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EAST BRUNSWICK, N.J. & BANGALORE, India-Wednesday 3 March 2021 [ AETOS Wire ]
(BUSINESS WIRE)-- Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has joined the ‘Partnering for Racial Justice in Business initiative’ launched by the World Economic Forum to promote a culture of diversity, inclusion, equity and justice for people of all racial backgrounds in the workplace.
The initiative is aimed towards driving action and accountability for companies to confront racism at a systemic level, set new global standards for racial justice in business and accomplish necessary policy changes for inclusion and advancement of professionals with under-represented racial and ethnic identities.
Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited said, “As a global brand that influences millions of lives across the world, it is our responsibility to accelerate every attempt towards equity and justice. Wipro is glad to join this important initiative. We will do everything we can to help us all rise up and, together, strive for racial justice. Wipro seeks to access as many different resources as possible, to learn from them, and introduce inclusive practices into our hiring, retention and employee growth approach. Without a doubt, we must be inclusive in our hiring process, create new platforms to engage with employees and alleviate existing racial tensions, encourage racial empathy, and cultivate a fully inclusive and welcoming workplace. We want to ensure legal protection to end discrimination. By joining the Forum’s Partnering for Racial Justice in Business initiative, we hope to cross-pollinate ideas with fellow industry leaders who are philosophically aligned with this belief, and accordingly help develop a set of industry standards and best practices.”
“With just 1% of Fortune 500 companies led by Black chief executives, the need to tackle racial under-representation in business is urgent and obvious. To design racially and ethnically just workplaces, companies must confront racism at a systemic level, addressing not just the structural and social mechanics of their own organizations, but also the role they play in their communities and the economy at large. The Partnering for Racial Justice in Business initiative provides an effective platform for businesses to take individual and collective action towards racially and ethnically just workplaces,” said Saadia Zahidi, Managing Director at the World Economic Forum.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global
information technology, consulting and business process services
company. We harness the power of cognitive computing, hyper-automation,
robotics, cloud, analytics and emerging technologies to help our clients
adapt to the digital world and make them successful. A company
recognized globally for its comprehensive portfolio of services, strong
commitment to sustainability and good corporate citizenship, we have
over 180,000 dedicated employees serving clients across six continents.
Together, we discover ideas and connect the dots to build a better and a
bold new future.
Forward-looking and Cautionary Statements
The forward-looking statements contained herein represent Wipro’s
beliefs regarding future events, many of which are by their nature,
inherently uncertain and outside Wipro’s control. Such statements
include, but are not limited to, statements regarding Wipro’s growth
prospects, its future financial operating results, and its plans,
expectations and intentions. Wipro cautions readers that the
forward-looking statements contained herein are subject to risks and
uncertainties that could cause actual results to differ materially from
the results anticipated by such statements. Such risks and uncertainties
include, but are not limited to, risks and uncertainties regarding
fluctuations in our earnings, revenue and profits, our ability to
generate and manage growth, complete proposed corporate actions, intense
competition in IT services, our ability to maintain our cost advantage,
wage increases in India, our ability to attract and retain highly
skilled professionals, time and cost overruns on fixed-price, fixed-time
frame contracts, client concentration, restrictions on immigration, our
ability to manage our international operations, reduced demand for
technology in our key focus areas, disruptions in telecommunication
networks, our ability to successfully complete and integrate potential
acquisitions, liability for damages on our service contracts, the
success of the companies in which we make strategic investments,
withdrawal of fiscal governmental incentives, political instability,
war, legal restrictions on raising capital or acquiring companies
outside India, unauthorized use of our intellectual property and general
economic conditions affecting our business and industry. The conditions
caused by the COVID-19 pandemic could decrease technology spending,
adversely affect demand for our products, affect the rate of customer
spending and could adversely affect our customers’ ability or
willingness to purchase our offerings, delay prospective customers’
purchasing decisions, adversely impact our ability to provide on-site
consulting services and our inability to deliver our customers or delay
the provisioning of our offerings, all of which could adversely affect
our future sales, operating results and overall financial performance.
Our operations may also be negatively affected by a range of external
factors related to the COVID-19 pandemic that are not within our
control.
Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210302006233/en/
Contacts
Media Contact:
Shraboni Banerjee
Wipro Limited
Shraboni.banerjee@wipro.com
