Commercial, Energy Efficiency, GHG Emissions  -  February 19, 2025

Tech Mahindra's Targets Receive Approval from SBTi

Tech Mahindra, a global provider of technology consulting and digital solutions to enterprises across industries, announced it achieved formal validation for its net zero  targets by the Science Based Targets initiative (SBTi). 

With this milestone, Tech Mahindra becomes the first Mahindra Group company to secure SBTi validation for its goals, joining an elite group of very few Indian companies whose targets have been approved. 

Tech Mahindra’s sustainability initiatives have already delivered measurable result, with renewable energy now accounting for 31% of energy consumption at owned locations and 22.96% globally as of 2024. The company’s Scope 1 and Scope 2 emissions have been reduced by over 31% in 2024 compared to the baseline year 2016.

Its targets are:

• Overall Net-Zero Target: Tech Mahindra commits to reach net-zero GHG  emissions across the value chain by FY 2035.
• Near-Term Targets: Tech Mahindra commits to reduce absolute Scope 1 and 2 GHG emissions 58.8% by FY 2030 from FY 2016 as base year.
• Long-Term Targets: Tech Mahindra commits to reduce absolute Scope 1 and 2 GHG emissions 90% by FY 2035 from FY 2016 as base year. Tech Mahindra also commits to reduce absolute scope 3 GHG emissions 90% by FY 2035 from FY 2020 as base year.

“Most of the new Request for Proposal (RFP) by various businesses globally are now making SBTi-approved targets a mandatory requirement,” said Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra, in a statement. “Achieving SBTi validation for our Net-Zero targets is a step forward in aligning with global sustainability standards. We remain dedicated to embedding sustainability into the fabric of our operations while enabling our customers to achieve their ESG objectives through innovation and technology.”

Tech Mahindra’s journey to sustainability extends beyond emissions reduction. The company actively incorporates eco-design principles, enhances energy efficiency through advanced technologies, and increases reliance on renewable energy sources. Tech Mahindra works closely with suppliers to promote sustainable practices across its supply chain, conducting regular audits and offering capacity-building programs.

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