Mumbai: IT major Tech Mahindra on Friday said that it has signed a joint declaration with UN Global Compact urging governments to align their COVID-19 recovery efforts with the latest climate science.
Tech Mahindra reaffirms the science-based commitment of achieving net-zero carbon emissions while calling on governments to “prioritize a faster and fairer transition from a grey to a green economy.” By moving towards a zero-carbon resilient economy, Tech Mahindra aims to reduce carbon footprint, emissions and will conserve energy using new-age technologies like internet of things, artificial intelligence and blockchain.
Furthermore, an internal Carbon Price of $10/ton CO2 has also been implemented by the company to boost green investments and have also adopted a low emission technology path to increase the use of renewable energy from 1.7 pc in 2016 to 18 pc in 2020.
Moreover, Tech Mahindra has also taken targets to increase the renewable source of energy to 50 pc by 2025.
Tech Mahindra has joined 155 global companies in calling for policies that will build resilience against future shocks by supporting efforts to hold global temperature rise to within 1.5°C above pre-industrial levels, in line with reaching net-zero emissions well before 2050.
CP Gurnani, MD & CEO, Tech Mahindra, said, “COVID-19 has allowed all of us to reconfigure our priorities and understand the importance of building a sustainable world – by focusing on healthcare and leveraging technology to enable new ways of working. At Tech Mahindra, we are committed towards building a sustainable business with responsibility and by creating value for our stakeholders, while also keeping in mind the long-term impacts on the environment. It’s time to focus on and implement technology-led solutions that will help us reboot.”