This recognition from CDP reaffirms Tech Mahindra’s ambitious sustainability goals, including carbon neutrality by 2030.
Pune, February 14, 2024: Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, was today recognized by CDP, a global company, for corporate transparency and performance on climate change and water security. We announced that we received a double “A” in the leadership ranking. A nonprofit organization that operates a global environmental disclosure system for companies, cities, states, and regions. As the only Indian company to achieve a dual ‘A’ score, Tech Mahindra reaffirms its commitment to environmental leadership and proactively addressing global challenges.
CDP has the world’s largest environmental database and its scores are widely used to drive investment and procurement decisions towards a zero-carbon, sustainable and resilient economy. The recognition from CDP, coupled with significant efforts in renewable energy sourcing and water conservation initiatives, will help us move towards achieving ambitious sustainability targets, including carbon neutrality by 2030 and net zero emissions by 2035. It is a testament to Tech Mahindra’s progress. Based on data reported through CDP’s 2023 Climate Change and Water Security Survey, Tech Mahindra is one of the few companies out of over 21,000 companies to have achieved a double ‘A’ rating. .
Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra, said: “Tech Mahindra’s consistent recognition in CDP’s ‘A’ list across multiple years and categories reflects our unwavering dedication to addressing critical global challenges. Our industry-specific focus Our mission is to combat climate change and ensure water security, both of which are urgent responsibilities in the face of increasing threats to our planet.” Contributing to global ecosystems, communities and economies. We are taking steps to reduce our environmental impact by implementing sustainable practices, reducing carbon emissions, conserving water and investing in renewable energy. Our commitment reflected in these initiatives is a step towards a sustainable future. , symbolizing innovation, collaboration, and a resilient planet for future generations. ”
As part of its commitment to climate change, Tech Mahindra aims to increase its renewable energy sources to 90% by 2030. In FY23, we reduced Scope 1 and 2 emissions by 40%. The company has made significant progress, including achieving Indian Green Building Council (IGBC) and Leadership in Energy and Environmental Design (LEED) certifications for some of its campuses, implementing an internal carbon pricing strategy, and focusing on green procurement. I did. Additionally, to conserve water, he has installed over 5,600 water restriction devices and sensors, resulting in a 30% reduction in water consumption, and in 2023 he has recycled 200,024.3 kiloliters of water. Ta.
CDP CEO Shelley Madera said: “Congratulations to all companies on CDP’s A-list and those that have started or accelerated their environmental transparency efforts in 2023. Yes, we applaud you. Only by laying the foundations of disclosure can companies demonstrate that they are serious about playing a vital role in securing a net-zero and naturally positive future. A Being on the list is about more than just a score. It represents high-quality, complete data that gives companies a comprehensive view of their environmental impact, serves as a baseline for migration planning, and is extremely Importantly, we enable companies to achieve their goals. As the Decade of Action deepens and CDP continues to raise the bar for environmental leadership, the work of A-list companies will never be complete. We look forward to helping all businesses translate their efforts into even more meaningful and effective action.”
CDP evaluates using a detailed and independent methodology and is based on the comprehensiveness of demonstrating best practices related to environmental leadership, such as disclosing, recognizing and managing environmental risks, and setting ambitious and meaningful targets. and assign a score from A to D. Tech Mahindra has consistently been included in CDP’s ‘A’ list for climate change since 2014.
About Tech Mahindra
Tech Mahindra delivers innovative, customer-centric digital experiences that enable businesses, employees and society to stand up for a more equal world, future readiness and value creation. This is his $6.5 billion+ organization with more than 146,000 professionals in 90 countries, assisting his more than 1,250 global clients, including Fortune 500 companies. We are focused on leveraging next-generation technologies such as 5G, Metaverse, blockchain, quantum computing, cybersecurity, and artificial intelligence to enable end-to-end digital transformation for our customers around the world. The company is the first Indian company in the world to be awarded the Sustainable Markets Initiative’s Terra Carta Seal, which recognizes global companies that are actively taking the lead in creating a climate- and nature-positive future. The company is the world’s fastest growing brand by Brand Value Rank and is among the top 7 IT brands in the world by brand strength with an AA+ rating. With the NXT.NOW™ framework, Tech Mahindra aims to enhance the ‘Human Centric Experience’ of its ecosystem and drive collaboration disruption with synergies arising from the enterprise’s robust portfolio. We aim to deliver tomorrow’s experiences today and believe that the future is now.
Tech Mahindra is part of the Mahindra Group, founded in 1945, one of the largest and most admired multinational consortiums with 260,000 employees in over 100 countries. India holds leading positions in agricultural equipment, utility vehicles, information technology and financial services, and is the world’s largest tractor company by unit sales. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. Mahindra Group is globally leading in his ESG with the goal of bringing about positive change in the lives of communities and stakeholders and enabling their growth, enabling rural prosperity and improving urban life. There is a clear focus on that.
|| Contact us at www.techmahindra.com || Our social media channels Facebook; XLinkedIn, Youtube
About CDP
CDP is a global nonprofit organization that operates the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000 and partnering with more than 740 financial institutions with more than $136 trillion in assets, CDP uses capital markets and corporate procurement to encourage companies to disclose their environmental impacts and reduce greenhouse gas emissions. It has become a pioneer in reducing gas emissions, conserving water resources, and protecting forests. In 2023, more than 24,000 companies worldwide disclosed data through CDP. It includes more than 23,000 publicly traded companies representing two-thirds of the world’s market capitalization, and more than 1,100 cities, states and territories. Fully TCFD compliant, CDP has the world’s largest environmental database and CDP scores are widely used to drive investment and procurement decisions towards a zero-carbon, sustainable and resilient economy. It has been. CDP is a founding member of the Science Based Targets initiative, the We Mean Business Coalition, The Investor Agenda, and the Net-Zero Asset Managers initiative. For more information, visit cdp.net or follow @CDP.