Mahindra & Mahindra : Global energy productivity campaign welcomes more Indian members

EMBARGOED UNTIL 4:00 PM IST, Tuesday 20 September

New Delhi: EP100 - a global campaign led by The Climate Group that encourages businesses to double their energy productivity - today announced two new corporate members; Dalmia Cement, one of India's leading cement manufactures, and Mahindra Holidays and Resorts India Ltd., India's largest vacation ownership company and the second company from the Mahindra Group to join the campaign.

By joining EP100, Dalmia Cement has publicly committed to double their energy productivity by 2030 from a baseline year of 2010-11, and Mahindra Holidays and Resorts India Ltd. has committed to double their energy productivity by 2030 from a baseline year of 2008-09.

Mahendra Singhi, Group CEO of Dalmia Cement, said: 'Today, our group has one of the lowest carbon footprint in the global cement sector and we will continue to find ways to not only reduce our energy use, but also maximize the economic benefit of every unit of energy we consume.
We are targeting to double our energy productivity by various innovative and sustainable ways and means by 2030. Joining EP100 is a natural progression of our corporate vision-which is to be a leader in building materials that evokes pride in all stakeholders through customer centricity, innovation, sustainability and our values.'

Kavinder Singh, MD & CEO of Mahindra Holidays and Resorts India Ltd., said 'The Mahindra Group has a growing commitment to sustainable business practices that allow us to do good, as we do well. This agreement to double our energy productivity by 2030 also aligns with the larger trend of Indian consumers becoming increasingly aware about the environmental impact, choosing brands that are taking real action to minimize their carbon footprint.'

This announcement was timed to coincide with Climate Week NYC 2016, as global business and policy leaders gather to act on the Paris Agreement and the Sustainable Development Goals that were agreed last year.

Krishnan Pallassana, India Executive Director at The Climate Group, said: 'The concept of energy productivity is closely aligned to business growth and sustainable development; two critical factors in securing a prosperous future for India. We welcome Dalmia Cements and Mahindra Holidays to the global EP100 campaign, as their leadership will surely inspire many more global corporations to invest in doubling energy productivity.
Having leading Indian businesses - from heavy manufacturing company to hospitality - publicly commit to EP100, shows that whatever the sector or region a business is in, energy productivity is a step all businesses can make and one that makes clear economic sense for them to do.'

It is estimated that if more companies were to adopt energy productivity within their business models, the global fossil fuel bill could be reduced by an estimated €2 trillion (INR 1 crore 52 lakhs crores) and create more than six million jobs globally by 2020.
EP100 is led by The Climate Group in partnership with the Global Alliance for Energy Productivity and is an action of the We Mean Business coalition. The campaign operates in alignment with the United Nations Sustainable Energy for All initiative (SE4All).

About EP100

EP100 is a global campaign to encourage the world's most influential businesses to pledge to double their energy productivity, in order to get more economic output from each unit of energy input.
Developed and administered by The Climate Group, EP100 operates in partnership with The GlobalAlliance for Energy Productivity and in alignment with United Nations Sustainable Energy for All initiative, and is an action of the We Mean Business coalition. EP100 is also complementary to RE100. Combined, energy productivity and renewable energy represent the most economical pathway to decarbonisation for many - or most - companies.

About The Climate Group

The Climate Group is an award-winning, international non-profit. We specialize in bold, catalytic and high-profile climate and energy initiatives with the world's leading businesses and state andregional governments. Our work is at the forefront of ambitious climate action.
Our vision is a world of prosperous 'net-zero' emission economies and thriving, sustainable societies.
Our mission is to catalyze climate leadership in government and business to accelerate the shift to a prosperous and thriving 'net-zero' future for all. We do this by communicating to inform, convening to connect, and collaborating to scale and succeed.
Founded in 2004, our offices are located in Beijing, Hong Kong, New Delhi, New York and London.
TheClimateGroup.org | @ClimateGroup

About Mahindra Holidays and Resorts India Limited

Mahindra Holidays & Resorts India Limited (MHRIL), India's leading player in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company are - Club Mahindra Fundays and Svaastha Spa.
As on June 30, 2016, MHRIL has 203K vacation ownership members and operates 46 resorts across India and abroad and its subsidiary, Holiday Club Resorts Oy, Finland, a leading vacation ownership company in Europe has 55K members and 31 resorts across Finland, Sweden and Spain.

About Dalmia Cement (Bharat) Ltd.

Dalmia Cement (Bharat) Limited (DCBL), a subsidiary of Dalmia Bharat Limited (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), is a leading player in the cement manufacturing since 1939. It is the third largest cement group in India and has been in existence for more than 75 years. With a growing capacity, currently pegged at 25 MnT, Dalmia Cement is also the third largest manufacturing capacity in the country. Spread across eight states and 11 manufacturing units, the company is also the category leader in super-specialty cements used for oil wells, railway sleepers and air strips and is the country's largest producer of slag cement. Dalmia Cement has also partnered recently with International Finance Corporation to promote sustainable business. Visit us at http://www.dalmiacement.com