Indian IT giant Tech Mahindra recently committed to lowering its total greenhouse gas emissions by 22 percent by 2030, in accordance with the Paris Agreement, a UN agreement designed to address global climate change beginning in 2020. Tech Mahindra’s committed reduction by 22 percent is part of a larger company goal to reduce total emissions by 50 percent by the year 2050.
“The SBTi approval confirms that Tech Mahindra’s long-term targets are in line with the level of decarbonization 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,” the company said in a statement.
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). According to its website, it promotes science-based target setting as a powerful way of boosting companies’ competitive advantage in the transition to the low-carbon economy.
“SBTi gives us a clear roadmap to optimize our carbon footprint and is enabling us to move towards a low carbon economy that will reduce future climate change risks,” explained Sandeep Chandna, Tech Mahindra’s Chief Sustainability Officer.
Tech Mahindra is committing to lowering its carbon footprint through a combination of process optimization and energy conservation initiatives. It’s also striving to use an increasing amount of renewable energy and investing in low emission and green technologies.