annual-report-FY2020

217 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 Principle 6: Business should respect, protect, and make efforts to restore the environment 1. Does the policy related to Principle 6 cover only the company or extends to the Group/Joint Ventures/ Suppliers/Contractors/NGOs/others? The Company has various policies related to environmental protection. The Green Supply Chain Management Policy includes environment protection and covers suppliers. The subsidiaries/Joint Ventures have their own policies which are in sync with the Company’s environmental policies. 2. Does the company have strategies/ initiatives to address global environmental issues such as climate change, global warming, etc? Y/N. If yes, please give hyperlink for webpage etc. Yes Mahindra senior leadership represented at UNFCCC conference COP25 in Madrid by participating in 25 events. The Company participated in a program to inspire corporations in Japan and Mauritius to adopt Sustainability practices. It is committed to Science Based Target (SBT) to restrict average global temperature rise in alignment with the Paris Climate Change Agreement. The target has been approved by the global review committee in the current year. The Company is committed to EP-100, a program by The Climate Group and became the 1 st company globally to do so. It has also announced its carbon price of US $ 10 per ton of carbon emitted. The Company is also a signatory for India Business Biodiversity Initiative (IBBI). The entire group is committed to become Carbon Neutral by 2040 with use of energy efficiency, renewable energy and sequestration by tree plantation. The Company has revised its Sustainability Roadmap and targets have been taken to reduce carbon emissions, water consumption, increase in the use of renewable energy and enhance recycling of waste. The strategies and initiatives will be elaborated in the Company’s Sustainability Report 2019-20 and will be available on https://www.mahindra.com/ resources/pdf/sustainability/Mahindra-Sustainability- Report-2019-20.pdf. Please note the indicative list of various projects implemented in this regard. The complete details will be available in the Sustainability Report for the year 2019-20. Energy Savings: • Energy efficient air conditioning system • Intelligent flow controller system to reduced compressed air consumption • Installed Energy Efficient motors replacing conventional motors Water Savings: • Use ETP/STP/RO treated water for gardening, cleaning and process application • Rainwater harvesting for ground water recharge • Water aerators for optimum water ow Waste Reduction: • Total 4 locations certified for Zero Waste to Landfill in the year • Reusing paint sludge as an input material to cement industry • Reduction in packaging waste, replacing corrugated boxes with plastic bins 3. Does the company identify and assess potential environmental risks? Y/N Yes, the Company has a mechanism to identify and assess potential environmental risks across all locations. 4. Does the company have any project related to Clean Development Mechanism? If so, provide details thereof, in about 50 words or so. Also, if Yes, whether any environmental compliance report is filed? Yes. The name of the CDM – PoA 9731: Energy Efficiency through Micro irrigation system – India. The Registered Program of Activities (PoA) aims at encouraging energy efficiency through installation of efficient irrigation system such as drip and sprinkler irrigation replacing the conventional flood method of irrigation resulting in GHG (Green House Gas) Emission reduction & Water Conservation. It was registered in September 2013. For more details refer https://cdm.unfccc.int/ ProgrammeOfActivities/poa_db/4Z28CN6S0DEB5F1 PLIXAY9W3GMRUOQ/view . 5. Has the Company undertaken any other initiatives on – clean technology, energy efficiency, renewable energy, etc? Y/N. If yes, please give hyperlink for web page etc. Yes, the Company has undertaken following other initiatives: • Replacement of old conventional lights with LED