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

Climate change is increasingly wreaking havoc to the natural, economic and social systems in unprecedented ways. Unfortunately, the poor and the marginalised bear the greater brunt of this crisis as it affects their livelihood, their habitat and access to necessities like water, food and education. At Mahindra, we believe that to beat climate change, we must Rise for a more equal world. To achieve this, we have adopted a 'Planet Positive' approach in everything we do. For what is good for the world is good for business too. Our Planet Positive approach involves reducing carbon emissions, replenishing water sources, enriching biodiversity, and creating carbon sinks. It also encompasses improving the livelihoods of communities and employees, creating value for stakeholders, reducing ESG risks and realising opportunities. Since inception, we have prioritised sustainability in our business practices, and over the years, through our efforts in environmental sustainability, we have established ourselves as a globally recognised, responsible Company. ENVIRONMENT We were the f irst Company globally to commit to doubling its energy productivity through the EP100 initiative. We are committed to having all our locations certif ied as 'Zero Waste to Landf ill' by 2030. Under our 'Project Hariyali', we will plant f ive million trees every year by F26, with more than 22 million trees already planted. We aspire to lead environmental, social and governance (ESG) performance parameters globally through such sustained and focussed programmes. M&M became the first Indian Automobile Company to enter theWorld Index of DJSI nd for the 2 consecutive year. It is one of the nine companies globally in the 'auto and components' sector of the World Index. COMPANY OVERVIEW RISE TO CREATE VALUE RISE TO BE FUTURE READY RISE FOR A MORE EQUAL WORLD CORPORATE INFORMATION STATUTORY REPORTS FINANCIAL STATEMENTS 33