Return on Climate and Environment – being kind to the planet on and off track…
We believe that ‘doing good’ goes beyond philanthropy and CSR, it is more than just random acts of kindness. ‘Doing good’ is a purpose, an attitude, and a way of life; it is our guide for conducting business and ourselves. As a team that is committed to finding credible, advanced and next generation mobility solutions while being kind to the planet, at Mahindra Racing, we pledge to greater ROCE, which, for us stands for Return On Climate and Environment. Sustainability is not a buzz word for us, our rendition of ROCE (otherwise known as Return on Capital Employed) is ingrained into our ethos and a big part of the reason we are racing in Formula E. We have been on this path of reducing our impact on the planet since our birth in 2014 and six years later we are carbon neutral since inception. We are also certified with Three-Star Excellence in sustainability, this makes us the first Formula E team in history to receive the highest sustainability accolade by the Federation Internationale de l’Automobile (FIA), motorsport’s governing body. By awarding Mahindra Racing with the accolade, the FIA recognises that the team was the first OEM to demonstrate ‘best practice’ and commitment to seek continual improvement through the implementation of an environmental management system.
Our efforts are, and will continue to be, in tandem with Mahindra Group’s commitment and quest to achieve group-wide carbon neutrality. The sustainability framework is a comprehensive tool that guides Mahindra Group’s actions and it has a long-term commitment towards the preservation and improvement of the environment. Its climate commitments include being a carbon neutral group by 2040. The Mahindra Hariyali initiative aims to increase green cover by planting trees and providing livelihoods and nutritional security, with a commitment to planting one million trees every year. The plantation currently stands at 18 million trees after 13 years’ work. Mahindra is also a ‘water positive’ group and 22 of the group locations are Zero Waste to Landfill certified; 79% of hazardous waste generated is now being recycled through authorised recyclers and cement co-processing plants.
We look forward to kickstarting season 7 with ROCE as our guiding principle, towards setting innovative, competitive yet sustainable mobility benchmarks for the world.