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

62 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Proactive and employee-centric shop floor practices, a focus on transparent communication of business goals, an effective concern resolution mechanism, and a firm belief that employees are the most valuable assets of the Company, are the cornerstone of your Company’s employee relations approach. An ‘open door policy’ with constant dialogue to create win- win situations, have helped your Company build trust and harmony. The industrial relations scenario continued to be largely positive across all the manufacturing locations. Long term settlements and bonus settlements were amicably agreed upon at all locations. The sustained efforts towards building a transformational work culture resulted in zero production loss in the Financial Year 2021-22 and helped create a collaborative, healthy and productive work environment. Safety, Occupational Health and Environment Your Company has in place the Safety, Occupational Health & Environment (SOH&E) Policy. During the year under review, the Company started external virtual assessment and recertification as per the standard, ISO: 45001: 2018. The management commitment towards SOH&E is demonstrated through adoption of new compliance management digitization which included all notifications published during the pandemic period. The Company implemented various initiatives by incorporating all Government released guidelines with overall health and hygiene being merged with the SOH&E policy. The achievements were assessed through management reviews from time to time. At each Plant location, annual events like Road Safety Week, National Safety Day/Month and Fire Service Week were organized virtually. As per new normal, various new topics were deployed to train employees on Safety, Health and Environment. Along with the virtual meetings, dexterity competency training programs were deployed for associates, with special focus on safety and fire safety by introducing Self-Managed Teams (SMT’s). The training programs were leveraged by on- the-job training (OJT) and virtual reality (V.R.) programs supporting various safety topics to enhance learning. To strengthen the safety best practices, the Company continues to focus on theme-based safety topics arising out of OHS hazards and immediate corrective action as well as permanent corrective actions are implemented with agility. Continuous drive is taken to enhance Behavior Based Safety (BBS) Level 2. Additionally, your Company introduced new fire protection system by upgrading and introducing new technology to eliminate property losses. Results were monitored by reviewing office fire prevention and protection. Fire load reduction is monitored by setting up targets and working towards sustenance of zero fire incidence across each manufacturing location in each Sector. Your Company has followed the assessment by evaluation for implementation through The Mahindra Safety Way (TMSW). For this evaluation process, total 25 parameters are assessed for the Mahindra Group companies across all the plants. Your Company carried out Management of change process, Gap audit process, HAZOP analysis for each license storage premises which is audited by competent persons apart from statutory Safety, Fire Safety, Electrical Safety Audits. For the year under review, your Company achieved substantial reduction in the results of lag indicators, first aid incidences by adopting new initiatives. Focussed drive was taken on critical machinery and equipments. Plastic elimination and recyclable packaging material in more and more spares is initiated by substituting the material as appropriate. To eliminate and minimize the overall environmental impact in line with the “Environmental, Social and Governance” (ESG) practices, your Company has continuously implemented new projects. By revisiting the objectives, newer targets were revised. New techniques used in various projects have been implemented by your Company in zero carbon emission, waste avoidance/ minimization. Carbon footprint reduction is achieved by deploying new energy conservation motors and increasing share of renewable energy. Many of the Company’s new initiatives have been shared by your Company with the supplier community to encourage their consultation and participation in line with current and future environmental challenges. During the year under review, your Company started reporting the implementation status under Extended Producer Responsibility Organizations (EPRO) with newly set targets established by Central Government i.e. Central Pollution Control Board by way of released new amended notification. Plastic waste management activities cover pan India network developed for plastic waste recycling management for all the Company’s manufacturing plants