& MAHINDRA LTD. Sustainability Report 19/20

RESPECTING BOUNDARIES alerSEnTS aYOU FREvE sm alerna vsm We believe that rising through an unpredictable and unprecedented black swan event like the Covid-19 pandemic is possible only through an Alternativism led sustainable approach where we respect our planetary boundaries. Economic freedom and fair growth are achievable within the realm of social and environmental boundaries of life's essentials and excesses.

Living beyond resources may cause volatile events, while the antifragility to thrive in disruptions is mastered through the holistic attitude of doing well by doing good, for everyone. Alternativism is this state of mind for true sustainability, where we sow the seed between the need and the greed and reap the Rise of a just and growing society.

Towards achieving this, we need to provide alternative sustainable choices to consumers through innovative thinking, ingenious products, and inventive business models. Let us build to last, adapt, and sustain. That will be a true victory through these testing times which give us the opportunity to Reboot | Reinvent | Reignite and thus Rise. S 01 T Executive Messages N E T N O C 05 47 79 Company Profile Carbon Emission Health & Safety

12 61 101 Economic Performance Water Security Product Stewardship

22 66 122 Corporate Governance Waste to Wealth CSR Management

138 SUSTAINABILITY SNAPSHOT Subsidiaries & Associates Refer comprehensive report online

27 75 211 Sustainability and Us Sustainable Supply Chain Annexures

Comprehensive report available on: www.mahindra.com/resources/pdf/sustainability/ Mahindra-Sustainability-Report-2019-20.pdf 01

MESSAGE FROM THE CHAIRMAN

We as a group are built There is no doubt that the pandemic crisis we are facing is unparalleled in its magnitude, but for mes like these. We haven't chosen the the multitude of times we have overcome situaon we are in, but we can choose our challenges in the past gives us the condence response to it. that this time too, we will Rise. To do this, we need to reimagine the future. A future where we do not just build back what existed but build afresh a new and better economic system. The goal is to create an inclusive and sustainable post-COVID economy that benets the society, the planet, and the shareholders for generations to come.

GRI 102-14 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 02

One of the ways we can achieve this is through Alternavism which is our commitment to innovate our products and processes by building in sustainability. We do this by respecng social and environmental boundaries, because for us, doing business for good is as important as doing good business. This is, in fact, the raison d'être of some of our companies. We wondered how we could help make commute more sustainable, and we got into , our electric mobility business. We aspired to make energy more sustainable and became pioneers in the solar space with . The goal of making our habitats more sustainable, drove to create homes that are easy on the planet, and enable residents to reduce their carbon footprint. Efforts at sustainability extend to our processes as well and are well recognised. In the reporng year, we had a relook at our material issues; we have taken on commitments for each such issue. Hence, all our iniaves are materiality oriented, measurable, consistent and in line with our commitments towards the planet, people, and profit.

PLANET PEOPLE PROFIT

We believe going green makes business Our commitments on sustainability are Despite the contagion and the challenges in sense. Transforming a ~150-company, mul- enthusiascally embraced by our ~225,000 the auto industry, we successfully achieved a sector group to carbon neutrality by 2040 is colleagues, who feel a sense of smooth transion to BS6 and increased our a massive commitment, but the Mahindra responsibility for the future. Whether it is market share in commercial vehicles as well Group is delivering on this and several other working from home or with guidelines in the as our farm equipment business. green iniaves. Carbon neutrality plans new normal, or achieving a steep target, Our EV sales and allied businesses (Susten, have been approved by eight group Mahindraites have risen to the occasion. A Powerol, Accelo) also showed growth companies, and 13 of our companies have sense of urgency and a lively curiosity, spur compared to last year. received their SBTi (Science Based Targets our acon and innovaon. Our drive towards a sustainable future that Iniave) targets approved. Challenging norms and pushing the envelope addresses the needs of a greener planet and Unsustainable exploitaon of nature is like are part of our roune. When we think of an its people connues. The Group's green killing the goose that lays the golden egg. automobile workshop that caters to SUVs, it revenue porolio is now worth half a billion Value addion in the future will depend on is easy to visualise a team of men working dollars and includes electric vehicles, the conservaon of natural resources by on heavy-duty machines. Redefining this automove recycling, solar energy, waste- effecvely doing more with less. We are convenonal percepon, the Mahindra to-energy and biogas, green buildings, and making great efforts to foster a circular Group recently launched 's first all- micro-irrigaon. We see this as a blueprint economy by minimum use of materials, women run automobile workshop in , for the future of business. reducon in waste generated, and usage of , as part of the #pinkcollar waste as a valuable resource. Till now, 17 of iniave. Women Rising will be one of our facilies have been cerfied as zero India's most impressive stories over the next waste to landfill. few decades, and we are determined to 2020 marks the 75th year encourage it. Water is a parcularly precious resource. of Mahindra and Mahindra. Many of our CSR iniaves focus on filling Happily, our efforts are recognised. M&M is In the true spirit of Rise, reservoirs as a community resource. In the ranked 10th on the list of India's Best let's use it to move faster plants and locaons, we follow the three Workplaces in Manufacturing 2020 by Great towards our vision of a R's, - Reducing, Recycling and Recharging Place to Work®. resilient, inclusive, and through iniaves such as rainwater sustainable future for all. The same passion drives us when it comes harvesng, micro irrigaon, and water to working for the community. Project Nanhi recharging. All these iniaves are strictly Kali ll date has provided educaonal monitored to opmise water consumpon. support to more than 450,000 Water recharge this year increased from underprivileged girls. It goes without saying 0.12 million m3 to 0.64 million m3. that every possible resource at Mahindra is In F20, we planted 1.52 million trees taking acvely involved in helping people in the the total to 17.93 million trees planted so country combat the pandemic challenge. far. Project Hariyali our tree planng iniave was recognised this year in the Anand G. Mahindra Chairman, Book of Records.

GRI 102-14 03

MESSAGE FROM THE CHAIRMAN, GROUP SUSTAINABILITY COUNCIL

The o-quoted new normal One of the ways in which we do this is asking a pernent queson about the issues that in a post COVID-19 world are material to our business. We update the issues based on - how can we make them talks about seling into a more relevant to the current environment, and to the future scenario? new way of living and working. For us though, The review of our materiality assessment there is no seling. Alternavism is a choice involves reidentifying and revaluating the we made a few year ago which inspires us to never key issues by engaging with all internal and sele - thus enabling us to reinvent products and external stakeholders, and benchmarking processes. This makes us a sustainable organisaon with leading industry peers. After mapping, contribung to the people, planet and profit pillars. prioritisation, and validation, the nal materiality matrix emerges. The key material issues identied are used to reformulate the sustainability strategy and a strategic roadmap for the future. GRI 102-14 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 04

We undertake iniaves involving the idenfied core issues and in fact, this year's sustainability report structure is altered to reflect some of the iniaves we have taken on the idenfied key material issues.

CARBON WASTE TO HEALTH & EMISSION WEALTH SAFETY

Climate change is a reality that we as a globe Mahindra follows a zero-waste philosophy We consistently reinvent workplace pracces are facing. We have stepped up to the and manages waste at every stage from to promote the overall well-being of challenge by driving climate change prevenon to minimisaon, reuse to employees and enable them the best work migaon efforts and comming to an recycling and from energy recovery to environment. We recorded 61% reducon in audacious goal of becoming carbon neutral disposal. Last year, we had nine Zero Waste injuries in F20 and a 20% improvement in as a group by 2040. This calls for massive to Landfill (ZWL) factories, which have now Health Index. changes to our operaonal ecosystem and grown to 14 plants, one research centre, one Given the COVID-19 situaon, although we substanal reducon in carbon emissions. For resort and a warehouse. SBU Kanhe was are trying to maintain business connuity, that, we are adopng cleaner and greener cerfied as the first Zero Waste to Landfill our primary focus is keeping our employees processes, improving energy and resource warehouse in India. and their loved ones safe. Special Rapid efficiency, and increasing non-fossil fuel No waste from these facilies goes to Acon Force teams are in place at different based renewable energy in the energy mix. landfills. 88% of M&M's total waste and 79% levels, to provide on-call/virtual medical Mahindra has almost reached the goal of of hazardous waste is recycled through assistance, to dra out protocols and doubling energy producvity in the authorised recyclers and cement co- guidelines for manoeuvring through these automove business; 12 years ahead of the processing plants. In other developments, mes, among many more such measures. commitment. Mahindra & Mahindra Ltd. and Mahindra Lifespaces also joined the Eco Mahindra Holidays are among the first batch eMarket (an NCDEX powered online of signatories in the world to have signed the marketplace for waste trading and EP100 Cooling Challenge and are focussing management) along with MHRIL & Susten. on improving energy efficiency of HVAC PRODUCT systems. Our total RE consumpon this year STEWARDSHIP increased by 16% as compared to the last year, growing the share of RE in the total We connued to introduce new products and energy mix of M&M to 4% in F20 as SUPPLY CHAIN soluons across categories in automove and compared to 3% in F19. MANAGEMENT farm equipment businesses. Moreover, much ahead of the deadline, we were ready for the Sustainability of suppliers helps us deliver shi to BS6 norms with the development of seamless and sustainable value creaon. eight diesel and eight petrol engines. In the Also, Mahindra has always been vocal about process, we filed for over 30 patents. WATER sourcing locally. Local supply not only Concerns around energy security, climate SECURITY vitalises the local industry and provides jobs change, and air polluon have led us to focus to the local community, but also reduces our on Electric Vehicles and they have become At Mahindra, we believe in being water carbon footprint. It reinforces our our fastest growing segment, although on a posive harvesng more water than we are commitment to Make in India as well. low base. using, for a sustainable future. It is a holisc On an aggregate basis as per our annual approach which addresses the whole water analysis, 100% of our requirement was cycle. locally sourced. Automove and Farm & Equipment Sectors For us, at Mahindra, it is not about have recycled and reused 44% and 41% of sustainability or profit, it is about water respecvely, and the overall water sustainability with profit. As we connue this recycled and reused across M&M was 42% in onward journey of sustainability, we need CSR F20. Igatpuri Plant of M&M Ltd.'s AD your inputs to go farther. Please read the achieved 243 days without dependency on MANAGEMENT report and do share your views with us at external water through rainwater harvesng, [email protected]. wastewater treatment, recycling & reusing, A structured approach towards CSR and reducing water consumpon. The total management has enabled us to design net freshwater consumpon reduced from community development iniaves that last year and was well within the target set deliver high-impact results in our focus areas for this year. of educaon, healthcare, and environment. S. P. Shukla Chairman, Group Sustainability Council, Mahindra Group

GRI 102-14 COMPANY PROFILE

MAHINDRA GROUP

The Mahindra Group is a USD 20.7 billion federation of companies dedicated to enabling its partners, stakeholders, communities and the world to Rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities.

We embarked on this extraordinary journey in 1945 with the steel business. Today, we have expanded to

22 SPANNING 240,000 ACROSS KEY 11 EMPLOYEES 100 INDUSTRIES SECTORS STRONG COUNTRIES

In India we occupy a leadership posion in ulity vehicles, tractors, IT, financial services, real estate and vacaon ownership. At the same me, we are constantly innovang and surging ahead in the following businesses:

agribusiness aftermarket aerospace components consulting services

commercial vehicles defence logistics energy two-wheelers

GRI 102-1, 102-2, 102-4, 102-5, 102-7 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 06 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

CORE PURPOSE

Despite being spread across such a vast geography with BRAND PILLARS an ever-expanding porolio, a collecve spirit binds us all together as Mahindra and inspires us to 'Rise' together. We achieve this through not just our products and services, but also by creang new possibilies for a truly DRIVING sustainable future. ACCEPTING ALTERNATIVE POSITIVE NO LIMITS THINKING At Mahindra, we live by the three most important pillars - CHANGE 'Accepng No Limits, Alternave Thinking, and Driving Posive Change'. Our vision is to see Mahindra as one of the 50 most admired global brands by 2021.

CORE VALUES Learn more about Mahindra on www.mahindra.com / Twier & Facebook @MahindraRise Professionalism | Good Corporate Citizenship Customer First | Quality Focus | Dignity of the Individual

MAHINDRA & MAHINDRA LTD.

The agship Company of the Mahindra Group, Mahindra & Mahindra Ltd. is where it all began. A mobility products and farm solutions provider, we commenced operation in 1947 when we assembled our rst vehicle. Since then we have achieved several signicant milestones, including becoming the world's largest tractor company by volume, a leader of utility vehicles in India, and a pioneer in key industries of every modern economy, urban and rural.

Today, Mahindra & Mahindra Ltd. offers a wide range of products and soluons ranging from SUVs, electric vehicles, commercial vehicles, two-wheelers, tractors that are robust, fuel-efficient, as well as environment-friendly.

We rst started exporting in the 1960s and today, our vehicles and tractors are found across 70 countries spanning all six continents.

33.9 10.4 Foreign Instuonal Investors Mutual Funds Shareholding 17.9 Pattern Other Instuons As on March 2020 19.9 Promoter

13.6 Public 4.3 Others GRI 102-1, 102-2, 102-5, 102-16 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 07

HIGHLIGHTS

At Mahindra, we have always believed in doing good for all our stakeholders. Since our incepon, we have worked to drive posive change across geographies. This year was no different, some of the highlights of F20 include:

Business Alliances

Mahindra and Ford form a Joint Venture The $275-million joint Mahindra's Farm Equipment Sector entered a strategic alliance venture will develop, market, and distribute Ford-branded vehicles with Switzerland-based agri-tech firm, Gamaya SA, to provide in India and emerging markets. futurisc agronomic soluons to the global farming community.

Innovation

Enabling FarmTech Prosperity Mahindra Agri has been at the Mahindra becomes the first Indian manufacturer in the forefront of driving technology and digisaon in Indian farming automobile industry to export its two-wheelers to Europe. thereby helping farmers drive prosperity and producvity. With The first batch of the electric E-Ludix manufactured in the launch TRRINGO, a revoluonary tractor and agriculture- Madhya Pradesh was exported to the company's subsidiary equipment rental services in 2016 we are successfully helping Moto in France. farmers from over 1,000 Indian villages.

Launched India's first-ever Autonomous Tractor technology and became the first OEM to offer a cloud-based plaorm for tractors with DiGiSENSE.

GRI 102-2, 102-5 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 08 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

GRI 102-2, 102-5 Enhanced Portfolio

MOBILITY SOLUTIONS COMMERCIAL AND FARM EQUIPMENT

Launched XUV300 in February 2019 with stellar feedback from Launched FURIO-us with an unprecedented 'More Profit or Truck customers and automove media. Back' guarantee.

Unveiled Basta, the world's first electric hypercar, in March Launched the first locally assembled compact SUV - the Mahindra 2019 by Automobili . KUV100 in Sri Lanka with Ideal Motors Ltd.

Launched Electric Glyd, a premium e-mobility soluon. With the 37% stake, Meru and its allied companies have become subsidiaries of Mahindra & Mahindra Ltd. Launched the SsangYong Korando for Europe in March.

Social and Environmental Highlights

Mahindra cycles to raise awareness about the visually impaired Mahindra & Mahindra Ltd. announced that it will stop the use 15 riders cycled across South to spread awareness about of plasc at all its 15 manufacturing plants in India following the inclusivity and equal opportunity for the visually impaired. Indian Government's ban on plasc. A social media campaign called #CutTheCrap was launched.

Conducted the 6th edion of Proud Fathers for Daughters Enabled educaon of 750 underprivileged girls across India, bringing Project Mahindra celebrated its 74th Founders' Day 20,000 employees Nanhi Kali significantly closer to its #Mission5000 of educang from 16 pan-India locaons commied to a plasc-free 5,000 Nanhi Kalis. environment on the occasion. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 09

Milestones

The Mahindra Group celebrated its 25 years of operaons in the US Mahindra inaugurated its 100th standalone dealership for Small on 9th September 2019 with the inauguraon of a new Group Commercial Vehicles (SCV). office in Washington, DC.

Mahindra & Mahindra Ltd. rolled out 1 million vehicles from each of its three manufacturing plants in Chakan, Zaheerabad, and Haridwar. With this, the three facilies joined the Company's plants in Nashik and Kandivali, in achieving the one-million-unit producon milestone.

International Highlights

Mahindra & Mahindra Ltd. achieved a strong growth of over 35% Mahindra made its way into the lives of Sudanese farmers with in Brazil, as compared to 2018. the grand launch of its tractor range in December 2019.

GRI 102-2, 102-5 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 10 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

AWARDS GRI 102-2, 102-12, 102-13

In line with our aspiraon to be one of the top 50 global brands, we are building our human capital, growing through collaboraon, enhancing our reach, focussing on innovaon and doing business for good. Recognion of these efforts in the form of awards reaffirms our faith in the goals we have set for ourselves and confirms that we are on the right path. Some of these awards are:

The President of India, For its outstanding contribuons in the field of Corporate Social Responsibility, the Group was honoured with winner of the 'Naonal CSR Award 2018' in the categories of: Shri Ram Nath Kovind, presented the first-ever Naonal Ÿ ‘Contribuon to Naonal Priority Area Ÿ ‘Corporate Award for Excellence in CSR’ Agriculture and Rural Development’ Ÿ Honorable Menon for the ‘Contribuon Corporate Social Responsibility (For Project Integrated Watershed to Naonal Priority Area Educaon’ (CSR) Award to Mahindra Group. Management in MP) (For Project Nanhi Kali)

Mahindra Group was recognized in the for the India Record of “Most trees planted”

Mahindra Group conferred the 'Naonal Award for Excellence in Corporate Governance' by Instute of Company Secretaries of India (ICSI)

Mahindra's Igatpuri plant won the 'Sustainable Factory of the Won #HeForShe award at the presgious Bloomberg Equality Summit, Year Award' and 'Jury award for Zero Waste to Landfill' at the 2019 for fostering an environment of inclusion and empowerment. recently concluded India Sustainability Leadership Summit 2019 in Mumbai jointly organised by Frost & Sullivan and The Energy and Resources Instute (TERI). Won the Golden Peacock Global Award for Excellence in Corporate Governance for 2019.

Mahindra won the market's highest AAA credit rang for its debt, with a 'Stable Outlook', for the 6th year in a row, by India's four leading agencies, CARE Rangs, Crisil Limited, ICRA Limited, and India Rangs and Research Private Limited.

Mahindra & Mahindra won the 'Best Corporate Governance - India 2019' award from Business Vision.

Mr. becomes a board member of the United Nations Global Compact. The UN Global Compact Board is instrumental in shaping the strategy and policy for responsible business action and is designed as a multi-stakeholder body that provides ongoing strategic and policy advice for the initiative. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 11

MOBILITY

Automotive Sector

We began our journey in 1947 when we put together a Willys a ready-for-anywhere vehicle. We haven't looked back since. We introduced the first ulity vehicle to India, and went on to foray into electric vehicles, pickups, commercial vehicles and two-wheelers. Owing to our reputaon of producing reliable, durable, fuel-efficient, and environment-friendly vehicle, we are now leading in the segment as vehicle manufacturers.

Today, our vehicles can be found in over 70 countries spanning across all six continents of the world.

Businesses in the Division:

hp://www.mahindra.com/business/automove

Mahindra Graphic Research Design* | Mahindra Electric Mobility Limited *Mahindra Graphic Research Design and SsangYong Motor Company Mahindra Vehicle Manufacturers Limited | SsangYong Motor Company* are not in the scope of this report.

Farm Equipment Sector

We have been driving rural prosperity in India and enabling farmers to 'Rise' with us since the green revoluon. For the past three decades we have provided tough and durable tractors & implements to raise producvity in farms across all connents in the world. India is a labour-intensive naon with agriculture as one of the major sources of livelihood, and one of the most important sectors of the economy. Our farm-support services like end-to-end mechanisaon soluons under Mahindra AppliTrac and agri- inputs, advisory and post-harvest services, among other things, have empowered farmers everywhere.

We are the world's number one tractor company (by volume) with annual sales in F20 of over 301,915 units.

Businesses in the Division:

hp://www.mahindra.com/business/farm-equipment For complete details on how our Mahindra (China) Tractor Co.* | Mahindra Yueda (Yancheng) Tractor Co.* products create value for our Mahindra EPC Irrigation Ltd. | Mahindra USA Inc.* customers and the environment, please refer to the Product Performance secon of the report. *Mahindra (China) Tractor Co., Mahindra USA Inc. and Mahindra Yueda (Yancheng) Tractor Co. are not in the scope of this report.

