News : Tech Mahindra Recognised as a World Leader for Corporate Action on Climate Change
Hyderabad, India, Oct 26, 2016 -- Tech Mahindra, a provider in digital transformation, consulting and business re-engineering, has been identified as a global leader for its actions and strategies in response to climate change and has been awarded a position on the Climate A List by Climate Disclosure Project (CDP), the international not-for-profit that drives sustainable economies.
193 "A Listers" appear on the list, which has been produced at the request of 827 investors. Thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology.
Tech Mahindra is among 9% of corporations participating in the CDP’s climate change program to be awarded a position on the Climate A List, in recognition of its actions to reduce emissions and mitigate climate change in the past reporting year.
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Tech Mahindra is one among the only 2 companies from India who have made it to the Climate ‘A’ list 2016, thus retaining its leadership position for climate change in India.
Mr Sandeep Chandna, Chief Sustainability Officer at Tech Mahindra said "It is indeed heartening and humbling to know that we have been featured as an ‘A’ lister by CDP for our disclosures on initiatives to reduce our carbon foot prints. The CDP ranking is a validation of our focus on impacting climate change positively through sustainable initiatives and including sustainability as part of the strategy in every aspect of our business practices."
The Climate A List is released in CDP’s Out of the starting blocks: Tracking progress on the corporate climate action report today. The report, which establishes the baseline for corporate climate action, reveals that global corporations have started the transition to a low-carbon economy and some are already capitalizing on the opportunities this affords. Companies’ progress on reducing emissions in line with the goals of the Paris Agreement will be tracked against this baseline in future annual reports.
"We are enthused to note that the quality of disclosure and efforts by Indian companies is improving year on year. Especially noteworthy is the fact the companies are adopting science-based targets. There is clearly a hope and we encourage companies to do more which will future-proof the growth trajectory," said Damandeep Singh, Director, CDP India.
The Climate A List, along with the climate scores of all companies publicly taking part in the CDP’s climate change program this year, is available on CDP’s website.
Tech Mahindra has been in the forefront of Sustainability and this year it was selected as one of the only 3 Indian companies to have entered the 2016 Dow Jones Sustainability Index (DJSI) World rankings and by being one of the 10 Indian companies ranked in the DJSI emerging markets. Tech Mahindra is also ranked as One Amongst the Top 3 Indian companies and ranked among the Top 20 Sustainable Asian Companies by the Channel NewsAsia Sustainability Ranking.
Posted by Veronica Silva Cusi, news correspondent
Source: Tech Mahindra
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Tech Mahindra is a leading provider of solutions and services to the telecommunications industry with a majority stake owned by Mahindra & Mahindra Limited, in partnership with British Telecommunications plc.
Published: Thursday, October 27, 2016
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