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

69 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 Your Company strongly believes that sustainable and inclusive growth is possible by using the levers of environmental and social responsibility while setting aspirational targets and improving economic performance to ensure business continuity and rapid growth. Your Company is committed to leverage ‘Alternative Thinking’ to build competitive advantage in achieving high shareholder returns through customer centricity, innovation, good governance and inclusive human development while being sensitive to the environment. Risk Management Your Company has a well-de ned risk management framework in place. The risk management framework works at various levels across the enterprise. These levels form the strategic defence cover of the Company’s risk management. The Company has a robust organizational structure for managing and reporting on risks. Your Company has constituted a Risk Management Committee of the Board which is authorized to monitor and review risk management plan and risk certi cate. The Committee is also empowered, inter alia , to review and recommend to the Board modi cations to the Risk Management Policy. Further, the Board has constituted a Corporate Risk Council comprising the Senior Executives of the Company. The terms of reference of the Council include review of risks and Risk Management Policy at periodic intervals. During the year under review, the terms of reference of the Risk Management Committee and the Risk Management Policy were amended by the Board pursuant to the Listing Regulations. Your Company has developed and implemented a Risk Management Policy which is approved by the Board. The Risk Management Policy, inter alia , includes identi cation of risks, including cyber security and related risks and also those which in the opinion of the Board may threaten the existence of the Company. Risk management process has been established across the Company and is designed to identify, assess and frame a response to threats that affect the achievement of its objectives. Further, it is embedded across all the major functions and revolves around the goals and objectives of the organization. M. CORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABILITY Corporate Social Responsibility (CSR) Over the past seven decades, your Company has built its reputation as a good corporate citizen by not only doing good business, but also by driving positive change in society. The core purpose of your Company is to “challenge conventional thinking and innovatively use all our resources to drive positive change in the lives of our stakeholders and communities across the world, to enable them to RISE”. Keeping the core purpose in mind, your Company has invested in impactful CSR projects. This year too was a challenging year for humanity, with the adverse impact of the COVID-19 pandemic being felt by one and all, but more so by vulnerable and marginalized groups on whom the impact has been the hardest. Your Company has invested in a concerted manner to provide COVID-19 relief and rehabilitation with an aim of building resilient communities. The Mahindra Group swiftly responded to the pandemic by putting into action a series of relief initiatives across 23 States and Union Territories. The State and District administration and hospitals were provided with 23 Oxygen Plants, 866 Oxygen Concentrators and 94 Ambulances by the Group. The Group also distributed over 2,37,750 cooked meals and provided ration and other essentials to over 3,66,090 beneficiaries. The frontline workers were supported through distribution of over 2,75,050 protective gears such as face masks, face shields, gloves, PPE kits, etc. and 8,450 litres of sanitizer. Infrastructural support and consumables were provided to over 40 hospitals across the country and the capacity of COVID Care centre in Pune MHADA was further augmented. Your Company also supported Mass scale Preventive actions for COVID-19 transmission (IMPACT) program in 600 villages in Araku, Andhra Pradesh. Apart from raising awareness, the project ensured that thermal screening was carried out in the villages thereby leading to early detection and immediate treatment through provision of drugs under medical supervision. A similar program was implemented in partnership with Aatapi Seva Foundation for marginalized communities in 25 villages of Bharuch, Gujarat. 700 Front line workers