Tech Mahindra has re-emerged as a leader in the S&P Dow Jones Sustainability Indices (DJSI) 2020, one of the world’s most renowned indices for ESG (Environmental, Social & Governance), for the sixth consecutive year. Tech Mahindra is amongst only three Indian companies to be included in the DJSI World Index and one of the eleven companies from India in the DJSI Emerging Markets category. The company is also ranked amongst top seven global companies in the “IT services & Internet Software and Services” segment.
The DJSI ranking reflects Tech Mahindra’s on-going commitment towards driving its sustainability agenda across environmental, social and governance (ESG) principles through specific initiatives such as improved processes and policies, audits and assessments, transitioning to low carbon economy, implementing water security projects, adopting circular economy practices, and investing in innovation and green technologies and solutions.
S&P Dow Jones Indices (DJI) is the gold standard for corporate sustainability and the first global index to track sustainability efforts among corporates. The DJSI combine S&P DJI’s transparent rules-based index methodology with robust data from SAM’s Corporate Sustainability Assessment (CSA), an annual evaluation of companies’ sustainability practices. Each year, SAM evaluates more than 7,300 companies around the world. The year 2020 saw a record 19% increase in the number of companies actively completing the CSA which consists of a rigorous questionnaire assessing both public and non-public data submitted by participants.
Tech Mahindra has taken ambitious emission targets to reduce its absolute scopes 1 and 2 GHG (Greenhouse Gas) emissions 22% by 2030 and 50% by 2050, from baseline year 2016, which have been approved by the SBTI (Science-based Targets Initiative). The company has joined Business Ambition for 1.5°C to hold a rise in global temperature below 1.5°C and has also taken a target to increase their renewable energy to 50% by 2025. Tech Mahindra is also working closely with partners and customers to help them increase energy savings, digitize and automate operations and create collaborative work environments addressing the need for sustainable practices. This includes solutions like Micro Grid as a Service, Smart city solutions, Smart grid, Smart Data Hubs, Smart Street light, Smart bin, Smart Energy Management, and Smart metering and analytics.