Qure.ai's Carbon Reduction Plan

Baseline year emissions (H1 FY24)

Overview and Tracker

• Sustainable Transportation Choices: Qure.ai encourages employees to adopt sustainable commuting habits, such as car-pooling, using public transportation, and opting for trains instead of flights for short inter-city travel. These choices not only reduce carbon emissions but also alleviate traffic congestion and contribute to cleaner air in our communities.

• Efficient Business Travel Management: In our commitment to reducing our carbon footprint, we are implementing measures to stabilize business travel. We achieve this by facilitating most conversations through video conferencing and adopting effective project management strategies. This approach helps minimize unnecessary travel, saving both time and resources.

• Global Hiring for Local Impact: To further limit the need for extensive global travel, we strategically hire talent across countries. This approach enables us to conduct important customer meetings and interactions without the environmental impact associated with long-distance travel. By leveraging local expertise, we maintain a global presence while reducing our carbon footprint.

• Waste Reduction Initiatives: We have instituted waste reduction programs that encourage recycling, composting, and the responsible disposal of electronic waste. These initiatives help decrease the environmental impact of our operations.

• We plan to reduce carbon emissions of Scope 3 from 2028 to 2033 by almost 50% by sustainable travel and global hiring. 

• Assuming that Qure’s customers grows at 5x between 2028 and 2033 and overall GPU computing becomes even more efficient and expecting 20% less costs. Also Qure investing in data servers using renewable energy by upto 50%. 

•  Maintaining the same level of emissions from scope 3.

•  Qure will aim to become Carbon neutral by 2050.

Plan to reduce carbon emissions

• Reducing Voluntary Turnover Rate: This social goal is aimed at retaining talent within the organization, reducing the need for employees to seek opportunities elsewhere. It involves the implementation of measures such as improved work-life balance, skill development programs, and recognizing and rewarding employee contributions. By lowering the voluntary turn overrate, we not only retain valuable experience and expertise but also send a message that we value our employees and their well-being.

• Promoting Access to Healthcare in Underserved Communities: This goal is centered on Qure.ai's commitment to making healthcare accessible, not only to our clients but to underserved communities as well. It involves initiatives such as partnerships with community healthcare providers, donation of equipment or services, and involvement in medical camps. By promoting healthcare access in underserved areas, we contribute to a more equitable society and demonstrate our dedication to the broader community.

• Encouraging Community Service Among Qure Employees: This social goal focuses on fostering a culture of giving back. Encouraging employees to engage in community service not only benefits the community but also enhances team morale and builds a sense of social responsibility. It could encompass initiatives such as paid time off for volunteering, company-wide volunteer events, or donation matching programs.

• Promoting Diversity and Inclusion: Diversity is a cornerstone of a modern, inclusive workplace. This goal involves creating an environment where all individuals, regardless of their background, feel valued and included. It includes measures such as diversifying hiring practices, creating diverse talent pipelines, and implementing training programs to combat unconscious biases. Promoting diversity and inclusion enhances creativity, innovation, and overall company performance.

• Training and Development: This goal highlights the importance of nurturing and upskilling our employees. A well-trained workforce is not only more productive but also more satisfied. Training and development initiatives can encompass various skills, from technical to soft skills. They empower employees to grow within the organization, take on new challenges, and develop a sense of belonging and career progression.

• Ensuring Supplier Compliance with Qure ESG Standards: This involves setting and maintaining high environmental, social, and governance (ESG) standards for the suppliers and partners that Qure.ai collaborates with. It may require thorough due diligence in assessing potential suppliers, implementing supplier codes of conduct, and ongoing monitoring. The goal is to ensure that suppliers align with Qure's values and commitments in areas such as sustainability, ethical business practices, and social responsibility.

• Regular Reporting: Regular reporting is an essential aspect of Qure.ai's ESG strategy. This involves the collection, analysis, and presentation of data related to ESG performance. It's not just about tracking progress but also about transparency and accountability.Reporting may cover areas like carbon emissions, diversity and inclusion metrics, community engagement initiatives, and more.These reports serve multiple purposes, from showcasing achievements to identifying areas for improvement and providing stakeholders with information they need to make informed decisions.

• Management Goals: This practice ties a portion of executive compensation, specifically variable pay, to the achievement of ESG-related objectives. These objectives could include targets related to reducing the company's carbon footprint, increasing diversity within the workforce, or meeting specific social impact goals. Linking ESG performance to executive pay creates a powerful incentive for top management to prioritize ESG initiatives, aligning personal financial interests with the company's broader environmental and social responsibilities. It's a way to drive meaningful change from the topdown.