Mahindra’s Decarbonization Pathway using the Science Based Targets (SBTs) ®2020 Sphera. All Rights Reserved. CASE S TUD Y Mumbai, Maharashtra, India (HQ) Automotive Founded in: 1945 256,000+ Employees worldwide $19.4 billion Revenue 100 Countries OVERVIEW Mahindra & Mahindra Ltd. (M&M Ltd. or Mahindra), a mobility products and farm solutions provider, is the flagship company of the Mahindra Group, an Indian multinational federation of companies operating in over 100 countries around the globe with a presence in multiple industries. In order to take action on combating climate-related risk and contribute to the ambitious emissions reduction target set by the Group, M&M Ltd. decided to set a robust Science Based Target (SBT) in line with the climate goal from the Paris Agreement

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