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

COMPANY OVERVIEW RISE TO CREATE VALUE RISE TO BE FUTURE READY RISE FOR A MORE EQUAL WORLD CORPORATE INFORMATION STATUTORY REPORTS FINANCIAL STATEMENTS CONSERVATION OF ENERGY Energy conservation helps us gain more control over the energy costs, reduces the demand for Earth's natural resources, and contributes to our effort to reach the carbon neutrality target. It drives improvements in operation and enhances process reliability that leads to reduced downtime or shutdowns. Environmental KPIs F22 F23 Total Energy Consumption (GJ) 21,22,034 24,68,215 Total Water Consumption (m³) 16,03,486 20,27,067 GHG Emissions (Scope 1) (tCO₂) 55,451 58,935 GHG Emissions (Scope 2) 2,33,939 2,02,306 Note: Due to increase in production, energy consumption, water consumption and Scope 1 emissions are higher in F23. However, because of adoption of renewable energy Scope 2 emissions has reduced significantly. Apart from energy savings, energy productivity increases operational productivity which in turn improves overall performance. This results in enhanced production and capacity utilisation, reduced resource use and pollution, and lower operation and maintenance costs. Therefore, at Mahindra, we continue to monitor energy productivity (EP) by coming up with energy eff iciency initiatives. We follow a holistic approach to consistently enhance energy productivity. We record energy productivity data separately for AS (Automotive Sector) and FES (Farm Equipment Sector). Following is the EP data trend w.r.t. baseline year (2008-09) ENHANCING ENERGY PRODUCTIVITY 55% 94% 61% 59% 87% AS FES 60% F21 F22 F23 F21 F22 F23 energy was saved through sustained energy saving initiatives in F23. 82,921 GJ In F23, the sectors progressed on their carbon neutrality targets. Here is one of the many energy eff iciency measures undertaken during the reporting period. Swaraj Plant 2 was using PNG operated burners and hot water generators to achieve the required pre-treatment process temperature for chassis production, leading to high PNG consumption. A heat recovery unit was installed in the air compressors to recover and reutilise waste heat from the hot water rinse, knock-off degrease, and degreasing stages of the chassis pre-treatment zone. The heat recovery units resulted: l 23.3% reduction in PNG consumption of the hot water generator l 31.68 Lac Kcal/Day reduction in environment heat load l 512.4 Tons/Year decrease in CO₂ emissions Heat Recovery to reduce PNG Consumption and CO₂ Emissions Swaraj Plant 2 37