Mahindra Susten, the clean-tech arm of the Mahindra Group has secured approval from the SBTi for its near-term climate commitment targets, becoming the fourth independent power producer to obtain this approval.
SBTi has endorsed Mahindra Susten, s commitment to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions 51.8% by FY30, from a FY21 base year.
Susten also commits to reduce scope 3 GHG emissions 51.6% per megawatt peak (MWp) over the same period. These targets align with the Paris Agreement’s goal to limit global temperature rise to 1.5°C.
Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature. The corporate climate action organisation defines and promotes best practice in science-based target setting and independently assesses companies’ targets.
“We have already achieved 100% water positivity, ensuring we replenish more water than we consume, and obtained a Zero-Waste-to-Landfill certification for our 1.5 GWp developed portfolio by rigorously reducing and recycling material waste," said Deepak Thakur, MD & CEO, Mahindra Susten. He added that the company has taken steps to assess ESG practices of key suppliers.