GRI 102-2 ECONOMIC PERFORMANCE

Aer a lacklustre 2019, the To de over this crisis, Mahindra connued to follow the automove industry pinned Alternativism approach - a commitment to think differently that hopes for the economy to turnaround and show empowers us to not only resist unexpected shocks but also recover enthusiasm in 2020. However, from them and deliver what is required of us. the COVID-19 pandemic severely impacted almost the This approach helps us to think newer, do beer, dream bigger and ulmately, emerge stronger. whole world and triggered It also ensures that the economic progress that we achieve is environmentally responsible and significant downside risks to the socially inclusive so that it creates value for all the stakeholders. overall global economic outlook. We connued with rigorous cost restructuring exercises and efficiency improvements, In India, lockdowns announced which resulted in significant savings through focus on by the government from 25th March 2020, halted our enre operaons, and subsequent COST PROCESS PRODUCT restricons imposed on various CONTROLS EFFICIENCIES INNOVATIONS acvies due to the pandemic posed tough challenges to all that exceeded customer expectaons in all areas, thereby maintaining our businesses. profitable growth in the current economic scenario. GRI 201-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 13 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

THE YEAR UNDER REVIEW

F20 was a very challenging year for the Indian auto industry as the bale was fought on two fronts. The focus was on achieving a 2020 smooth and efficient transion from BS4 to BS6 on the first front. On the other, the industry was faced with a very challenging market scenario. The demand for automobiles slumped due to general slowdown in economic growth and constraint on government spending. Low demand from rural areas due to an errac monsoon, lower agricultural incomes, fall in non-agri incomes, low access to cost of finances, increase in vehicle prices, stricter safety and emission norms, etc. further affected the sales.

In addion to the above, Industry sales Transion to the Lockdown in for Q4-F20, and more specifically for the BS6 BS6 emission norms coming March 2020 due months of February and March 2020, into implementaon from to the COVID-19 were severely impacted for two reasons. BS4 April 1, 2020 pandemic

Some producon was also lost due to a Our EV business was the silver lining of this year's performance with sales growing from the shortage in supply of certain components previous year, supported by Governments' thrust on adopng EVs, and our sustained efforts imported from China, which was under in working with various stakeholders, especially the fleet operators. lockdown in February and March. The Automove Sector posted total sales of 471,141 vehicles registering a degrowth of 22.5%. In the domesc market, we sold a total of 444,218 vehicles, down 21.9% compared to last year. Growth in our farm equipment business fell but our market share increased by 0.9%. We sold 291,901 tractors (including Gromax Agri Equipment Limited), down 7.8% compared to last year. We expect tractor demand to show good improvement on the back of several posive factors such as record Rabi producon, higher government procurement, announcement of higher MSPs leading to beer realisaon to the farmers and outlook of a normal monsoon aiding senments for a good Kharif crop. As the demand for automoves come from rural areas too, we expect quicker recovery.

O U R A L L I E D B U S I N E S S E S C O N T I N U E D T O G R O W I N T H E R E P O R T I N G P E R I O D

Mahindra Susten Mahindra Accelo Powerol Partnered with Mitsui & Co., Ltd. of Japan to Cero is India's first Government-authorised No. 2 brand by volume in retail gensets jointly develop and operate distributed solar vehicle recycling company. A JV between business, offers a wide range of soluons power generaon projects in India. Mahindra Accelo and MSTC Ltd. collects end- from Lower KVA range to mid to higher KVA of-life vehicles, dismantles and recycles them range. at its state-of-the-art facilies.

GRI 201-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 14

HIGHLIGHTS

FINANCIAL Revenue EBITDA HIGHLIGHTS - F20 £Crore £Crore (M&M+MVML) 44,866 6,351

Mahindra Electric achieved EBITDA breakeven in F20

EBITDA Margin maintained at 14.2%

Investment in R&D rose to INR 2,975 cr in F20 from INR 2,642 cr in F19

Commercial Vehicle Market share increased to 27.7% in F20 from 24.7% in F19

Extended Tractor Domesc Leadership Market share increased by 1% to 41.2% in F20 from 40.2% in F19 GRI 201-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 15 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Some of the products that stood out this year include: GRI 201-1

Automotive Division

Mahindra CRUZIO A brand-new range of BS6-ready buses with patented Mahindra FuelSmart Technology that provides higher fuel savings. Farm Equipment Sector

Jeeto Plus New Bolero City Pik-Up SP PLUS Series A new variant of the minitruck Jeeto An ideal pickup with easy manoeuvrability, SP Plus Series comes with powerful Extra- plaorm, it offers higher load-carrying ruggedness and comfort for intra-city Long Stroke (ELS) DI Engine which offers ability and lower operang costs to its business trips and urban goods superior performance and compability customers. transportaon. with all agricultural applicaons.

Thar 700 XUV300 AMT XP Plus Series With its go-anywhere capability, Thar 700 An easier to drive, innovave new Mahindra XP Plus Series tractor never is a true-blue off-roader and a typical Automated Manual (AMT) compromises. Unlike any other tractor Mahindra breed that exemplifies the version of XUV300 with autoSHIFT in its class, it gives maximum power company's rich 4x4 heritage. technology. without compromising on mileage.

For more informaon on product launches in F20, please refer to the Product Stewardship secon on page 101 of our sustainability report.

Mahindra launched JAWA Perak in the Financial Year 2019-20 after the successful relaunch of the two models - 'Jawa' and 'Jawa Forty-two'. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 16

FINANCIAL PERFORMANCE

R&D In INR million (In INR million) 29,749 13,305 26,425 M&M Profit / (Loss) aer Tax 20,660.75 Revenue and PAT (F20) 344,678 Net Revenue

2017-18 2018-19 2019-20

Financial Assistance Received from the Government In INR million

Investment grants, research Financial Other financial and development assistance benefits received Name Tax grants, and other Royalty from Export or receivable from Total of the relief/ relevant types holidays Credit Agencies Financial any government (INR Company credits Subsidies of grants Awards (if any) (if any) incenves for any operaon Million)

. .

BEYOND FINANCIALS

Electric Mobility

Concerns around energy security, climate change and air polluon are leading people to transion to alternave modes of mobility globally. The moment of EVs is being driven by the recognion of the need for clean mobility, governments providing incenves to promote EV adopons, improving affordability and performance of EVs and rapid expansion of EV charging infrastructure.

Electric Vehicles have become the fastest growing segment. While on the low base, EV sales have grown at 51% CAGR over the last three years. Annual global EV sales stand at 1.5 million, which is 2.3% of total Passenger Vehicle (PV) sales, as compared to just 0.2% ve years back.

Mahindra has been vehicles a pioneer in EV sector as part of our and is innovang Future of Mobility to bring to market CLEAN CONNECTED CONVENIENT vision.

GRI 201-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 17 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Some of the products of the future that we showcased during the 2020 include:

Funster - Roadster concept with a playful convertible mode

A 'sports electric vehicle' that personifies the core experience of 'Play-for-fun'. It takes 5 seconds to reach from 0 to 100 kmph and has a top speed of 200 kmph.

A.T.O.M. Commute

Designed to appeal to the emerging new India and transform the face of last- mile connecvity, ATOM is a microcar with a combinaon of clean, comfortable and smart mobility.

eXUV300: Electrifying Indian Roads

Aspiraonal electric SUV which is the perfect mobility soluon for the environment-conscious customer and the ideal vehicle for those who desire thrilling performance.

For more informaon on products showcased during the Auto Expo 2020, please refer to Product Stewardship chapter on page 101 of our sustainability report. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 18

R&D

At Mahindra, we believe that sustainability is not a challenge, it is an opportunity. And true sustainability will only be achieved through unconvenonal, alternave thinking with respect to living styles, business models, producon, materials, infrastructure, commercial proposions, valuaons, etc. That's why we have culvated the habit of asking quesons. Because quesons lead to innovaon. Whether it is in creang mobility soluons which are sustainable or farming soluons which increase producvity through technology, we are invesng in creang R&D facilies across the world.

Through this global network of innovation, we are focussed on disrupting existing norms to give rise to newer business models with 'Futurise' - where we are not only equipped for the present, but also ready for the future. This enables us to provide an incredible opportunity to drive positive change for all our stakeholders, to enable them to Rise.

Mahindra's Neural Network of Innovation

UK Digitalisaon, FINLAND Smart Cies, Farm TURKEY Electric Racing SPAIN Technology USA Electric Racing Farm Technology Technology Urban Mobility, Technology SOUTH KOREA Automove & Automove Farm Technology, Technology Digitalisaon, AI & loT

JAPAN Farm Technology

INDIA Connected , Electric Vehicles, Aeronaucs, ITALY Autonomous Tractors, Automove Smart Cies & Clean Energy, Engineering & Design, Digitalisaon, AI & loT Advanced EV Map not to scale. Technology For illustrave purposes only.

Business presence OUR R&D FACILITIES ARE SET UP IN and R&D facilies

20 CENTRES ACROSS 10 COUNTRIES Business presence

GRI 102-4, 102-6 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 19 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

LOCAL SUPPLY

Mahindra has always been vocal about sourcing locally. We have a pracce of purchasing goods and services from local suppliers at our mulple Local supply not only vitalises the local industry and provides plants spread across West, South and North of jobs to the local community, but also reduces our carbon India. Our connued focus has been on buying footprint. It reinforces our commitment to Make in India as well. from local suppliers, geographically nearest to our manufacturing facility. Almost enre sourcing work is done from the country with a very small percentage of input being procured from overseas. An analysis of the top 10 suppliers as per monetary value for each business shows that on We do not compromise on quality standards. Some an aggregate basis, 100% of our requirement was sourced locally. of the aspects which enable us to idenfy and empanel our suppliers across the region include: Purchases Ÿ Capability, performance and on-me Purchases from Local Percentage delivery Total from Top 10 Suppliers of Local Purchases Suppliers (within Top 10) Suppliers Ÿ Compliance on environment, health & (INR million) (INR million) (INR million) (within Top 10) safety guidelines Auto Division ,. , , % Ÿ Readiness to parcipate in sustainable Swaraj ,. ,. ,. % supply chain management programme Farm Division ,. ,. -,. % Ÿ Total cost

FINANCIAL IMPLICATIONS OF CLIMATE CHANGE

Climate change and changing weather paerns can accelerate the frequency of pandemics and therefore can have a huge financial implicaon on our businesses and economy. Integraon of sustainability and climate change into our business connues to be a focus, and both have been incorporated into our risk management process, ensuring connuous management and evaluaon at the highest levels.

SCENARIO PLANNING - What's in store for the future?

We recently addressed climate change risks and opportunies through a scenario planning exercise. This was based on a key assumpon that by 2030 global emissions needs to be restricted such that global temperatures rise is below 2 degrees Celsius.

The exercise brought together broad, cross- The group considered four different scenarios in a 2-degree warmer world and walked funconal teams: strategic, sustainability, public through a three-step process. advocacy, R&D and business intelligence. These teams reviewed the risk of climate change to Explore our business as per a 2°C pathway through various uncertainties lenses Regulaons, Legal, Market, Reputaon, Physical, Upstream and Downstream Risks. Dene success in The aim of this exercise was to develop and this future world understand a range of different world scenarios; idenfying risks, opportunies and success Determine what M&M factors for Sustainable Development; and make should be doing now recommendaons for M&M to to inuence the future analyse | prepare | adapt | act MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 20

Some of the scenarios The exercise helped to clarify This exercise also enabled us considered within the vehicle risks but also highlighted to understand financial market include: opportunities, many of which implication of some of the are already well underway crucial risks and opportunities Ÿ It was assumed that new passenger at M&M today to business, like - & commercial vehicles would be required to make faster and greater Ÿ Adapng new business models Ÿ Vehicle electrificaon on changes in fuel use and shi to aggressively, which is evident in market share alternave fuels GLYD’s push to commercialise shared Ÿ Transion from BS4 emission norms Ÿ mobility and to experience the EVs, Significant changes in the vehicle to BS6 norms ownership paradigm for adopon in the near future Ÿ Ÿ Monsoon and vehicle sales Ÿ A decline in the proporon of single- Responding to Government of India's person vehicle miles ambious plans to have 40% EVs by 2030 & ongoing FAME-II scheme for Scenario planning underscored the Ÿ Impact of physical risks and mass adopon for EVs reality that the need to limit global specifically impact of errac warming is influencing consumer Ÿ monsoon on business A mix of EVs is required to meet the choices and brand percepon today. future Indian standard This made us think like a market entrant.

OTHER KEY INITIATIVES

Climate change concerns also are likely to drive new policy and regulaons, as well as polical and economic pressures to reduce emissions throughout the manufacturing value chain. And, the exercise validated the need for M&M to connue to develop and sustain a comprehensive climate change strategy. Our operaons are highly vulnerable to climate change and unpredictable weather, especially being in the manufacturing and agricultural sectors. The implicaons dependence on monsoon, rising energy costs, restricted access to raw materials like water and changing consumer preferences etc. pose serious threats to the sustainability of our business.

Since 2018, we introduced more than M&M is the pioneer in bringing EVs to We implemented a carbon price of the Indian market, resulng in 4 new all-electric $10 per ton of CO2 14,000 EVs sold emied, and we are invesng these vehicles in India, in the reporng period, pung us on the resources to increase the share of based on what we have learned from path to meet future India's emissions Renewable Energy and to innovate developing the e2O EV. regulaons. technologies and processes to increase energy efficiency.

Carbon Neutral by 2040

Mahindra as a group, is commied to becoming Carbon Neutral by 2040 through energy efficiency, renewable energy, and sequestraon by tree plantaon. The Company has revised its Sustainability Roadmap and targets have been set to reduce carbon emissions, water consumpon, increase in the use of renewable energy, enhance recycling of waste, and offseng the residual emissions through carbon sinks.

Energy Savings Water Savings Waste Reduction

Ÿ Energy efficient air condioning system Ÿ Use of ETP/STP/RO treated water for Ÿ Total 4 locaons cerfied for Zero gardening, cleaning and process Waste to Landfill in the year Ÿ Intelligent flow controller system to applicaon reduced compressed air consumpon Ÿ Reusing paint sludge as an input Ÿ Rainwater harvesng for ground water material for the cement industry Ÿ Installed Energy Efficient motors recharge replacing convenonal motors Ÿ Reducon in packaging waste, replacing Ÿ Water aerators for opmum water flow corrugated boxes with plasc bins EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 21 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Carbon Neutral Plants

We are focussed on achieving our commitment to becoming Carbon Neutral by 2040. Carbon neutrality plans are approved by eight group companies.

Mahindra & Mahindra Ltd. Swaraj Engines Ltd.

Tech Mahindra Ltd. Mahindra Logistics Ltd.

Mahindra & Mahindra Mahindra Holiday & Financial Services Ltd. Resorts India Ltd.

Gromax Agri Mahindra First Choice Equipment Ltd. Services Ltd.

Through the work we are doing on carbon neutrality we are not only responding on the climate change Mr. Anirban Ghosh challenge, but our work also results in improved Chief Sustainability Ofcer Mahindra Group efciency, innovation and more importantly, delivers on the business case for sustainability.

Science Based Targets Energy Productivity

We are also commied to the Science Based Mahindra & Mahindra Ltd. and Mahindra Holidays are among the first in the world to have Targets (SBT) iniave to de-carbonise our signed the EP100 Cooling Challenge and are focussing on improving energy efficiency of HVAC growth and thus, contribute to keeping the (heang, venlaon and air condioning) systems. Mahindra has doubled the energy global temperature rise below 2°C as per the producvity of the automove business almost 12 years ahead of schedule. The farm equipment Paris Accord 2015. We connue to invest in business is also ahead of schedule in achieving its goal and is more than half-way there. various energy efficiency programmes abiding by our commitment towards the internal carbon price of USD 10 per ton of carbon emied.

Our 14 facilities have been certied as Zero Waste to Landll Mahindra Heavy Engines Ltd. (MHEL) became India's 1st and the world's 3rd manufacturing unit to double its energy productivity from a 2016 baseline, in a record time of four years, much ahead of its target. This is aligned to the company's 'EP100 Programme' commitment in alliance with The Climate Group. CORPORATE GOVERNANCE

For an organisation's long-term growth, Being transparent is a choice we made, even when we were not mandated to do effective corporate governance is an so. For instance, we have been reporng back to our shareholders on corporate imperative. Apart from ensuring the efcient governance, long before the law made it mandatory. We have instuonalised functioning of an organisation, it fosters a the highest benchmarks of corporate working and behaviours in our processes. culture of transparency which leads to a strong and balanced sustainable growth. We have put in place clearly dened Our philosophy on corporate governance stems from our resolute commitment to PRINCIPLES | POLICIES | PROCEDURES protect stakeholder rights and interests, RESPONSIBILITIES | ACCOUNTABILITIES proactively manage risks, and create long-term value. It is our robust corporate governance along with world-class products and We have arculated our corporate governance policies and established unparalleled service, that has enabled us to structures like the corporate governance council to ensure that all governance issues are effecvely and transparently addressed. earn the trust of our employees, customers, business partners and all other stakeholders, We place great emphasis on empowerment, integrity and safety of our attract and retain nancial and human capital, employees, maintaining a diverse and vibrant work environment, and and maintain social and relationship capital. upholding transparency in all our dealings.

GRI 102-16, 102-18 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 23 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

We follow UNESCO's denition of Governance - it refers to the structures and processes that ensure accountability, transparency, responsiveness, rule of law, stability, equity and inclusiveness, empowerment and broad-based participation.

Our governance efforts have paid off sustainably, not just in financial value, but also in delivering on intangibles such as increased reputaon and goodwill. Mahindra & Mahindra Ltd. has also been proacvely complying with regulatory requirements. Out of 13 members on the M&M board, 7 are independent directors, which is approximately 54% of the strength of the board. The Audit Commiee of Mahindra & Mahindra Ltd. was constuted in 1987, which was 17 years before regulaons made it mandatory. We have been spending 1% of our net profits on CSR since 1995, much before the Companies Act 2013 made it mandatory.

SHAREHOLDER VALUE

At Mahindra & Mahindra Ltd., we recognise that business pursuits impact the environment and community. Hence, while we take proacve measures for value creaon and to safeguard the interests of our shareholders, we ensure it does not come at the expense of the environment and community.

Apart from sharing the value, we also empower our shareholders with the knowledge of how we create, sustain and enhance value by ulising financial, manufactured, intellectual, human, social and natural capitals.

We have interacve plaorms in place, where we share our performance and progress, while solicing pointers and perspecves. These lead to possibilies and plans that result in increased shareholder value, as well as trust.

GRI 102-16, 102-18, 405-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 24

GOVERNANCE FRAMEWORK

The purpose of Mahindra's governance framework is to provide prudent management and oversight of business to protect the interest of all the stakeholders. It brings all our businesses, subsidiaries, associates and joint ventures under its ambit and firmly insls the Group's objecves in everyday operaons. The framework includes comprehensive monitoring of the progress and spearheading operaonal excellence across vercals.

Board of Directors

Mahindra fosters a culture in which high standards of The Execuve Chairman of Mahindra & Mahindra Ltd., though a Professional Director in his individual capacity, is a Promoter, and the number of Non-Execuve and Independent Directors is more than one half of the total number of Directors. Mr. Anand G. Mahindra, Execuve Chairman, and Dr. Pawan Goenka, Managing Director are the Whole-me Directors of Mahindra & ETHICAL INDIVIDUAL TRANSPARENT Mahindra Ltd. The remaining Non-Execuve Directors, comprising BEHAVIOUR ACCOUNTABILITY DISCLOSURE eight Independent Directors including two women Directors and one Non-Independent Director, are highly renowned professionals drawn are ingrained in all our business dealings and shared by our Board of from diverse fields, possess the requisite qualificaons and Directors and management. The composion of the Board of experience which enable them to contribute to our growth and Mahindra & Mahindra Ltd. is in conformity with Regulaon 17 of the enhance the quality of the Board's decision-making process. Lisng Regulaons.

Board Committees

We have established systems and procedures to ensure the Board is well informed and equipped to carry out their responsibilies and can provide the strategic direcon needed to create long-term value. The Board commiees have been instuted for members to understand their individual responsibilies and for the Board to organise itself and perform the necessary tasks effecvely. At Mahindra & Mahindra Ltd. these commiees ensure implementaon, streamlining and monitoring, and giving appropriate direcon to the day-to-day working of the companies.

