Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, has been awarded the Terra Carta Seal, an initiative launched by the Prince of Wales’ Sustainable Markets Initiative (SMI), a UK climate group.
The inaugural 2021 Terra Carta Seal recognises global companies which are driving innovation and demonstrating their commitment to the creation of sustainable markets. It is being awarded to companies whose ambitions are aligned with those of the Terra Carta, a recovery plan for nature, people and planet, launched in January 2021.
As many as 45 global companies qualified for the ‘seal of approval’, including Amazon, Bank of America, Credit Suisse, HP, IBM, PepsiCo and Unilever.
Tech Mahindra has taken ambitious emission targets, approved by the SBTI (Science-based Targets Initiative) to reduce its absolute scopes 1 and 2 GHG (Greenhouse Gas) emissions. Tech Mahindra is also working closely with partners and customers to help them increase energy savings, digitise and automate operations and create collaborative work environments addressing the need for sustainable practices. This includes integrating technologies like IoT, AI, Blockchain and developing solutions like Micro Grid as a Service, Greenfield Smart city solutions, Smart grid, Smart Data Hubs, Smart Street light, Smart bin, Smart Energy Management, and Smart metering and analytics.
Prince Charles said: “The Terra Carta Seal recognises those organisations which have made a serious commitment to a future that is much more sustainable, and puts nature, people and the planet at the heart of the economy. We all need to make changes if we are to preserve the planet for our children and grandchildren and these businesses have pledged to make it easier for us all to do so.”
The Terra Carta Seal acknowledges that each industry faces unique challenges in its transition to a sustainable future and they are all at different stages of their journey. All industries and all companies must be supported as they take steps in a more positive direction. At the same time, an accelerated pace is required if we are to achieve a 1.5-degree target, restore biodiversity and benefit the lives and livelihoods of current and future generations.
The Terra Carta Seal has been awarded to companies who hold a leadership position within their industry and who have credible transition roadmaps underpinned by globally recognised, scientific metrics for achieving net zero by 2050 or earlier.
Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra, said: “The pandemic allowed us to step back, introspect and reassess priorities to build a sustainable and futuristic world with equitable opportunities. Tech Mahindra has been a forerunner towards delivering innovative solutions to effectively respond to climate change and drive towards a greener digital economy.
“Our emphasis on clean energy and optimum use of resources helps us in accelerating our transition towards a low carbon economy, while also creating sustainable value for our stakeholders. Receiving the Terra Carta Seal is yet another testament to our commitment towards sustainable practices and principles.”
Working closely with The Prince of Wales, Jony Ive and his creative team at LoveFrom have created a physical and animated seal engineered with paper that is simple, yet beautifully crafted. The design combines a host of natural references including oak leaves, fern, magnolia and honey bees and intricate patterns both in nature and in the arts, creating a visual celebration which reflects the power of nature that is at the heart of the Terra Carta.
Tech Mahindra is one of the 28 global 100 companies who have signed Business Ambition for 1.5°C commitment to halve emissions by 2030 and become net zero by 2050 and prevent adverse impacts of climate change. Ranked No1 in India and No72 globally in the list of ‘World’s 100 Most Sustainable Corporations’ by Corporate Knights, Tech Mahindra has adopted a climate action plan that provides a roadmap for the organisation to become carbon neutral by 2030.
