Mahindra & Mahindra to go carbon neutral by 2040

Mahindra & Mahindra (M&M) Friday said it aims to become a carbon neutral company by 2040 with focus on energy efficiency and usage of renewable power. 

The company will work on its carbon neutrality commitment with international non-profit organisation Environmental Defense Fund (EDF), M&M said in a statement.

"We are doing our part in the global fight against climate change with this ambitious new target," Mahindra Group Chairman Anand Mahindra said.

TRENDING NOW

D-Street Newsmakers: Tata Power, Subros, Ashok Leyland among 10 stocks that buzzed the most on Monday

Tata Power shares near record high after power generator joins hands with Indian Oil to set up EV charging points

Ujjain BJP MLA Mohan Yadav to be new Madhya Pradesh Chief Minister

Sovereign Gold Bond 2023–24: Next tranche to open next week; all you need to know

Probes against Sahara group companies will not be impeded by Subrata Roy's death: Corporate affairs ministry

Nifty could see correction in December second half when FPIs go on vacation

Ola Electric reports total revenue of Rs 2,782 crore in FY23

Bank Nifty outperforms Nifty: Will the run-up continue?

GenAI startups defy funding winter, raise record $10 billion in 2023

Coca Cola India forays into Alcohol segment alcoholic beverage stocks Radico Khaitan, UBL, Sula Vineyards, Som Distilleries shares rise Tilaknagar Industries stock declines

Multibagger defence stock Apollo Micro Systems approves conversion of warrants - Details

Sensex touches 70,000 for first time, Nifty scales fresh peak; What's driving the indices higher?

BPCL dividend: Bharat Petroleum Corp shares to trade ex-date on Tuesday

GMR Airports' shares fly high; here's everything you need to know

1,178% return in 2 years: This NBFC stock hits upper circuit for second consecutive session

M&M will leverage the latest technological advances and its recently announced Carbon Price to work towards being carbon neutral by 2040, he added.

The company will focus on energy efficiency and the use of renewable power to achieve this target. Residual emissions will be addressed through carbon sinks, it added.

M&M is a signatory of the science-based targets initiative which provides companies with a clear pathway for reducing emissions in line with the Paris Agreement's goal of limiting global warming to well below 2?C above pre-industrial levels, the company said.