MAHINDRA & MAHINDRA LTD. Board’s Report 99 employees to conduct themselves in a professional manner. Further, virtual and classroom training sessions were conducted by the Company’s Ethics Counsellors. Business Responsibility and Sustainability Report In terms of Regulation 34 of the Listing Regulations, Top 1,000 listed entities based on market capitalization shall submit a Business Responsibility and Sustainability Report (“BRSR”) in the format as specified by SEBI from time to time. Top 250 Listed Entities are mandatorily required to undertake assessment or assurance of BRSR Core for the FY25. The Company has prepared the BRSR for the FY25 in accordance with the format as prescribed by SEBI vide its Master Circular dated 11th November, 2024 (including amendments thereto) along with the Industry Standards on BRSR Core as prescribed by SEBI dated 20th December, 2024. The BRSR aims to provide quantitative and standardized disclosures on ESG parameters, facilitating meaningful comparisons across companies, sectors, and time periods. These disclosures are designed to empower investors to make informed investment decisions. The BRSR shall also enable the Company to engage more meaningfully with stakeholders, to look beyond financials and towards social and environmental impacts. The BRSR of your Company for the FY25 forms part of this Annual Report as required under Regulation 34(2)(f) of the Listing Regulations. Your Company firmly believes that sustainable and inclusive growth is achievable by leveraging environmental and social responsibility. Your Company is dedicated to setting ambitious targets while enhancing economic performance to ensure both business continuity and rapid growth. Your Company is committed to leverage ‘Alternative Thinking’ as a strategic approach to build competitive advantage in achieving high shareholder returns through customer centricity, innovation, good governance and inclusive human development while being sensitive to the environment. Risk Management Your Company has a well-defined risk management framework in place. The risk management framework works at various levels across the Company. These levels form the strategic defence cover of the Company’s risk management. The Company has a robust organizational structure for managing and reporting on risks. Your Company has constituted a Risk Management Committee of the Board which is authorized to monitor and review risk management plan and risk certificate. The Committee is also empowered, inter alia, to review and recommend to the Board modifications to the Risk Management Policy. Further, the Board has constituted a Corporate Risk Council comprising the Senior Executives of the Company. The terms of reference of the Council include review of risks and Risk Management Policy at periodic intervals. Your Company has developed and implemented a Risk Management Policy which is approved by the Board. The Risk Management Framework of the Company includes identification of risks, including cyber security and related risks and also those which in the opinion of the Board may threaten the existence of the Company. Risk management process has been established across the Company and is designed to identify, assess and frame a response to threats that affect the achievement of its objectives. Further, it is embedded across all the major functions and revolves around the goals and objectives of the organization. M. C ORPORATE SOCIAL RESPONSIBILITY AND SUSTAINABILITY Corporate Social Responsibility (CSR) Over the years, your Company has measured success not just in business achievements, but also by the positive impact it creates in the lives of individuals and communities. Your Company’s story is interwoven with India’s progress, built on the belief that investing in human potential and addressing national priorities is the cornerstone of nationbuilding. This aligns with the Company’s purpose to drive positive change in the lives of our communities. Through the flagship CSR initiatives focussed on women and girls, the Company is targeting key constituencies essential for nation building. Your Company sees the impact of its work in the growing confidence of young girls as they develop leadership skills, in the success of first-generation women professionals gaining job-ready skills thereby securing lucrative jobs, and in the rural communities where farmers benefit from enhanced
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