• Regular reviews of ESG performance indicators and material issues. • ESG integrated into strategic planning, investment decisions, and risk frameworks GROUP LEVEL SUSTAINABILITY COMMITTEES To institutionalise ESG governance across the Group, we have established a robust multi-tiered governance mechanism that combines strategy, execution, and monitoring. These committees function as cross-functional engines, aligning sustainability goals with business performance across the Group’s diverse sectors. For details about the ESG governance, please refer to Sustainability Integration Chapter of our Sustainability Report. ESG POLICY LANDSCAPE SUSTAINABILITY POLICY Our Sustainability and Environmental Policy outlines our commitment to going beyond compliance and delivering transformative action across environmental, social, and governance dimensions. Anchored in the Planet Positive framework, the policy emphasises decarbonisation, circularity, water positivity, and nature conservation. Through focused initiatives—from reducing Scope 3 emissions and enhancing supplier sustainability to regenerative agriculture and biodiversity protection—we aim to lead industry transformation. We are committed to complying with all applicable regulations, engaging our stakeholders meaningfully, and fostering a culture of accountability and continuous improvement. SUPPLIER CODE OF CONDUCT Our Supplier Code of Conduct reinforces this by setting clear expectations for all suppliers, vendors, service providers, and business partners. Rooted in the values of integrity, transparency, and responsibility, the Code outlines standards for ethical conduct, regulatory compliance, human rights, anti-bribery, environmental stewardship, and workplace safety. It ensures that every partner across our value chain aligns with our Rise philosophy, respects applicable laws, avoids conflicts of interest, and protects confidential information and Mahindra’s assets. The Code emphasises inclusive and fair labour practices, prohibits child and forced labour, and promotes a culture of accountability. Through regular assessments and open reporting mechanisms, we seek to maintain a responsible and resilient supply chain that supports our ESG aspirations and long-term value creation. BIODIVERSITY POLICY The Mahindra Group’s Biodiversity Policy reflects our deep-rooted commitment to operating harmoniously with nature. Aligned with SDGs 14 and 15 and the Kunming-Montreal Global Biodiversity Framework, the policy focuses on assessing and mitigating our impacts on ecosystems, promoting No Net Loss of biodiversity, and advancing sustainable land use and reforestation practices. It calls for site-level biodiversity champions, supply chain engagement, and structured performance management to embed conservation across operations and partnerships. The policy fosters collective action to preserve biodiversity through advocacy, transparent disclosures, and collaboration with communities and thought leaders. Governance is anchored in Board oversight and sustainability committees, ensuring our operations remain aligned with statutory requirements and voluntary frameworks like BRSR, CDP, and DJSI. SUSTAINABLE SUPPLY CHAIN POLICY Mahindra is committed to strengthening sustainability across its supply chain by embedding ESG principles into procurement, logistics, and service engagements. This policy outlines Mahindra’s approach to working with national and international partners to drive compliance, enhance ESG awareness, and implement robust systems for quality, cost, and delivery. It emphasises ESG risk monitoring, human rights protection, and circular economy practices such as waste reduction, material recirculation, and nature regeneration. The policy promotes ESG due diligence, supplier self-reporting, and recognition of sustainable practices while mandating RoHS compliance and ethical conduct. By encouraging low-impact manufacturing, lifecycle cost optimisation, and the adoption of sustainable performance indicators. Read more at https://www.mahindra.com/investor-relations/policies-and-docu ments Integrated Annual Report 2024-25 | 50
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