Tech Mahindra Recognized As Global Leader On Climate Change For Four Years In A Row - GADGET-INNOVATIONS

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Tech Mahindra Recognized As Global Leader On Climate Change For Four Years In A Row

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Tech Mahindra is one of the only 4 Indian companies to secure a position in the Climate Disclosure Project (CDP) Global Supplier A List in 2019

Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions announced today that it has been recognized as a global leader on climate change for four years in a row. Tech Mahindra is one of the only four Indian companies to secure a position in the Climate Disclosure Project (CDP) Global Supplier A List in 2019 for engaging with its suppliers on climate change.

Tech Mahindra has been recognized for its actions and strategies to reduce emissions and manage climate risks in its supply chain in the past reporting year, by Climate Disclosure Project (CDP), an international Non-Government Organization (NGO) that drives sustainable economies.

Over 4,800 companies in total were assessed by CDP and given a Supplier Engagement Rating, based on answers to selected questions about governance, targets, scope 3 emissions, and value chain engagement of their response to the CDP 2019 climate change questionnaire and their overall CDP climate change score. Tech Mahindra is among the top 3% of organizations assessed by CDP, one of the 159 companies featured on the Leaderboard this year. 

The Supplier Engagement Leaderboard is available on CDP’s website. It follows on from CDP’s most recent supply chain report, Changing the Chain, which showed the vast potential for driving climate action at scale in the supply chain. The report found that major companies working with CDP have potential to cut a gigaton of emissions by driving their suppliers to increase their average proportion of renewable power by 20 percentage points. 

The full list of 159 companies to achieve a place on the CDP Supplier Engagement Leaderboard is available at: https://www.cdp.net/en/research/global-reports/changing-the-chain?#supplier-engagement

Tech Mahindra has effectively integrated climate change in its Enterprise Risk Management Framework. This helped identify fuel and energy tax risk which were addressed by using low emissions energy solutions and adopting clean/green technologies. Since April 2015, Tech Mahindra has achieved nearly US$2.3 million cost savings by deploying solar power, and leveraged cost savings worth nearly a quarter of a million dollars by installing energy efficient equipment. Tech Mahindra has also saved 23.7 million units of grid electricity in 2018-19. In addition, their Business Continuity Planning (BCP) exercise continually monitors risk assessment and mitigation measures, which cover their key functions, projects and systems.




New Delhi - February 18th, 2020



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