Mahindra Logistics is making headway towards carbon neutrality
Mahindra Logistics is one of the few firms in the logistics sector to receive this certification from SBTi, and it is trying to achieve its sustainable objective by 2040
Mahindra Logistics Ltd. (MLL) announced that the Science Based Targets Initiative (SBTi) has verified its carbon emission reduction objective, and the firm is on track to reach its long-term sustainability targets. This attainment of Carbon Reduction Targets has been established in line with the degree of reduction required to reduce global warming to 1.5°C, as stated in the Paris Climate Agreement.
This is a significant step toward the company's ambitious goal of becoming carbon neutral by 2040. In addition, Mahindra Logistics is one of the few firms in the logistics sector to receive this certification from SBTi, and it is trying to achieve its sustainable objective by 2040.
MLL signed an agreement with SBTi last year and met the goals it set for itself in the first year. By joining the initiative in 2021, MLL signalled its intention to align its targets with the Paris Agreement's most ambitious goal of limiting global temperature rise to 1.5°C above pre-industrial levels and reaching net-zero by 2050 in order to have the best chance of avoiding the worst effects of climate change.
Commenting on the same, Rampraveen Swaminathan, MD and CEO, Mahindra Logistics said, "Mahindra Logistics is deeply committed to sustainability, in line with our RISE philosophy. Joining SBTi is part of our focus on creating a transparent journey towards carbon neutrality, which can be aligned with clear programs and initiatives. This milestone is a validation of our commitment and plan to become carbon neutral by 2040."
Mahindra Logistics has launched a number of environmentally friendly projects, including carbon neutrality, circularity, and resource conservation. As part of the same initiative, a strong electric ecosystem is being built for its supply chain and corporate mobility companies. In addition, the business has been encouraging the use of CNG-powered freight and mobility vehicles across partner fleets.
Furthermore, MLL is investing in circularity, energy efficiency, and renewable energy, as well as building new facilities that meet IGBC/LDEED certification criteria, with the goal of having more than 1 MW of solar power in its warehouses by the end of FY2022-23.