Potential offtaker

Tech Mahindra

www.techmahindra.com

Estimated electricity consumption

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Countries of production presence

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Tech Mahindra is a leading technology consulting company based in India. With a focus on digital transformation and innovation, the company has established itself as a key player in the technology consulting sector. Tech Mahindra has a global presence with operations in over 90 countries and a workforce of over 131,000 employees.

In recent years, Tech Mahindra has made significant strides in decarbonisation and renewable energy. The company has recognised the urgent need to reduce carbon emissions and address the challenges of climate change. As a result, Tech Mahindra has implemented a number of initiatives to reduce its carbon footprint and promote sustainable practices.

One of the key initiatives undertaken by Tech Mahindra is the implementation of corporate energy management programs. These programs aim to reduce energy consumption and improve energy efficiency across the company's operations. Tech Mahindra has set ambitious targets to reduce its energy consumption by 20% by 2021 and has implemented a range of measures to achieve this goal. These measures include the installation of energy-efficient lighting, the use of renewable energy sources, and the implementation of energy management systems.

In addition to energy management programs, Tech Mahindra has also implemented corporate power purchase agreements (PPAs) for renewable energy. PPAs are long-term contracts between a company and a renewable energy provider, which guarantee a fixed price for renewable energy over a set period. By entering into PPAs, Tech Mahindra is able to reduce its reliance on fossil fuels and promote the use of renewable energy. The company has set a target to source 50% of its energy from renewable sources by 2025.

Tech Mahindra has also invested in renewable energy projects, including wind and solar power. The company has developed a 120 MW solar power plant in the Indian state of Telangana, which is one of the largest solar power plants in the country. The project has helped to reduce carbon emissions and promote the use of renewable energy in India.

In addition to its own initiatives, Tech Mahindra has also partnered with other companies and organisations to promote decarbonisation and renewable energy. The company is a member of the RE100 initiative, which is a global initiative that brings together companies committed to sourcing 100% of their electricity from renewable sources. Tech Mahindra has also partnered with the Carbon Trust, a UK-based organisation that helps companies reduce their carbon footprint and promote sustainable practices.

In conclusion, Tech Mahindra is a leading technology consulting company that has recognised the urgent need to address the challenges of climate change. The company has implemented a range of initiatives to reduce its carbon footprint and promote sustainable practices, including corporate energy management programs, corporate PPAs for renewable energy, and investments in renewable energy projects. Tech Mahindra's commitment to decarbonisation and renewable energy is a testament to its dedication to sustainability and its role as a responsible corporate citizen.

✓ Science Based Targets member
✓ Declared Net Zero commitment