The 2019 United Nations Climate Change Conference, also known as COP25, recently concluded in Madrid, Spain. A growing group of leading businesses have signed the 1.5°C pledge, and advocated a strong push for bold policies and action against climate change. From the earlier 87 pioneering businesses, this number has risen to 177, and the Mahindra Group was one of the original signatories to this important pledge.
The announcement at COP25 represents a major business contribution to the Climate Ambition Alliance – a growing, multi-stakeholder group convened by the COP25 Chilean Presidency. This Alliance brings together countries, businesses and investors that are working towards achieving zero net emissions by 2050.
Anirban Ghosh, Chief Sustainability Officer, Mahindra Group, said, “We’ve often been asked the question, ‘How do you manage the trade-off between climate action and growth’. And we find that taking climate action helps increase competitiveness, helps increase growth and provides jobs. The ambition is to contain the rise in global temperatures to a maximum of 1.5°C, but we cannot stop until we restore the environmental balance, when emissions are lower than sequestration, until we’ve finally got carbon in the air at less than 400 PPM (parts per million) once again.