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

67 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given in Annexure V to this Report. Industrial Relations The year under review witnessed a very positive Industrial Relations Scenario across all manufacturing locations for the Automotive and Farm Equipment Sectors. YourCompany’s focus continues towardspropagatingproactive and employee centric practices. The transformational work culture initiative that aims to create an engaged workforce with an innovative, productive and a competitive shop-floor ecosystem continues to grow in strength. Some examples of the programs put in place includes ‘Rise2.0 for Associates’, Associate Leadership Development Program, Development of Self-Managed Team, Employee of the year, e-compliance, reward and recognition for associates and programs on Code of Conduct, POSH, ABAC and Human Rights. The Employee Relations Council is dedicated towards building a positive Work Culture and leads the design and implementation of these programs and reviews its progress. With the objective of capability building, developing future ready workforce and fostering togetherness at the workplace, your Company implements multiple training and engagement programs on an ongoing basis. These include various behavioural and functional programs such as Behavioural based safety, quality tools, TPM, continuous improvement, decision making, learning agility and programs on skill building such as Robotics, PLC Programming, Networking, etc. ASDC certification program for selected Trainees were also on offer. In its continuous endeavour to improve the employee lifecycle processes, your Company has been ensuring that Employee Connect Centre (ECC), the digital form of traditional time office offers better experience in time and payroll management of the associates. To enable self-paced learning, Learning Management System (LMS) on digital platform for associates has been helping immensely during this fast paced work environment. The Mahindra Skill Excellence initiative, a holistic approach to enhance the skill and capabilities of shop floor associates, is receiving good participation across manufacturing facilities. In an endeavour to improve quality, reduce cost, ensure safety, and improve productivity, your Company’s shop floor associates managed to generate on an average 12 ideas per person in the Financial Year 2023. This year significant emphasis was also laid towards raising awareness on health and wellness of employees in addition to regular annual medical check-ups and health awareness activities. Diet food has become a way of life. The Company maintains an ‘Employee Health Index’ at an individual level, and this has been a useful tool in identifying employees who require focussed counselling and monitoring. Proactive and employee-centric shop floor practices, a focus on transparent communication of business goals, an effective concern resolution mechanism, and a firm belief that employees are the most valuable assets of the Company, are the cornerstone of your Company’s employee relations approach. An ‘open door policy’ with constant dialogue to create win-win situations have helped your Company build trust and harmony. The industrial relations scenario continued to be largely positive across all the manufacturing locations. Long Term Wage and Bonus settlements were closed amicably for all the plants. The sustained efforts towards building a transformational work culture resulted in zero production loss in the Financial Year 2022-23 and helped create a collaborative, healthy and productive work environment. Safety, Occupational Health and Environment Your Company has in place the Safety, Occupational Health & Environment (SOH&E) Policy. During the year under review, the Company started all external physical assessments along with Integrated Management System (IMS) certifications as per the following standards, ISO: 9001: 2015, ISO: 14001: 2015 & ISO: 45001: 2018. The management commitment towards SOH&E is demonstrated by adopting amendment updates (including all notifications published) and incorporating the same in mCompliance portal. The Company implemented various initiatives by incorporating all new emission Government specifications by following respective notifications and guidelines complying to overall health and hygiene parameters. The achievements were assessed through periodic reviews by conducting monitoring and measurement exercised by external authorized agencies. At manufacturing locations, various annual events like Road Safety Week, National Safety Day / Month and Fire Service Week were celebrated. The training programs were leveraged with new topics followed by on-the-job training (OJT) and virtual reality (V.R.) programs for competency building were deployed to train employees. In Safety, Health and Environment competency building at Abhiyantriki, dexterity