Mahindra & Mahindra and Tech Mahindra have been recognised for leadership in corporate sustainability by global environmental non-profit CDP. The non-profit’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency.
The companies have secured a place on CDP’s prestigious ‘A list’ and are among the four Indian companies that achieved the feat out of 5,800+ businesses. The Two Mahindra companies have been recognised for their actions and strategies to reduce emissions their commitments and their water recharge initiatives in the past reporting year.
CDP rating is a recognition of the Mahindra companies’ significant demonstrable action on climate change and water security risks – two of the three environmental themes covered by the CDP. “Two Mahindra companies being among the four Indian companies to be featured on CDP’s Global A List is a reflection of our sustained efforts to pursue meaningful climate change goals,” said Anirban Ghosh, Chief Sustainability Officer, Mahindra Group.
Taking the lead on environmental transparency and action is one of the most important steps businesses can make, said Paul Simpson, CEO, CDP. “Our A List celebrates those companies that are preparing themselves to excel in the economy of the future by taking action today,” he added.
For over a decade, guided by an award-winning sustainability framework, the Mahindra Group has been leveraging its size and stature for maximum environmental impact. Since 2014, the Group has been ‘water positive’, operating 14 landfill-free manufacturing facilities while two holiday resorts and three locations have been certified ‘zero waste to landfill’.
The Group is committed to doubling energy productivity in its major businesses and is increasingly using renewable energy, while its Hariyali Program is committed to planting over a million trees annually. Twenty Group companies have set ‘science-based targets’ in alignment with the Paris Agreement. In addition, the Group engages with members of its value chain to transition to the low carbon economy of the future. “This recognition,” says Mr Ghosh, “only strengthens our commitment to be a carbon neutral group by 2040.”
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