Audit Risk Management Committee Committee

Governance Corporate Social Remuneration and Responsibility (CSR) Nomination Committee Committee

THE BOARD'S CURRENT COMMITTEES

Share Transfer and Research & Shareholders/Investors Development Committee Grievance Committee (a voluntary initiative of the Company)

Loans & Investment Strategic Investment Committee Committee (a voluntary initiative (a voluntary initiative of the Company) of the Company)

For more informaon on each commiee, roles and responsibilies of the directors and the members, please refer page 73-74 of our Integrated Annual Report F20. GRI 102-16, 102-18, 405-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 25 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

PURPOSE AND VALUES

Core Purpose Core Values Code of Conduct

To challenge convenonal thinking and Our core values inspire us to enable the The Code of Conduct (CoC) clarifies an innovavely use all our resources to world to Rise and lead by sustainability organisaon's mission, values and principles, drive posive change in the lives of our on social, economic, and environmental linking them with standards of professional stakeholders and communies across fronts. They are an amalgamaon of conduct. Ethiquee, our Code of Conduct, is the world, to enable them to Rise. what we have been, what we are and our central policy document which is what we connue to be. benchmarked with the best in business. It outlines the principles that every single Our core values include: person working for and with the Company, must comply with, regardless of locaon. In addion, individual business units issue policies that provide more specific guidance about certain business pracces. The Code Professionalism of Conduct is circulated annually to all employees online across the Group and is a mandatory document. Our Code of Conduct is also applicable to our suppliers and partners and is available online.

The CoC enables Good Corporate EFFECTIVE STAKEHOLDER Citizenship ENGAGEMENT FASTER AND FAIRER DECISIONS TRANSPARENT AND UNAMBIGUOUS PROCESSES Customer First A PROFESSIONAL AND ETHICAL CONDUCT

It underlines our responsibilies to our people, partners and shareholders, as well as mandates us to:

Quality Focus Ÿ Behave in an ethical manner, take pride in our acons and decisions

Ÿ Comply with the principles and rules in our Code, and fulfil our Dignity of the legal and regulatory obligaons Individual Ÿ Seek guidance wherever required, if we feel a working pracce is not ethical or safe

Ÿ Report non-compliance or breach of our Code immediately

For more informaon on implementaon of the Code of Conduct, please refer to our Integrated Annual Report F20.

GRI 102-16, 102-18 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 26

POLICIES

Our policies are outcomes of our commitment Business Anti-corruption Policies to our core values and guide us in our day-to- day operaons and governance. They Responsibility Policy and Procedures connuously evolve with prevailing regulaons We abide by an all-embracing Business At Mahindra & Mahindra Ltd., we have zero and by interacons with stakeholders. Responsibility policy incorporang economic, tolerance against any kind of corrupon and A snapshot of our policies: social and environmental accountabilies of strict acon is taken against anyone found business as approved by our Board CSR indulging in such unprincipled acts. Commiee. It is formulated in alignment Corporate Governance and Business Ethics Corporate Communicaons | with the nine principles of Business are an essenal part of our inducon process Disaster Management | Employee Responsibility, required by SEBI as per Clause and an integral part of our Code of Conduct. Relaons | Environment and 55 of the Lisng Agreement. Polluon | Capital Budgeng | All employees are expected to exhibit the Corporate Finance | Quality | highest level of integrity in every sphere of For more informaon on what this policy acvity. Corporate Representaon in Trade & covers, please refer to page 208 to 223 of our Industry Forums | Dealing with Integrated Annual Report F20 Dealers and Customers | E-business Security | Insider Trading | Intranet Usage | Investor Grievances | Investor Relaons | Safety & Occupaonal Health | Human Resources | Sexual Harassment | Trademarks | Suppliers and Vendors of Services & Products | Green IT Guidelines | Green Supply Chain Management

COMPLIANCE

Compliance is non-negoable at Mahindra. Regulatory Compliance e-Cockpit Portal for Our compliance commiee ensures that all Regulatory Compliance regulaons are respected, in leer and spirit. We strictly adhere to all the regulatory laws, Being a global company, we abide by all guidelines and specificaons relevant to our With the objecve of further improving our internaonal and naonal laws and uphold business. Our audit commiee ensures strict compliance processes, we have created the standards of transparency and adherence and regulatory compliance e-Cockpit, an electronic plaorm, through accountability. through the year. In case any related which various stakeholders such as We incurred no fines from any regulatory observaons are made, they are immediately shareholders, board of directors, key authority for non-compliance of laws and brought to the noce of the site senior managerial personnel and other stakeholders regulaons in the reporng period. management and necessary correcve can interact, within the overall regulatory acons are executed. Regulatory compliance framework. The portal will provide is periodically reviewed by the Group informaon that is required for various Execuve Board (GEB). stakeholders to ensure their compliance.

PUBLIC POLICY AND ADVOCACY

Businesses flourish in a sound legal and regulatory environment. For such an environment to emerge, it is important that Mr. Anand Mahindra Dr. Pawan Goenka the private sector parcipates in the policy Execuve Chairman Mahindra & Mahindra Ltd. Managing Director - Mahindra & Mahindra Ltd. making process. As one of the biggest automove Dr. Anish Shah Mr. Shriprakash Shukla manufacturers in India, Mahindra & Deputy Managing Director Group President Mahindra serves as a unified voice for the and Group CFO (Agri, Aerospace, Defence & Steel Sector) Chairman Group Sustainability Council industry to help the government shape beer policies.

For more informaon about the memberships of our execuve members in various organisaons and GRI 102-12, 102-13, 102-18, 205-2, 307-1 instuons, please refer to page 5 and 6 of our Integrated Annual Report F20 SUSTAINABILITY AND US

Today, long-term business sustainability can only be business and growing because of it. We work to drive achieved by sustainable business practices. Creating true positive change in the lives of our stakeholders by alternatives to meet the rising demand for sustainable addressing the needs of our customers, enabling the solutions requires us to alter the way we think about aspirations of our people, building the communities we're sustainability. At Mahindra and Mahindra Ltd., not only a part of, adhering to the laws of the land and nurturing do we acknowledge the need for environmental action, the planet we live in. With sustainability at the core of all but we also recognise the value of embedding it into our our actions, we empower everyone to Rise.

At the core of all our actions is sustainability, empowering everyone to Rise. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 28 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

SUSTAINABILITY STRUCTURE

When it comes to Sustainability, M&M Ltd. employs a top-down approach to entrench its values deep within the organisaon. We are commied to translate strategic vision into on-ground acon along with effecve measurement and transparent disclosure of all intervenons.

BOARD COMMITTEE FOR CORPORATE SOCIAL RESPONSIBILITY Set direcons for promong the CSR agenda for M&M Ltd. and all Group Companies

CSR COUNCIL SUSTAINABILITY COUNCIL Approves and monitors spends of philanthropic acvies/ Approves new iniaves and monitors progress of projects as per the mandate from the Board Commiee integraon of the ESG parameters in business and operaons

GROUP SUSTAINABILITY CELL Management of large and long Management and term projects through the various coordinaon of Drives sustainability through awareness and foundaons across the Group employee volunteerism knowledge building across the Group Supports individual businesses in integrang sustainability For more informaon on our Governance Structure for Sustainability, in strategic business processes and operaons visit our previous Sustainbility Report. hp://www.mahindra.com/How-We-Help/Environment/Sustainability-Reports Makes all external disclosures

SUSTAINABILITY CHAMPIONS Located at all plants/offices to locally drive and monitor various iniaves and collect data for reporng MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 29

SUSTAINABILITY ROADMAPS

From guidance on strategies to granulised targets, sustainability roadmaps are instrumental in integrang sustainability goals across our businesses as well as our supply chain, to create value for our stakeholders. The Sustainability Roadmap 2022 specifies the next steps in our sustainability journey.

Sustainability Roadmap 2022

Stakeholder Engagement - AFS Suppliers

Commitment Metrics 2019-20 F20 Actual 2020-21 2021-22 Responsibilies

SUSTAINABILITY Nos. w.r.t FY19 Training through AWARENESS E-learning 249 300 Suppliers 450 Suppliers SSU NO. OF FUNCTIONAL (Cumulave) (40 dealerships) TRAINING

SUSTAINABILITY 50+ Suppliers ASSESSMENT & Nos. (Devise Online 98 75 Suppliers 90 Suppliers AD CDMM/ IMPROVEMENT Assessment System) FD SCM FOR AFS SUPPLIERS

REDUCTION OF CARBON 5% Reducon YoY 3% Reducon YoY 3% Reducon YoY FOOTPRINT

No. of Energy Audits 40 43 70 100 External agency Nos. Plant/ No of projects 10 Projects 47 Projects 30 Projects 50 Projects Hub SCM implemented

Total Renewable Energy 5MW 6.1MW 5MW 5MW

REDUCTION OF WATER FOOTPRINT

5% Reducon at 5% Reducon at Specific Water 5% Reducon YoY 2.3% % 50 Suppliers 70 Suppliers Plant/ Hub SCM

Rain Water 5 Projects 10 Projects 20 Projects Harvesng Projects

WASTE REDUCTION IN SUPPLY CHAIN

Zero Domesc AD: 91%, % w.r.t FY16 100% 100% 100% Plant/ Wood Waste FD: 100% Hub SCM

Corrugated Boxes AD: 24%, 40% FD: 40% 50% 60%

REDUCE SCOPE 3 EMISSIONS

% w.r.t FY19 Plant/ Hub SCM Reducon in Logiscs Emission AD: 13% (Inbound & 10% FD: 14% 20% 30% Outbound) EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 30 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Roadmap Swaraj Manufacturing (Planet)

Commitment Metrics 2019-20 2020-21 2021-22 Responsibilies F-20 Status

CARBON NEUTRAL % 20% 30% 40% 15%

% RENEWABLE % of Total Power 2% 3% 4% 0%

WATER NEUTRAL % 20% 30% 35% Mfg Plants - 17% CMD/Plant Sustainability Champion/AFS ZERO WASTE TO Sustainability LANDFILL - No. of Plants 1 (Swaraj 2) NIL NIL Swaraj 2 Done CERTIFICATION

NON-HAZARDOUS WASTE - REDUCE Kg/Eq Tractor 5% < F19 10% < F19 15% < F19 21.68% & RECYCLE

REDUCTION IN Admin/Plant PAPER % Reducon 10% < F19 20% < F19 30% < F19 Admin/AFS 24.44% CONSUMPTION Sustainability

INJURY Safety Dept REDUCTION % Reducon 10% < F19 15% < F19 20% < F19 32%

Roadmap AD Manufacturing (Planet)

Commitment Metrics 2019-20 F20 Actual 2020-21 2021-22 Responsibilies

CARBON NEUTRAL % 20% 19% 32% 40%

% RENEWABLE % of Total Power 11% 9% 13% 15%

WATER NEUTRAL % 40% 36% 45% 50%

ZERO WASTE TO 2 (Tool & die shop 2 (Tool & die shop 2 (Nasik 1 and LANDFILL - No. of Plants and MHEL) and MHEL) MVML) 1 (Kandivali) CERTIFICATION

Hazardous Waste Recycle % 60% 75% 70% 80%

Hazardous Waste Recycle Kg/Eq Vehicle 5% < F19 0.10% 8% < F19 11% < F19

REDUCTION IN PAPER % Reducon 10% < F19 9% 20% < F19 30% < F19 CONSUMPTION

INJURY REDUCTION % Reducon 10% < F19 53% 20% < F19 30% < F19 Plant to decide MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 31

Roadmap FD Manufacturing (Planet)

Commitment Metrics 2019-20 F20 Actual 2020-21 2021-22 F20 Status

CARBON NEUTRAL % 25% 19% 32% 40% Mfg Plants - CMD/Plant Sustainability Champion/AFS % RENEWABLE % of Total Power 14% 13.98% 17% 19% Sustainability

WATER NEUTRAL % 40% 38% 45% 50%

NON-HAZARDOUS WASTE - REDUCE Kg/Eq Vehicle 10% < F19 3.85% 15% < F19 20% < F19 & RECYCLE

REDUCTION IN Admin/Plant PAPER % Reducon 20% < F19 6.76% 30% < F19 40% < F19 Admin/AFS CONSUMPTION Sustainability

INJURY Safety Dept REDUCTION % Reducon 30% < F19 183% 40% < F19 50% < F19

Roadmap Employees and Community of AFS

Commitment UOM 2019-20 F20 Actual 2020-21 2021-22 Responsibilies ENGAGING STAKEHOLDERS IN SUSTAINABILITY DRIVE

MCare survey LEADERSHIP IN % of deferred for this Capability SUSTAINBILITY - Improvement 4.34 year due to 4.36 4.38 Building MCARES SCORE COVID-19

SUSTAINABILITY Sector & Plant REFRESHER & 50% coverage 50% coverage 100% coverage Refresher ER/Plant HUMAN RIGHTS % (0.5 mandays/ (0.5 mandays/ (cumulave) Training Sustainability TRAINING TO person/year) person/year) Champion ASSOCIATES

MAKING SUSTAINABILITY PERSONAL Ÿ Sustainability Engagement Compeon (theme Sector & Plant based) - 2nd October No. of ER/Plant Stakeholders 1 lakh 60,284 1.5 lakh 2 lakh Sustainability Ÿ World Environment Champion Day - 5th June Ÿ Earth Day - 22nd April Ÿ World Water Day - 22nd March

Employee Wellness

41% Employees IMPROVEMENT IN % of 10% Improvement Showing Health HEALTH INDEX OF Improvement in Employee Health Index 10% 10% OHC EMPLOYEES Index Improvement

GREEN BUILDING Green Building - Green Building - Green Building - CERTIFICATION Green Building - AD Zaheerabad, Nashik-1, AD Swaraj Pl-1, 2 MHEL Haridwar Ÿ Green Building Nos. Nashik Pl-2, AD Green Company Admin Ÿ Zaheerabad, MVML Green Company - Green Company - - AD Haridwar Green Company MVML AD Zaheerabad EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 32 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Roadmap Employees and Community of AFS

Commitment UOM 2019-20 F20 Actual 2020-21 2021-22 Responsibilies ENGAGING COMMUNITY IN SUSTAINABILITY DRIVE Social Responsibility

TREE PLANTATION No. of Trees FOR CARBON (cumulave) 1.00 1.36 lakh 2.0 3.0 CSR NEUTRALITY

RENEWABLE (SOLAR/WIND) VILLAGE Capacity in KW ELECTRIFICATION 15KW 25KW 15KW 15KW CSR FOR CARBON NEUTRALITY

SUSTAINABILITY POLICIES

For more details refer to our website hps://www.mahindra.com/investors/reports-and-filings?year=2019-2020&category=Sustainability%20Policies&=tabs-1#show-reports MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 33

REPORTING PROCESS

REPOR T CONTENT AND TOPIC BOUNDARIES

The reporng period of M&M Ltd. for its 13th Sustainability Report is 1st April 2019 to 31st March 2020. As menoned in our first Sustainability Report in FY 2007-08, we remain commied to report our triple boom line performance on an annual basis. This year we have updated the structure of the report to make it more materiality centric.

For this Report, we have followed the Global Reporng Iniave This report includes (GRI) Sustainability Reporng Standards. The most widely adopted non-financial reporng framework in the world, the Ÿ Mahindra & Mahindra Ltd. | Automove Division (AD) Sustainability Reporng Standards are used to help Ÿ Mahindra & Mahindra Ltd. | Farm Division (FD) communicate sustainability performance and encourage transparency and accountability. Ÿ Mahindra & Mahindra Ltd. | Swaraj Division (SD) Ÿ Swaraj Foundry Ÿ EHOLD Nashik Plant 2 K ER TA S S Ÿ Spares Business Unit (SBU) UM EES H AN Y R Ÿ Mahindra Research Valley (MRV) O I L G P H Ÿ Division (MTWD) T

M S E Ÿ Corporate Centre - Mahindra Towers | Worli (CC) EN This year, too, IR E O L the Report is aligned N C

Y with the nine principles M Report Scope Limitations

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of Ministry of Corporate N

F

T I L Affairs' Naonal Voluntary This Report is India-centric and excludes: Guidelines (NVG) on Ÿ Internaonal operaons social, environmental and economic responsibilies Ÿ Businesses which were acquired or commenced operaons of business. in FY 2019-20 Ÿ Companies/plants/locaons of manufacturing sectors Ÿ SsangYong Motor Company Ltd. Ÿ Swaraj Engines Ltd. Ÿ Gromax Agri Equipment Ltd. Ÿ Mahindra USA Inc. Ÿ Mahindra Yueda (Yancheng) Tractor Co.

This Report has been externally assured by KPMG, India. For the Materiality Disclosures Service, GRI Services reviewed that the GRI content index is clearly presented and the references for Disclosures 102-40 to 102-49 align with appropriate secons in the body of the report. ‘This report has been prepared in accordance with the GRI Standards: Core opon’.

Your valuable feedback and suggesons are solicited to Locaon of the organisaon's headquarters: sharpen our efforts and improve our report. Please spare a few minutes to share your insights email your feedback to MAHINDRA & MAHINDRA LIMITED [email protected]. Gateway Building, Apollo Bunder, Mumbai 400 001 11 SECTORS. 22 INDUSTRIES. 150+ COMPANIES

GRI 102-3, 102-5, 102-45, 102-46, 102-50, 102-53, 102-54 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 34 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

STAKEHOLDER

ENGAGEMENT GRI 102-40

As an organisaon driven by people, we realise the value of forging meaningful connecons with people. Reaching out to our diverse stakeholders with vibrant channels of communicaon helps us to create a mutually beneficial relaonship. We are constantly developing our mechanisms to understand stakeholder expectaons and communicate our approach. It is a crucial exercise that helps shape strategies, execute plans, enhance performance, and amplify value.

LIST OF STAKEHOLDER GROUPS ENGAGEMENT CHANNELS FREQUENCY

GOVERNMENT/ Ongoing/ Environmental compliance, policy intervenon REGULATORY AUTHORITIES as required

Conferences, workshops, publicaons, newsleers & reports, Ongoing/as per EMPLOYEES online portals, feedback surveys and one-on-one interacons, CSR calendar employee involvement in CSR acvies

Interviews, personal visits, publicaons, mass media & Ongoing/as & CUSTOMERS digital communicaons, feedback camps, plant visits and when required support programmes

Supplier & vendor meets, workshops & trainings, audits, policies, As per the audit SUPPLIERS & DEALERS IT-enabled informaon sharing tools, and recognion plaorms schedule/ongoing

INVESTORS/ Annual report, sustainability report, press releases, investor Annual/Ongoing SHAREHOLDERS presentaons, corporate website, quarterly and annual results, ESG calls

As per CSR LOCAL COMMUNITIES CSR acvies calendar

EDUCATIONAL INSTITUTES/ Technical collaboraons, capacity building, research Ongoing UNIVERSITIES

EMPLOYEES

Strategic engagement inspires ownership among employees as they become more aligned to the organisaonal goal. They are also likely to be more producve, sasfied and movated towards work. At M&M Ltd., we not only share our vision and roadmap with our employees, but also listen to their aspiraons and expectaons. Some of our key iniaves to engage with our employees include:

Annual Sustainability Summit

The Annual M&M Sustainability Conference 'SUSTAIN 2019' was organised on 20th December 2019 at MITC, Kandivali by M&M Sustainability Team on the Naonal Energy Conservaon Week (14th- 20th December 2019). More than 50 Sustainability Champions along with their teams from 15 locaons, parcipated in this event. The conference commenced with the Case studies of the Best Energy Efficient Projects, followed by the launch of an E-learning module on Energy Management by Mr. Sunil Kulkarni, VP Manufacturing Operaons AD Kandivali, and release of SBTi targets of Energy 4.O by Chief of Manufacturing Operaons and ED & CEO- MVML, Mr. Vijay Kalra. They also shared key insights on Sustainability Iniaves & Science Based Targets and its significance. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 35

Sustainability Champions' Meet Opening up a 'World of SUVs'

The Group Sustainability team organised two conferences on Leveraging technology to re-imagine the purchase and ownership sustainability for FY 2019-20, where champions of group companies experience, M&M Ltd. has just launched its next-gen 'World of gathered at , Bengaluru and AS Igatpuri on 9th-10th SUVs' dealerships. Offering a mix of the virtual and real world, the September 2019, and 24th-25th February 2020 respecvely. new 'World of SUVs' takes buyers through a digital journey from pre- Providing a plaorm to share sustainability projects of their purchase all the way to ownership. The premium dealership comes businesses with others, both conferences aimed to equip with Wi-Fi connected customer lounges, a display area with a Virtual Sustainability Champions with the latest know-how on sustainability, Reality (VR) experience, 86-inch screens to display various features, recent trends and latest best pracces. Such conferences enable our trained relaonship managers for a personalised experience and a businesses to improve their efforts, implement and fulfil merchandise, and accessories zone. internaonal commitments on Carbon Neutrality and Science Based Targets (SBTs). It also helps strengthen the overall performance of the business with respect to sustainability. The conference was aended by Auto Sector, Farm Sector, Spares Business Unit, Mahindra (Electric, Susten, Finance, Accelo, Lifespaces, and Holidays), Tech Mahindra, Growmax Agri Equipment, and the Group Sustainability team.

To know more about iniaves taken towards our employees refer to Health & Safety secon of the report.

