annual-report-FY2020

77 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 – Rise for Safe Roads: The first of its kind in India ‘Road Safety’ project aims to make the Mumbai Pune Expressway a near ‘Zero Fatality Corridor’ by 2021. The interventions are guided by the “4E” principle i.e. Engineering, Enforcement, Education and Emergency Response. In addition, long haul truck drivers were trained through the Anticipatory Driving and Action Prevention Training (ADAPT™) program. – ESOPs (Employee Social Options) - In Financial Year 2020, 91,943 ESOPs volunteers from the Mahindra Group contributed 6,93,305 person-hours for various social initiatives. Of these, Company’s 22,877 employees contributed 1,63,818 person-hours giving back to the Society. Mahindra continues its work on building strong communities that are equipped to cater to its most vulnerable sections of Society. During the last Financial Year, as acknowledgment for its CSR initiatives impact, your Company received the following awards (from the Ministry of Corporate Affairs, GOI) and recognition: • Winner of the ‘National CSR Award 2018’ in the category ‘Corporate Award for Excellence in CSR’. • Winner of the ‘National CSR Award 2018’ in the category ‘Contribution to National Priority Area Agriculture and Rural Development’ (For Project Integrated Watershed Management in MP). • Honourable Mention for the ‘National CSR Award 2018’ in the category ‘Contribution to National Priority Area Education’ (For Project Nanhi Kali). • Mahindra Group was recognised in the Limca Book of Records for the India Record of “Most trees planted”. CSR Policy The Corporate Social Responsibility Committee had formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) which was subsequently adopted by it and is being implemented by the Company. The CSR Policy including a brief overview of the projects or programs undertaken can be accessed at the Company’s website through the Web-link: https:// www.mahindra.com/resources/FY20/AnnualReport.zip CSR Committee The Board at its Meeting held on 7 th August, 2019 re-constituted the Corporate Social Responsibility Committee. Mr. R. K. Kulkarni ceased to be the Member of the Committee upon end of his term. The CSR Committee comprises of Dr. Vishakha N. Desai (Chairperson), Mr. Anand G. Mahindra, Dr. Pawan Goenka and Mr. Vikram Singh Mehta. The Committee, inter alia, reviews and monitors the CSR as well as Sustainability activities. During the year under review, your Company spent Rs. 126.59 crores on CSR activities. The amount equal to 2% of the average net pro t for the past three nancial years required to be spent on CSR activities was Rs. 106.56 crores. The detailed Annual Report on the CSR activities undertaken by your Company in Financial Year 2020, is annexed herewith marked as Annexure VI. Sustainability During the year under review, the 12 th Sustainability Report for the year 2018-19 was released. The Report was externally assured by KPMG and prepared in accordance with the GRI Standards - Core option. By implementing Mahindra Sustainability Framework, your Company continued the focus on the Environmental, Social and Governance (ESG) parameters ensuring a common language for sustainability across the Group. This framework defines sustainability as “Building enduring businesses by rejuvenating the environment and enabling stakeholders to rise”. Under the three pillars People, Planet and Profit of Sustainability Framework; various actions have been implemented across the Group. Your Company has received an approval of Science Based Target, a commitment to restrict average global temperature rise in alignment of Paris Climate Change Agreement. As an environmental best practice, the Company is actively working towards making the locations certified for Zero Waste to Landfill (ZWL). During the year, Mahindra Research Valley, Spares Business Unit - Kanhe, Swaraj Plant 2, Mahindra Towers - Worli and IT Center Building at Kandivli got certified. Group Sustainability Council conducted its 50 th meeting during the year. Ms. Renata Lok- Desallien, United Nations resident coordinator of India was the special guest. Mr. Anand G. Mahindra, Executive Chairman of your Company who is also a Board member of the United Nations Global Compact launched report of the High- Level Commission on Carbon Pricing and Competitiveness at the United Nation’s Climate Action Summit in New York on 23 rd September, 2019.