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

69 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Additionally, the Company has initiated Nutrition Month to improve health at the operational stages working towards fat elimination at workplace. Mahindra Master Chef, on the spot salad making competition were organized for officers and associates. The objective behind the competition was to inculcate healthy food habits and awareness regarding the choice of food. The participant’s creativity was revealed through the beautiful designs and patterns formed with different mouth-watering recipes. The Company has also initiated a project for Emotional Health with an objective of improvement in sleep quality required to maintain the health at workplace. Videos were created to improve the dexterity and posture observed by employees at shop floor. First aid refresher training programs were organized for employees and associates. During the year, programs such as Cancer Awareness on Breast and Cervical Cancer screening camp for Women and Health Talk – “Turn the Clock“ for all employees and their family members, were arranged. Robust implementation of compliance for Bio-medical Waste Disposal Management is also monitored. The Company aims at increasing awareness for environment protection amongst all stakeholders by celebrating World Ozone Day, World Environment Day, World Earth Day, World Water Day and Energy Conservation Week and Water Conservation Week, etc. on an annual basis. The Total Recordable Frequency Rate (TRFR) was 0.10 accidents per million hours worked in Financial Year 2022-23 as compared to 0.08 in the last fiscal year. Certifications/Recertifications All Plants of your Company have undergone Surveillance Audits and were certified for Standard ISO 45001: 2018 and ISO 14001: 2015. Further, all plants have implemented Integrated Management System (IMS). Your Company is re-certified for Zero Waste to Landfill with 99% and above conversion rate which ensures the commitment of recycling of waste at maximum extent to protect the environment. The Senior Management revises and reviews the performances periodically. Focus on new initiatives involving all stakeholders coupled with management reviews have helped your Company to demonstrate further step towards excellence in SOH&E performance. K. BOARD & COMMITTEES Sad Demise of Mr. Keshub Mahindra, Chairman Emeritus of the Company Mr. Keshub Mahindra, Chairman Emeritus, Mahindra Group passed away on 12 th April, 2023. He was a well-known philanthropist who redefined good corporate governance in India. He was an exemplary statesman and an irreplaceable figure in the Indian industry, revered for his vision, his business acumen, his leadership by example, and above all, for his uncompromising professional integrity. Quote from Mr. Anand Mahindra, Chairman, Mahindra Group “Mr. Keshub Mahindra was and will always remain a source of inspiration for me and the entire Mahindra Group. He was a man of principles and led from the front to preserve the legacy of our founders which has ensured that the organisation has remained rooted in ethics, values and good corporate governance. Mr. Keshub Mahindra was known for his astute business acumen that helped in transforming Mahindra Group into a diversified federation of companies. His compassion, and people-centric approach made him a global business icon, who was much loved and respected”. Mr. Keshub Mahindra will continue to be an inspiration to everyone in the Mahindra Group. Directors During the Financial Year 2022-23, there was no change in the Directors of the Company. Independent Directors The Company has received declarations from all the Independent Directors of the Company confirming that they meet the criteria of independence as prescribed both under the Companies Act, 2013 and Listing Regulations. The Board is of the opinion that the Independent Directors of the Company hold highest standards of integrity and possess requisite expertise and experience required to fulfil their duties as Independent Directors. In terms of Section 150 of the Companies Act, 2013 read with Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, Independent Directors of the Company have confirmed that they have registered themselves with the databank maintained by The Indian Institute of Corporate Affairs, Manesar (“IICA”).