Mahin­dra plans to be­come car­bon neu­tral com­pany by 2040

The Gulf Today - Business - - REGION -

MUM­BAI: Mahin­dra & Mahin­dra (M&M), In­dia’s lead­ing man­u­fac­turer of util­ity ve­hi­cles and part of the $20.7 bil­lion Mahin­dra Group, an­nounced its com­mit­ment to be­come a car­bon neu­tral com­pany by 2040.

For this, the com­pany will be work­ing with En­vi­ron­men­tal De­fense Fund (EDF) to meet its car­bon neu­tral­ity com­mit­ment.

M&M will fo­cus on en­ergy ef­fi­ciency and the use of re­new­able power to achieve this tar­get. Resid­ual emis­sions will be ad­dressed through car­bon sinks, the com­pany said.

“We are do­ing our part in the global fight against cli­mate change with this am­bi­tious new tar­get. Mahin­dra will lever­age the lat­est tech­no­log­i­cal ad­vances and its re­cently an­nounced car­bon price to work to­wards be­ing car­bon neu­tral by 2040,” Mahin­dra Group Chair­man Anand Mahin­dra said in San Fran­cisco, US.

He is in the Cal­i­for­nia city to co-chair the Global Cli­mate Ac­tion Sum­mit (GCAS) that aims to en­cour­age all stake­hold­ers to raise their am­bi­tion with many new pos­si­bil­i­ties emerg­ing out of the dis­cus­sions.

Mahin­dra was the first com­pany in the world to com­mit to dou­bling en­ergy pro­duc­tiv­ity by sign­ing on to The Cli­mate Group’s pro­gramme EP100.

“We have al­ready seen re­mark­able value in re­duc­ing emis­sions through the EP100 pro­gram which aims to dou­ble en­ergy pro­duc­tiv­ity in our main busi­nesses - auto, farm equip­ment and holiday re­sorts,” Mahin­dra said.

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