MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

171 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS • Recommend to the Board, the Company’s overall general strategy with respect to Environment, Social and Governance (“ESG”) matters; • Ensure ESG and social considerations in the Company’s business operations and build a culture of Sustainable Business; • Ensure compliance with the Sustainability initiatives by Regulators including but not limited to Business Responsibility Report/Business Responsibility and Sustainability Report and recommend the same to the Board; • Monitor and ensure the effective implementation of ESG policies of the Company and recommend changes/ deletions/additions/new ESG /Sustainability policies to the Board for its approval; • Ensure compliance in relation to the policies created for or linked to the 9 key principles of the ‘National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business’; • Ensure in concurrence with the Risk Management Committee that the ESG risks pertaining to the Company are minimal and effectively managed. The CSR Policy of your Company, in alignment with the CSR provisions is available on the website of the Company and can be accessed in the Governance section at the https://www.mahindra.com/investor-relations/policies-and- documents. Composition and Attendance (in brief): 60% 5 3 100% Independence Members Meetings Attendance The Committee met 3 times during the year under review on 27 th May, 2022, 10 th November, 2022 and 14 th March, 2023. The attendance at the Meetings was as under: Name of the Members Committee Meeting Dates and Mode Held during the Year Attended % of attendance of a Member 1 2 3 27 th May, 2022 10 th November, 2022 14 th March, 2023 Hybrid Hybrid Hybrid Dr. Vishakha N. Desai (Chairperson) 3 3 100% Mr. Anand G. Mahindra 3 3 100% Dr. Anish Shah 3 3 100% Mr. Vikram Singh Mehta 3 3 100% Mr. Muthiah Murugappan 3 3 100% % of attendance at a Meeting 100% 100% 100% Corporate Social Responsibility Committee Attendance        Attended through Video Conference  Leave of Absence  Attended in-person CSR COMMITTEE REPORT FOR THE YEAR ENDED 31 ST MARCH, 2023: Activities of the Committee during the year Frequency Considered and recommended to the Board, Business Responsibility Report and Corporate Social Responsibility Report of the Company for approval and inclusion in the Annual Report of the Company A Noted the enlarged scope of the Committee which includes Environment, Social and Governance (ESG) related matters considering the commitment of the Company towards sustainable business practices and the increasing adaptability of ESG framework by all companies. E Reviewed the Company’s Business Responsibility and sustainability Performance, the projects and programs under Corporate Social Responsibility Projects of the Company, status of utilization of fund(s) by the Implementing Agencies for the Financial Year P Considered and approved the CSR Projects for the Financial Year and recommended the same to the Board A / E