Mahindra Holidays & Resorts India Ltd (MHRIL), one of India’s leading vacation-ownership companies, has committed to join RE 100, a global campaign led by the Climate Group which brings together businesses across the globe committed to 100 per cent renewable power. The company has a target to power 100 per cent of its global operations with renewable electricity by 2050. In 2016, MHRIL had also signed on EP100, committing to doubling energy productivity by 2030 from a baseline year of 2008–09. It is now the first company in the Indian hospitality sector to sign on both the programmes.
Currently, 7 per cent of MHRIL’s energy requirements are sourced from renewable sources (mostly solar), amounting to 1,470 kWp. The new commitment will see the company increase its renewable-energy usage. The company has been reducing energy consumption by using energy-efficient devices and alternate materials of construction for their new resorts. However, questions on how it is tracking against its current targets and future plans went unanswered.
In a press release shared with CB, Kavinder Singh, MD & CEO, MHRIL, stated, ‘By signing on both EP 100 and RE 100, we have reinforced our commitment to achieving our renewable energy and energy productivity targets. We believe these initiatives are in alignment with our mission of “Good Living, Happy Families”.’