Page 57 - SAMENA Trends - June-July 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Tech Mahindra Signs UN Global Compact Initiative

Statement on Climate Action

Tech Mahindra Ltd. a leading provider has allowed all of us to reconfigure our strategies which will deliver innovative
of digital transformation, consulting and priorities and understand the importance solutions without adversely affecting the
business reengineering services has of building a sustainable world - by environment. Our commitment towards
signed a joint declaration with UN Global focusing on healthcare and leveraging going carbon neutral, conserving, and
Compact urging governments to align technology to enable new ways of working. deploying resources efficiently will enable
their COVID-19 recovery efforts with the At Tech Mahindra, we are committed helps us to accelerate our transition to
latest climate science. Tech Mahindra towards building a sustainable business a low carbon economy while creating
reaffirms the science-based commitment with responsibility and by creating value sustainable value for our stakeholders.
of achieving net-zero carbon emissions for our stakeholders, while also keeping As part of our TechMNxt charter, we have
while calling on governments to “prioritize in mind the long-term impacts on the incorporated reduction of emissions as a
a faster and fairer transition from a environment. It’s time to focus on and key aspect to every function’s mandate
grey to a green economy.” By moving implement technology-led solutions that and our overall business strategy." Tech
towards a zero-carbon resilient economy, will help us reboot." The United Nations Mahindra also works closely with partners
Tech Mahindra aims to reduce carbon Global Compact has stated that the 155 and customers to help them increase
footprint, emissions and will conserve signatories span across 34 sectors and energy savings, digitize and automate
energy using new-age technologies like have a combined market capitalization operations and create collaborative work
internet of things, artificial intelligence of more than $2.4 trillion, representing 5 environments addressing the need for
and blockchain. Furthermore, an internal million employees. The business voices sustainable practices. This includes
Carbon Price of $10/ton CO2has also are convened by the Science Based solutions like Micro Grid as a Service,
been implemented by the company to Targets initiative (SBTi) and its Business Smart city solutions, Smart grid, Smart
boost green investments and have also Ambition for 1.5°C campaign partners, Data Hubs, Smart Street light, Smart
adopted a low emission technology path to the UN Global Compact and the We Mean bin, Smart Energy Management, Smart
increase the use of renewable energy from Business coalition. Sandeep Chandna, metering and analytics, IEVCS (Intelligent
1.7% in 2016 to 18% in 2020.Moreover, Chief Sustainability Officer, Tech Mahindra, Electric Vehicle Charging System) and
Tech Mahindra has also taken targets to said, "COVID-19 has made businesses CAPE (Community Action Platform for
increase the renewable source of energy to realize the importance of adopting Energy).
50% by 2025. Tech Mahindra has joined155
global companies in calling for policies
that will build resilience against future
shocks by supporting efforts to hold global
temperature rise to within 1.5°C above
pre-industrial levels, in line with reaching
net-zero emissions well before 2050. The
statement comes as governments around
the world are preparing trillions of dollars’
worth of stimulus packages to help
economies recover from the impacts of the
coronavirus pandemic, and as they prepare
to submit enhanced national climate plans
under the Paris Agreement. CP Gurnani,
MD & CEO, Tech Mahindra, said, "COVID-19

Tech Mahindra Launches Blockchain-Based Contracts and Digital Rights
Management Platform for Media and Entertainment Industry

Tech Mahindra announced the launch production houses and content creators and utilizes techniques like content
of a new digital platform, branded as to track revenue, royalty payments, hashing and forensic watermarking to
‘Blockchain based Contracts and Rights manage rights and address content track and trace content.The technology
Management System’ (bCRMS) for the piracy by leveraging IBM blockchain. Tech is industry agnostic and thereby it could
global media and entertainment industry. Mahindra’s new bCRMS platform is built on also be used across other industries like
The platform is designed to enable open source Hyperledger Fabric protocol trade, finance and healthcare that have

57 JUNE-JULY 2020