Mahindra & Mahindra : Racing-sets-sustainability-benchmark-for-Formula-E-teams

• Mahindra Racing first Formula E team to be accredited by the FIA Institute's Sustainability Programme.
• The team aims to achieve carbon neutral operations from 2018 onwards.

11 November 2016, Marrakesh: Mahindra Racing has become the first Formula E team to achieve accreditation in the FIA Institute's Sustainability Programme.

The team has attained 'Progress Towards Excellence' status from its first audit within the programme's framework, which is aimed at helping motorsport stakeholders worldwide to measure and enhance their environmental performance.

This achievement is particularly significant as it coincides with the United Nations Convention on Climate Change (COP22) in Morocco. This weekend's Marrakesh ePrix aims to further highlight environmental sustainability through vehicle technology development in the world's first fully electric global racing series.

With a clear aim to become carbon neutral from 2018, Mahindra Racing is just the second motorsport team in the world to be accredited.

Auditors were impressed by Mahindra Racing's commitment to minimising its environmental impact through a strong environmental policy and specific improvement targets. The team has been encouraged to monitor and implement the current routines in an efficient manner to help attain the highest level of accreditation, Achievement of Excellence. Based on its recent assessment, auditors are confident the team could achieve this objective.

Anand Mahindra, Chairman, Mahindra Group said,<> 'We were drawn to Formula E by its commitment to the development of sustainable and clean mobility solutions, and are honoured to become the very first Formula E team to be accredited by the FIA Institute's Sustainability Programme. This is another example of the Mahindra Group's deep and growing commitment to sustainability across its businesses, and an important milestone in our journey toward the Future of Mobility.'

Garry Connelly, FIA Institute Deputy President and Environmental Ambassador said, 'As the first Formula E team to become accredited in the initiative, I congratulate Mahindra for its efforts and commitment to sustainability. As ever when it comes to the environment there is always more that we can do and I encourage the other teams in the all-electric series to follow the example set by Mahindra and sign up to join the programme.'

Dilbagh Gill, Team Principal, Mahindra Racing Formula E Team said, 'This is something that we genuinely believe in at Mahindra. Environmental sustainability requires a good system of practices and it is part of the ethos in our wider organisation. As Mahindra Racing, the youngest arm of the Mahindra Group, we look forward to working towards attaining the top level of Sustainability Accreditation and further underlining our position as one of the most progressive Formula E teams.'

A full list of existing organisations that have been recognised by the FIA Institute against its best practice framework can be found here. Formula E was awarded Achievement of Excellence at the end of 2015 and was the first championship promoter to do so.

Mahindra Racing drivers Nick Heidfeld and Felix Rosenqvist will compete in the Marrakesh ePrix tomorrow, Saturday, 12 November, for race two of the 2016-17 FIA Formula E Championship.

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About Mahindra Racing

Mahindra Racing is one of ten teams - and the only Indian team - to compete in the FIA Formula E Championship. It is also the first and only Indian team to participate in the FIM MotoGP™ World Motorcycle Racing Championship Series since 2011 and the Italian National Motorcycle Racing Championship (CIV) in 2012.

Mahindra Racing enters the third season of Formula E with its own electric powertrain to power its quartet of electric racing cars. The new M3Electro, launched for season three, is ready to build on the team's successes which include two podiums and seven double-points finishes during the 2015-16 season. Together with drivers Felix Rosenqvist and Nick Heidfeld, the team has high technical and sporting ambitions in the ground-breaking, fully-electric championship.

Mahindra is known for competing in the Moto3™ class of the MotoGP™ World Championship Series as both a team and manufacturer. From 2015, India's first and only MotoGP™ manufacturer has concentrated on strengthening the development program of its successful Mahindra MGP3O Moto3™ racing motorcycle. Mahindra's bold decision to take on the world's best at the highest level of motorcycle racing has won the team a number of prestigious awards in India.

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About Mahindra

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world's largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times 'Boldness in Business' Award in the 'Emerging Markets' category in 2013.

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