Mahindra Logistics makes progress towards its Carbon Neutrality goal

~Joins the Science Based Targets Initiative (SBTi) which validates company’s achieved carbon reduction targets for 2021~
~ Among few logistics companies to set carbon reduction targets and validated by SBTi~

Mahindra Group creates a new milestone in aligning with Paris Agreement Thirteen Group companies commit to Science Based Targets initiative

Bonn / Mumbai, May 2, 2018: The USD 19 billion Mahindra Group today announced its further commitment to the Science Based Targets initiative (SBTi) at the Bonn Climate Conference currently underway in Germany. Eleven more Mahindra companies have committed to meeting SBTi, bringing the total to thirteen Mahindra companies that must ensure that their targets are approved by the initiative’s experts within two years to enable them to develop a roadmap to reduce greenhouse gas emissions, in alignment with Paris Agreement goals.

Over 100 global corporations using science-based targets to align strategies with Paris Agreement

• Electrolux and L’Oréal among latest major companies to set emissions reduction targets in line with goals of Paris Agreement, pushing the total to 103;
• Mahindra Sanyo Special Steel becomes first Indian company to set science-based targets;
• Companies span 23 countries, with USA, Japan and UK in the lead;
• Over 270 more companies have made a public commitment to the Science Based Targets initiative, with hundreds more expected to follow.

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