professional services firms.
This annual ranking, a collaboration between TIME and Statista, rigorously evaluated over 5,800 companies globally across more than 20 sustainability indicators. These criteria included corporate commitments, transparency in reporting, and overall environmental and social performance.
Leading the Way in Environmental Stewardship
HCLTech highlighted several key achievements from its FY26 initiatives. The company reported replenishing 51 times more water than it consumed, setting a new benchmark for water stewardship. Additionally, all its owned facilities maintained platinum certification for zero waste-to-landfill.
The company has also significantly accelerated its climate action roadmap, achieving its Science Based Targets initiative (SBTi)-validated 2030 emissions reduction target four years ahead of schedule. HCLTech has set an ambitious broader goal of achieving net-zero emissions by 2040.
"Being recognized by TIME for a second consecutive year reflects the progress we are making in embedding sustainability deeper into the core of our business and advancing our net-zero ambition for 2040," stated Vipul Arora, Global Head of Sustainability at HCLTech. "Our focus remains on scaling impact through innovation, partnerships and responsible practices that enable long-term value for our clients, communities and the broader ecosystem."
Strong Financial Performance Alongside Sustainability
The sustainability recognition follows a robust financial performance for HCLTech in the June quarter (Q1 FY27). The company reported a 20% year-on-year increase in consolidated net profit, reaching ₹4,624 crore, surpassing analysts' estimates. Revenue from operations also saw a significant rise of 14% year-on-year, totaling ₹34,579 crore.
Despite a challenging demand environment and macroeconomic uncertainties, HCLTech maintained its FY27 guidance, projecting 1-4% year-on-year revenue growth in constant currency and an EBIT margin of 17.5-18.5%. This move defied expectations that the company might lower its outlook.
Outperforming Peers in Q1 FY27
Among Tier-1 IT majors, HCLTech emerged as a strong performer in Q1 FY27, recording the highest profit growth of 20% year-on-year. This outpaced competitors like Infosys (12.2%), TCS (5%), and Wipro (0.9%). Its 14% revenue growth matched TCS and Infosys, comfortably exceeding Wipro's 10.6%.
Analysts note HCLTech's confidence in execution, particularly in maintaining its FY27 revenue and margin guidance, contrasting with some peers facing pressure from slower discretionary spending. While TCS leads in deal wins and AI business expansion, and Infosys seeks broader demand recovery, HCLTech is increasingly viewed for its strong AI-led growth potential.