CUSTOMERS

Our goal is to delight our customers with the best of everything we have to offer. We engage with them on a regular basis to understand Engaging stakeholders their expectaons, examine their feedback and address their needs. in sustainability drive - The more we engage, the more we understand. Influencing the Agri Influencer Some of our key iniaves to reinforce customer engagement include: Mahindra's Farm Equipment Sector recently invited influenal YouTubers to visit the company's Zaheerabad plant in , India. Most of these influencers are second and third generaon XUV 300 Goes Automatic farmers, who have moved beyond farming as their primary occupaon, to educang fellow farmers about best-pracces related Mahindra Automove launched the new Automated Manual to farming. The videos produced by them are viewed by large Transmission (AMT) version of its popular compact SUV, the XUV300 secons of the farming community, that looks up to them to be in three colours – Pearl White, Aquamarine and Red Rage making it educated about the latest trends in the agricultural sector. even easier to own and drive. With its autoSHIFT technology available on the W8 diesel variant, is available for display, test drives and immediate deliveries across all M&M Ltd. dealerships. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 36 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

SUPPLIERS Suppliers' Meet

Supplier Meet for Mumbai based suppliers was held at Kandivali A key element of our performance and our service is our synergy Plant to discuss Tractor Industry outlook for FY 2018-19 and M&M's with our suppliers. We focus on building good supplier relaonships journey towards global leadership. Suppliers were also informed by engaging with them in various ways and through mulple about the priories including TPM at supplier end, schedule on M- plaorms. To ensure a consistent and comprehensive approach across business units, we have arculated the following policies: setup and 100 % recycle packaging.

Supplier Code of Conduct hps://supplier.mahindra.com/Pages/CodeOfConduct.aspx

Sustainable Green Supply Chain Management and Procurement Policy hps://supplier.mahindra.com/Pages/sustainability.aspx

To know more about iniaves taken towards suppliers & vendors please refer to Sustainable Supply Chain secon of the report. Some of our key iniaves to reinforce supplier engagement include:

Farmer Felicitation at Sangli by DEALERS Mahindra Agri Solutions Ltd.

The Grapes Business Team of Mahindra Agri Soluons Ltd. Dealers and distributors are our last mile connecvity with our conducted a Farmer Felicitaon programme on 14th September customers. Our engagement with them posively significantly 2019 at Sangli, to appreciate their outstanding performance, influences their engagement with the end consumers. The enre exercise helps us understand customer needs as well as effecvely achievements, and contribuon of our grape growers in the field of communicate our viewpoint to consumers. Some of our key agriculture. About 400 farmers from Sangli, Barama, iniaves to engage with them include: Narayangaon, Solapur gathered to celebrate their long associaon with Mahindra Agri Soluons Ltd. and applaud those who have achieved significantly high standards of product quality with the high volume of exports to EU and new desnaons. Mahindra Hits a Century! The farmer felicitaon programme is conducted with a vision to share and transfer the latest agricultural technologies to small Within a short span of six months, the Mahindra Group has growers to improve producvity levels and thereby increase inaugurated its 100th standalone dealership for Small Commercial income levels. Vehicles (SCV). By creang well-planned facilies and an unmatched commercial vehicle range, we are strengthening its SCV sales network across the length and breadth of the country to deliver on our promise of customer centricity. Supplier Sustainability Meet

The Igatpuri Plant organised the sixth edion of the 'Supplier Sustainability Meet' at the Pentwyn Club. The meeng revolved around the importance of sustainability as a way of life and in the realm of business specifically. By presenng the sustainability journey of the Igatpuri plant, speakers urged supplier partners to embark on similar journeys. The event saw the parcipaon of 35 Suppliers, while 27 of them presented their iniaves on Sustainability. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 37

Digital Capabilities

We have successfully instuonalised analycs in the organisaon to enable data driven business decisions, to drive customer experience and to enhance employee value proposion. We are commied to embed predicve analycs and AI soluons across the enre value chain of business, from product development to manufacturing and go-to-market. We have also implemented a sales transformaon programme to enable the front facing dealer salesmen to priorise their sales efforts by picking up the high propensity leads, in turn driving beer conversions. The sales transformaon programme also generated significant incremental sales from exisng customers with 'Workshop as a Promoter' channel.

LOCAL COMMUNITIES

Fostering a posive ecosystem with our local communies not only provides us with the social license to operate but also generates societal prosperity. Through consistent engagement, we work to build an enriching and meaningful experience with our communies. With instuonalised mechanisms, we communicate with them, share their aspiraons, work together and connually strengthen our relaons. For more details please refer to the Social Performance secon of the report.

To know more about iniaves taken towards local communies please refer to CSR Management secon of the report.

ACHIEVEMENTS & RECOGNITION

Production Milestone Global Recognition for M&M Ltd.'s for Bolero Governance Standards

Launched in 2000, captured In recognion of the Company's culture, policies, relaonship with stakeholders, commitment 20% of the market and became India's No. 1 to values and ethical business conduct, M&M Ltd. has won the presgious Business Vision 'Best SUV within the first five years. The powerful Corporate Governance – India 2019' Award. Mahindra Bolero offers unmatched mileage and was crowned India's No.1 selling SUV for the 9th year in a row in 2015. Bolero has become a name synonymous with style and power. With a tough exterior customised to take on challenging terrains, and a powerful engine that surprises from the word 'go', Bolero recently crossed the 1.5 million producon milestone. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 38 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

MATERIALITY

At M&M Ltd., issues that have the biggest impact on stakeholders are of utmost importance and are considered as material issues. These issues range from social, economic to environmental concerns that could affect our ability to create value and go on to form the basis for our strategy and acon plan to Rise together. This way, our stakeholders can partake in the decision-making process which in turn builds trust and a lasng relaonship with our stakeholders. Materiality mapping requires collaboraon of all our stakeholders to influence key decisions by providing strategic insights. Determining these material issues is a step-by-step approach, starng with a detailed stakeholder engagement exercise, followed with a comprehensive materiality analysis, and finally dovetailing the insights to upgrade the roadmap. An efficient tool to introspect on our sustainability journey, we periodically (every three years) evaluate our material issues with our triple boom line in mind, and our constantly working on improving and enhancing our process of materiality idenficaon.

This year we revalidated our material issues internally by engaging with Senior Management, Employees, Suppliers, Dealers, Customers / Drivers, Community, Academics Government, Regulatory Authories, Industry Associaons, and Investors. The engagement mechanism included one-to-one interacon/ telephonic interacon, online survey, visits and email exchange with various stakeholders.

Our methodology included Capability Building Workshops and a feedback session with Group Sustainability. Aer benchmarking our issues with our peers, we prepared and priorised the updated Materiality Issues for Validaon. Next, we conducted one-to-one engagement with our Top Management and engaged with various stakeholders such as suppliers, dealers, customers, employee and our local community. This led to the development of the Final Material Assessment Matrix and helped us prepare the Strategic Roadmap for the company. At M&M Ltd., our key materiality issues are Carbon Emission, Water Security, Sustainable Supply Chain, Health & Safety, Product Stewardship, Waste to Wealth and CSR Management. The chapters further will elaborate more on acvies undertake by us for these issues. The sensivity of an issue to stakeholders and to company, in terms of importance, forms the basis of the materiality analysis, which in turn guides the processes for idenfying, managing and devising specific acon plans for addressing these material aspects.

GRI 102-42, 102-43 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 39

MATERIAL TOPICS - STAKEHOLDER-WISE

External Stakeholders

STAKEHOLDER KEY TOPICS AND CONCERNS RAISED

• Brand Image of Mahindra • Compeve Behaviour & Ethical Business Pracces • Employee Training & Development • Employee Aracon & Retenon SUPPLIERS • Product/Service Quality & Safety • Supply Chain Opmisaon/Management

• Brand Image of Mahindra • Customer Welfare & Sasfacon DEALERS • Product/Service Quality & Safety • Employee Training & Development

• Brand Image of Mahindra • Product/Service Quality & Safety • Procurement/Selling Pracces • Customer Welfare & Sasfacon CUSTOMERS • CSR Management • Fuel Efficiency • Product Design & Lifecycle Management

ACADEMIC • Product Design & Lifecycle Management • Energy Efficiency & Management PARTNERS • Fuel Efficiency • Product/Process Innovaon • Product/Service Quality & Safety

• Afforestaon/Biodiversity • Recyclable/Recycled Material/Circular Economy • Occupaonal Health and Safety • Community Engagement & Development NGOs • Water & Wastewater Management

Internal Stakeholders

STAKEHOLDER KEY TOPICS AND CONCERNS RAISED

• Occupaonal Health and Safety • Product/Service Quality & Safety • Customer Welfare & Sasfacon • Grievance Mechanisms • Sustainable Product Packaging & Labelling • Market/Product Compeon EMPLOYEES • Product/Process Innovaon • Renewables & Alternaves

• Supply Chain Opmisaon/Management • Climate Change and GHG Emissions • Waste & Hazardous Materials Management • Water & Wastewater Management

SENIOR • Digisaon/Industry 4.0/IoT • Energy Efficiency & Management MANAGEMENT • Risk Assessment & Compliance

GRI 102-44, 102-47, 103-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 40 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

MATERIALITY MATRIX (M&M) - BOUNDARY OF IMPACT

MATERIAL TOPIC BOUNDARY OF IMPACT

Occupational Health and Safety Internal and External

Product/Service Quality & Safety Internal and External

Climate Change and GHG Emissions Internal and External

Digitisation/Industry 4.0/IoT Internal

Brand Image of Mahindra External

Supply Chain Optimisation/Management External

Product/Process Innovation Internal & External

R&D Impetus Internal & External

Energy Efciency & Management Internal & External

Water & Wastewater Management Internal

Waste & Hazardous Waste Management Internal

GRI 103-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 41

AUTO DIVISION MATERIALITY MAP AND LIST

100%

42

28 25 11 3 19 90% 45 31 34 18 36 22 32 2 41 35 44 26 5 1 24 48 10 21 9 23 46 7 55 80% 14 29 30 17 39 20 33 eholder Concern

ak 53 43 St 13 16 12 27

70% 54 51 40 4 37 50 49 47 6 15 52 8 38

60% 70% 56 80% 90% 100% Business Priority

Business Environment Social

PARAMETERS OF HIGH IMPORTANCE (TOP QUARTILE) 1 Cost control and Profit Margin 9 End of Life Management 32 Customer Sasfacon 2 R&D impetus 21 Water Intensity 33 CSR Management 3 Fuel Efficiency 22 Energy Efficiency 34 Employee Producvity 5 Risk Assessment and Compliance 23 Recyclable/Recycled Material 35 Health and Safety 7 Market/Product compeon 24 Waste Generaon 36 Product Safety

10 Sustainable Mobility: Electric/Hybrid/H2 Vehicle 25 Climate Change and GHG Emissions 44 Training and Educaon 11 Product Quality 26 Tail pipe emissions reducon 48 Gender Diversity 18 Supply chain Opmizaon 28 Life Cycle Management 55 Grievance Mechanisms 19 Logiscs Opmizaon and Sustainable Logisc 20 Emerging Markets Needs

PARAMETERS OF LOW IMPORTANCE 6 Soluon Selling beyond Products 4 Renewable Energy 27 Arion 8 Integrated Sourcing 29 Packaging 31 Employee Capability (Agility) 12 Light Weighng 30 VOC Emissions in Paint Shop 37 Succession Planning 13 Green Dealers 38 Supplier Educaon 14 Modularity in design 39 Customer Educaon 15 Dealer Profitability 40 Traffic Safety 16 Sustainability IT Tool 41 Appeal to Customers 17 Product Obsolesce and Phasing Out 42 Talent Retenon 43 Dealer consistency (talent retenon) 45 Customers sasfacon with service 46 Urbanizaon and Labour Scarcity 47 Average age of plants 49 Brand Image of Mahindra 50 Social Media 51 Shared Value 52 Supplier Sasfacon (Forecast Accuracy) 53 Strong visionary goals on sustainability/strategic consideraon 54 Employer Aracon 56 Average age of plants EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 42 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

FARM DIVISION MATERIALITY MAP AND LIST

100%

36 25 13 90% 38 20 39 11 3 15 22 28 14 30 30 17 26 2 35 29 48 19 7 1 16 49 4 10 18 80% 8 45 12 23 33 27 eholder Concern ak St 43 37 47 21 32 70% 44 42 34 6 5 41 40

9 31

46 60% 70% 80% 90% 100% Business Priority

Business Environment Social

PARAMETERS OF HIGH IMPORTANCE (TOP QUARTILE) 1 Cost control and Profit Margin 17 Water Intensity 25 Customer Sasfacon 2 R&D impetus 18 Energy Efficiency 26 CSR Management 3 Fuel Efficiency 19 Recyclable/Recycled Material 27 Employee Producvity 4 Farm Tech Prosperity (Farmer Prosperity) 20 Waste Generaon 28 Health and Safety 7 Risk Assessment and Compliance 38 Climate Change and GHG Emissions 29 Grievance Mechanisms 8 Soluon Selling Beyond Products 39 Water Availability 30 Supplier Sasfacon/Relaonship 11 Product Quality 45 Training and Educaon 13 Soil Health 48 Gender Diversity 14 Supplychain Opmizaon 49 Talent Retenon and Succession Planning 15 Logiscs Opmizaon & Sustainable Logiscs 16 Dealer Management 24 Market/Product compeon

PARAMETERS OF LOW IMPORTANCE 5 Integrated Sourcing 47 Packaging 23 Brand Image of Mahindra 6 Dealer Profitability 31 Employee Capability (Agility) 9 Product Obselence and Phasing Out 32 Arion 10 Sustainable Mobility: Electric/Hybrid/H2 Vehicle 33 Appeal to Customers 12 Government Approvals 34 Dealer consistency (talent retenon) 21 Light Weighng 35 Talent Retenon 22 Modularity in design 36 Supplier Educaon 37 Customer Educaon 40 Average age of plants 41 Product Safety 42 Customers sasfacon with service 43 Average age of plants 44 Urbanizaon and Labour Scarcity 46 Traffic Safety WATER SECURITY

CARBON WASTE TO EMISSION WEALTH

OUR MATERIAL ISSUES

PRODUCT STEWARDSHIP SUSTAINABLE SUPPLY CHAIN

CSR MANAGEMENT

HEALTH & SAFETY EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 44 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

When nature is le alone as we witnessed during the pandemic, it has a remarkable ability to take care of itself. However, when businesses enter the picture and unscrupulously use the planet's finite natural resources, things change. They can deplete natural resources quickly, and without the applicaon of environmentally sustainability methods, long-term viability can be compromised.

At Mahindra, we believe in

M&M Ltd. received andl aree rconnsaistentvly losokming Bronze Class in DJSI's for responsible interaction (Dow Jones Sustainability Index*) Global Sustainability Yearbook 2020. with the environment to avoid depletion or degradation of natural resources with our *DJSI ranks more than 4,700 companies in the world and The Yearbook (annual) showcases the sustainability performance of the world's largest companies and includes the top 15% of companies in each industry, awarding the best performing firms with Gold, Silver or Bronze class medals.

CONSERVATION OF CONTINUOUS IMPROVEMENT COMPREHENSIVE 3Cs NATURAL RESOURCES TOWARDS REJUVENATION DISCLOSURES

ENVIRONMENTAL INVESTMENT

INR 107 million was spent towards environment protecon, which includes various iniaves. Amount (INR million)

17 20 STP/ETP Waste disposal/ maintenance treatment

5 8 Air emission Consent repeon/ monitoring renewal applicaon w.r.t. (stack and ambient) polluon control boards

3 2 Water quality External cerficaon of monitoring management systems

Total Environmental Expenditure INR 55 million MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 45

Mr. Anand Mahindra appointed as a board member of the United Nations Global Compact.

25,000+ employees were engaged under the Making Sustainability Personal (MSP) programmes across Mahindra Group.

KEY MATERIALITY ISSUES

We completed our materiality assessment this year. The key issues were idenfied by engaging with all internal and external stakeholders, and benchmarking with industry peers. Aer mapping, priorisaon, preparaon and validaon, the final materiality matrix emerged. The key material issues idenfied for environment included:

CARBON WATER WASTE TO EMISSION SECURITY WEALTH

These core issues were given due importance while formulang the sustainability strategy. We are commied to these issues and took iniaves with respect to each one of them. Some of the highlights pertaining to each issue is menoned in their respecve chapter.

The Earth Care Awards (ECA) recognised Mahindra and Mahindra Limited as a winner for our efforts to mitigate GHG emissions through carbon neutrality, energy efciency improvement, renewal energy, water positivity, zero waste to landll initiative. The ECA awards are given out for excellence in climate change mitigation and adaptation.

GRI 102-11, 103-2, 103-3 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 46 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

CALCULATING SPECIFIC CONSUMPTION

Our environmental performance is measured on absolute as well as specific basis. The specific consumpon is calculated by dividing absolute consumpon by a denominator based on the nature of business. For e.g., in the case of manufacturing business units, it is the number of units produced, whereas for services, it is the number of employees, or units of services offered, etc. The denominators for the companies or the sectors are delineated in the following table.

Business Unit of Measure Denominator

Change in 2019-20 over the 2016-17 2017-18 2018-19 2019-20 Previous Year

Automove Division Equivalent number , , , , -% (AD) of vehicles manufactured Farm Division + Swaraj Equivalent number , , , , -% Division (FD+SD) of tractors manufactured Spares Business Unit Ton of packaging , , , , % (SBU) material Swaraj Foundry Division Ton of producon , , , , -% (SFD) Nashik Plant Dies (NPD) Equivalent Dies % Mahindra Research Valley Full me equivalent , , , , % (MRV) employees Corporate Centre Area of facility , , , , % (CC) in sq. m. Mahindra Two-Wheeler Equivalent number DNA DNA , , %* Division (MTWD) of vehicles manufactured

DNA - Data Not Available *The increase is due to increased demand for Mahindra's Two Wheelers in 2019-20

AD Igatpuri plant was declared 'Sustainable Factory of the Year' at India Sustainability Leadership Summit 2019.

GRI 102-11 CARBON EMISSION

Carbon emissions contribute to climate MANAGEMENT APPROACH change, which can have serious consequences for humans and their environment. These carbon emissions At Mahindra, we reduce our carbon emissions by adopng cleaner and greener processes, raise global temperatures by trapping and increasing energy and resource efficiency, thus lowering the cost of fuel and electricity. solar energy in the atmosphere. This Increasing non-fossil fuel based renewable energy in the energy mix is another way of alters water supplies and weather decreasing the emissions. patterns, changes the growing season By connuously measuring, controlling and migang the emissions, we are consistently for food crops, and threatens coastal working to reduce our carbon footprint to reduce all the risks posed by it. 'Alternavism' led communities with increasing sea levels. us to set an ambious target to contribute our part in the global fight against climate change.

Mahindra as a Group is committed to becoming Carbon Neutral by 2040.

GRI 102-11, 103-2, 103-3 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 48 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

GRI 102-11, 305-1, 305-2, 305-4, 305-5

Featured in 25 events at COP25 (United Nations Climate Change Conference) in Madrid

M&M Ltd. became a part of the CDP Climate Change Rising Star 2019 List as it received A- Rating and entered the Leadership band in CDP Climate Change.

Mahindra Group featured at 38 events in The United Nations Climate Action Summit, New York

GREENHOUSE GASES

Total Absolute GHG Emissions In line with our SBT emission reducon roadmap, we have decided an emission 45,768 intensity reducon target of 4.1% year-on- 42,093 41,777 40,654 year for the next 15 years. This was used to derive the Scope 1 absolute emission Scope 1 reducon target for F20. For Scope 3, we (Direct reported only for 6 categories ll 2018-19. Emissions) From 2019-20, we have improved our

tCO2 reporng of Scope 3 to 11 categories, and hence the increase. Target 2019-20 | 41,722

226,950 234,351 211,958 199,767 We achieved our targeted emission reduction with a Scope 2 clear focus on increasing (Indirect the energy efciency and Emissions) the transition to renewable tCO 2 energy in our operations.

2016-17 2017-18 2018-19 2019-20 Target 2019-20 | 213,632

M&M Ltd. has reduced its total Scope 1 & 2 emissions by 14% as compared to previous year.

GHG Emissions - Division-Wise Composition tCO2

2016-17 2017-18 2018-19 2019-20 Sector Scope 1 Scope 2 Scope 1 Scope 2 Scope 1 Scope 2 Scope 1 Scope 2

AD , , , , , , , , FD+SD , , , , , , , , SBU , , , , SFD , , , , , , , NPD , , , , MRV , , , , , , , , CC DNA , . , , , MTWD , , , , DNA - Data Not Available MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 49

GHG Emissions - By Source tCO2 GHG Mitigation tCO2

Scope 1 - Direct Emissions Sector 2019-20

Source 2016-17 2017-18 2018-19 2019-20 AD , Diesel/HSD , , , , FD+SD , Furnace Oil NA NA NA SFD LPG , , , , NPD Natural Gas , , , , MRV Petrol , , CC Propane , , , , Total , Grand Total , , , , Scope 2 - Indirect Emissions Electricity purchased , , , , In the reporting year, Scope 3 - Other Direct Emissions our businesses together

categories ll - , , , ,, mitigated 9,812 tCO2 of categories from - GHG emissions.

