Mahindra Group took a big step forward in its commitment to becoming carbon
neutral by 2040, with its Igatpuri manufacturing plant recently becoming
India’s first carbon neutral manufacturing facility. This was certified by
Bureau Veritas (India) Pvt. Ltd. a global leader in Testing, Inspection and
Kalra CEO - Mahindra Vehicle Manufacturers Ltd. & Chief Manufacturing
Operations at Mahindra and Mahindra Limited, said, “This is the first plant
within the Mahindra Group to be certified as carbon neutral. We have been able
to achieve this through energy efficiency, a sharp focus on the use of
renewable energy and the planting of trees to absorb residual carbon.”
& Mahindra was the first company in the world to commit to doubling its
energy productivity by 2030, signing on to The Climate Group’s EP100 programme.
Using energy efficient lighting, efficient heating, ventilation, and air
conditioning (HVAC), motors and heat recovery projects, M&M has doubled the
energy productivity of its automotive business almost 12 years ahead of
the achievement Anirban Ghosh, Chief Sustainability Officer, Mahindra Group
added, “Through the work we are doing on carbon neutrality we are not only
responding on the climate change challenge but our work also results in
improved efficiency, innovation and more importantly delivers on the business
case for sustainability.”
was also the first Indian company to announce its internal Carbon Price of $10
per ton of carbon emitted to fund investments required to pursue the path of
carbon neutrality. The price was carefully arrived at based on international
benchmarks and an assessment of what was required to achieve the goals set by
the business on energy efficiency and renewable energy.
company has over 10 years of experience in creating carbon sinks which has
helped it to achieve this goal. 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
is also a signatory of the Science Based Targets 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 toward carbon neutrality.
Source: Mahindra & Mahindra
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