69 RISE FOR A MORE EQUAL WORLD | ESG Strategy RISE FOR A MORE EQUAL WORLD ESG STRATEGY Mahindra’s ESG approach reflects our belief that responsible growth and enduring impact must go hand in hand. As we navigate a rapidly changing global landscape, sustainability remains a strategic lens through which we innovate, operate and engage. Our nine commitments serve as a roadmap for action — advancing decarbonisation, circular economy practices, and water and biodiversity stewardship. Enabled by the #TogetherWeRise philosophy, we are committed to delivering measurable progress that empowers communities, strengthens economic resilience and contributes to a more sustainable future. To deliver on these commitments, we anchor our ESG strategy around three interconnected pathways that guide our actions and progress. Planet Positive (Environment) Our Planet Positive approach reflects a long-term commitment to protecting natural capital, reducing environmental impact and strengthening ecological resilience. We continue to decarbonise our operations through the pursuit of net zero Scope 1 and 2 emissions, while reducing waste, improving material circularity and expanding greener portfolios encompassing electric mobility, green buildings and renewable energy. Climate adaptation and resilience building is a key new area of focus with initiatives to address physical climate risks (e.g., heat stress) and promote sustainable agriculture (e.g., drip irrigation). Beyond our direct operations, initiatives such as afforestation and biodiversity conservation strengthen our contribution to nature restoration, supporting our ambition to progress towards carbon neutrality by 2040. Women Empowerment Continue providing skills training to women Renewable Energy 100% of Electrical Energy 2030 Water Positive At Group level Nanhi Kali Continue supporting girl child education Zero Waste to Landfill 100% Sites Certified 2030 EP100 Doubling Energy Productivity 2030 Carbon Pricing In Business Decisions ONGOING Gold Standard In Governance Compliance and Disclosures MAINTAIN Carbon Neutral (Scope 1 & 2) Science-based Targets in place 2040 Planet Positive People Positive Trust Positive
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