Mahindra & Mahindra Ltd

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	Mahindra & Mahindra Ltd has demonstrated a comprehensive level of transparency in disclosing its climate lobbying activities. The company has clearly named specific climate-related policies and regulations it has engaged with, such as the "Draft End of Life Vehicle Rules," "Battery Waste Management Rules," "Plastic Waste Management Rules," "E-Waste Management Rules," "Used Oil Management Rules," and "Used Tyres Management Rules." It also disclosed its involvement in shaping national policy through collaborations with organizations like USISPF, FICCI, CII, and B20 Task Forces, focusing on themes such as electric vehicles (EVs), renewable energy, the Carbon Border Adjustment Mechanism (CBAM), and carbon markets. Additionally, Mahindra & Mahindra has provided detailed information about its lobbying mechanisms and targets, including engagement with government bodies, think tanks, climate organizations, trade associations, and diplomatic consulates. Specific examples include participation in forums such as the B20 Task Force on Energy, Climate Change, and Resource Efficiency, and the Action Council on ESG in Business. The governance framework for public policy engagement is led by the Chief Group Public Affairs Officer, who oversees advocacy efforts and chairs key councils like the Circular Economy Committee of FICCI and the Net-Zero Council of CII. Furthermore, the company has been transparent about the specific policy outcomes it aims to achieve, such as subsidizing EVs and renewable energy for faster adoption, mandating the use of EVs in certain industries, enlarging the subsidy pool by imposing a marginal cess on polluting ICE vehicles, and advocating for uniform GST rates for EVs and batteries. It also proposed using funds collected through carbon taxes to drive climate change initiatives and sought amendments to the Renewable Purchase Obligation (RPO) regulation to boost clean energy generation and promote renewable energy adoption. These disclosures illustrate Mahindra & Mahindra's comprehensive approach to climate lobbying transparency.	4

Lobbying Governance

Overall Assessment	Comment	Score
Strong	Mahindra Group presents a mixed picture in its climate lobbying governance disclosures. On one hand, the company demonstrates a structured approach through its public policy engagement framework, with clear oversight provided by dedicated leadership. Notably, it is led by "Ms. Abanti Sankaranarayanan, the Chief Group Public Affairs Officer who also oversees Group Sustainability," who not only sits on the Group Executive Board but also chairs key councils, ensuring accountability in its lobbying efforts. The firm articulates its commitment by stating that "none of our activities contradict or undermine global climate goals," a declaration that reflects its intent to align lobbying activities with the objectives of the Paris Agreement. Additionally, its active participation in forums such as "the World Economic Forum, UNGC, Sustainable Markets Initiative, and B20 Task Forces" indicates an ongoing review and monitoring process of its public policy engagements. However, while these elements demonstrate strong governance in terms of designated oversight and strategic alignment, several other pieces of evidence focus predominantly on broader sustainability initiatives and generic governance structures without offering detailed insights into the mechanisms, monitoring, or auditing processes, particularly regarding indirect lobbying activities conducted through trade associations. This combination of clear leadership and stated alignment policies, tempered by areas lacking detailed monitoring explanations, indicates strong governance overall, though with room for more comprehensive measures in the complete oversight of all aspects of climate lobbying.	3