MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2023-24

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT 259 3. Provide the number of employees / workers having suffered high consequence work-related injury / ill-health / fatalities (as reported in Q11 of Essential Indicators above), who have been are rehabilitated and placed in suitable employment or whose family members have been placed in suitable employment [GRI 3-3]: As per law, financial compensation was provided to the kin of the deceased. Compassionate employment was also offered to the kin which was declined by them. Total no. of affected employees/ workers No. of employees/workers that are rehabilitated and placed in suitable employment or whose family members have been placed in suitable employment FY 2023-24 FY 2022-23 FY 2023-24 FY 2022-23 Employees – – – – Workers 1 – – – 4. D oes the entity provide transition assistance programs to facilitate continued employability and the management of career endings resulting from retirement or termination of employment? (Yes/No) [GRI 404-2] Yes, for all employees transitioning into retirement, the Company offers comprehensive workshops and seminars focused on post-retirement financial and health management. In case of separations, as applicable, severance packages are offered to departing employees. In certain cases, retiring employees are hired back on a contract basis, in an advisory capacity. 5. D etails on assessment of value chain partners [GRI 414-2]: The Company conducts onsite safety audits of prioritized suppliers through renowned third party agencies. The audits by the third party agencies cover various aspects such as occupational health, safety, employee well-being and working conditions. The Company initiated safety audits in FY 2020-21. 49% suppliers by purchase value have been assessed until 31st March, 2024 of which 19.62% suppliers were assessed in FY 2023-24. The Company also conducts ESG audits of suppliers which cover employee health and safety, employee well-being, environmental impact, working conditions along with other environmental, social and governance aspects. The Company initiated ESG audits in FY 2023-24 and 21.6% suppliers by purchase value were assessed during the year. % of value chain partners (by value of business done with such partners) that were assessed Health and safety practices 19.62 Working Conditions 21.60 6. Provide details of any corrective actions taken or underway to address significant risks / concerns arising from assessments of health and safety practices and working conditions of value chain partners. [GRI 414-2] There were no significant risks / concerns noticed during onsite supplier assessments with regards to occupational health, safety and working conditions. However, for the supplier audits where minor concerns were observed related to safety at the supplier location, the suppliers were asked to submit corrective action plans. The supplier performance against these action plans was monitored through re-audits to ensure implementation of safety and good working condition practices. As a proactive measure, the Company also conducts training programs on health, safety and working condition to inculcate awareness among suppliers.

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