11 categories considered for Scope 3 this year

Sr. No. Category No. Category Name Emission (tCO2) % share

Category Purchased goods and services ,, .% Category Fuel and energy related acvies , .% Category Upstream transportaon and distribuon , .% Category Waste generated in operaons , .% Category Business travel , .% Category Employee commute , .% Category Downstream transportaon and distribuon , .% Category Use of sold products ,, .% Category End-of-life treatment of sold products , .% Category Downstream leased assets , .% Category Franchises , .% Total ,, %

Total Specific Emissions (Scope 1 + 2) tCO2

% Reducon in 2019-20 Sector 2016-17 2017-18 2018-19 2019-20 over previous year

AD . . . . -% FD+SD . . . . -% SBU . . . . -% SFD . . . . % NPD . . . . % MRV . . . . -% CC . . . . % MTWD DNA DNA . . %

NA - Not Applicable DNA - Data Not Available GRI 102-11, 305-1, 305-2, 305-3, 305-4, 305-5 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 50 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

CO2 MITIGATION BY CASE IMPROVING ENERGY EFFICIENCY STUDY

CHALLENGE

Air-condioning is one of the major energy consuming ulies for any manufacturing industry. At M&M, it contributes nearly 20-25% of all electrical consumpon. Poor efficiency of more than 1400 old AC units presented us with a huge potenal for energy saving.

ACTION

We decided to replace the old air-condioners with energy efficient ones. The process we followed was: We partnered with EESL and replaced 1,020 ACs with inverter based ACs with Ÿ Market study and evaluaon of the best technology in ACs ISEER - 5.3 rang. Ÿ Ascertain the energy saving through a pilot study of selected technology Ÿ Prepare criteria for AC replacement programme and collate inventory OUTCOME Ÿ Budget allocaon (phased manner) Ÿ Product and service development with OEM/Supplier 3 2 By adopon of inverter-based air condioning 4

1 5 Ÿ Full scale implementaon system, we achieved:

Energy cost saving CO2 migaon £ Zero-star and Inverter-based 3.43 crore 3,312 Parameter three-star rated ACs ACs per annum (with tons CO2/ an investment of annum Energy efficiency rao . to . . INR 5.5 crore) Power rang , to , was , was Revenue generaon of INR 30 lakh from disposal of old ACs An inverter type air-condioner adjusts the speed of the compressor to control the refrigerant (gas) flow rate, thereby consuming less current and power. Brand enhancement

GRI 102-11 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 51

Science Based Targets

The Science Based Targets (SBT) iniave is a partnership between The Science Based Targets of M&M Ltd. have CDP, UN Global Compact, WRI and WWF, which helps companies been approved - Mahindra & Mahindra Ltd. determine how much and how quickly they need to reduce their commits to reduce Scope 1 and Scope 2 GHG greenhouse gas emissions, in line with the Paris Agreement's goal of liming global warming to well below 2°C above pre-industrial levels emissions 47% per equivalent product unit by and pursue efforts to limit warming to 1.5°C. 2033 from a 2018 base year. Mahindra & Mahindra Ltd. also commits to reduce Scope 3 Seng emission and carbon footprint reducon targets in line with GHG emissions 30% per sold product unit by climate science is a great way to future-proof growth for us. We are 2033 from a 2018 base year. also contribung our part in the global fight against climate change by taking on these targets as per the SBT framework.

THE IDENTIFIED RISKS

Ÿ Regulaons to electrify vehicles Climate Change Risk and Mitigation Ÿ Transion to shared mobility Ÿ Availability of water Climate risk refers to risk assessments based on formal analysis of the consequences, likelihoods and responses to the impacts of Ÿ Inability to upgrade to low carbon technology climate change. The impact will be felt across the world by every person and every organisaon at all levels, from strategic management to operaonal acvies. Integrang the risk in the risk register would enhance resilience to climate related disrupons and idenficaon of climate change related business opportunies, among other benefits. THE CLASSIFICATION OF RISKS At M&M, we have integrated the climate change risk in the risk register which includes idenficaon, classificaon and migaon. Climate Change Risks to business, which includes • Transion from ICE vehicles to EVs

• Transion to shared mobility Risk to Commitments, which includes

• SBT • Carbon neutrality

THE MITIGATION PLAN

Ÿ Define the risk impact area Ÿ Review internal and external root causes of the risks by risk owners on a quarterly basis Ÿ Monitoring of lead and lag indicators for each of the risks Ÿ Create and implement migaon measures to ensure the risks do not materialise

GRI 102-11 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 52 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Logistics and Reduction in Emissions

Security of supply and climate change are high on the global energy agenda. And the transport sector is no

excepon as virtually every means of transport by land, air and sea uses fossil fuels and thus emits CO2.

Energy consumption for transport purposes represents 20% of the world's total energy consumption.

At M&M, we are always looking for possibilities to mitigate the emissions. We reduce the emissions due to transportation by three methods:

LOAD CONSOLIDATION ROUTE OPTIMISATION ALTERNATE MODE

Ÿ By vehicle opmisaon Route opmisaon is achieved by various Alternate modes of transport, like (changing the vehicle or making methods, including a train instead of a truck modificaons), Ÿ vendor localisaon, to carry tractors or cars, considerably reduces the amount Ÿ more load per truck can be carried, Ÿ direct dispatches to the dealer of emissions. from the plant, Ÿ reducing the number of vehicles for the same load, Ÿ creang a cross dock, etc. corresponding decrease in emissions. This reduces the amount of fuel burnt, and corresponding decrease in emissions.

GRI 102-11 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 53

ENERGY

Energy saved reduces the cost as well as emissions. Enhancing the energy producvity of our processes and increasing the use of energy generated through non-renewable sources are the two ways in which we achieve conservaon. Asia Sustainability Reporting Awards Some of the methods to increase efficiency include increasing heat recovery, upgrading to Asia's Best Carbon energy efficient equipment, installing LED lights, Disclosure preparing for green building cerficaons, and monitoring energy efficiency of our major suppliers. Increasing solar and wind power HIGHLY COMMENDED capacies boost our green energy rao in the Mahindra & Mahindra Ltd., total mix. India SILVER 2019

Absolute Energy Consumption Investment made Annual savings Payback period 970,851 in million INR in million INR in years

662,752 236 125 1.88 Total 1,633,603 GJ 2016-17 Direct Indirect Total Energy Consumption by Source GJ

1,025,772 Energy Consumed % of Total Source (2019-20) Energy

677,501 Electricity purchased from grid , % Total LPG , % 1,703,273 GJ Diesel/HSD , % 2017-18 Natural Gas , % Direct Indirect Petrol , % Propane , % 1,051,403 Renewable energy source , % 767,716

Total 1,819,120 Energy Consumption - Division-Wise Composition GJ GJ 2018-19 Sector 2016-17 2017-18 2018-19 2019-20 Direct Indirect AD , , , ,

902,026 FD+SD , , , , 679,327 SBU , , , , SFD , , , , Total 1,581,353 NPD , , , , GJ MRV , , , , 2019-20 CC , , , , Direct Indirect MTWD , , , , GRI 102-11, 302-1, 302-4 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 54 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Specific Energy Consumption G J / unit of measure Energy Savings GJ

% Reducon in 2019-20 Sector 2019-20 Sector 2016-17 2017-18 2018-19 2019-20 over last year AD , AD . . . . -% FD + SD , FD+SD . . . . -% SFD SBU . . . . -% MRV , SFD . . . . % NPD NPD . . . . % CC MRV . . . . -% CC . . . . % MTWD DNA DNA . . % DNA - Data Not Available

Total Energy Consumption

202,927

188,195 We have decided a non- 184,098 177,331 renewable energy consumption Non-renewable reduction target of (fuel) MWh 4.1% y-o-y 2016-17 2017-18 2018-19 2019-20 for the next 15 years. This target is in line with our SBT emission 284,937 286,506 reducon roadmap. 269,681 Non-renewable (electricity purchased 243,616 from grid) MWh We have improved our performance this year by 2016-17 2017-18 2018-19 2019-20 moving beyond our energy consumption reduction target. 18,317 15,878 Renewable energy (wind, solar, generated or 8,972 purchased) 3,909 MWh

2016-17 2017-18 2018-19 2019-20

473,132 489,434 453,779 420,947

Total Energy Consumpon MWh

Target 2019-20 | 446,162 2016-17 2017-18 2018-19 2019-20

M&M Ltd. has reduced its total energy consumpon by 13% as compared to previous year. GRI 102-11, 302-1, 302-4 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 55

RENEWABLE ENERGY INITIATIVES Mahindra & Mahindra Ltd. is Growing the share of RE in the total energy mix of M&M (the share among the rst in of RE has increased from 2% in F18 to 3% in F19 and 4% in F20) the world to have ensures environment custodianship as well as sustainable growth. signed the EP100 Cooling Challenge TOTAL SOLAR TOTAL WIND and will focus on POWER CAPACITIES POWER CAPACITIES improving energy efciency of HVAC 8.9 MW 6.3 MW systems.

Our total RE consumption this year increased by 16% as compared to the last year. Extensive work in energy saving has been done at Mahindra & Mahindra, and ll date:

2 lakh lights have been replaced with LEDs

Investment of INR CO2 saved 21 crore 16,400 tons

More than 1,000 ACs replaced

Investment of INR CO2 saved 6 crore 3,587 tons ENERGY SAVING INITIATIVES

Close monitoring of energy producvity (EP) enhances our focus More than 800 motors replaced on energy efficiency iniaves. We record EP data separately for AD as well as FES. Following is the trend: Investment of INR CO2 saved AD FES 3.5 crore 1,281 tons 81.3% 82.5%

79.4% 78.3% 77.6% M&M Ltd. is the 1st company 76.5% in the Indian industry to sign an agreement with Energy Efciency Services Limited (EESL) for a trigeneration project of 803 kW capacity with an investment of INR 25 crore.

F18 F19 F20 F18 F19 F20

GRI 102-11, 302-1, 302-4 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 56 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

SNAPSHOT OF ENERGY EFFICIENCY INITIATIVES

Sector Locaon Iniaves Type Amount Unit

AD Haridwar Installaon of controller air IFC system Electricity , kWh

Installaon of -star ACs - . Electricity , kWh

Igatpuri No firing of M Hawk engines Diesel , L

NRV at fuel inlet & outlet pipe at test bed Diesel L

Kandivali Inverter-based .-ton AC - nos. Electricity , kWh

Cold box equipment PNG , m

Nashik Plant Prewash operang temperature opmisaon LNG , m

Replacement of -year-old ZR compressor ( to CFM Electricity , kWh with same power input)

Zaheerabad CED oven (LPG fired) - waste heat recovery system LPG , kg

Installed BLDC fans of nos. in place of convenonal fans Electricity , kWh

FD Jaipur Diesel saving by installaon of LPG bank Diesel , l

Energy efficient pump installaon Electricity , kWh

Kandivali Power saving through adaptaon of energy efficient motor on Electricity , kWh machine , (hydraulic motor). Old motor replaced with energy efficient IE motor

High power consumpon of air compressor at Kandivali plant; by air Electricity , kWh compressor efficiency improvement

Nagpur VFD installaon at tractor paint shop, exhaust blowers, PMR AHU Electricity , kWh drive modificaon

Reducon in running hours of engine tesng bed exhaust blower Electricity , kWh motors, reducon in power consumpon in tesng bed fuel & coolant heater, tesng bed fuel & coolant condioning system heater

Rudrapur Air compressor to energy efficient air compressor Electricity , kWh

Replacement of high-power consuming air dryer to energy efficient Electricity , kWh water-cooled air dryer

Zaheerabad Top-coat conveyor speed increase to . m/min. Propane , kg

Manufacturing conversion cost reducon in PTCED line Electricity , kWh through frugal mindset & acvies

SD Swaraj Plant Chassis circulaon pump removed by modifying pipeline Electricity , kWh

Diesel saving in auto wash boiler by modifying the pipeline and Diesel , l opmising the temperature

Swaraj Plant To make paint shop (chassis + NTC + CED) hot air circulaon Electricity , kWh (HAC) off via mer instead of temperature mode

LPG saving in paint shop by producvity improvement LPG , kg

GRI 102-11 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 57

Sector Locaon Iniaves Type Amount Unit

SFD Majri Use of impellers instead of in shot blasng machine Electricity , kWh

MRV Regeneraon dyno Electricity , kWh

VFD chiller pump Electricity , kWh

CC Worli Replacement of exisng CDMT/halogens/T/CFL with LEDs Electricity , kWh

Auto drip irrigaon Electricity , kWh

63,038 GJ energy saved through sustained energy saving initiatives in F20.

Monitoring Energy Efficiency of Major Suppliers

Sustainability is impacted by the enre value chain including from where the raw materials are obtained, the processes in supply chain, the final manufacturing and to the end use. Sustainability of suppliers helps us deliver seamless and sustainable value creaon. Since our suppliers play a key role in making us more sustainable, we have been working to enhance the degree of sustainability associated with our sourcing pracces. As part of supply chain sustainability, we monitor the energy efficiency of our major suppliers.

Energy Emissions

Sr. No. Name of Suppliers Consumpon (GJ) (tCO2)

Menon and Menon Ltd. , , Yash Metallics , , Ved Industries , , Castall Industries , , Mayuresh Engineering , , Mala Founders , , Deshpande Auto , Supercra Auto , , New Melng , , Caspro Metal , , Udyog Neeta Instruments , , Supreme Auto Shree Ganesh Foundry , , GRAND TOTAL , ,

GRI 102-11 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 58 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

CASE IMPROVING ENERGY EFFICIENCY STUDY

CHALLENGE

Motors are a key energy consuming ulity for any manufacturing industry. Increasing the efficiency of motors presented us a huge potenal for energy saving.

ACTION

We decided to replace the old motors with energy efficient motors. The process we followed was: Ÿ Market study and evaluaon of best technology in motors Ÿ Ascertain the energy saving through pilot study on 50 motors (9 free motors by EESL) Ÿ Prepare criteria for motor replacement programme and collate inventory Ÿ Budget allocaon (phased manner) Ÿ Full scale implementaon Ÿ Product and service development with OEM/Supplier

Improvement of 6-10% was observed. We replaced 429 motors with energy efcient motors and plan to replace 373 more motors.

OUTCOME

By adopon of energy efficient motors, we achieved

Esmated cost saving £2.5 crore per annum (with an investment of INR 5.6 crore)

Revenue generaon from disposal of old motors

GRI 102-11 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 59

AIR QUALITY

Emissions of air pollutants have serious effects on health and Ozone Depleting Substances (ODS) climate. We take iniaves to proacvely adhere to all the statutory norms and regulaons in the state and the country we have a Ozone layer depleon is responsible for increasing risks of skin cancer, presence in. Meculous monitoring systems are in place to keep sunburn, permanent blindness, cataracts and other negave effects. track of various pollutants that contaminate the air. We connuously monitor and improve our processes to reduce In accordance with the revised Naonal Ambient Air Quality our consumpon of resources and emission of ODS such as Standards (NAAQS 2009), PM10 (size less than 10 µm), PM2.5 (size hydrofluorocarbons (HFCs), halons and hydrochlorofluorocarbons less than 2.5 µm), Sulphur Oxides (SOx) and Nitrogen Oxides (NOx) (HCFCs), etc. are regularly monitored across our manufacturing and service locaons. Some manufacturing plants also monitor more specific pollutants applicable to their processes, like Respirable Suspended Parculate Maer (RSPM), Carbon Monoxide (CO), Methane (CH4), Ozone (O) and Lead (Pb), among others.

Mahindra & Mahindra deployed 83% green coverage in our Igatpuri 50 Electric Vehicles (EVs) on plant which brings about 50% reduction the Uber platform in . in the dust levels in the plant.

Ambient Air Quality 2019-20 Air Emissions (Stacks) 2019-20

microgram/m3

Sectors NOx PM2.5 PM10 SOx Sectors Sum of NOx Sum of SOx Sum of TPM

NAAQ LIMITS - AD . . . AD . . . . FD + SD . . . FD+SD . . . . Mahindra Spares . . . Business SBU . . . . SFD . . . SFD . . . MRV . . . MRV . . . . MTWD . . . NPD . . . . MTWD . . .

BIODIVERSITY

Plants are one of the main natural carbon sinks as they grab carbon dioxide from the atmosphere to use in photosynthesis. Many birds and mammals, ranging in size from mice and kangaroo, and rats to elephants, eat and disperse seeds and fruits, thereby increasing plantaon. Thus, promong biodiversity hedges against climate change, while nurturing life and boosng economic acvity.

GRI 102-11, 305-7 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 60 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

As part of our biodiversity iniaves, we collaborate with IBBI, and undertake biodiversity assessments.

INITIATIVES

At M&M, we keep taking iniaves which lead to the planng of more and more trees, increasing green cover and contribung to natural carbon sinks. Mahindra Hariyali is the biggest one to date.

Our name entered the Limca Mahindra Hariyali Tree Plantaon On World Environment Day, Mahindra Book of Records for planting iniave was launched by the Mahindra Group reinforced our long-term a total of 16.4 million trees Group on its 62nd Founder's Day on 2 commitment towards the environment from 2007 to 2019 as part October 2007, with the inial target of with the launch of a new cizens' of the Mahindra Hariyali planng one million trees by 2008 to movement #CelebrateDifferently. sustainability initiative. increase green cover in the ecosystem. This campaign urged people to celebrate Since then, the Mahindra Group has the key milestones and achievements in been planng one million trees every their lives by planng a tree year. The plantaon is carried out by employees and their families. Mahindra dealers and associates have also become major drivers of the iniave through Shramdaan. It is a part of our efforts to create a sustainable future and to enrich the lives of the communies we serve.

172 trees maintained at Swaraj Plant 1 since 1980 has a sequestraon capacity

of 2,500kg CO2/year 11,055 trees planted through #RiseAgainstClimateChange digital campaign to promote tree plantaon

1.9 ha green area developed at FD has a sequestraon capacity of 3,660

kg CO2/year along with a reducon in Mangrove tree plantaon drive was peak summer surface temperature taken up at M&M Ltd. and 500 saplings were planted. It included variants which are tropical and indigenous plant species. Exoc, fast growing variants In F20, M&M planted 1.32 Paperless manufacturing at Zaheerabad were avoided, to maintain ecological million trees across India. plant of M&M's FD, which means all harmony processes, except statutory, was converted to paperless, saving 1.1 ton of paper per year and equivalent trees

GRI 102-11 WATER SECURITY

Water security is the reliable availability MANAGEMENT APPROACH of an acceptable quantity and quality of water for health, livelihoods and industrial production, coupled with an At Mahindra, we believe in being water posive creang more water than we are acceptable level of water-related risks. using for a sustainable future. It is a holisc approach which includes opmising Sustainable development is not consumpon, recycling as much water as possible, capturing and recapturing. possible without a water secure world. With increasing producon, the demand for water keeps on growing; but A water secure world integrates a 'alternavism' led us to become water posive since F14 through our comprehensive concern for the intrinsic value of water 360° water management programme H2Infinity. Some of our connuing iniaves with a concern for its use for human include three Rs, rainwater harvesng, drip & micro irrigaon, water recharging survival and well-being. iniaves, etc. Monitoring of all the iniaves is done to opmise the consumpon.

Water recharge increased from 40% of the total water consumption 0.12 million m3 to 0.64 million m3. was recycled and reused.

GRI 102-11, 103-2, 103-3, 303-1, 306-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 62 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

GRI 102-11, 303-1, 306-1 INITIATIVES

No water source is signicantly affected by M&M operations.

AD Kandivali implemented the project 'Water Security and Water Neutrality through Deep Aquifer Charging at AD Kandivali'. The project has helped to:

AD Kandivali implemented the project Swaraj Division has constructed water 'Water Security and Water Neutrality recharging wells and the in-house through Deep Aquifer Charging at AD groundwater recharge capacity is Kandivali'. The project has helped to: 42,500 kl/year Ÿ raise the ground water table from 85 (in F19) to 40 (in F20) Ÿ augmented 6 bore wells to improve FD Rudrapur has the lowest water their yields consumpon in M&M since last 4 years. Check dams have been constructed in Ÿ created 107,665 kl/annum water Nainital which has resulted in usage capacity, through bore wells conserving 38,000 kl/year

Improved water table from 450 to less than 100 , in the last 18 years at AD Zaheerabad

Total Water Consumption m3

Sector 2016-17 2017-18 2018-19 2019-20 Igatpuri Plant of AD , , , , M&M Ltd.'s AD achieved FD+SD , , , , 243 days of operations SBU , , , , without any supply from external sources. The plant SFD , , , , used sustainable water NPD , , , , conservation methods such as rainwater harvesting, MRV , , , , wastewater treatment, and CC , , , , recycling to reduce water MTWD , , , , stress in the region.

