INTELLIGENT BRANDS // Green Technology
Global SI , Tech Mahindra achieves double A leadership ranking in climate change
Tech Mahindra , a provider of digital transformation , consulting , and business re-engineering services and solutions , announced that it has secured a double A leadership ranking in corporate transparency and performance on climate change and water security by CDP , a global non-profit that runs the world ’ s environmental disclosure system for companies , cities , states and regions .
Sandeep Chandna , Chief Sustainability Officer , Tech Mahindra
As the only Indian company to have received the dual A score , Tech Mahindra has reaffirmed its commitment to environmental leadership and initiative-taking efforts in addressing global challenges .
CDP holds the largest environmental database in the world , and its scores are widely used to drive investment and procurement decisions towards a zero carbon , sustainable and resilient economy . The recognition from CDP validates Tech Mahindra ' s strides towards achieving ambitious sustainability goals , including carbon neutrality by 2030 and net zero emissions by 2035 , coupled with significant efforts in renewable energy sourcing and water conservation initiatives .
Based on the data reported through CDP ' s 2023 Climate Change and Water Security questionnaires , Tech Mahindra is one of a few companies to receive a double A rating out of over 21,000 .
CDP uses a detailed and independent methodology to assess , allocating a score of A to D – based on the comprehensiveness of disclosure , awareness and management of environmental risks and demonstration of best practices associated with environmental leadership , such as setting ambitious and meaningful targets . Tech Mahindra has consistently been recognised on CDP ’ s A list since 2014 for Climate Change .
As part of its commitment to addressing climate change , Tech Mahindra aims to increase renewable energy sources to 90 % by 2030 . In FY23 , it reduced its Scope 1 and 2 emissions by 40 %. The company has made significant progress , including achieving the Indian Green Building Council , IGBC and Leadership in Energy and Environmental Design , LEED certification for some of its campuses , implementing an internal carbon pricing strategy , and emphasizing green procurement .
Additionally , it has deployed over 5,600 water restrictors and sensors to conserve water , resulting in a 30 % reduction in water consumption , with 200,024.3 kilolitres of water recycled in FY23 .
Sandeep Chandna , Chief Sustainability Officer , Tech Mahindra , said , “ Tech Mahindra ' s consistent recognition on CDP ' s A list , spanning multiple years and categories , reflects our unwavering dedication to addressing critical global challenges . Our industry-specific focus lies in combating climate change and ensuring water security , both urgent imperatives amid escalating threats to ecosystems , communities , and economies globally .
“ 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 efforts , is a stride towards a sustainable future , symbolizing innovation , collaboration , and a resilient planet for future generations .”
Sherry Madera , CEO of CDP , said , “ Congratulations to all the companies on CDP ’ s A List , and those companies that started or accelerated their journey towards environmental transparency in 2023 – we saw a 24 % increase of disclosures last year and that trajectory is to be applauded .” p
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