Mahindra & Mahindra Ltd. | Integrated Annual Report 2024-25

PLANET POSITIVE We are reimagining how industries operate, how products are made, and how businesses can grow while giving more back to the planet than they take. This mindset pushes us to go beyond incremental change and commit to transformational action. We are focused on preserving natural capital, decarbonising our operations, and restoring ecosystems with a clear ambition: to lead India’s industrial sector into a low-carbon, circular, and nature-positive future. We strive to provide lasting value for shareholders, society, and the planet by integrating sustainability into our products, processes, and partnerships. OUR PLANET POSITIVE GOALS 100% Renewable Energy | Electrical Energy by 2030 2040 Carbon Neutral (Scope 1 & 2) | Targets set via SBTi Water Positive At Group Level | Committed to returning more water than we consume 100% Energy Productivity | Ongoing improvements in energy productivity 100% Zero Waste to Landfill | Sites to be ZWL Certified by 2030 Afforestation Green cover through large-scale plantation initiatives Carbon Pricing Emphasis in businesses OUR ESG COMMITMENTS We believe that inclusive progress must be accompanied by environmental responsibility and societal well-being. In today’s increasingly complex world, it is essential that as we pursue financial growth, we remain deeply committed to creating positive change, not just for our businesses but also for communities, ecosystems, and future generations. This holistic approach ensures that our growth is sustainable and beneficial to all stakeholders. Our Ten ESG Commitments serve as a guiding framework—our north star—that leads us in taking bold action across four core pillars: energy, equity, education, and ecology. Each of these commitments has been thoughtfully designed to reinforce our conviction that profits do not solely measure true business success, but by our impact on society and the planet. We recognise that when businesses uplift society and nurture the environment, they contribute to a more just and sustainable future for everyone. By aligning our strategies with these principles, we aim to foster innovation, promote diversity, enhance educational opportunities, and support ecological preservation. Through these efforts, we endeavour to create a legacy of positive change that will endure well into the future. Our ESG commitments are rooted in 3 pillars of positivity: PLANET POSITIVE PEOPLE POSITIVE TRUST POSITIVE (GOVERNANCE) Integrated Annual Report 2024-25 | 48

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