MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 246 Disclosure Questions P1 P2 P3 P4 P5 P6 P7 P8 P9 5 Specific commitments, goals and targets set by the entity with defined timelines, if any. [GRI 3-3] The Company is committed to becoming a Planet Positive business with a clear action plan that includes becoming Carbon Neutral (Scope1 and 2) by 2040, doubling energy productivity by 2030, zero waste to landfill by 2030, sustaining its water positivity index and increasing its share of renewable energy to 50% by 2025. The Company is the largest electric 3-wheeler company in the country with dominant Market Share and supporting a net-zero supply chain. Also, 71% of waste generated by the Company is recycled and reused. The Company has a formal policy on Human Rights and Equal Opportunities which is available in the public domain, and the Company stands committed to the same. The Company is committed to educate 1 million girls per year by 2026. The Company is also committed to support 1 million women per year by 2026. 6 Performance of the entity against the specific commitments, goals and targets along-with reasons in case the same are not met. [GRI 3-3] The Company has a clear 3-year roadmap on material ESG aspects and planet positive commitments. The detailed performance against roadmap/Action plan is provided in the Sustainability Report. The details of project Nanhi kali & Women Empowerment are provided in Annexure VI of the Board Report forming part of the Annual report. Governance, Leadership and Oversight 7 Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements [GRI 2-22, 2-12] The Company’s success is defined by its financial performance, but also equally by its ability to make the world a better place. Two years ago, the Company unveiled its ‘Planet Positive’ strategy - a comprehensive approach to environment sustainability that goes beyond emissions and own operations, recognising the interrelated challenges in areas like circularity, supply chain decarbonisation, developing a portfolio of green offerings, and moving the broader ecosystem forward. The approach is geared towards greening own operations, supporting decarbonisation of the Company’s industries, and rejuvenating nature, while incorporating principles of just transition. The Company continues to progress on greening its operations by focusing on renewable energy, energy efficiency, water conservation, waste management and bringing in principle material circularity. True leadership transcends compliance. The Company aspires to be a global leader, pioneering sustainability solutions well before necessitated by regulations or stakeholders. The Company’s efforts are recognised by key global organisation, including DJSI and CDP. Collaboration, partnerships and advocacy are crucial to accelerate action. The Company is also actively pursuing crossindustry collaborations to drive change. While the Company has achieved notable progress, it still has a long way to go. The Company is committed to the ‘Citizens of the Future’, and sincerely appreciates the support from all its stakeholders. 8 Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies). [GRI 2-13] Dr. Anish Shah - Managing Director and CEO (DIN: 02719429) is the Director responsible for implementation and oversight of the Business Responsibility Policy(ies). Mr. Rohit Thakur - Chief Human Resources Officer (Auto and Farm Sectors) is the BR Head. 9 Does the entity have a specified Committee of the Board/ Director responsible for decision making on sustainability related issues? (Yes / No). If yes, provide details. [GRI 2-9] Yes. The Company has a CSR Committee of the Board which oversees the CSR performance in the year. It currently comprises of 4 members including Independent Directors and Managing Director and CEO. The details of the composition of the CSR Committee are provided in the Corporate Governance Report forming part of the Annual Report. The CSR Committee of the Board assesses the BRSR performance twice a year. Other supporting councils or cells are Group Sustainability Council, Group CSR Council, Central Safety Council and Corporate Governance Council, who meet every 3 months for decision making related to sustainability issues.
RkJQdWJsaXNoZXIy NTE5NzY=