MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 274 4. If the entity has undertaken any specific initiatives or used innovative technology or solutions to improve resource efficiency, or reduce impact due to emissions / effluent discharge / waste generated, details of the same as well as outcome of such initiatives [GRI 3-3]: Sr. No. Initiative undertaken Details of the initiative (Web-link, if any, may be provided along-with summary) Outcome of the initiative 1 Adoption of renewable energy - Group Captive solar 76 MWp Group Captive Solar Project was implemented for Maharashtra plants, which is expected to generate 100 million Units a year. The project was commissioned on 1st April 2022 Reduction of GHG emissions & Reduction in energy costs 2 Adoption of renewable energy - Rooftop Solar In past 4-5 years, 18 MWp rooftop solar projects have been implemented in totality across the manufacturing sites of the Company. Reduction of GHG emissions & Reduction in energy costs 3 Adoption of renewable energy - Windmill The Company has implemented 6.3 MW windmills for captive consumption in Maharashtra (through own capex). Reduction of GHG emissions & Reduction in energy costs 4 Energy efficient blower for paint shop In paint shops, high energy is consumed by the conventional blowers. This has been replaced with energy efficient EC (electronically computed) motors. This motor consumes around 30% less energy compared to conventional fans. These fans were installed at Nasik, Chakan and Rudrapur plants in the past 2 years. Also the Company has replaced around 1700 air ciculators/Fan with BLDC tech fans which saves more energy. Reduction of GHG emissions & Reduction in energy costs 5 Wastewater recycling At Chakan and Kandivali plants of Auto division, a new containerized reverse osmosis plant is installed which treats the STP & ETP treated water and converts wastewater into fresh water with potable quality water. The permeated water is used again for processes and cooling tower. Saving freshwater withdrawal 6 Optimizing plastic in packaging Carton boxes are converted into re-usable packaging material with the help of a shredder. Due to this initiative, plastic packaging has been reduced. Plastic waste reduction 5. Does the entity have a business continuity and disaster management plan? Give details in 100 words/ web link. The Company has prepared an Onsite Emergency Plan (OEP) / Disaster Control Plan (DCP). This Emergency preparedness and response plan for manufacturing unit also includes all the risks and emergencies associated with manufacturing operations. The plan also contains processes towards its mitigation for these emergencies and this OEP plan is subject to regularly conducted mock drills. All these mock drills are scheduled as per the annual calendar. Details of all the external as well as internal responsible stakeholders that are to be contacted in emergency situations are readily available with their respective contact numbers along with respective responsibility communication matrix. All emergency contact numbers for nearby hospitals and applicable Government Agencies are provided in the OEP/DCP. Designated assembly points considering the safety of the given headcount on a day-to-day basis are mentioned in the plan. Duration of each mock drill is recorded, so as to increase the effectiveness and decrease the time during each iteration. Scenario analysis with high-risk priority number (RPN) emergency and maximum severity is conducted in presence of government authorities and Mutual Aid Response Group (MARG) to demonstrate effectiveness. 6. Disclose any significant adverse impact to the environment, arising from the value chain of the entity. What mitigation or adaptation measures have been taken by the entity in this regard. [GRI 308-2] There were no significant risks / concerns noticed during onsite supplier assessments with regards to adverse environmental impact. As a proactive measure, the Company also conducts training programs on environmental impact and sustainability to inculcate awareness among suppliers. 7. Percentage of value chain partners (by value of business done with such partners) that were assessed for environmental impacts. [GRI 308-1, GRI 308-2] The Company has initiated environmental impact assessment in FY 2023-24 through on-site ESG Audits, and assessed 21.6% of suppliers by purchase value during the year. So far, out of these assessed suppliers, not a single supplier with a significant adverse impact on the environment has been identified. Further, in FY 2024-25, the Company will expand its scope and conduct more audits.
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