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

BIODIVERSITY PROTECTION Biodiversity is the foundation of healthy ecosystems and resilient economies. While our operations are not located in or near protected or key biodiversity areas, we recognise the urgent need to protect, preserve, and restore nature. At the core of our approach is a commitment to ‘No Net Loss’ — ensuring that our business practices are aligned with ecological preservation and actively contribute to global biodiversity goals. We view biodiversity conservation as an environmental imperative and a strategic pillar of our Planet Positive agenda. MAHINDRA GROUP BIODIVERSITY POLICY In FY25, we formalised this commitment by launching the Mahindra Group Biodiversity Policy—our first Group-wide framework to guide action, foster accountability, and drive nature-positive outcomes across all entities. Endorsed by Group CEO and Managing Director, Dr. Anish Shah, and made publicly available, the policy reinforces our commitment to operating responsibly with a strategy centred on ‘rejuvenating nature’. It reflects our belief in operating in harmony with nature and upholding a principle of ‘no harm’. The policy outlines the following key principles: • Evaluating and managing biodiversity risks and impact across our operations. • Committing to a principle of no net loss, while encouraging similar standards across our value chain. • Adhering to relevant practices supported by a strong governance structure and leadership oversight. • Actively participating in global biodiversity advocacy efforts. • Ensuring compliance with all applicable regulatory requirements (e.g., SEBI BRSR and other national/international standards) and emerging global biodiversity norms. Note: To read the whole Mahindra Group Biodiversity Policy at https://www.mahindra.com/sites/default/files/2024-08/Mahindr a%20Group%20Biodiversity_Policy_1.pdf Rise For A More Equal World | 59 MAHINDRA & MAHINDRA LTD.

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