IT firm Tech Mahindra on Monday said it is committed to reducing its greenhouse gas emissions by 22 percent by the year 2030, from a 2016 base-year. The company aims to further reduce its greenhouse gas emissions by 50 percent by the year 2050.
The same has been approved by the Science Based Targets initiative (SBTi), Tech Mahindra said in a statement.
"The SBTi approval confirms that Tech Mahindra's long-term targets are in line with the level of decarbonisation 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," it added.
Tech Mahindra Chief Sustainability Officer Sandeep Chandna said the company is consciously adopting a strategy that will deliver innovative solutions without adversely affecting the environment.
"SBTi gives us a clear roadmap to optimise our carbon footprint and is enabling us to move towards a low carbon economy that will reduce future climate change risks," he added.
The Mumbai-based company said it is focusing on improving energy efficiency through process optimisation, energy conservation initiatives, increased use of renewable energy and by investing in low emission and green technologies.
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). It defines and promotes best practice in science-based target setting and independently assesses and approves companies' targets.
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