MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 56 SCIENCE-BASED TARGETS (SBT) Given the significant impact of climate change on our operations, we are committed to science-based targets that align with global efforts to limit global warming. In line with the Science Based Targets initiative (SBTi), we have established ambitious targets to reduce GHG emissions across our value chain. We aim to reduce Scope 1 and Scope 2 emissions by 47% per equivalent product unit and Scope 3 emissions by 30% per sold product unit by 2033, relative to a 2018 baseline. RENEWABLE ENERGY Energy transition is pivotal in accelerating our efforts toward achieving carbon neutrality and combating climate emergency. We are swiftly transitioning from hydrocarbons to incorporate costeffective and eco-friendly energy sources like solar and wind into our energy portfolio. Our installed capacity of renewable energy has reached 86MWp, contributing significantly to the emissions reduction. Additionally, renewable projects with solar and wind installations are underway which will enhance the renewable share in the overall energy mix.
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