MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

The most effective way to reduce waste is to not create it in the first place. Therefore, we leverage technology and innovation to find better processes which improve efficiencies to reduce our material consumption. Less material means less waste. Key Waste Management Initiatives Ÿ Reuse of paint sludge as one of the raw materials for powder paint manufacturing at Auto Nashik plant 1 location. Ÿ At Spares Business Unit, through a shredder machine, waste carton boxes are converted into re-usable packaging materials. At Mahindra, we are working towards a circular economy, where material from new products comes from old discarded products. For example, we are running CERO, India's first vehicle recycling Company in partnership with the Government to reduce environmental impact through recycling of scrap vehicles. Ÿ We are also reducing packaging waste including wood, corrugated boxes, and papers. M&M Ltd. recycles & reuses 71% of the waste generated. Biodiversity is fundamental to sustaining life and sustaining business. The decline in ecosystem services negatively impacts business profitability, access to raw material and can further revoke a business' social license to operate. Mahindra is committed to preserving biodiversity for the sustainability of the business as well as local communities. We have taken up a number of initiatives to preserve biodiversity. Ÿ Mahindra Hariyali is a key initiative to increase the green cover in our ecosystem. It is a part of the Group's efforts to create a sustainable future and to enrich the lives of the communities in which it serves. Ÿ As part of our biodiversity policy, we collaborate with IUCN (International Union for Conservation of Nature) and IBBI (India Business and Biodiversity Initiative), and undertake biodiversity assessments. PROMOTION OF BIODIVERSITY M&M Ltd. planted 1.32 million trees in F22. MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 35