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

MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 With a goal of becoming Planet Positive by 2040, we are committed to leading the way towards a sustainable future for all and aim to achieve the following goals: Carbon Neutral by 2040 Committed to Science Based Targets (Internal Target) 1 % Renewable Electrical Energy 5 % by 2 25 1 % Improvement in Energy Productivity 6 % by 2 26 Zero Waste to Landfill 100% Identified Sites ZWL Certified by 2 3 Project Hariyali Plant 5 million trees/year by 2 26 For the last 15 years, we have been disclosing information to all stakeholders in a transparent manner through our Sustainability Report based on the GRI framework. Since F22, our sustainability report also aligns with l Government of India's National Guidelines on Responsible Business Conduct (NGRBC) l Task Force on Climate-related Financial Disclosures (TCFD) recommendations l WEF's Stakeholder Capitalism Metrics l United Nations' Sustainable Development Goals (SDGs) We have also been publishing the Annual Integrated Report based on International Integrated Reporting Council (IIRC) Framework since last four years. The IIRC framework emphasises the importance of natural capital as a critical component of sustainable business practices. We conserve, protect and improve Natural Capital through the 3Cs approach: Conservation of Natural Resources Continuous Improvement towards Rejuvenation Comprehensive Disclosures 1 2 3 We have adopted a 'Planet Positive' approach in everything we do. For what is good for the world is good for business too. 34