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

MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 WATER CONSERVATION Extreme weather events are making water scarcer. Any imbalance between the demand and supply of water disturbs the natural, social and f inancial ecosystems. Hence, water conservation is essential not just to mitigate business risks but also societal risks. We follow a holistic approach towards conservation of water to maintain a balance between the water requirement of operations and community. This includes optimising consumption, recycling as much water as possible, and capturing and recapturing to rejuvenate the water sources. Here is just one of the many water conservation initiatives undertaken by us: AS Kandivali plant had 54% dependency on borewell water, impacting groundwater table due to restricted municipal water supply in the bustling suburb of Mumbai. To address this, a decentralised rainwater harvesting model was adopted, collecting run-off rainwater in holding arrangement, f iltering through f irst-stage aggregates, sand and percolating into deep aquifer to mitigate 1,00,000+ KL of borewell water. AS Kandivali achieved water positivity by navigating a decade-long path to water conservation, reducing dependency on borewell water, enhancing water security for future growth, and conserving natural resources. Incremental efforts to water positivity AS Kandivali of water recycled and reused in F23. 43% Water recharge increased from 0.85 million m³ in F22 to million m³ in F23. 1.42 REDUCTION OF WASTE GENERATED The most effective way to reduce waste is to eliminate it by design during the production process. We reduce our material consumption by leveraging technology and innovation to adopt better processes and improve eff iciencies. At Mahindra, we are working towards a circular economy that focuses on maximising the value of products and materials across the entire lifecycle. Instead of discarding products after usage, we look for ways to reuse, repurpose or recycle it. Here is just one of the many waste management initiatives undertaken by us: Eco-friendly Aesthetics and Quality CoE, Materials Technology Modern car customers demand aesthetics, durability, quality, to go hand- in-hand with environmental sustainability. To cater to these demands, our Centre of Excellence for Materials Technology is always seeking innovative solutions. Some of these include: l Low Solvent Grade Paint technology with 3C1B high solid paint that meets stringent paint specif ication and remain 'As Good As New' in the f ield even after 5 years of service. Use of high solid paint results in Total VOC reduction of 2,272 g/litre per vehicle, 31% reduction in material consumption and CO₂ reduction of 11 kg/Vehicle l Increasing the material eff iciency of underbody coating through alternate materials that are lighter in weight but provide higher chipping resistance. This resulted in Material consumption reduction of almost 40%. l Eco-friendly material and process enhancement for Cathodic Electro Deposition (CED) coating. This improves corrosion performance while reducing thickness that results in almost 20% material consumption reduction. of M&M's waste was diverted from landfills in F23. 63% 38