annual-report-FY2020

218 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS • Installation of energy efficient centrifugal air compressor • Replacement of old motors with premium efficiency IE3 motors • Installation of Energy efficient inverter split AC’s • Installation of energy efficient BLDC ceiling fans. • Installation of high velocity low speed (HVLS) fans on shop floor • Adoption of cold box process in Foundry • Waste heat recovery from air compressors • Adoption of innovative Nano-technology at pre- treatment to reduce process temperature • Installation of roof top & Ground mounted Solar PV project in manufacturing plants Installation of wind mills and access renewable power through open access. 6. Are the Emissions/Waste generated by the company within the permissible limits given by CPCB/SPCB for the financial year being reported? Yes 7. Number of show cause/ legal notices received from CPCB/SPCB which are pending (i.e. not resolved to satisfaction) as on end of Financial Year. NIL Principle 7: Businesses, when engaged in influencing public and regulatory policy, should do so in a responsible manner 1. Is your company a member of any trade and chamber or association? If Yes, Name only those major ones that your business deals with: Yes. The Company is a member of the following trade and chamber or association in alphabetical order: a) The Associated Chambers of Commerce and Industry of India (ASSOCHAM), b) Bombay Chamber of Commerce and Industry (BCCI), c) Confederation of Indian Industry (CII) d) Employers’ Federation of India (EFI), e) FICCI f) Indian Merchants Chambers, g) National Human Resource Development Network (NHRDN), h) Society of Indian Automobile Manufacturers (SIAM), i) The Energy and Resource Institute (TERI) j) Tractor Manufacturer’s Association (TMA) 2. Have you advocated/lobbied through above associations for the advancement or improvement of public good? Yes/No; if yes specify the broad areas (drop box: Governance and Administration, Economic Reforms, Inclusive Development Policies, Energy security, Water, Food Security, Sustainable Business Principles, Others). The Company participates as a stakeholder of SIAM and TMA on policies related to Automotive and Tractor Industry, Sustainable Mobility and Farm Tech Prosperity, Economic Reforms, Sustainable Business Principles (Sustainable Supply Chain Management) and Vehicle Recall policy. The Company also contributes through Confederation of Indian Industry/ Bombay Chamber of Commerce and Industry, when views are solicited on matters such as Securities Law, Corporate Laws, etc. Principle 8: Businesses should support inclusive growth and equitable development 1. Does the company have specified programmes/ initiatives/projects in pursuit of the policy related to Principle 8? If yes details thereof. Yes, since its inception Mahindra & Mahindra Ltd. has been a socially responsible corporate making investments in the community which go beyond any mandatory legal & statutory requirements. The CSR vision of the Company is to focus its efforts within the constituencies of girls, youth & farmers, by innovatively supporting them through programs designed in the domains of education, health and environment, while harnessing the power of technology. By investing our CSR efforts in these critical constituencies who contribute to nation building and the economy, we will enable our stakeholders and communities to RISE. In accordance with the Companies Act, 2013 the Company has committed to spend 2% (PBT), towards CSR initiatives. Further, the unique ESOPs (Employee Social Options) platform provides employees a menu of volunteering opportunities enabling them to participate actively in the Company’s CSR initiatives