By FY30, Susten commits to reduce absolute Scope 1 & 2 GHG emissions by 51.8%. Scope 3 emissions to drop 51.6% per MWp within the same timeframe
Susten becomes the fourth renewable IPP in India to have active SBTi target approval till date
MUMBAI (India CSR): Mahindra Susten, the clean-tech arm of the Mahindra Group, has secured approval from the Science Based Targets initiative (SBTi) for its near-term climate commitment targets. This extraordinary achievement is a testament to Susten’s pursuit of excellence and steadfast commitment to a sustainable future.
Science Based Targets Initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature. The corporate climate action organisation defines and promotes best practices in science-based target setting and independently assesses companies’ targets.
SBTi has endorsed Mahindra Susten’s commitment to reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions by 51.8% by FY30, from a FY21 base year. Susten also commits to reducing 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, positioning Susten as a critical player in the global fight against climate change.
“Our commitment to sustainability is unwavering. Securing the Science Based Targets initiative (SBTi) validation underlines our dedication to aligning responsible business growth with global climate goals, and reaffirms our mission to reimagine clean energy and empower lives,“ said Deepak Thakur, MD & CEO, Mahindra Susten.
“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. Additionally, to foster a resilient and sustainable supply chain, we have taken proactive steps to assess the ESG practices of key suppliers. We uphold operational excellence and transparency by maintaining a strong compliance record and diligent data validation. Looking ahead, we aspire to generate energy from the world’s greenest and most efficient renewable power plants—setting a benchmark for sustainable green power generation on a global scale,“ Thakur added.
Mahindra Susten is Mahindra Group’s renewable energy platform, Mahindra Susten is recognized as a leading IPP with a core focus on innovation and sustainability in the renewable energy sector. Mahindra Susten‘s comprehensive portfolio spans an impressive Engineering, Procurement, and Construction (EPC) (capacity constructed of over 4 GWp), an independent power producer (“IPP”) business with around >1.54 GWp of developed solar plants and >3.2 GWp of renewable power plants in development pipeline spread across several states in India, and plan to have a significant renewable IPP development pipeline, aimed at revolutionizing the energy landscape.
(India CSR)
