TOTAL REWARDS & WELLBEING We believe people unlock their full potential when feeling valued, secure, and supported. Our Total Rewards philosophy is built on this belief and designed to attract, retain, and energise talent through a blend of performance-linked growth, well-being-centric policies, and life-stage flexibility. Our compensation framework emphasises meritocracy, equity, and alignment with impact. Variable pay is transparently tied to business outcomes, Return on Equity (ROE), and ESG performance. Senior leaders are additionally empowered through Employee Stock Option Programmes (ESOPs), reinforcing shared success. Beyond financial rewards, we take pride in offering some of the industry's most progressive family and wellness policies. From education assistance and sabbaticals to fertility care, lactation support, and safe travel for women, our policies are tailored for evolving personal journeys. ETHICS & COMPLIANCE CULTURE At Mahindra, ethics is not just a policy but a mindset embedded in every action, decision, and relationship. We are committed to building a workplace where integrity, dignity, and accountability are non-negotiable foundations of our culture. Our approach to ethics and compliance is proactive, preventive, and inclusive. Every Mahindra associate—from new joiners to senior leaders—is empowered with the tools and awareness to uphold responsible conduct through mandatory training on the Code of Conduct, Anti-Bribery & Anti-Corruption (ABAC), and Human Rights frameworks. Creating a safe workplace begins with trust. Our POSH (Prevention of Sexual Harassment) initiatives are grounded in education and outreach, leveraging vernacular content, continuous email campaigns, and induction-based learning. These measures ensure that every voice feels protected, respected, and heard. Across Mahindra Group companies, compliance is future-facing and continuously updated to reflect evolving risks, regulations, and employee needs. Governance structures ensure monitoring, resolution, and improvement at every level, fostering a culture where doing what’s right is always the default. 8 Languages used for POSH sensitisation campaigns, ensuring inclusivity and accessibility. 100% of employees are trained in the Code of Conduct, Human Rights, and Anti-Corruption principles. Integrated Annual Report 2024-25 | 66
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