annual-report-FY2021

39 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 KEY MATERIALITY ISSUES Materiality is what is relevant and important for the stakeholders and our business. To identify the material issues, we completed our materiality assessment. Various internal as well as external stakeholders were identified and engaged during the process. Based on these interactions and benchmarking with industry peers, the material issues were identified. All stakeholders including top management, employees, suppliers, dealers, customers, investors, communities, etc. were engaged in this exercise. After mapping, prioritisation, preparation, and validation, the final materiality matrix emerged. The key material issues on environment included: Carbon Emission Water Security Waste to Wealth REDUCT ION OF GREENHOUSE GASES (GHG) INITIATIVES Electric Vehicles M&M is a pioneer in bringing EVs to the Indian market, and our growing focus on EVs highlights our endeavour towards making commute more sustainable. We are addressing GHGs through Last Mile Mobility (Treo & Treo Zor), Electric Powertrain offerings on ICE platforms, and Born Electric Platform. Cleaner and Greener Process We are reducing carbon emissions by adopting cleaner and greener processes, increasing energy and resource efficiency, thus lowering the cost of fuel and electricity. We are also increasing the usage of non-fossil fuel based renewable energy in our energy mix. Green Portfolio The Mahindra Group is focussed on improving the revenue of its green portfolio. Our green product portfolio includes EVs, automotive recycling, solar energy, waste to energy and biogas, green buildings, and micro-irrigation. Carbon Price We have also implemented a carbon price of USD 10 per ton of CO emitted and are investing these resources to 2 increase the usage of renewable energy and to invest in innovative technologies and processes to increase energy efficiency.