Mahindra Group Commits to Carbon Neutrality by 2040

The entire Mahindra Group is committed to becoming Carbon Neutral by 2040 said Chairman Anand Mahindra in an important announcement at the Global Climate Action Summit (GCAS). “We are doing our part in the global fight against climate change with this ambitious new target. Mahindra will leverage the latest technological advances and its recently announced carbon price to work towards being carbon neutral by 2040,” said Anand Mahindra.

Mahindra’s focus will be on energy efficiency and the use of renewable power to achieve this ambitious target. The Group will use its decade-long expertise of creating carbon sinks to deal with residual emissions and will follow the best-established protocols. The Company will work with the international non-profit organization, Environmental Defense Fund (EDF), which works with leading companies to raise the bar for corporate sustainability leadership.

M&M’s pursuit of carbon neutrality is already in full swing with key initiatives as seen in the infographic on the right.

Mahindra Leads the Way for Science-Based Targets

Among the 20 Mahindra Group companies to sign up for the Science-Based Targets initiative (SBTi), Mahindra Sanyo became the first steel company in the world to get its targets approved. This covers more than 90% of the Group’s emissions.

The companies responded to Chairman Anand Mahindra’s call made at the World Economic Forum in January 2018. He asked businesses worldwide to commit to set science-based emissions reduction targets and align their business strategies with what climate science says is required to prevent dangerous global warming.

Companies around the world are responding to the need for making the transition to low-carbon business models of the future, since the historic Paris Climate Change Agreement was signed in 2015, by 197 countries, and became a legally-binding treaty, that came into force on November 4, 2016.

The Mahindra companies that have committed to SBTi are:

 Mahindra & Mahindra Limited  Mahindra World City Developers Limited
 Mahindra & Mahindra Financial Services Limited  Mahindra First Choice Services Limited
 Mahindra Logistics Limited  EPC Industries Limited
 Mahindra Susten Private Limited  Swaraj Engines Limited
 Mahindra Holidays & Resorts India Ltd.  Growmax Agri Equipment Limited
 Mahindra Accelo  Mahindra Electric Mobility Limited
 Mahindra Lifespaces Developers Limited  Mahindra Sanyo Special Steel Pvt. Ltd.
 Mahindra World City Jaipur Limited  Tech Mahindra Limited
 Mahindra USA Inc.  Mahindra Automotive Australia Pty. Limited
 Bristlecone INC  Mahindra Automotive North America

Energy Efficiency to Drive Competitiveness for Mahindra Companies

Increases in Energy Productivity will be crucial to the business strategy, growth and competitiveness of the Mahindra Group in the future.

In fact, Mahindra & Mahindra is the first company in the world to sign on to the EP100 program, the global, collaborative initiative of influential businesses that pledges to double their energy productivity by 2030. Recently, Mahindra Holidays (RE100), Mahindra Heavy Engines Limited (MHEL) and Mahindra Vehicle Manufacturers Limited (MVML) have also signed up to EP100. MVML is committing to doubling its energy productivity by 2039, compared to 2014, while MHEL plans to double its energy productivity by 2041, over 2016.

Vijay Kalra, ED & CEO, Chief of Manufacturing Operations, M&M Auto Division, said, “Operating in a country like India which is energy deficient, energy security and energy cost is of vital importance for sustainable business performance. By joining the EP100 program, we demonstrate our commitment to our employees, society and nation at large. There will be innovation and new technologies that will change the way we live and work. It’s all about arriving at a win-win situation.”

In addition to this, Mahindra Electric has also signed up on the EV100, a global initiative bringing together forward-looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030. EV100 is part of a growing family of corporate leadership initiatives led by The Climate Group, an NGO, and is part of the We Mean Business coalition’s work to address the key components of a future-proofed and low carbon business model.

Among the initiatives that MHEL and MVML have implemented under the Energy Management System are Smart Metering, Smart Lighting, and Smart Ambient Control, using IoT platform and also leveraging Data Analytics for optimising the usage.

The companies have introduced integrated energy efficiency guidelines in the procurement process and purchase of energy efficiency products, equipment and services (energy efficient motors, lights, air conditioners and machines) as per the Green Procurement Guidelines. The emphasis on Green Building helps in improving the energy efficiency of buildings. Adopting renewable energy by way of solar and wind power will also help in reducing energy costs, increasing energy security and reducing the carbon footprint.

Tech Mahindra Launches World’s First AI Challenge to Combat Climate Change

Tech Mahindra announced its partnership with the Global Climate Action Summit (GCAS) to launch AI4Action, the world’s first global Artificial Intelligence (AI) challenge aimed at delivering solutions to combat climate change.

The AI4Action competition will challenge students from schools, colleges, universities and corporates in four major cities – San Francisco and New York (US), London (UK) and New Delhi (India) – to come up with creative, AI-powered applications over the next year that will help tackle climate issues impacting the environment. Tech Mahindra and the Global Climate Action Summit (GCAS) will select ten finalists who can demonstrate tangible solutions for climate action.

The overall winner will present an actionable idea that can be transformed into a real-world solution, in time, for the United Nations Climate Summit in 2019. Through AI4Action, Tech Mahindra aims to deliver unique solutions by arming ordinary citizens with AI-based technology and tools to combat climate change.

Speaking about the role of AI in delivering future-ready solutions, Anand Mahindra, Chairman, Mahindra Group, said, “The world has a historic opportunity to reboot future development with de-carbonised, climate compliant technologies. AI will be a powerful new tool in the fight against climate change and the more businesses that get behind this technology, the faster we can all transition to a cleaner and more energy efficient economy.”

Powered by ACUMOS, AI4Action will show the world how to utilize the wealth of insights and data. It will enable entrepreneurs, startups, citizens and students to unearth opportunities that are available right in front of us to act upon.

Tech Mahindra is already leading the way, adopting future technologies to reduce pollution in our cities. They are running the world’s first AI-powered Smart Waste Management solution for the city of Jabalpur which is a step in the right direction.

Tweet of the week

Chairman Anand Mahindra, “Since we have been saying that the battle against climate change is the next enormous business opportunity, then we need to walk the talk. And I’ve committed our Group to this stretch goal because I believe it will drive innovation and lead to new business incubation.”

Read the Tweet

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