18-09-2023 12:50 PM | Source: Accord Fintech
TCS gains on launching TCS Product Life Cycle Profiler

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Tata Consultancy Services is currently trading at Rs. 3605.70, up by 5.85 points or 0.16% from its previous closing of Rs. 3599.85 on the BSE.

The scrip opened at Rs. 3583.95 and has touched a high and low of Rs. 3611.15 and Rs. 3574.05 respectively. So far 53456 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3611.15 on 18-Sep-2023 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.

Last one week high and low of the scrip stood at Rs. 3611.15 and Rs. 3445.10 respectively. The current market cap of the company is Rs. 1320332.10 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.32% and 5.38% respectively.

Tata Consultancy Services (TCS) has launched the TCS Product Life Cycle Profiler, an innovative life cycle assessment (LCA) tool that offers a scalable and dynamic approach to product LCA by computing environmental impacts across product lines. Businesses across the world are looking to enhance their sustainability by decarbonizing their supply chains, reducing their carbon footprint, and building circular business models. Measurement of the lifetime environmental impact of the products they manufacture or purchase is core to their sustainability strategies. Moreover, the environmental impact of any product, determined through a life cycle assessment, influences the purchase decisions of environmentally conscious buyers, creating a need for robust and scalable LCA tools.

TCS Product Life Cycle Profiler enables simultaneous LCA for all products originating from a specific manufacturing facility and offers a comprehensive view of the impact from materials, transportation, suppliers, energy consumption, and processes. It computes environmental impact across multiple dimensions, beyond greenhouse gas emissions, from human toxicity and water use to ozone depletion and particulate matter – and highlights impact hotspots to alert the organization to possible changes. Companies can consequently run scenario simulations for devising low impact, circular product strategies and lead decarbonization pathways.

The solution, built in collaboration with Pre Sustainability, eliminates the challenges associated with conventional LCA systems, namely difficult data management, a non-scalable product by product approach and static point-in-time reports with no insights into impact scenarios or recommended actions.

TCS brings its years of expertise in data management, analytics and digital technologies to integrate primary enterprise data and run activity-based footprint algorithms to carry out product LCA dynamically and at scale, providing actionable insights into environmental impacts across product value chains while adhering to the common governing standards. Additionally, the tool is based on open-source technologies and a cloud-agnostic architecture so it can be easily deployed across different cloud platforms.

TCS 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 50 years.