New global initiative to increase energy productivity has Mahindra & Mahindra as the first Indian company on-board.
21 Apr 2016 | 4511 Views | By Autocar Pro News Desk
The Climate Group, an international non-profit organization with offices in Greater China, North America, India and Europe, has announced a new energy campaign called EP100 that will work with the world’s most influential businesses in setting commitments to double their energy productivity and maximise the economic output from each unit ...
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The Climate Group, an international non-profit organization with offices in Greater China, North America, India and Europe, has announced a new energy campaign called EP100 that will work with the world’s most influential businesses in setting commitments to double their energy productivity and maximise the economic output from each unit of energy used.
The EP100 campaign also welcomed its first partner company today, Mahindra & Mahindra. By signing up to EP100, the Indian-based company has committed to doubling its energy productivity by 2030, a core requirement for any business signing on to the campaign.
The concept of energy productivity aligns energy efficiency more directly with business growth and development objectives. If more companies were to adopt energy productivity within their business models, the global fossil fuel bill could be reduced by an estimated 2 trillion euros (Rs 152,880,001 crore) and create more than six million jobs globally by 2020.
Dr Pawan Goenka, executive director, Mahindra & Mahindra, said: “Sustainability is an integral part of Mahindra’s approach to business. At Mahindra, it has always been our endeavour to drive positive change by making every aspect of our business sustainable. By signing up for EP100, we are making a significant commitment to doubling our energy productivity by 2030 on a baseline of 2005, and hope to make a strong contribution towards achieving the climate goals agreed upon at COP21. We hope many other corporations will become a part of this campaign.”
Krishnan Pallassana, India executive director, The Climate Group, said: “Enhancing energy productivity enhances organisational value and profitability. It also directly contributes to achieving national and global commitments emissions reductions. We are witnessing a global clean revolution that calls for a paradigm shift in energy generation and consumption; doing more with less energy simply is the way forward to a sustainable future.
“EP100 is another way we are supporting businesses to help achieve and implement bold climate targets. Having Mahindra & Mahindra join us as the first signatory to EP100 not only publicly states their ambitious intent towards energy productivity, but will also inspire others in India to include energy productivity targets as part of a new ‘norm’ for global business.”