1,512,242 1,424,729 1,381,291 1,307,411

Total Water Consumpon m3

2016-17 2017-18 2018-19 2019-20 M&M Ltd. has reduced its total water consumpon by 14% as compared to previous year. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 63

Specific Water Consumption m3 per unit of measure GRI 102-11, 303-1, 303-3, 306-1

% reducon over Sector 2016-17 2017-18 2018-19 2019-20 previous year

AD . . . . -% FD+SD . . . . -% SBU . . . . % SFD . . . . -% NPD . . . . % MRV . . . . % CC . . . . % MTWD DNA DNA . . % DNA - Data Not Available

Water Withdrawal by Source Total Water Withdrawal m3 1,307,411

Groundwater , % Total Withdrawal (m) As a % of Total Withdrawal Water from municipality , %

Surface water %

Water from tanker , %

Rainwater , % Wastewater from other sources , % Boled water , .%

Volume of Water Recycled & Reused

Volume of water % of water recycled recycled and and reused out of total Sector reused (m3) water consumpon

AD , % FD + SD , % SBU , % SFD , % MRV , % AS and FES recycled and reused 44% and 41% of its water respectively, and the NPD , % overall water recycled and reused across CC , % M&M was 40% in 2019-20. MTWD , % EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 64 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

GRI 102-11, 303-1, 306-1 Absolute Water Consumption million m3

Source 2016-17 2017-18 2018-19 2019-20

A - Municipal water supplies . . . . B - Fresh surface water . . . . C - Fresh ground water . . . . D - Water returned to the . . . source of extracon at similar or higher quality as raw water extracted

1.36 1.37 1.41

Total net freshwater 0.66 consumpon (A+B+C-D) million m3

Target 2019-20 | 1.37 2016-17 2017-18 2018-19 2019-20

We implemented ground water recharge projects at 2 more locaons in F20, taking the total groundwater recharge locaons to 8 out of 22 locaons. This helped us in increasing the water recharge from 0.12 million cubic metre to 0.64 million cubic metre this year. We have a target of reducing net freshwater 3% consumption The total net freshwater consumption has reduced from last year year-on-year for the next 3 years. and is well below the target for this year. This is in line with our water security goal from our sustainability roadmap.

DISCHARGED WATER QUALITY

Untreated water from industries contribute toward the contaminaon and destrucon of natural habitats and the wildlife that live in those habitats by exposing them to harmful chemicals that would otherwise not be present over the natural course of things. At Mahindra, we have implemented safe wastewater management pracces to protect our ecosystem. It includes treang effluents before releasing them into natural water bodies, connuous monitoring of wastewater discharge to ensure that it is free from pollutants and adhering to the limits specified by the state and naonal polluon control boards. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 65

CASE SAVING PRECIOUS WATER STUDY

CHALLENGE

Water is a key resource for manufacturing operaons. Reducing its consumpon is a challenge as well as an important step towards water security.

ACTION

At MRV Chennai, we decided to implement various projects to save water which included: Ÿ Reuse of condensed water from a chiller in a cooling system in EDC Lab Ÿ Reducon of water consumpon by:

Using drip & Water efficient Water pressure sprinkler Liqu-air chiller reducon on irrigaon in Polymer Lab holidays

Prevenon of leakage in Monitoring of water lines by bringing them water over ground consumpon

OUTCOME

By adopon of water reduce and 17,053 kl reuse projects, of water per annum MRV Chennai saved (13% of annual water use).

GRI 102-11, 303-1 WASTE TO WEALTH

Waste is a natural by-product of the MANAGEMENT phenomena of life. The growth of society leads to demand for variety of APPROACH goods, resulting in greater production as well as consumption. We believe in creang a restorave, zero- This escalates production of waste in waste economic model, in which resources a variety of forms, many of which are used to full capacity and natural systems cause serious environmental pollution are regenerated. The minimisaon of waste and degradation. not only protects the ecology, but also has posive economic benefits. Other benefits of this 'alternavism' led approach includes Therefore, efficient handling of waste is vital beer realisaon of environmental for the health of people as well as the planet. regulaons, more efficient processes, and More important though, is to recognise enhanced brand percepon. 14 locations across M&M 'waste' as a valuable 'resource' Our endeavour is to foster a circular economy are now certied as Zero that can be converted into a variety of useful by minimum use of materials, reducon in products. This pracce of converng waste waste generated, and usage of waste as a Waste to Landll (ZWL) by to a product that can be put to primary use valuable resource. We are commied to M/s Intertek, USA. can be viewed as a process of generang responsible disposal as per all applicable wealth. norms, leading to beer ecosystems. GRI 102-11 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 67 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

WASTE TO LANDFILL

Our iniaves towards minimising the amount of waste that enters landfills from our operaons is bearing results, as seen for the locaons below:

L O C A T I O N - W I S E D I V E R S I O N F R O M L A N D F I L L A N D S T A T U S

SBU Kanhe Swaraj Plant 2 M&M AD M&M FD 99.63% 99.44% Haridwar Zaheerabad Cerfied in F20 Cerfied in F20 99.80% 99.98% Cerfied earlier MRV Worli CC Rudrapur

99.40% 99.99% Zaheerabad 99.97% Cerfied in F20 Cerfied in F20 99.27% Nagpur Nashik Plant 2 M&M SD (Tool and Die) Swaraj (Plant1) Igatpuri 99.54% 100% 99.27% 99.72% Jaipur Cerfied in F20 99.26%

Kandivali Out of 14 locations across M&M certied as ZWL (Zero Waste to Landll) by Intertek, USA, ve locations were certied in F20. 99.18%

INITIATIVES

Paper use reducon by 49% from F16 to F20 at Swaraj Division.

Hazardous waste reducon by 35% from 110 tons in F19 to 72 tons in F20 at Rudrapur FES.

A plasc collecon drive at M&M Ltd. A total of 646 kg of waste was generated A total of 3,089 kg of waste was was conducted to ensure that no plasc at the Mahindra Kabira Fesval in generated at Mahindra Blues Fesval waste goes to landfill. The enre November 2019. Of this, 569 kg or 88% in February 2020. 2,232 kg of plasc collected was handed was recycled, composted, and sent to a Of this, 2,921 kg or 95% was sent for over to Shak Plascs, a government- biogas plant for conversion into energy recycling, composng, reusing, or for cerfied waste management company. or to a Kulhad crushing unit. co-processing in cement plants.

GRI 102-11, 306-2 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 68

WASTE GENERATED

AD Corporate Centre Waste Type Unit 2016-17 2017-18 2018-19 2019-20 Non-Hazardous Waste (Solid) Ton

Hazardous Waste 2016-17 2017-18 2018-19 2019-20 Solid Ton , , , , DNA

Solid Nos. , , , , DNA - Data Not Available Liquid kl Liquid Ton Non-Hazardous Waste Solid Ton , , , , Solid Nos. , , , ,

FD+SD Waste Type Unit 2016-17 2017-18 2018-19 2019-20

Hazardous Waste Solid Ton , , , 88% of M&M's waste gets recycled. Solid Nos. , , , , Liquid kl Liquid Ton Non-Hazardous Waste Solid Ton , , , , Solid Nos. , , , ,

SBU Waste Type Unit 2016-17 2017-18 2018-19 2019-20

Hazardous Waste Solid Ton Non-Hazardous Waste Solid Ton , , , ,

MRV Waste Type Unit 2016-17 2017-18 2018-19 2019-20

Hazardous Waste Solid Ton Liquid KL Liquid Ton Non-Hazardous Waste Solid Ton , Solid Nos.

GRI 102-11, 306-2 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 69 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

NPD SFD Waste Type Unit 2018-19 2019-20 Waste Type Unit 2018-19 2019-20

Hazardous Waste Hazardous Waste Solid Ton Solid Ton Solid Nos. Solid Nos , Liquid Ton Liquid Ton Non-Hazardous Waste Non-Hazardous Waste Solid Ton Solid Nos Solid Ton , , Note: The waste generated for NPD was accounted for in AD for previous years.

MTWD SPILLS Waste Type Unit 2016-17 2017-18 2018-19 2019-20 Spill invariably results in material waste and Hazardous Waste depending on the type of spill, it may also cause polluon and/or accidents. Solid Ton , At Mahindra, we have SOPs for all processes. Solid Nos , The chances of spill reduce considerably if Liquid Ton the SOPs are followed. In case of mishap, requisite prevenve steps are taken to Non-Hazardous Waste migate the risk of spillage, and to ensure the Solid Ton safety of employees and the environment. Solid Nos , , , ,

No signicant spill incidents were recorded during the reporting period.

HAZARDOUS WASTE DISPOSED TO LANDFILL

Waste disposed Unit 2016-17 2017-18 2018-19 2019-20

Total waste generated Ton , , , , Total waste Ton , , , used/recycled/sold

3,458

1,773 1,575 79% of hazardous waste Total generated is now being waste recycled through authorised disposed 692 recyclers and cement Ton co-processing plants.

Target 2019-20 | 1,383 2016-17 2017-18 2018-19 2019-20

We have a target of reducing total hazardous waste disposal by 60% from 2016 values. This is in line with our sustainability roadmap. We surpassed the hazardous waste disposal to landfill target for F20. Against the target of 1,383 MT for F20, the waste disposal stood at 692 MT. Hazardous waste is sent to authorised recyclers and for co-processing to cement industries. The total hazardous waste generated in the current year was 3,268 MT, out of which 2,572 MT was recycled. GRI 306-2, 306-3 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 70

CASE GENERATING WEALTH FROM WASTE STUDY

CHALLENGE

Manufacturing operaons generally produce waste which goes into landfills and pollute the environment. We wanted to ulise it as an important resource at M&M and contribute towards wealth generaon as well.

ACTION OUTCOME

Ÿ Waste from By adopng recycling different plants The parcipang plants for recycling: and co-processing, we was used for Nasik Plant 1 | FD Kandivali | MVML achieved a total saving of recycling and Igatpuri | AD Kandivali co-processing. £3.65 crore in the last 3 years. Ÿ Hazardous waste like paint sludge The parcipang plants for co-processing: and coon waste FD Rudrapur | FD Jaipur | FD Nagpur are recycled FD Zaheerabad | SD Mohali P1 to produce rubber SD Mohali P2 | AD Zaheerabad mang and LDO.

Ÿ Hazardous waste like paint sludge, coon waste and ETP sludge are sent for co-processing to cement industry.

SBU Kanhe was certied as the rst Zero Waste to Landll warehouse in India. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 71 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

MATERIALS

Natural resources are finite. We understand the consequences of excessive usage and minimise the use of materials. Without compromising the quality, we use the opmum amount of raw material to convert it into a product. Recycle and reuse of waste also helps in minimising the amount of material used. We leverage technology and innovaon to find beer processes and improve our efficiencies to reduce our material consumpon. Material selecon is also a key factor to build sustainable value into our products.

Material Consumption AD

Material Unit 2016-17 2017-18 2018-19 2019-20

Semi-manufactured Ton , , , , Semi-manufactured kl , , , , Associated Ton NA NA NA NA - Not Applicable

FD+SD+SFD

Material Unit 2016-17 2017-18 2018-19 2019-20

Semi-manufactured Ton , , , , Associated material Raw material , , , , Packaging material , , Total , , , , Semi-manufactured kl , , , , Associated material , , , , Total , , , , Semi-manufactured Nos. , ,, , , Associated material , , , , Raw Material , , , Packaging material ,, ,, Total ,, ,, ,, , Packaging material Metre , Total ,

SBU

Material Unit 2016-17 2017-18 2018-19 2019-20 This year, the material consumption of semi- Packaging material Ton , , , , manufactured material (solid) was reduced in both MTWL AD and FD.

Material Unit 2016-17 2017-18 2018-19 2019-20

Semi-manufactured Ton , , , , Associated material Packaging material In the reporting year, the material consumption of Total , , , , semi-manufactured material Semi-manufactured kl (liquid) was reduced in both Associated material AD and FD. Total MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 72

PACKAGING We moved from wooden and cardboard-based packaging to Packaging is necessary to store, transport, returnable packaging, making Igatpuri AD plant, the rst zero contain and protect goods, but the flip side is wood disposal plant in M&M. that it ends as waste. Packaging waste is a dominant contributor and responsible for half of the waste in the world. At Mahindra, we work on the design, material and process of packaging to get the opmum fit. It not only reduces waste, but is eco-friendly, cost-effecve and convenient, enhancing the producvity of resources and environmental performance.

INITIATIVES

At the Spares Business Unit (SBU), we Auto Division of M&M achieved: focus on vendor pre-packaging to Bubble packing material use reduce the packaging material. of 764.25 tons, eliminated Other ways of reducon include: by introduction of shredder 91% Wood reducon Ÿ Idenfying new parts machine at SBU Kanhe. from F16 Ÿ Defining required packaging Ÿ Discussing with vendors and implements 25% Corrugated box The focus is also on eliminang wooden reducon from F16 pallets and replacing them with reusable metal pallets. 62% Paper usage reducon from F16

About 75% reducon in wooden waste from 121 tons in F19 to 30 tons in F20 at the Rudrapur FD plant

COMPLIANCE

Compliance is the starng point at Mahindra. Adherence to all applicable laws, regulaons, guidelines and specificaons relevant to our We have not business is hygiene for us. So, we consider paid any nes these norms not only in leer, but in spirit and related to go beyond them to set our own benchmarks. environmental We learn from best pracces of others, share or ecological our experiences and collaborate with issues in the naonal and internaonal organisaons to past ve years. raise industry standards with regard to environment, health and safety.

GRI 307-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 73 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

ENVIRONMENTAL POLICIES AND MANAGEMENT SYSTEMS

The policies play a great role in building a coherent culture across businesses towards environmental management and serve as a standard operang procedure while making strategies or taking decisions. Execuon of these policies: Creates Environmental Drives Awareness Sustainability Reduces our Impact on the Environment

Some of these policies include:

M&M - Code of Conduct Automotive & Farm Automotive & Farm Commitment to the Equipment Sector - Equipment Sector - Environment Energy Management Policy Sustainability Policy

Every employee adheres to the environment The Automove & Farm Equipment sector Automove & Farm Equipment sector has policy and its implementaon is overseen by has formulated an energy management formulated a sustainability policy which the plant managers of respecve facilies. policy which focusses on maximising focusses on integrang sustainability producvity by: pracces to: Ÿ Our policy is that operaons, products, and services, while meeng regulatory Ÿ Improving organisaons' energy Ÿ Migate climate change risk to our business requirements, should also accomplish their performance through implementaon of Ÿ funcons in a manner that protects health energy management system Embed environmental and social aspects and the environment in our business decisions and goals Ÿ Seng energy objecves, targets, and Ÿ Ÿ The technology used in the manufacturing review mechanisms Achieve Carbon Neutrality and focus on of our products shall not result in effluents driving the EP100 programme Ÿ Ensuring availability of necessary or toxic waste being released unless it is Ÿ informaon and resources to achieve Ensure Zero Waste to Landfill and promote treated in accordance with the prevalent objecves and targets circular economy polluon control laws. Every possible effort shall be made by us to maintain the Ÿ Complying with all applicable legal and Ÿ Encourage employees and society at large ecological balance, conserve scarce natural other compliance obligaons related to to adopt sustainable pracces resources, and avoid polluon energy use, consumpon and efficiency Ÿ Foster inclusive development Ÿ Ÿ We are commied to work for the Promong use of renewable energy and Ÿ Maintain a clean and healthy work upliment and beerment of the green iniaves to conserve natural environment for employees communies we operate in. We consider resources the impact on biodiversity in our business Ÿ Build a sustainable value chain Ÿ acvies. Our CSR programmes use Delivering on carbon price to spur innovaon Ÿ Grow green revenue by developing new responsible business pracces and social Ÿ Purchasing energy efficient products as per products and improving exisng ones investments to create long-term value a green procurement policy and design for Ÿ A detailed policy on 'Environment and improving the energy performance Opmise use of natural resources through Polluon' is listed on the intranet. throughout their life cycle material substuon, recycling and reuse Ÿ Encouraging stakeholders, associates and supply chain partners for adopon of energy management systems, as applicable All manufacturing plants of The energy policy is reviewed periodically M&M are certied with ISO during management reviews. 14001-2015 Environment Management System. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 74

SUSTAINABILITY POLICY AND INITIATIVES FOR REJUVENATING THE ENVIRONMENT

Our Sustainability Policy is the manifestaon of our purpose All our iniaves related to carbon and water neutrality, to see an incredible opportunity to drive posive change in renewable energy plans and circular economy are linked to the lives of our stakeholders. Whether it is rejuvenang the environment. We have idenfied our material issues, and for each material issue, we have taken commitments. Ÿ serving the needs of our customers, Based on the long-term commitments, we have devised our Ÿ taking care of the dreams and passions of our people strategy, roadmap, yearly targets, and iniaves. These targets Ÿ helping to build the communies we are a part of and iniaves are monitored at all levels including the company, divisions and individual units. Ÿ adhering to the laws of the land or nurturing the planet Some of the iniaves taken are shared in the individual chapters. in everything we do, we Rise for Good.

AD Zaheerabad and MHEL were certied as Platinum Green Buildings in F20, taking the total green buildings in the company to 10 in three years.

CARBON WATER STRATEGY STRATEGY STATUS Target Achieved Target Achieved STATUS F20 in F20 F20 in F20

AD 20% 19% AD 40% 46%

FD 20% 19% FD 40% 38%

SD 20% 17% SD 30% 18%

During the year, there was no environmental violation by M&M. SUPPLY CHAIN MANAGEMENT

An organisation is as sustainable as its supply At Mahindra, we have been taking acons to improve chain. Effective management of supply chain helps environmental, social, and economic aspects of our supply chain as it has a significant impact on our growth. This year, in our materiality assessment, supply chain sustainability has been idenfied as one of the priority issues by our stakeholders too. CONSERVE RESOURCES Every year we undertake important sustainability iniaves like awareness, training, capacity building and assessment, to enhance the sustainability quoent of our supply chain. The Financial Year 2020, however, ended with the COVID-19 REDUCE COSTS pandemic causing disrupon and throwing the global economy and supply chains into disarray. While the pandemic affected everyday life, it also severely impacted business operaons across borders and geographies, triggering significant damage to the INCREASE PRODUCTIVITY overall global economic outlook. At Mahindra, we took this as an opportunity to make our already highly localised supply chain OF AN ORGANISATION even more self-sufficient.

GRI 102-9, 102-10 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 76 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

We have arculated the following policies 'for our suppliers' to ensure a consistent and comprehensive approach across business units.

Supplier Code of Conduct Sustainable Green Supply Chain

hps://www.mahindra.com/resources/investor- Management and Procurement Policy reports/FY20/Sustainability-Policies/M-M- hps://www.mahindra.com/resources/investor-reports/ Code-of-Conduct-Suppliers.pdf FY20/Sustainability-Policies/M-M-Green-Supply-Chain-Policy.pdf

We proacvely engage with our suppliers and vendors to incorporate environment friendly pracces beyond our factory gates. Green iniaves to conserve environment and contribute to social jusce and equality are also encouraged. A new three-year roadmap has been developed starng F20 and has been put into acon for supplier sustainability.

Some of the other key sustainability iniaves in the reporng period include:

CAPABILITY BUILDING

Conducting awareness Enhancing skills at the suppliers' end sessions on sustainability Focussed acvies in key areas have been undertaken, and organisaon work structure for the We conducted a webinar to create same has been put in place in the Purchasing group. In F20, following iniaves are covered: awareness on sustainability among our 249 suppliers. We also launched Supplier Business Mahindra Supplier Supply Risk Migaon a sustainability e-learning module for Capability Building Evaluaon Standard & Management them on MSETU, a supplier communicaon plaorm. 93 suppliers 121 suppliers 375 suppliers

In connuaon to this as a part of supplier skill building program, we at Mahindra & Mahindra extended our iniaves to our supplier partners. For example, under the iniave of supplier capability building (PARIVARTAN), we have trained following personnel cumulavely ll F20: 10:30 AM 85%

Mahindra Mahindra Cerfied MYB Yellow Belt 1,014 MCQE Quality Engineer 627

Mahindra Mahindra Cerfied MGB Green Belt 3,013 MCPE Producon Engineer 498

Mahindra Mahindra Cerfied MBB Black Belt 82 MCTE Technical Engineer 532

10:30 AM 85% Engaging the suppliers on sustainability

Supplier Sustainability Meets are organised regularly urging supplier partners to make sustainability a way of life and implement similar iniaves to their respecve manufacturing facilies 380 Strategic Suppliers have acvely parcipated in F20 Annual Supplier meet. In F16, "MSetu" an IT plaorm was launched to leverage technology in interacng with suppliers. 100% suppliers are now on this interacve plaorm.

