Integrated Annual Report 2025-26 256 Governance, Leadership and Oversight 5 Specific commitments, goals and targets set by the entity with defined timelines, if any. [GRI 3-3] The Company has set internal goals and targets on each of the principles with a few listed below. - 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 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 (Scope1 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. 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 roadmap on material ESG aspects and planet positive commitments. The detailed performance against roadmap/Action plan is provided in the Sustainability Report. • 57% emissions reduction from Auto sector and 39% from Farm sector from Base year FY 2018-19. SBTi carbon neutrality commitment achieved in auto sector • Energy productivity for FY 2025-26 is 122.9% for Auto division and Farm Division 117.66% • ~37% Renewable Energy share achieved in FY 2025-26 • 83% (19/23) of sites are ZWL certified • 90.1% of waste generated recovered through recycling, reusing or other recovery options • Water positivity sustained in FY 2025-26 (100.001%) 7 Statement by director responsible for the business responsibility report, highlighting ESG related challenges, targets and achievements [GRI 2-22, 2-12] Sustainability & climate action are central to Mahindra Group’s long-term vision, and our endeavour is to embed them into core business strategy. We believe that progress must be accompanied by environmental responsibility and societal well-being. Our ESG commitments are rooted in 3 pillars being planet positive (Environment), people positive (Social), and trust positive (Governance) Guided by 'Planet Positive' strategy, Mahindra businesses are progressing to reduce our operational environmental impact, decarbonizing the industries we operate in, focusing on climate adaptation & just transition, and advancing our ESG leadership and climate advocacy actions. During the year, we made progress in energy transition by accelerating energy efficiency measures, renewable energy adoption, and electrification. Beyond emissions, we advanced our work on water positivity, waste management, and material circularity. On the Social front, our commitment is anchored in our core philosophy of "Rise," driving positive change for our employees, partners, and communities. We are actively shaping a future-ready, diverse, and inclusive workforce and investing in upskilling programs to prepare our people for the electric vehicle transition. We continue to invest in safety in operations & supply chain particularly in fire safety. Through our "Rise for Good" initiatives, we continue to empower rural communities, foster girl-child education (through our flagship CSR programs namely Nanhi Kali and Kaabil), and ensure an equitable, just transition for our entire ecosystem as we move toward cleaner mobility solutions. On governance, our framework is anchored on the pillars of integrity, transparency, responsibility, and accountability. Through rigorous ESG disclosures, ethical supply chain practices, responsible board oversight, and stakeholder engagement, we are moving forward.
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