The Mahindra Group has taken a 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 Certification (TIC). Vijay Kalra CEO - Mahindra Vehicle Manufacturers and Chief Manufacturing Operations at Mahindra and Mahindra, 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 & 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 program. Using energy efficient lighting, efficient heating, ventilation, and air conditioning (HVAC), motors and heat recovery projects, M&M claims to have doubled the energy productivity of its automotive business almost 12 years ahead of schedule.
Anirban Ghosh, Chief Sustainability Officer, Mahindra Group further 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.”
Mahindra 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. Mahindra says the price was reached upon on basis of international benchmarks and an assessment of what was required to achieve the goals set by the business on energy efficiency and renewable energy.
Mahindra says they 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.
Mahindra is also a signatory of the Science-Based Targets initiative which provides companies with a 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.