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

MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 PLANET POSITIVE Our pledge to conserving natural resources, reducing pollution, protecting biodiversity and sustaining the environment for future generations remains strong as ever. Through pioneering initiatives like electric vehicles and a Group-wide commitment to become carbon neutral by 2040, we are pushing the boundaries of what is possible and leading the way towards a more sustainable future. Environment PEOPLE POSITIVE We are committed to making a positive impact on the world around us – both within and beyond our factories and off ices. We believe in creating and maintaining a diverse, inclusive, vibrant, and meritocratic work environment that empowers and motivates our employees to do their best work. Our CSR policy focusses on empowering girls and women through social investments, and our massive tree plantation initiative is just one of the ways we are working to preserve the planet for future generations. Social TRUST POSITIVE We have built our success on a foundation of strong, balanced, and sustainable growth for all our stakeholders, and we are committed to upholding the highest standards of governance every step of the way. By embracing a culture of transparency, accountability, integrity and responsibility, we are able to build trust with our stakeholders and earn our reputation as a Company that is committed to doing things the right way. Governance Over the years, the consistency of our efforts and the scale of impacts they create, have helped us gain a leadership role on numerous global platforms: l In January 2023, Mahindra & Mahindra was included in the World Index list of companies in the Dow Jones Sustainability Index (DJSI) for the second consecutive year. Out of the six Indian companies featured in the World Index, two were Mahindra Group companies – M&M and Tech Mahindra. M&M is one of the nine companies globally from the 'Auto & Component' Sector in the World Index. l Dr Anish Shah, MD and CEO, has been nominated as Co-Chair for the World Economic Forum (WEF)'s India Edition of CEO Climate Leaders. It serves as a high-level platform for business leaders to support concrete plans and ideas to step up India's climate action and green transition efforts. For us, ESG leadership does not just stem from applauds and recognitions. It manifests from recognising the symbiotic relationship of Environmental, Social, and Governance factors and leveraging them to create long-term value for the organisation, its stakeholders, and society. In the next few sections, we will cover in detail how our ESG performance is driving growth at Mahindra. For us, ESG leadership does not just stem from applauds and recognitions. It manifests from recognising the symbiotic relationship of Environmental, Social and Governance factors. 32