Mahindra’s Decarbonization Pathway using the Science Based Targets (SBTs)
Customer Company Size
Large Corporate
Region
- Asia
Country
- India
Product
- Sphera’s Sustainability Consulting Services
Tech Stack
- Science Based Target Initiative (SBTi) methodology
- Sphera’s Life Cycle Assessment (LCA) GaBi databases
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Environmental Impact Reduction
- Brand Awareness
Technology Category
- Analytics & Modeling - Data-as-a-Service
Applicable Industries
- Automotive
Applicable Functions
- Business Operation
Use Cases
- Energy Management System
Services
- Cloud Planning, Design & Implementation Services
- Data Science Services
About The Customer
Mahindra & Mahindra Ltd. (M&M Ltd. or Mahindra), a mobility products and farm solutions provider, is the flagship company of the Mahindra Group, an Indian multinational federation of companies operating in over 100 countries around the globe with a presence in multiple industries. The company has over 256,000 employees worldwide and generates a revenue of $19.4 billion. The company is headquartered in Mumbai, Maharashtra, India. Mahindra is committed to combating climate-related risk and contributing to the ambitious emissions reduction target set by the Group. The company has set a robust Science Based Target (SBT) in line with the climate goal from the Paris Agreement.
The Challenge
Mahindra & Mahindra Ltd. (M&M Ltd. or Mahindra), a mobility products and farm solutions provider, is the flagship company of the Mahindra Group, an Indian multinational federation of companies operating in over 100 countries around the globe with a presence in multiple industries. In order to take action on combating climate-related risk and contribute to the ambitious emissions reduction target set by the Group, M&M Ltd. decided to set a robust Science Based Target (SBT) in line with the climate goal from the Paris Agreement. During the target development process the company assessed and set science-based greenhouse gas (GHG) reduction targets, considering their direct (scope 1) and indirect (scope 2 & 3) emissions. Mahindra evaluated their emissions based on the Science Based Target Initiative (SBTi) methodology, using primary collected data and data from Sphera’s LCA databases GaBi, to get robust insights for their entire value chain.
The Solution
Mahindra turned to Sphera to benefit from their expertise in scope 3 GHGs screening and quantification across applicable categories from all of 15 categories and strategic consulting services in simulating scenarios for setting up emission reduction targets using the Transportation Sector Decarbonization Approach (SDA) and SBTi tools. Sphera’s sustainability experts supported M&M Ltd. by setting up targets using SBTi methodology for scope 1, 2 and 3 emissions, by assisting in the validation process and helping with announcing the targets. Furthermore, the baseline for scope 3 GHG emissions was calculated based on Sphera’s Life Cycle Assessment (LCA) GaBi databases. Sphera’s Sustainability Consulting Services help companies develop robust science-based decarbonization strategies by developing a sustainability roadmap that is aligned with business goals, identifying the baseline and tracking progress with professional reporting tools and expert’s knowledge, supporting the entire SBT setting process, and defining ambitious and measurable scope 3 targets and giving insights into the company’s value chain impacts.
Operational Impact
Quantitative Benefit
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