MAHINDRA & MAHINDRA LTD. Business Responsibility and Sustainability Report 223 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] - P1: Maintaining Gold Standard in governance compliance & disclosures and Commitment to abide by Code of Conduct & Ethics. - P5: 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. - P6: The Company is committed to becoming a Planet Positive business with a clear action plan that includes becoming Carbon Neutral (Scope 1 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 100% by 2030. The Company is the largest electric 3-wheeler company in the country with dominant Market Share and supporting a net-zero supply chain. Also, 69% of waste generated by the Company is recycled and reused. - P8: The Company is committed to educate 1 million girls per year by 2026 under Nanhi Kali. 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. • Energy productivity for FY25 is 122% • 9% of waste generated has been disposed by landfilling • 84% (21/25) of sites are ZWL certified • ~20% Renewable Energy Share for FY25 • 1.25 Lac tons of waste recycled (~66% of total waste generated) 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] At Mahindra, our approach to sustainability is rooted in our purpose of "Rise for Good," focusing on mitigating environmental impact and transitioning to a people-and planet-positive economy. The Mahindra Group is committed to its ‘Planet Positive’ strategy integrating climate action within its operations & supply chains, fostering circularity, conserving biodiversity, and importantly integrating sustainability as a core part of its business strategy. Investor interest in sustainability has also surged with >70% of global investors now emphasizing the integration of ESG into corporate strategy (PwC Global Investor Survey, 2024). This aligns very well with the ethos championed by our Chairman and Board and is reflective in the growing engagement by our investor base on this subject. While multiple challenges persist, we remain focused on achieving tangible & measurable outcomes and driving impactful change, both within our operations but also helping advance the ecosystem we are a part of. Progress is possible only when all stakeholders – investors, employees, customers, government, and communities – are united in purpose. 8 Details of the highest authority responsible for implementation and oversight of the Business Responsibility policy (ies). [GRI 2-13] Dr. Anish Shah - Group CEO and Managing Director (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 Business Responsibility Head.
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