GRI 102-9, 102-10 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 77

FACTORY ENGAGEMENT PROGRAMME IN COLLABORATION WITH ISC (INSTITUTE FOR SUSTAINABLE COMMUNITIES)

We have been supporng Instute for Sustainable Communies (ISC) to launch EHS+ Center at Symbiosis Instute of Internaonal Business, since F17. This center is poised to provide training to Small & Medium Scale Enterprises (SMSEs) in the field of Energy and Environment Health & Safety (EHS). A detailed curriculum was jointly prepared, and training was imparted. In F20, we have extended our capability program further with total 58 course modules and 4669 suppliers of M&M & other OEM's trained ll FY20.

93 Supplier facilities received technical assistance for deployment of Energy Efciency programs resulting in GHG emission reduction to

the tune of 20,280 MT CO2 p.a. and 6.138 MWp Solar PV adoption across 32 supplier facilities

The programme included energy audit by an industry expert, capacity building and technical support, discussion with units on acon plan, implementaon measurements and benefits quanficaon. In the reporng year, 43 suppliers completed the programme successfully.

SUPPLIER WOOD WASTE REDUCTION SUSTAINABILITY ASSESSMENT PROGRAMME IN PACKAGING - AD & FD PRESERVE NATURAL CAPITAL Supplier Sustainability Onsite assessment are conducted by CDMM & SCM, which covered safety, environment, human rights, and compliance. In the reporng year, 98 assessments were done. In 2016, Senior management of Supply chain domain, appealed Going ahead, suppliers were encouraged to replace convenonal to eliminate wood from all domesc packaging. The Farm lighng by energy efficient LED lighng and solar plant under Division (FD) ensured zero wood in domesc packaging and Auto the iniave of Carbon footprint reducon. Our suppliers Division (AD) reduced wood waste by 91% w.r.t F16 base year. installed 6.138 MW of solar in F20. A D & F D A D O P T E D T H R E E - W A Y A P P R O A C H Eliminate wood 1 where not required Use rental SUSTAINABILITY LEVERS 2 packaging IN LOGISTICS 3 Replace wooden Load consolidaon, route opmisaon and vehicle modificaon crates with returnable were the levers ulised to reduce the logiscs cost, as well as polypropylene ones reducon in CO2 emissions. Wooden boxes were replaced by returnable PP boxes, leading in reduced damages, rejecon percentage, cost, and manpower while increasing producvity and safer handling. Also, single use plasc eliminated below 50 microns across M&M supply chain.

GRI 102-9, 102-10 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 78 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

MAKING A MORE CASE SUSTAINABLE SUPPLY CHAIN STUDY

CHALLENGE IMPACT

To improve the packaging and transport system in the supply chain Ÿ Dispatch of load for 1-2 of SBU, Jaipur. customers in one full truck

Ÿ Loading of vehicles at one ACTION me directly from dock to ensure mely dispatch To put in place a more sustainable supply chain, we looked at the concept of Vendor Prepacking. The following acons Ÿ No boxes are damaged, were taken in this regard: thereby migang shortage Ÿ New parts idenficaon for new vehicle models claims Ÿ Defined appropriate packaging for each part Ÿ In-transit me greatly Ÿ Geng approval from SSU for packaging as well as cost reduced, ensuring on-me Ÿ Inmang vendors on the new pracces through delivery to customers respecve buyers Ÿ Cost savings of 40% due to Ÿ Requesng a pilot lot for verificaon, from suppliers supply to one or more Ÿ Aer the go-ahead from Q/a and Packaging team customer in one FTL on the pilot lot, we went ahead with regular supply Ÿ with M&M branding Loading me dropped by 40% Ÿ Route opmisaon to ensure on me delivery Ÿ Invoicing and gate pass me Ÿ Re-use of wooden boxes reduced by 30%

INITIATIVES

Dealer Service Quality Index (DSQI) Mahindra Dealer Excellence Programme (MDEP)

The DSQI was iniated with the objecve to The MDEP evaluates dealership funcons with regard to M&M improve service quality rendered to customers by employees who are all expected to demonstrate the highest standards our dealerships. The steps involved standardising in ethics, transparency, accountability, integrity and objecvity while workshop systems and processes by first ensuring dealing with customers, dealers, stockists, channel partners and top Service Quality through a score on 100, based business partners, in line with the image and reputaon of the on parameters ranging from infrastructure, tools, Company. manpower to dealer involvement. The dealership is also evaluated on customer inmacy, operaonal and The second step includes using customer organisaonal excellence, meliness in execuon of services, and sasfacon survey findings to strengthen exisng whether these endeavours result in a "consistent delighul experience" processes. The evaluaon is carried out every six for customers. The evaluaon findings lead to rewards and recognion months and Service Coupon rates are derived for the dealerships that score the highest and the best performers based on the Dealer DSQI. become role models for other dealer partners.

In FY20, 268 Dealers out of 302 have taken Sustainability Balance Scorecard part in an MDEP sustainability drive, which for 80 Suppliers at AFS level amounts to 88% of the total number of Dealers.

GRI 102-9, 102-10 HEALTH & SAFETY

Mahindra's strength comes from its MANAGEMENT APPROACH people. People who are involved, motivated and take ownership of their work. With a large and diverse 'CAPable People, REAL Experience' encapsulates our Employee Value Proposion that stems production line from two-wheelers and from our core purpose of inspiring people to Rise. It sums up the ideal we aim to live up to passenger cars, to utility vehicles, light as an employer, and embodies the promise that at Mahindra, our employees have the commercial vehicles and tractors, we opportunity and the right set of tools to be the very best they can be, along with the reassurance that their health and safety are in good hands. rely on the vast pool of talent to keep our operations running. And so, while attracting, recruiting and retaining talent is essential to our functioning, 61% reduction 20% improvement in we thereafter make it a priority to put in injuries in F20 Health Index in F20 their health and safety rst, which is a core material issue at Mahindra. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 80 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

HEALTH & WELL-BEING

Mahindra & Mahindra Ltd. consistently reinvents workplace pracces Aside from these special measures, to ensure safe and healthy to promote the overall well-being of employees with the aim that the working condions for our workforce, all the units are OHSAS company's health and wellness mantra enables employees to take cerfied. Some of the health acvies undertaken in the year include charge of their mental and physical well-being. This is once again Healthify Me, Chini Kam & Salt Satyagraha, Wellness Wednesday, evident in our measures taken to fight against the COVID-19 Get Young 2019 (Transform Lifestyle, Transform Yourself) and pandemic. While we are doing our best to maintain business Mahindra Fit India Marathon, among others. connuity, it goes without saying that our primary focus is keeping All permanent workers and officers of M&M undergo periodic health our employees and their loved ones safe. Special Rapid Acon Force check-up as per the health and wellness policy. Every employee's teams were quickly put into place at different levels, to provide on- health is assessed on the basis of a Unique Health Index. We have call/virtual medical assistance, to dra out protocols and guidelines for also launched a medical soware to systemacally analyse the manoeuvring through these mes, among many more such measures. health check-up findings. We have a series of webinars, As it gets closer to geng back to working from office, we are in communicaons and internal newsleers which spread health and conjuncon with the relevant authories and we are taking all the well-being awareness. necessary steps to ensure reopening in a safe and calibrated manner.

• Healthy food counters across locaons • Food exhibion • Individual and group nutrional counselling • Tea table talk • Celebraon of Naonal Nutrion Month (no sugar, refined flour, frying) FOOD & • Cooking compeon & training programme for cooks NUTRITION

H E A L T H & W E L L N E S S P I L L A R S

• Periodic health check-up • Services of clinical psychologist • Post check-up follow up • Mindfulness • Awareness through mailers, session on • Relaxaon/Meditaon/ lifestyle diseases Jacobson's Progressive (External & internal Muscle Relaxaon/ faculty) Vipassana/Yoga • Screening camps like • Desk and breathing renopathy/cardiac exercises camp etc. • Stress Evaluaon Survey PHYSICAL PSYCHOLOGICAL • MRise for fitness, • Stress management HEALTH marathon WELL-BEING sessions MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 81

Besides encouraging employees to take charge of their health, M&M also implements iniaves for a more producve and holisc work environment that include:

Building Strong Work Relationships Encouraging Healthy Habits

Work-life balance and employee engagement is ensured through The Group Communicaon Office (GCO) has a medical panel quarterly social gatherings, fireside chats with senior leaders, of efficient doctors, dedicated to its employees at Mahindra knowledge management intervenons and numerous webinars. Towers, Worli. A canteen commiee monitors the quality, hygiene and nutrional value of daily food that is served to the employees. The canteen also offers organic and healthy products to choose from. Following the 'No Smoking' in public Improving Mental and Physical Well-being places policy stated by the Government of India, the office premises is a 'smoke-free zone'. There is also a counselling cell Regular yoga sessions, Stepathalon, Marathon Runners' to assist those intending to give up the addicon. Group, and a well-equipped gym with trainers, ensure employees maintain their health and well-being.

Fostering a Culture of Wellness

The GCO conducts MCares, an annual employee engagement survey to monitor the employees' emoonal health. Relaonship Management Programme, Reflecve Conversaon, Potenal Life Journey and Coaching & Mentoring Programmes help the emoonal well-being of the employees.

Supportive Polices for Parents

We have several policies to support our employees with their parental responsibilies at Mahindra:

Flexible Working Hours Childcare Facilities or Contributions

Balancing commitments on a personal front and a professional We provide our employees with creche facility in accordance front becomes less daunng with our HR policy that provides with the amendment of the Maternity Benefit Act, 2017, that employees with flexible working hours. These flexi-hours are directs all establishments with 50 or more employees to have an allowed for up to 1 hour and 15 minutes from the regular office internal/external facility of creche. Our women employees with mings. children below 6 years of age, are encouraged to use this facility. This facility can also be availed by male employees who have lost their spouses and are single parents to children below 6 years of age. These creches may be a separate facility through a e-up or Working from Home Arrangements a part of the common facility of the unit. The women employees are allowed four visits to the creche in a day. Our female employees who have children between the ages of 3 to 18 years, are allowed to work from home for two days in a month. Male employees can work from home for 2 days a month in a period of 6 months, 3 months before and 3 months aer the birth of the child. Paid Paternity Leave in Excess of Legally Required Minimum

Male employees can work from home for 12 days in a period of Paid Maternity Leave in Excess of 6 months (3 months before and 3 months aer the birth of the Legally Required Minimum child). In addion, he can also avail 5 or 6 days of paternity leave depending on the predominant working week of the locaon, in We provide maternity leave as per applicable legal requirements a month. The paternity leave would be on a working day basis, which is 26 weeks in India. Beyond legal compliance, if a female which means that intervening public holidays and weekly off will employee adopts a child below the age of three years, she will not be counted and has to be taken in one block. be entled to a maximum of 12 weeks' maternity leave. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 82 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

This year, Mahindra & Mahindra ranked 10th on the list of India's Best Workplaces in Manufacturing 2020 by Great Place to Work®, who have stated that the Company has excelled in the 5 dimensions that are a hallmark of a High-Trust, High-Performance Culture™ - Credibility, Respect, Fairness, Pride and Camaraderie.

SAFETY Central Safety Council The safety of a workplace determines the producvity of an We collaborate with and leverage diverse mindsets to enhance employee. At Mahindra, we lay utmost emphasis on safe working safety around our operaons. We have a dedicated Central Safety condions for our employees by ensuring the highest safety Council composed of representaves from all sectors. Together they standards. We constantly upgrade our rigorous safety procedures in brainstorm new ideas, mobilise necessary resources and develop tandem with technological advancements and best pracces. We new pracces to improve safety across the Group. Addionally, the believe that sharing best pracces and invoking a personal Council works to provide maximum security against occupaonal commitment in each team member increases our chances of hazards by periodic monitoring of safety iniaves and devising achieving our goal of zero-injury or zero-accident. proacve mechanisms. Overall, the Council fulfils the following objecves: Mahindra businesses have work councils, Ÿ Improving safety awareness occupational health and safety committees and Ÿ Sharing best pracces for ensuring safety other worker representation bodies to deal Ÿ Promong proacve measures to prevent with impacts and address issues/grievances. accidents and occupaonal hazards Ÿ Rewarding and recognising commendable achievements Ÿ Regularly briefing the Group Execuve Board on safety performance

Safety Focus We have made our Farm Equipment Sector We are commied to avoid unsafe incidents through adopons of (FES) a ZERO fatal accident zone for the last 9 key safety tools and pracces: years through innovations, with 40% of them being directed towards Human Safety - these 1 Installing 2 Conducng 3 Instung safety the latest safety mechanisms based include focus on specic themes such as nger firefighng awareness and on the recognised injury, hand injury, electric injury and eye injury. system at training for all Kaizen and Poka- We have till date, secured 7 patents for our our plants employees Yoke concepts Safety Innovations.

Safety Dashboard

This year, despite taking all the precauonary measures, we did witness accidents on our premises. Here is our safety performance:

2019/2020

Permanent Contract Others Employees Permanent Contract Employees Others Employees Lost Time Employees Lost Time Lost Time Injury Employees Total Total Lost Employees Total Injury Rate [unit] Injury Rate [unit] Rate [unit] Lost Day Rate [unit] Day Rate [unit] Lost Day Rate [unit]

AD . . . . FD . . . . SD . . SBU MRV NPD M&M . . . . MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 83

No fatality at M&M Ltd. (AD, FD, SD, Occupational Illness Frequency Rate (OIFR) Is ZERO at SBU & MRV) locations M&M Ltd. (AD, FD, SD, SBU & MRV) locations

OUR PEOPLE

We encourage our employees to queson convenonal constructs and embrace innovave thinking through robust engagement mechanisms and progressive HR policies. While aracng and recruing talent is an essenal first step, our talent management processes are designed to go beyond and nurture, movate, reward and retain them. It is through this talent that we replace convenonal thinking with alternave approaches that deliver posive change.

THE MAHINDRA EMPLOYEE VALUE PROPOSITION

OUR EXPECTATION FROM OUR EMPLOYEES OUR PROMISE TO OUR EMPLOYEES

C A P R E AL

Challenge Bring Alternave Drive Posive Recognion for Empowering Abundant Learning Convenons Thinking to Change in the Lives Outperformance Environment Opportunies the Workplace of Our Customers & Communies

We've grown by Alternave We expect We encourage We promote a At Mahindra, we challenging Thinking is the everyone at healthy proacve listen and learn convenons at new normal at Mahindra to work compeon, and workplace, one every day. every turn, and our workplace. for the greater create a high- where you're Constant learning we encourage As we good, to advance performance encouraged to constutes a our people to do relentlessly seek humankind, and culture by make your own fundamental the same by to break fresh make the world a recognising decisions, and take aspect of the accepng no ground and solve beer place. A breakthroughs, ownership of their Mahindra limits. Where problems, the significant part of and rewarding ripples and Experience, with others see ingenious use of our job is to create those who ramificaons. abundant learning problems, our our resources lasng, posive achieve them. It empowers our opportunies at people see and our ability to change in the lives people, and in every level, and an possibilies. think differently of the customers doing so, environment that power us on. and communies encourages encourages we serve. individual constant learning. responsibility.

We realise the significance of keeping our ears to the ground and discerning the pulse of our employees to achieve this goal. Hence, we connect with all our employees across designaons and departments with the aim to create leaders across hierarchies and businesses.

At the Mahindra Group, we have a two-er HR management approach one at the Group Level and the other at the Business Level. By 2021, we aim to be one of the Top 50 most The Group HR The Business Level HR admired global brands. provides thought leadership complements by ensuring alignment with Group HR and appropriate tools and policies and instuonalising customised employee methodologies iniaves for the respecve business

GRI 102-8 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 84 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Labour Practices

Discriminaon halts progress by sfling talent. Since 2009, the Internaonal Labour Organisaon's core labour convenons have been Being an equal opportunity employer, we do not embedded in our policies: tolerate discriminaon in any form. We adhere to all the labour legislaons, and also recognise and Ÿ Freedom of associaon and the right Ÿ Minimum age convenon to collecve bargaining support the right to collecve bargaining. Ÿ Worst forms of child labour convenon Addionally, the Farm Division, Swaraj Division Ÿ Right to organise and collecve Ÿ Equal remuneraon convenon and all units of Automove Division (AD) have bargaining convenon been OHSAS cerfied to ensure a safe and Ÿ Discriminaon (Employment and Ÿ Abolion of forced labour convenon healthy working condion for our workforce. Occupaon) convenon The 'Corporate HR Cell' is in place at Mahindra to chart and monitor norms, policies and iniaves, so as to maintain consistency of good people pracces across our business segments. Moreover, our employees also undergo training Human Rights periodically to remain updated with contemporary best pracces. We advocate the highest standards of human behaviour and respect the dignity of everyone associated with us. At Mahindra, we do not tolerate any act that violates In 2001, we became one of the first Indian human rights. We strictly condemn acts like discriminaon, forced and compulsory companies to be a signatory to the United Naons labour, and child labour, within and beyond Mahindra boundaries. We also discourage Global Compact (UNGC), and we remain dedicated any form of corrupon, including bribery or other negave pracces. to operang in sync with its principles on labour standards. We adhere to UNGC Principles on Human Rights, including:

P R I N C I P L E 3 P R I N C I P L E 1 P R I N C I P L E 2 P R I N C I P L E 1 0 Businesses should uphold the freedom of Businesses should Ensure that Businesses should associaon and the effecve recognion support & respect the businesses are not work against of the right to collecve bargaining protecon of complicit in human corrupon in all its internaonally rights abuses forms, including proclaimed human rights extoron and bribery

Our Policy on Human Rights extends to those who we partner with, and Human Rights P R I N C I P L E 4 issues are a part of the selecon process and the contractual agreement. We have also developed a training module on human rights and how human rights issues can arise or The eliminaon of all forms of forced be relevant to a business across a diverse set of operang environments. Besides this, & compulsory labour through various awareness sessions, several stakeholders like contractors, security personnel and associates are sensised on the subject which then helps promote adherence on Human Rights aspects.

P R I N C I P L E 5 Human Rights assessment is a part of The effecve abolion of child labour our annual sustainability assessment process.

We also have an acve and well-defined, four step Grievance Redressal Mechanism P R I N C I P L E 6 available at each plant for workers, through which all types of grievances are redressed. The eliminaon of discriminaon in respect of employment & occupaon

GRI 102-8 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 85

For all employees of Automove and Farm Sectors, there's a 'Reach- The Whistleblower Policy out' mailbox that is addressed with confidenality, to voice their concerns to the Sector President. In order to address the Human We implement The Vigil Mechanism as prescribed in the Act, and the Rights violaon, in specific for blue collared workers (Permanent as Rules and Lisng Regulaons through the Whistleblower Policy. It well as Flexible workforce), a Grievance Register has been arranged provides adequate safeguards against vicmisaon of the at Time Office to raise concerns. No complaints have been received Whistleblower and ensures all stakeholders have direct access to the or reported for the reporng year. Chairperson of the Audit Commiee. We also have in place, a comprehensive risk management system The Whistleblower Policy was amended in line with the SEBI that takes into account any risks for Human Rights violaon and our (Prohibion of Insider Trading) (Amendments) Regulaons, 2018, ability to curb it. No child or forced labour was found prevalent in enabling employees to report insider trading violaons, as well as our system. This result reflects our stand on the issue that's stated in reporng of instances of leak of Unpublished Price Sensive our Code of Conduct and can be accessed at the web link Informaon. The Whistleblower Policy of the Company is available hps://www.mahindra.com/resources/pdf/ on our website and can be accessed at the web link: about-us/Code-of-Conduct.pdf hps://www.mahindra.com/investors/reports-and-filings

To create a workplace that is fair, transparent, and safe, we also have in place a policy for Prevenon of Sexual Harassment at workplace (POSH), under the provisions of Prevenon of Sexual Harassment Always listen to your inner voice Act, 2013. During the reporng year, two complaints were registered and resolved as well.

INITIATIVE

We have put in place a Whistleblower Helpline managed by an external agency to ensure that any violaons to its Code of Conduct, including violaon of Human Rights are addressed objecvely. Through the helpline, we received 17 complaints this year, out of which 10 have been invesgated and resolved and 7 are pending. 3 complaints were received by the Chairman of the Audit Commiee with 2 resolved and 1 pending.

