Mahindra & Mahindra on Friday announced that it has entered the World Index list of companies in the Dow Jones Sustainability Index (DJSI) 2021.
According to the press release from the company, out of the five Indian companies featuring in the World Index this year, two are Mahindra Group companies - M&M and Tech Mahindra. M&M is the first Indian ‘Automobile and Components’ company to enter the World Index of DJSI.
While M&M also features in the Emerging Market Index of DJSI for the 12th time in a row, Tech Mahindra has been a member of both the World Index and the Emerging Market Index for the last seven years. This year, there are only 13 other Indian companies in the Emerging Market Index, the release said.
Inclusions in these Indices recognise M&M’s leadership in the ESG domain; the company has committed to being a carbon-neutral company by 2040. It is also the first company globally to commit to doubling energy productivity and the first company in India to use an internal carbon price to drive climate investments. In addition, as a signatory of the Science-Based Targets programme, it has committed to reducing Scope 1 and Scope 2 emissions by 47% and Scope 3 emissions by 30% on a 2016 baseline and is well on its way to do so.
Dr Anish Shah, Managing Director & CEO, M&M, said, “This recognition comes at a time when all of us are fresh from COP26 discussions and revitalising our sustainability agenda. We believe that we have crossed the threshold on technology readiness in many industries including auto – this is a major shift from past years. As a result, we are working closely with ours partners and suppliers to create a viable ecosystem for the customers. Moreover, our employees follow the ‘MSP’ mantra i.e. make sustainability personal, which has brought several changes to our sustainability efforts at the grass-root levels. Being a part of the World Index is a validation of the path taken by M&M to build a sustainable business.”