This recognition from CDP reaffirms Tech Mahindra’s ambitious sustainability goals, including carbon neutrality by 2030 Mumbai – February 14th, 2024: Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services & solutions, today 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.
As the only Indian company to have received the dual ‘A’ score, Tech Mahindra has reaffirmed its commitment to environmental leadership and proactive 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. 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.” As part of its commitment to addressing climate change, Tech Mahindra aims to increase renewable energy sources to 90% by 2030.