71 RISE FOR A MORE EQUAL WORLD | ESG Strategy Oversight Structure At the apex of our ESG governance is the Group Executive Board, chaired by the Group CEO & MD. This board provides strategic direction and oversees performance on ESG priorities. Various committees and teams at sector and business levels support this, ensuring vertical and horizontal alignment. • Board-level oversight on ESG risks, opportunities and disclosures. • Regular reviews of ESG performance indicators and material issues. • ESG integrated into strategic planning, investment decisions and risk frameworks. Group-level Sustainability Committees To embed ESG governance consistently across the Group, we have instituted a structured, multi-tiered governance framework that integrates strategic direction with execution and oversight. These Group-level sustainability committees operate as cross-functional platforms, enabling alignment between sustainability priorities and business objectives across our diverse sectors. Together, they support disciplined implementation, effective monitoring and continuous improvement of ESG performance. Internal Policy Landscape Sustainability Policy Our ‘Planet Positive’ strategy at Mahindra Group is a comprehensive approach to integrate environmental sustainability as a core part of business strategy. We have expanded our ambition from solely focusing on emissions reduction (Carbon Neutral/Net-Zero) to embracing a comprehensive set of goals that address emissions, water, biodiversity, and more. The mandate emphasises the importance of enablers like leading on reporting and disclosures, incubating green technology, advocating for climate action, and building practical capabilities. Further details are available on the Company’s website. Group Biodiversity Policy Guided by a 'No Harm' approach, our businesses are focused on protecting, restoring, and enhancing natural ecosystems through responsible land use, green cover expansion, and nature-aligned interventions that support both ecological balance and community well-being. This approach is the cornerstone of our Group-level Biodiversity Policy. Read more at https://www.mahindra.com/investor-relations/policies-and-docu ments Greening Ourselves Net Zero Scope 1 and 2 Emissions ~100% renewable energy, increasing energy efficiency and electrification Net Zero on Water & Waste >100% water positivity and zero waste to landfill across BUs/sites Adopting Material Circularity Reduce, reuse, recycle, green material Decarbonise Industries (Address Scope 3) Transition to Green Portfolio Increase ‘Green Aligned’ revenues EVs, net zero homes, renewables, ELV recycling, EV finance, etc. Net Zero supply chain Decarbonise value chain incl. MSMEs, sub-industries, e.g. tyres, etc. Attracting global impact capital Inbound investment by climate capital Climate Adaptation & Just Transition Driving climate Adaptation Promote sustainable agriculture (e.g. drip irrigation) and address physical climate risks (e.g. heat stress) Biodiversity conservation Protecting and restoring flora and fauna Climate consideration in CSR Enable just transition and climate resilience, e.g. regenerative agri. skilling, RE skilling, etc. ESG Leadership & Climate Advocacy ESG leadership - transparent reporting & disclosures Across global and domestic ESG ratings Advocacy across global & domestic platforms COP, WEF-Davos, climate weeks Partnerships & thought leaders Climate advocacy and policy engagement with key organisations Enablers Sustainability-linked business goals (5-10% sustainability-linked KPIs in scorecard) Capability building - strengthen execution (leadership capability, green skilling across functions) Access to green technology (with startup ecosystem - pilot, procure & invest)
RkJQdWJsaXNoZXIy NTE5NzY=