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

204 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9 6 Performance of the entity against the specific commitments, goals and targets along-with reasons in case the same are not met. The Company has a clear 3-year roadmap on material ESG aspects and planet positive commitments. The detailed performance against roadmap/Action plan is provided in the Sustainability Report. Governance, Leadership and Oversight 7 Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements The Company’s environmental sustainability goal, in alignment with the Paris Agreement and commitment to Science Based Targets (SBTi), is to become a carbon neutral company by 2040. A leader in the ESG space in India, the Company is well-poised to take the lead globally. It joined the ‘First Movers Coalition’ to work towards driving demand for zero-carbon technologies at the World Economic Forum, along with global giants such as Amazon and Apple. It is the only Indian corporate whose companies have been named in CDP’s Leadership Band for corporate sustainability. The Company has become the first Indian ‘Automobile and Components’ company to enter the World Index of DJSI. Its Risk Management framework works at various levels across the enterprise, with a robust organisational structure, for managing and reporting risks. Its FUTURise framework shapes our ambition to transform the Company into a global innovation powerhouse driven by technology. This approach is rooted in three guiding principles: Do more with less, Do it together, and Do it for all. 8 Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy(ies). Dr. Anish Shah - Managing Director and CEO (DIN: 02719429) is the Director responsible for implementation and oversight of the Business Responsibility policy(ies). Mr. Rajeshwar Tripathi - Chief Human Resources Officer (Auto and Farm Sectors) is the BR Head 9 Does the entity have a specified Committee of the Board/Director responsible for decision making on sustainability related issues? (Yes/No). If yes, provide details. Yes. The Company has a CSR Committee of the Board which oversees the CSR performance in the year. It consists of five members including independent directors and Managing Director and CEO. Further, the Committee is chaired by a Woman Independent Director. For composition of the CSR Committee, please refer Page No. 171 of the Annual Report in the Corporate Governance Section. The CSR Committee of the Board assesses the BRSR performance twice a year. Other supporting councils or cells are Group Sustainability Council, Group CSR Council, Central Safety Council and Corporate Governance Council, who meet every 3 months for decision making related to sustainability issues. 10. Details of Review of NGRBCs by the Company: Subject for Review Indicate whether review was undertaken by Director/ Committee of the Board/Any other Committee Frequency (Annually/Half yearly/Quarterly/ Any other – please specify) P1 P2 P3 P4 P5 P6 P7 P8 P9 P1 P2 P3 P4 P5 P6 P7 P8 P9 Performance against above policies and follow up action Yes Yes Yes Yes Yes Yes Yes Yes Yes Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Compliance with statutory requirements of relevance to the principles, and, rectification of any non-compliances Yes Yes Yes Yes Yes Yes Yes Yes Yes Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly Quar- terly