Mahindra Logistics moves ahead in its carbon Neutrality goal

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The Science Based Targets Initiative (SBTi) has certified Mahindra Logistics Ltd.'s target to reduce carbon emissions

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 indicating that the company is on track to reach its long-term sustainability goals.

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This attainment of Carbon Reduction Targets is in line with the level of reduction required to keep global warming below 1.5°C

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as stipulated in the Paris Climate Agreement. This is a significant step toward the company's ambitious goal of becoming carbon neutral by 2040.

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Mahindra Logistics is one of the few firms in the logistics sector to achieve this certification from SBTi

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and it is trying to meet its long-term objective of 2040.

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MLL inked this agreement with SBTi last year and was successful in meeting the established standards in the first year.

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MLL signaled its intention to align its targets to the most ambitious goal of the Paris Agreement, which is to limit global temperature rise to 1.5°C

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above preindustrial levels and reach net-zero by 2050 for the best chance of avoiding the worst effects of climate change, by joining the initiative in 2021

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according to the company's press release.

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"Mahindra Logistics is deeply committed to sustainability, in line with our RISE concept," said Rampraveen Swaminathan, MD and CEO of Mahindra Logistics. 

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On the BSE, Mahindra Logistics ended the day at Rs466.75, down Rs9.35 or 1.96 percent from its previous close of Rs476.10.

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