Mahindra & Mahindra Ltd

Mahindra Group actively participates in lobbying and advocacy efforts, engaging with government bodies, think tanks, climate organizations, trade associations, and diplomatic consulates to influence policy, communicate corporate positions, provide feedback and address policy related issues across our businesses. Our involvement with organizations like the World Economic Forum, UNGC, Sustainable Markets Initiative, and B20 Task Forces highlights our structured approach to advocacy and collaborative initiatives. At the heart of our 'Planet Positive' approach lies a firm belief in the power of advocacy to spur corporate action. We actively champion this cause by partnering with diverse organisations, actively engaging across multiple forums, participating in a wide array of events, and offering thought leadership and insights to influence national and international critical sustainability policies. [...] Mahindra Group has implemented a strong governance framework for public policy engagement, led by Ms. Abanti Sankaranarayanan, the Chief Group Public Affairs Officer who also oversees Group Sustainability. As a member of the Group Executive Board, she directs the group's public advocacy efforts and ensures they align with broader sustainability objectives. Ms. Sankaranarayanan also chairs several key councils, including the Circular Economy Committee of FICCI, the Net-Zero Council of CII, and the B20 Taskforce on Energy, Climate Change, and Resource Efficiency of CII [...] Aligned with the Paris Agreement, we continuously review and monitor our public policy engagements. At Mahindra Group, we are committed to supporting all the country's climate goals. Our core purpose 'Together we Rise' embodies our vision for a more equal world and is the springboard for our climate action initiatives.

PUBLIC POLICY AND ADVOCACY

Insights from private sector is a key factor in influencing and shaping public policy. Being one of the biggest automotive manufacturers in India, Mahindra & Mahindra serves as a unified voice for the industry to help the government shape better policies. [...] Mr. Anand Mahindra Chairman - Mahindra & Mahindra Ltd. [...] Dr. Anish Shah Managing Director & Chief Executive Officer - Mahindra & Mahindra Ltd. [...] Mr. Shriprakash Shukla Group President (Agri, Aerospace, Defence and Steel Sector) Chairman - Group Sustainability Council [...] For more information about the memberships of our executives in various organisations and institutions, please refer to page 199-200 of our Integrated Annual Report F22.

BUSINESSES, WHEN ENGAGING IN INFLUENCING PUBLIC AND REGULATORY POLICY, SHOULD DO SO IN A MANNER THAT IS RESPONSIBLE AND TRANSPARENT [...] The Company pursues an active Public Affairs agenda by engaging with a range of stakeholders across Government, Think Tanks, Climate Organizations, Trade Associations and Diplomatic Consulates to communicate its corporate position, address policy related issues that are relevant to its strategy and help build thought leadership. [...] The Company engages with a range of stakeholders across Government, Think Tanks, Climate Organizations, Trade Associations and Diplomatic Consulates to communicate its corporate position, provide feedback and address policy related issues relevant to its businesses. The Company's approach is guided by its Code of Conduct which requires maintaining ethical business standards, anti‑bribery and anti-corruption. Only authorised personnel can engage in commenting on political process or in Membership of leading industry associations such as CII, FICCI and ASSOCHAM and industry bodies such as SIAM; active participation in relevant Committees and Roundtables, stakeholder consultation and providing verbal and written proposals to Central and State Government departments. The Company operates with the principle of co-operating with Government, Chambers of Commerce and Trade Associations in matters concerning the industry, to promote, protect and enhance the Company's...

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]All the policy decisions @M&M are taken at the Qtrly Group Sustainability Council level, Recommendations are collected thru stakeholder engagement and submitted to the concern policy office.
The business risk of climate change(CC) can affect us in multiple ways – regulatory impact on vehicle sale, physical changes could affect the operating environment of the vehicles and others. Thus, we have taken major steps to identify and address the CC risks thru policy influence, adapt and promote mitigate measures.
With National Electric Mobility Mission Plan, the Govt. emphasizes importance of incentives, coordination between industry and academia. Our focus on EVs is a major step. In 2015 our recommendations resulted in The FAME India scheme and has extended phase 2, FAME- II till 31 Mar'24 .
Since 15 of 20 cities in the world with highest air pollution are in India. It is envisaged that Low carbon scenario with 'highest' EV penetration shows 50 percent drop in PM 2.5 by 2035 (UNEP, DTU and IIM-A) . Master plans of cities in India target 60-80% public transport ridership by 2025-2030.
With the Govt of India targeting 500 GW of RE by 2030, EV's can improve reliability and utilization of renewable by acting as storage, this provides an opportunity (for the company) to materialise in due course.
To ensure actions for CC mitigation are consistent with the policy advocacy engagements, we have also adopted major initiatives at our plants, internal carbon price of $10/ ton & are committed to double our energy productivity by 2030 w.r.t. 2009. We have 78 MWp Solar PV plants and 6.3MW Wind Power to ensure compliance and to support the national agenda for enhancing RE.
Our Chairman represented the Corporate World Economic Forum at Davos(F18) and issued a 'Call to Action' to all businesses to adopt Science Based Targets is a testimony of Company's continuing efforts to combat climate change. In 2019 M&M had set SBT targets consistent with B2DS and scope 3 targets aligned to 2DS scenario. Our social responsibility initiatives are also mitigating our carbon emissions. We undertake tree plantation thru Project Hariyali, In FY22 M&M planted 1.32 Million & Mahindra Group has planted more than 1.57 Million trees and total 20.65 Million trees across India till date w.r.t .2007.
The above approaches shall reduce the risk of increasing Input cost, operating cost, Reduction in revenue generation due to products and also insulate us against possible business interruptions by 2030.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes