Mahindra & Mahindra becomes first company to join EP100 campaign led by The Climate Group

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IndiaCSR News Network

NEW DELHI:  The Climate Group has announced a new energy campaign –  EP100 – that will work with the world’s most influential businesses in setting commitments to double their energy productivity and maximize the economic output from each unit of energy used.

Mahindra-riseThe campaign also welcomed its first partner company today, Mahindra & Mahindra Ltd., the world’s largest manufacturer of tractors. By signing up to EP100, the Indian-based company has committed to doubling their energy productivity by 2030, a core requirement for any business signing on to the campaign.

The concept of energy productivity aligns energy efficiency more directly with business growth and development objectives. If more companies were to adopt energy productivity within their business models, the global fossil fuel bill could be reduced by an estimated €2 trillion (INR 1 crore 52 lakhs crores) and create more than six million jobs globally by 2020.

Pawan-GoenkaDr. Pawan Goenka, Executive Director, Mahindra & Mahindra Ltd., said, “Sustainability is an integral part of Mahindra’s approach to business. At Mahindra, it has always been our endeavour to drive positive change by making every aspect of our business sustainable. This is our philosophy behind “Rise for Good”.

“By signing up for EP100, we are making a significant commitment to doubling our energy productivity by 2030 on a baseline of 2005, and hope to make a strong contribution towards achieving the climate goals agreed upon at COP21. We hope many other corporations will become a part of this campaign.”

Krishnan Pallassana, India Executive Director, The Climate Group, said: “Enhancing energy productivity enhances organizational value and profitability. It also directly contributes to achieving national and global commitments emissions reductions. We are witnessing a global clean revolution that calls for a paradigm shift in energy generation and consumption; doing more with less energy simply is the way forward to a sustainable future.

EP100 is another way we are supporting businesses to help achieve and implement bold climate targets. Having Mahindra & Mahindra join us as the first signatory to EP100 not only publicly states their ambitious intent towards energy productivity, but will also inspire others in India to include energy productivity targets as part of a new ‘norm’ for global business.”

The campaign is led by  The Climate Group and is an action of the  We Mean Business coalition. EP100 also operates in collaboration and alignment with The Global Alliance for Energy Productivity and the United Nation“Sustainable Energy for All” initiative.

More details on EP100 will be released at the  Energy Efficiency Global Forum in Washington DC, May 11-12, where the campaign will be full launched. To find out more, visit our website  here.

EP100 is a global campaign to encourage the world’s most influential businesses to commit to doubling their energy productivity – which means getting more economic output from each unit of energy input. To join the campaign, companies must commit to double their energy productivity by 2030.

Developed and administered by The Climate Group, EP100 operates in collaboration and alignment with The

Global Alliance for Energy Productivity and the United Nations “Sustainable Energy for All” initiative, and is an action of the We Mean Business coalition. EP100 is also complementary to RE100. Combined, energy productivity and renewable energy represent the most economical pathway to decarbonisation for many – or most – companies.

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency. A USD 16.9 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic

Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

The Climate Group is an award-winning, international non-profit with  offices in Greater China, North America, India and Europe. Our goal is to help leaders transition to a prosperous low carbon economy, driven by the rapid scale-up of clean and renewable energy.

The global climate deal which has been struck at the Paris COP represents a new beginning: the chance to accelerate our low carbon future. The Climate Group is working with governments, businesses and investors to implement the Paris Agreement, holding them to account where appropriate through reporting mechanisms, and ensuring we bend the emissions curve downwards to secure a thriving, clean economy for all.

The Climate Group is also the convenor of  Climate Week NYC. In September 2015, Climate Week NYC hosted 120 events as the collaborative space in support of the UN Summit to adopt the Post-2015 Development Agenda.

Relevant social media links:

Mahindra.com

@MahindraRise

Facebook

TheClimateGroup.org

@ClimateGroup

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