Tech Mahindra vows to cut its GHG emissions by 22 pct by 2030
IT firm Tech Mahindra Monday said it is committed to reducing its greenhouse gas emissions by 22 per cent by the year 2030, from a 2016 base-year. The company aims to further reduce its greenhouse gas emissions by 50 per cent by the year 2050.
The same has been approved by the Science Based Targets initiative (SBTi), Tech Mahindra said in a statement. "The SBTi approval confirms that Tech Mahindra's long-term targets are in line with the level of decarbonisation required to keep global temperature increase below 2°C, as compared to pre-industrial temperatures, as set out in the Paris Agreement on climate change," it added.
Tech Mahindra Chief Sustainability Officer Sandeep Chandna said the company is consciously adopting a strategy that will deliver innovative solutions without adversely affecting the environment. "SBTi gives us a clear roadmap to optimise our carbon footprint and is enabling us to move towards a low carbon economy that will reduce future climate change risks," he added.
The Mumbai-based company said it is focusing on improving energy efficiency through process optimisation, energy conservation initiatives, increased use of renewable energy and by investing in low emission and green technologies. The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). It defines and promotes best practice in science-based target setting and independently assesses and approves companies' targets.
(With inputs from agencies.)
- Techstars chooses 10 companies for accelerator programme
- NCLAT seeks list of IL&FS group companies as govt proposes resolution plan
- Partnership with India can substantially benefit Monaco's companies says President
- 14 French companies to participate in Bengal Business Summit from Feb 7
- Around $20 billion investment made by several companies at conference: President