Mahindra & Mahindra recently announced its commitment to become a carbon neutral company by 2040. The company will focus on energy efficiency and the use of renewable power, said the company in its latest statement.
Anand Mahindra, Chairman, Mahindra Group and co-chair of the Global Climate Action Summit currently underway in San Francisco committed that his entire group of businesses would become carbon neutral.
This is significant because earlier Anand had pledged that only its flagship company – Mahindra & Mahindra – would become carbon neutral by 2040. However, after listening to leaders speak at the Summit, he upped the ante on his commitment by extending that pledge to the entire group.
“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, Chairman, Mahindra Group.
The company will focus on energy efficiency and the use of renewable power to achieve this target. Residual emissions will be addressed through carbon sinks.
M&M will be working on its carbon neutrality commitment with the international non-profit organization Environmental Defense Fund (EDF), which works with leading companies to raise the bar for corporate sustainability leadership. It will continue to work with EDF and other leading partners as it implements actions towards achieving carbon neutrality.
M&M is also a signatory of the Science-based target’s initiative which provides companies with a clear pathway for reducing emissions in line with the Paris Agreement’s goal of limiting global warming to well below 2°C above pre-industrial levels. All these commitments are helping the company on its path to go carbon neutral.
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