Mahindra Lifespace Developers

Mahindra Lifespace Developers Ltd. is actively working towards reducing its greenhouse gas (GHG) emissions with ambitious climate commitments.

Carbon Emissions Data:

• 2023: The company reported 314,878,110 kg CO2e in total Scope 1, 2, and 3 emissions. This comprised 2,248,910 kg CO2e for Scope 1 and 2 emissions, and 312,391,470 kg CO2e for Scope 3 emissions.
• 2020: Total emissions for this year were 647,518,300 kg CO2e. This included 3,072,000 kg CO2e for Scope 1 and 2 emissions, and 588,743,000 kg CO2e for Scope 3.
• 2016: Total emissions were 14,642,000 kg CO2e, with 2,908,900 kg CO2e attributed to Scope 1 and 2, and 1,329,000 kg CO2e for Scope 3.
• 2015: Total emissions stood at 12,516,000 kg CO2e, consisting of 2,582,000 kg CO2e for Scope 1 and 2, and 1,416,000 kg CO2e for Scope 3.
• 2014: Total emissions were 11,346,000 kg CO2e, with 2,830,000 kg CO2e for Scope 1 and 2, and 2,441,000 kg CO2e for Scope 3.
• 2013: Total emissions were 8,142,000 kg CO2e, comprising 1,219,000 kg CO2e for Scope 1 and 2, and 980,000 kg CO2e for Scope 3.
• 2012: Total emissions were 9,119,000 kg CO2e, with 1,209,000 kg CO2e for Scope 1 and 2, and 1,469,000 kg CO2e for Scope 3.

Note: Data for years 2025, 2024, and 2019 indicates that specific absolute emissions data was not disclosed for those reporting periods, though emission intensity figures are available.

Climate Commitments and Reduction Targets:

Mahindra Lifespace Developers Ltd. has set Science Based Targets (SBTi) aligned with a 1.5°C warming scenario. Key commitments include:

• A 63% reduction in absolute Scope 1 and 2 GHG emissions by 2033, using 2018 as the base year.
• A 20% reduction in absolute Scope 3 GHG emissions by 2033, also from a 2018 base year.

These targets are recognised by SBTi and apply to the company's operations. The company's commitment to reducing emissions is cascaded from its ultimate parent, Mahindra & Mahindra Limited, for specific initiatives like 'Race to Zero' (RTZ).