Page 60 - SAMENA Trends - January-February 2023

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Tech Mahindra Ranked Number 1 in the S&P Global Sustainability Yearbook

2023

USD 84 trillion in market capitalization with 708 companies
selected for this year’s Yearbook. The recognition reflects Tech
Mahindra’s ongoing commitment to drive its sustainability agenda
across Environmental, Social, and Governance (ESG) principles
through focused initiatives such as improved processes and
policies, audits and assessments, human resources programmes,
social engagements, transitioning to net zero, water stewardship
projects, adopting circular economy practices, investing in
innovation and green technologies and solutions, amongst others.
Sandeep Chandna, Chief Sustainability Officer, Tech Mahindra,
said, "Sustainability is in the very core of our organization, with
our strategy, culture, and future, all aligned towards ensuring
a sustainable organization. Our more than a decade-long
commitment towards ESG has helped us understand and develop
policies that integrate sustainability and business profitability. This
recognition by S&P Global is a testament to our ESG culture. It
underlines that we are on the right track to becoming an organization
focused on environment stewardship, social development, and
robust corporate governance." Tech Mahindra has established
a decarbonization roadmap to ensure they are net zero by 2035.
Tech Mahindra has implemented a carbon price to reduce GHG
emissions and invested in various sustainability projects such
as increasing renewable energy mix, improving energy efficiency,
Tech Mahindra, a leading provider of digital transformation, implementing Environmental Management Systems, and investing
consulting and business reengineering services and solutions, in LEED and Green Building Certifications. Tech Mahindra,
announced that it has been ranked number 1 in the S&P Global a pioneer in sustainability and its end-to-end ESG offerings,
Sustainability Yearbook 2023. Tech Mahindra has been ranked including consulting and advisory services along with leading
amongst the top 1% of organizations in the global IT Services digital solutions across value chain, is bringing thought leadership
segment. The S&P Global Sustainability Yearbook aims to and accelerating customers’ journey towards a more sustainable
distinguish individual companies, within their industries, that have business. Tech Mahindra is offering its strategic IT-based solutions
demonstrated strengths in corporate sustainability. Over 7,800 for businesses to manage their ESG KPIs, corporate sustainability
companies were assessed for the 2023 Yearbook, representing framework, and conduct climate risk assessment.

Tech Mahindra and Retalon Join Forces to Provide Full Spectrum of Digital
Solutions for Retail and Consumer Packaged Goods (CPG) Industry

Tech Mahindra, a leading provider of digital transformation,
consulting, and business re-engineering services and solutions,
announced a global strategic partnership with Retalon, a leader
in retail AI and predictive analytics solutions. The partnership
will enable Retail and CPG organizations to gain better customer
insights, improve decision-making, and enhance operational
efficiency. Together, Tech Mahindra and Retalon will offer a unified become a top priority for retailers today as it helps them increase
common analytic platform to help enterprises unlock significant profitability, streamline new processes, and be agile. We believe
value in end-to-end planning, inventory management, supply chain that a robust collaborative ecosystem is key to a sustainable
network strategy, pricing, and promotion optimization. The joint foundation in a constantly evolving industry like this. Our
efforts will also offer an integrated solution to make smarter partnership with Retalon will empower Retail & CPG businesses
inventory & fulfilment decisions, which will result in improved gross to accelerate digital transformation and solve industry challenges
margins from 9-12% annually. Jagdish Mitra, Chief Strategy Officer such as supply chain risks, operational efficiency and hybrid &
and Head of Growth, Tech Mahindra, said, “The Retail and CPG omnichannel consumer journeys. We firmly believe our combined
industry is undergoing a significant transformation. With physical efforts will further propel the global retail ecosystem with next-
and online shopping platforms merging, digital transformation has generation technologies.” The partnership will bring together Tech

60 JANUARY-FEBRUARY 2023