Mahindra Automotive and Farm Equipment
At a Glance
Industry
Automotive
Project Types
Financial Evaluation and Planning, Goals/Targets, Sustainability and Energy Management Strategy
Year
2024
Location
Mumbai, Maharashtra
Summary
Shankar N developed a comprehensive strategy to reduce Scope 1 and 2 GHG emissions for Mahindra & Mahindra Ltd's Automotive & Farm sectors.Goals
Shankar N collaborated with Mahindra & Mahindra Ltd's sustainability team to create a practical emissions reduction strategy for their Automotive & Farm sectors. The primary objective was to assess achievable GHG reductions in Scope 1 and Scope 2 emissions by 2030, focusing on realistic mitigation strategies that are both financially and operationally feasible.Solutions
To accomplish his goals:
- Shankar explored potential reduction strategies based on the UN's Clean Development Mechanism (CDM), identifying 73 relevant methodologies out of 225 for Mahindra's decarbonization efforts, categorized by impact and novelty.
- He benchmarked sustainability reports from other automotive companies, identifying additional opportunities for GHG reduction.
- He designed a Scope 1 emissions strategy for the Auto & Farm divisions, prioritizing emission sources, conducting financial feasibility analyses, and identifying & collaborating with suppliers on new technologies.
- Additionally, Shankar prepared a summary of current electricity consumption & supported devising a strategy for Scope 2 emissions, including a gap analysis for renewable energy (RE) adoption, suggesting pathways to achieve RE100 by 2030.Potential Impact
Shankar's work offered Mahindra & Mahindra Ltd. a clear path to reduce greenhouse gas emissions. His plan outlined significant cuts in emissions for Auto & Farm divisions, aiming to fully decarbonize Scope 1 & 2 emissions through renewable energy adoption. These efforts could lead to a substantial reduction in annual emissions by FY30.
Related Links