Mahindra Holidays Wins the Coveted Golden Peacock Award for Sustainability 2017

Mumbai, October 26, 2017: Mahindra Holidays & Resorts India Limited (MHRIL, Club Mahindra), India's leading leisure hospitality provider, and a part of the US$ 19 billion Mahindra Group, has been bestowed with the prestigious Golden Peacock Award for Sustainability 2017. The award was received by Mr. Arun Nanda, Chairman, Mahindra Holidays at a glittering ceremony in London.

Since its inception, Mahindra Holidays has focussed on driving sustainability across the business. The Company has implemented a robust sustainability practice across its network of 50 resorts in India and abroad. Some of the key areas that the Company has been working include carbon footprint measurement, conservation of biodiversity and assessment, environment, energy, water and community development.

On receiving the award, Mr. Arun Nanda, Chairman – Mahindra Holidays & Resorts (India) Ltd., stated, "It is a proud moment for all of us to be recognized for achieving economic growth while preserving the natural resources and ecosystem for future generations. At Mahindra Holidays, we recognize the importance of Sustainable development and are committed to conserve the ecological integrity of the locations we operate in."

To reiterate its pledge to sustainability and conservation, Mahindra Holidays joined EP100, making the commitment to double its energy productivity by 2030 and became the first global hospitality company to take on a leadership role in energy productivity and actively supporting India's national commitments to mitigate the impacts of climate change. The Company has taken several initiatives such as use of solar power plants and provisioning of newer technologies & energy efficient machines at new projects. Besides, measures are taken to further conserve power, water and deployment of biogas plants and compost machines for recycling dry and wet garbage respectively. The Company has also invested in equipment upgrades, such as switching to light-emitting diode (LED) lighting, highly-efficient heat pumps and variable frequency drives at its various resorts.

Mahindra Holidays actively participates in the Mahindra Group's initiative for Corporate Sustainability Reporting. The 'Sustainability Report' of the Group is prepared in accordance with the internationally accepted framework specified by the Global Reporting Initiative (GRI). This framework sets out the principles and indicators that should be used to measure and report economic, environmental, and social performance.

About Mahindra Holidays & Resorts India Limited

Mahindra Holidays & Resorts India Limited (MHRIL), India's leading player in the leisure hospitality industry, offers quality family holidays primarily through vacation ownership memberships. While Club Mahindra is the flagship brand, the other brands offered by the company are - Club Mahindra Fundays and Svaastha Spa. As on June 30, 2017, MHRIL has ~200K vacation ownership members and operates 50 resorts across India and abroad.

MHRIL also owns a majority stake in Holiday Club Resorts, Finland, a leading vacation ownership company in Europe with 31 resorts across Finland, Sweden and Spain.

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About Mahindra Group

The Mahindra Group is a USD 19 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world’s largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

For further enquiries please contact:

Pramuch Goel
General Manager, Group Communications
Mahindra Group
Tel: +91 22 2490 5943

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