Note: Due to increased production, total energy consumption and scope 1 & 2 emissions are higher in FY25 compared to FY24. We expect a significant reduction by FY26 with the commissioning of new captive RE projects: 26 MW solar in Punjab, 7.5 MW solar CAPEX in Tamil Nadu, and a 42 MW solar + 25 MW wind hybrid in Maharashtra, targeted for completion by Dec 2025. CARBON EMISSIONS & CLIMATE ACTION Mahindra has committed to achieving carbon neutrality across our operations by 2040, underpinned by rigorous targets aligned with the Science-Based Targets initiative (SBTi). Our comprehensive decarbonisation strategy focuses on reducing Scope 1 (direct emissions from operations), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions from the wider value chain), thereby systematically addressing our total carbon footprint. ALIGNING TARGETS WITH SCIENCE Our SBTi-aligned targets reflect our ambition and accountability: • Scope 1 & 2: Achieve a 47% reduction in emissions per equivalent product unit by 2033, compared to a 2018 baseline, transitioning progressively to net-zero emissions by 2040. • Scope 3: Achieve a 30% reduction per sold product unit by 2033 relative to our 2018 baseline, actively engaging our suppliers and customers to amplify impact. OUR PROGRESS TOWARDS GOALS Total Energy Consumption (GJ) GHG Emissions (Scope 1) (tCO₂) GHG Emissions (Scope 2) (tCO₂) GHG Emissions (Scope 3) (tCO₂) 25,52,222 60,359 2,09,007 76,625,951 28,78,986 67,829 2,49,830 9,45,55,745 FY24 FY25 Environmental KPIs Rise For A More Equal World | 55 MAHINDRA & MAHINDRA LTD.
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