In its endeavour to keep workplaces safe, transparent and friendly for people to work in, the Mahindra Group had a POSH (Prevenon of Sexual Harassment) policy in place even before it was made mandatory.

Over the years, the policies have been updated to enhance THE WAY WE RISE the focus on both, physical and psychological safety at the BE A MAHINDRIGHT workplace. To spread awareness about POSH, the Mahindra A L W A Y S R E P O R T W H AT ' S W R O N G Group launched the Speak Up campaign. The 'Speak Up' iniave is a company-wide pledge that All Employees, Directors, Vendors, Suppliers, employees take in order to maintain a safe and harassment-free or other Stakeholders associated with the environment for everybody at work. There is a thin line, which Company can make the Protected Disclosure when crossed, might turn from being overtly friendly to through an e-mail to harassment. The iniave was born with the aim to stem such [email protected] situaons/behaviour that comes across as uncomfortable for an or any other mechanism as prescribed in the individual, then and there, to avoid it becoming an issue that Whistleblower Policy. can be constuted as harassment. The Chairperson of the Audit Commiee can be reached by sending an e-mail to For more on the same visit hps://www.mahindra.com/speakup chairpersonofauditcommi[email protected] or by sending a leer to: Chairperson of the Audit Commiee Mahindra & Mahindra Limited Mahindra Towers, Dr. G. M. Bhosale Marg, P. K. Kurne Chowk, Worli, Mumbai 400018.

GRI 102-8 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 86 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Diversity & Inclusion

Diversity fosters beer decisions, that lead to beer outcomes. Realising the significance of Diversity and Inclusion (D&I) at the workplace, the Mahindra Group has formed Group and Sector-level Diversity Councils. These Councils will provide strategic direcon to navigate the D&I journey and harness the power of individual differences to reap disncve gains.

Equal Remuneration Women in Manufacturing

We do not differenate compensaon amongst employees based At Mahindra, we have been working across levels to ensure women on gender or any other aspects at any of our locaons. get equal opportunies to pursue their dreams. Our iniaves are Remuneraon is based on merit depending on the level, grade, designed to connect with women across the Group to help them number of years of experience, skills and competence and grow in their careers. With our consistent effort, we are striving to performance of the employee. get more women on board.

M&M Average CTC 2019-20 Employee Type Male Female Rao

Sr. Management ,, ,, : . Middle Management ,, ,, : . Junior Management , , : . Management Trainee , , : GET , , : M&M Contract ,, ,, :

INITIATIVE

Women Rising

Redefining the convenonal percepon that only men work in automobile workshops, is our recently launched all-women workshop in Jaipur, Rajasthan. It is India's first such workshop and is a part of our #PinkCollar iniave. The Mahindra Group kicked-off the first batch of Pink Collars in October 2018 and trained 22 girl students at the Mahindra Instute of Learning Excellence, Igatpuri, Maharashtra.

At this high-tech, state-of-the-art training centre, the girls underwent a free-of-cost residenal training programme that focussed on theorecal knowledge and imparted praccal skill development in automove service and repair. M&M is determined to encourage the parcipaon of women in the workforce, parcularly in core sectors, and bring more girls on-board across roles at their automove workshops.

GRI 102-8, 405-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 87

3.98% GRI 102-8, 405-1 Female share of total workforce

8.44% 6.61% Females in junior management Females in all management posions, i.e. first level of posions, including junior, middle management (as % of total and senior management (as % of junior management posions) total management workforce)

4.69% 2.78% Females in management posions in Females in top management revenue-generang funcons (e.g. posions, i.e. maximum two levels sales) as a % of all such managers away from the CEO or comparable (i.e. excluding support funcons posions (as a % of total top such as HR, IT, Legal, etc.) management posions)

Diversity at Every Level

INITIATIVE

Mahindra Shakti - A New Path Towards Women Empowerment and Self-development

While we have extensively worked towards increasing opportunies for women employees at Mahindra, we also offer them support to achieve success in the industry. Mahindra Shak is one such iniave, that takes its name from Goddess Parva and the theme revolves around her Ten Forms of excellence in various fields. In keeping with the theme, we invited guests from different fields and backgrounds who shared their experiences and the journey it took that got them to their posions, today. The aim of the programme is to encourage parcipants and movate them to grow and be successful in their career and lives.

T E N F O R M S O F G O D D E S S P A R V A T I

KALI Time, Creaon, Destrucon, Power | TARA Protecon | SODASHI Personificaon of Fullness and Perfecon BHUVANESHWARI Highest form of Adi Parashak | BHAIRAVI Fierce | CHINNAMASTA Self-sustenance and Self-renewal DHUMAVATI Knowledge of the Universe beyond the Illusory Divisions | BAGALAMUKHI Concentraon and Wisdom MATANGI Power of Learning | KAMALA Consciousness and Creaon

Through this iniave we cover all government apprences and NEEM (Naonal Employability Enhancement Mission) trainees and female contract labour, as well as officers. It is our firm belief that every woman has infinite energy or shak, and through the programme we hope to inspire and encourage our women to manifest the same. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 88 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

TALENT MANAGEMENT Key Learning & GRI 102-8 Development Programmes The difference between accomplishing a task and achieving a goal is talent. Talent works wonders when it is nurtured. At Mahindra, talent Our commitment to care for our employees is evident right from the management is a comprehensively planned and executed process to shop floor to the top floor. In the reporng year too, several new and create leaders from those with known potenal, as well as those ongoing development programmes were conducted for fresh, with untapped capabilies. budding, and experienced talent. Elaborated below are a select few:

Our Talent Management Aspiration Online portal to capture 'Talent Engagement Events' At Mahindra, our aspiraon is to be a globally admired brand and amongst the top companies to work with by 2021. Our Talent A dedicated online portal for Talent Engagement Events, it allows us Management processes are designed to reach this goal by to develop a detailed event calendar for an individual plant, as well quesoning norms and thinking alternavely. We also revamped our as at sector level. Talent Management Architecture with the objecve of building best- in-class leaders across levels, for a future-ready global organisaon. The Auto Sector has various plaorms for employee engagement, involvement, and development of associates. We are working The three key features of this iniave are: towards developing a unified MIS system for all events related to 'Employee Relaons'. The portal enables us to create a seamless flow Ÿ Broadening of target pool in junior and middle management for of all data related to reward and recognion for an individual or focussed development team achievement. This saves me by eliminang the need for Ÿ Providing customised development opportunies to idenfied follow-ups with different plants. We also save me by providing target groups in mid to senior management in focussed vendors with digitally prepared cerficates that can be printed as funconal streams soon as they are accessed. From reports on an individual's parcipaon in events, awards, Ÿ Evolving specific programmes focussed at building experse in rewards, and recognion to all employee relaon audits, such as various areas of Product Development TMW and AFS excellence, the portal serves as a centralised repository. Besides capturing sports events, family connect With this updated process, we aim to nurture, revitalise and retain celebraons and moments of employee appreciaon, the portal also some of the finest talents from across the automobile and farming serves as a plaorm to enable employee development through sectors. Our strategic implementaon structure involves leveraging events, such as I4 Ideas Compeon - a plaorm for ingenious idea individual and team strength. generaon, incubaon and implementaon or Mahindra Skill Excellence to build a diverse set of skills.

The Future Leadership Programme (FLP)

Ÿ By 2021, Mahindra to be amongst the top An 18-month journey in leadership development and talent 50 most admired global brands by enabling management, the Future Leadership Programme (FLP) has been people everywhere to Rise created in partnership with Yale School of Management and Instute of Management Development, Lausanne. The programme Ÿ Rigour in Talent Management process so focusses on developing abilies to foresee and navigate future as to strengthen the talent pipeline challenges. It includes week-long campus snts at Yale, IMD and Mahindra's very own Nashik training facility, along with intense Ÿ By 2021, Mahindra Group to be amongst coaching and discovery visits. We aim to build a pipeline of future the top 25 global companies for leaders to leaders for Mahindra by including talent from different businesses work for and posions across the Group.

Integrated Development Strategy

Mahindra & Mahindra Ltd. offers a plethora of opportunies to employees to hone their skills, reinforce their learning, smulate imaginaon and invigorate passion. We movate our team to go the extra mile through well-integrated growth strategies and diverse engagement tools.

Shadow Boards | Leadership Development | Development Centres 360° Feedback | Rotaon | Fireside Chats | E-Learning Coaching | Individual Development Acon Plans MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 89

Group Management Cadre (GMC) Engineering Trainees Programme

The Mahindra Group Management Cadre is a presgious leadership Every year, we hire outstanding graduates from engineering disciplines programme for students from the top B-Schools in India. The GMC to work predominantly in our Automove, Farm Equipment and IT Programme aims to acquire high potenal individuals who think businesses, as well as in select posions in other sectors. We seek alternavely, while accepng no limits in driving posive change, and independent thinkers with a strong work ethic who are comfortable grooms them to become future leaders of the Mahindra Group. It is taking risks with new ideas and working as team players. a rigorous 6-year programme where the GMC is expected to deliver high performance in challenging roles, while having the learning agility to focus on connuous professional and personal growth in order to be future-ready.

Mahindra Institute of Quality

MIQ is a world-class instute based in Nashik, India. It was created in 2006 to impart Quality Management competencies across the The programme starts with a one-year experienal module focussed Group, and over the years has developed a porolio of training on diverse learnings, wherein the GMC undergoes four snts of three programmes that provide end-to-end quality management lessons months each across industries, geographies and funcons. For the next in areas like TQM, and Manufacturing Excellence programmes like 5 years, the GMC takes on two to three challenging and high impact Lean Manufacturing and Supply Chain Improvements. roles across sectors and businesses, acquiring versale skillsets and experiences, ready to take up crucible roles in the Mahindra Group. Addionally, in associaon with MIQ, Group Sustainability conducts programmes on resource conservaon in Energy, Water and Waste.

The GMC Batch of 2020 will have 15 talented MBA graduates join us as GMCs, adding to So far, the institute has trained the 145 strong talent pool of GMCs currently 35,000 participants with 12% in the Mahindra ecosystem. The Mahindra annual growth in the number of GMC Programme is ranked #7 as preferred participants. As on date, 50% employers of choice by the students of the top participants are non-Mahindra. B-Schools in India, as per the Nielsen Campus Track Survey conducted in early 2020.

Mahindra's Group Management Cadre connues to strengthen Mahindra's posion as an 'Employer of Choice' across B-School campuses and creates a strong talent pool to drive Mahindra's future growth. GRI 102-8 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 90 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Mahindra Universe Programme All academies consult business leaders in the The Mahindra Universe Programme is an annual, on-campus event, Group to identify and prioritise group-wide that gathers 35-40 top global managers of Mahindra and their capability development needs, and aggregate, spouses at the Harvard Business School. Aimed at fostering a whole- curate and create knowledge, to bring about brained approach, this pioneering programme seeks to broaden desired shifts in mindsets and develop the managerial views, provides opportunies to engage with globally desired capabilities. acclaimed faculty and allows managers to take stock of where the world-at-large is headed.

Mahindra Leadership University

The Mahindra Leadership University (MLU) is a strategic iniave to support the Group in its journey of being one amongst the Top 50 most admired global brands by 2021. MLU is the Group's Corporate University and is a plaorm that connects knowledge seekers and knowledge providers across the Group to develop execuves in MLU Academies thus work towards fostering a culture of connuous leadership and funconal competencies. learning, unlearning and relearning. MLU's academies use a laddered approach for programme design and content development. This laddered approach to leadership development recognises and addresses the need for varying inputs tailored to the different levels of leadership.

Skill Development

Launched with the aim to enhance manufacturing skill standards at Mahindra to a global level, Mahindra Skill Excellence (MSE) also aims to bring India to the forefront of global automove skills arena.

Mahindra Skill Excellence (MSE) focusses on 5 core skills

Painting

Welding

MLU is a learning and development iniave at Mahindra that caters exclusively to its employees and partners and is not an accredited educaonal instuon or university. The word 'University' is inclusive in nature and encompasses all learning under one umbrella brand, powered by the unified LMS, MLU's Digital Learning World. CNC Machining MLU converges upon building both leadership and domain capabilies through its various academies, with each academy being headed by a Chairperson and supported by business leaders and funconal leaders from across the Group as academy members. All learning content within Mahindra is hosted under respecve academies. Assembly MLU academies collaboravely work with Sectors in the Group to create and implement a futurisc learning agenda which includes digital learning soluons such as MOOCs, eLearning, webinars, etc., as well as physical face-to-face, instructor-led interacve workshops, as appropriate. Engine Diagnostics GRI 102-8 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 91

CHANGING MINDSETS, CASE TRIGGERING CHANGE STUDY

At different plants of our Farm Division, our manpower mix is different, and it is most evident in the diverse age groups of these employees. It has oen been realised that there is a pressing need to sensise and movate the workforce to become more agile and adaptable to change, due to the age factor - especially when it came to adopng new technologies.

MEASURES AND METHODOLOGY

Pre-digisaon Trainings were held Mindset Building Training programme - Special Trainings for Group at different plants, based on skill 'Nayi Soch Naya Drishkon', meaning Leaders on Mindset requirements with respect to upcoming New Thought, New Perspecve, Transformaon (including changes. The primary iniaons were, was set into moon taking into Leadership Skills) and focussed training on base skills like consideraon concepts of Adaptability, Technical Trainings Assembly, Painng, Machining etc., and Cost Consciousness, Innovave Mindset such as Mechatronics introducon to Mechatronics to all the and Customer Centricity for Cell among others. idenfied employees. Members.

OUTCOME

Increased levels of skill and knowledge as 'Nayi Soch Naya Drishkon' training has resulted in well as increased confidence and morale to developing new perspecves among Cell members handle new changes leading to increase in adaptability

GRI 102-8 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 92 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

EMPLOYEE ENGAGEMENT

Engagement nurtures a sense of belonging. At Mahindra, we believe that employee engagement is one of our most significant best pracces which amplifies our potenal to Rise. When executed with diligence, it enables us

To motivate our people

Garner feedback

Enhance employee involvement

Increase individual productivity

MAHINDA RISE AWARDS 2019

The Mahindra Rise Awards celebrate the Rise credo, our business philosophy that drives everything we do at the Mahindra Group. Its three main principles - ACCEPTING NO LIMITS | ALTERNATIVE THINKING | DRIVING POSITIVE CHANGE are embodied by the winners of these awards.

This year too, employees of the Mahindra Group, got together to celebrate their achievements at the Mahindra Rise Awards 2018 at The Nehru Centre in Mumbai. Diversity, Synergy, Safety, Sustainability, Innovaon, Veerta, The Mahindra Way and Esops were the themes for the evening, bound together by the common thread of 'Rise'. This year three Mahindra-ites who righully deserved the Mahindra Veerta Award le everyone inspired by their brave acons including the saving of people from drowning in a river, fighng fire in apartment blocks to rescuing 200 senior cizens and differently-abled people.

The award funcon also served as a plaorm for the employees of Mahindra, elected from the much- loved 'Mahindra Has Talent' M A H I N D R A V E E R T A A W A R D E E S exercise, to showcase their diverse talents in the field of music and dance. GRI 102-8 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 93

CASE MAKING SUSTAINABILITY PERSONAL STUDY

With the Making Sustainability Personal (MSP) iniave, we aimed to create a plaorm to engage employees as they make sustainability a part of their personal life. It enables our employees to make a contribuon every day that goes beyond the workplace. Several programmes and compeons were organised as a part of our MSP iniave.

'MAHINDRA EARTH WARRIORS' CARBON COUNT

SUSTAINABILITY HOUSIE GAME CO2 FOOTPRINT CALCULATOR

We hosted an online game of Over Other engagement iniaves included A total of Housie that raised awareness 1,000 • Carbon Count - a tool to calculate 2,888 about sustainability iniaves CO2 footprint of an individual in a fun way for our employees. employees and suggest ps to reduce it employees It listed steps individuals could parcipated in • Sale of LED lights joined in all take in their personal lives to the game from • Compeon to reduce the residenal the iniaves promote sustainability. the AFS sector. electricity bills • Plasc collecon drive combined.

Addionally, we rolled out a 'Say No to Plasc' iniave and 952 kg from Mahindra Towers, Worli, embarked on a plasc collecon A total of 2,232 kg 794 kg from Sewri, 304 kg from MITC, Kandivali and drive with employee volunteers. of plasc waste was collected 182 kg from Gateway Building.

Through these iniaves, we hoped to communicate two core messages to our employees. Firstly, we emphasised on how each individual could do their bit in living sustainably and make a significant impact with the Eco Warrior campaign. The focus was on enhancing everyday sustainability acons of employees at home, society or area taken to conserve natural resources like replacing leaking taps and installing aerators to save water, using cloth bags instead of plasc, and segregang waste into recyclable and non-recyclable bins. Next, we also encouraged employees to nominate their colleagues as Sustainability Heroes for exemplary commitment to imbibe sustainability in their lives and in their sphere of influence.

This Naonal Energy Conservaon Day, On Biodiversity Day we held a photo We conducted quizzes on Green we made available engaging and compeon for employees across the Consumer Day as well as World informave wallpapers for phones, organisaon as well as an informave Water Day, which saw a total resulng in around 19,000 downloads. quiz on World Environment Day. parcipaon of 3,500 employees.

During the reporting period 30,978 employees were engaged through the MSP initiative.

GRI 102-8 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 94 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

G4

CII Water GRI training Conclave Factory Engagement across all plants Programme with ISC

CII Conference Sustainability Summit 'Waste to Resource - Sustain 2019 EMPLOYEE Circular Economy' CAPABILITY An integral part of our Employee Value Proposion BUILDING is enhancing capabilies of our employees. To sharpen and develop the capabilies of our employees, we conduct or parcipate in conferences and training programmes throughout the year. Some of the programmes include:

Human Rights training across all plants Zero Waste to Landfill

POLICIES INITIATIVE Policies govern pracces, and pracces guide the evoluon of policies. Our HR policies echo our people management pracce. With a wellstructured framework, we ensure harmonious implementaon of policies through a central HR Council. The Council comprises business sector HR Heads, who address all maers related to labour pracces. Employee As a part of Mahindra Group, M&M Ltd. ensures effecve implementaon of the Connect following policies: Centre App Human Resource Policy It was idenfied that Engineering Research officials were losing valuable me by manually The core objecve of our HR policy is to carrying out me management decisions of the ensure equal dignity and equal workmen. In order to access their documents opportunies for all employees by aiding in: such as aendance reports, payslip, credit, personal details and so on, it had to be done Ÿ Resource planning by mapping skills manually, and through the ER&D officials. and opportunies of our employees, To tackle the issue, we leveraged technology leading to enhanced job sasfacon and developed the Employee Connect Centre Ÿ applicaon to simplify and standardise the Seng high standards of employee workmen me management process. behaviour and ensuring dignity of each employee irrelevant of seniority The app has become a one-stop data centre or hierarchy for workmen to access their personal details, reducing unproducve, me consuming Ÿ Garnering valuable employee acvies while opmising the me-office feedback through robust employee process for ER&D officials. relaons iniaves and periodic employee surveys

GRI 102-8 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 95

Employee Relations Policy

Our employee relaons policy focusses on fulfilling the following objecves:

Ÿ Achieve organisaonal goals with acve involvement of employees

Ÿ Focus on aracng, retaining and nurturing people with relevant skill sets and competencies

Ÿ Create a mutually beneficial and producve industrial climate

Ÿ Manage employees fairly and transparently

Collective Bargaining Agreements for F20 Minimum Notice Period of (Permanent Employees) Operational Charges

Unionised 96% Non-unionised 4% In F20, Mahindra & Mahindra Ltd. abided by all permanent regulaons in leer and intent while employing unionised labour. We adhere by Breakup of Unionised Number Total The Industrial Disputes Act, 1947 in all our labour relaons. Permanent Employees (Unionised) strength The Act specifically menons a three-week noce period for all Bharaya Kamgar Sena , , operaonal changes and provides consultaon and negoaon opportunies during the noce period. A new agreement reflecng Mahindra & Mahindra Employees Union , , the changes can only be arrived at, if all involved have given their Mahindra & Mahindra Workers Union , , consent. Mahindra Kamgar Union Central Union Trade Union Employee Representaves WORKFORCE SNAPSHOT Punjab Tractors Worker's Union (Regd.) Swaraj Forging Worker's Union Employment Distribution Swaraj Worker's Union Swaraj Engines Workers' Union Total , ,

Collective Bargaining Agreements for F20 (Contract Employees)

Unionised 31% Non-unionised 69%

Breakup of Unionised Number Total Contract Employees (Unionised) strength

Bharaya Kamgar Sena , Shramik Sanghatana General Industries Kamgar Union Mahrashtra Rajya Mathadi, Vahtuk Sector Transport & General Kamghar Union Male Female Total AD , , Total , FD , , SD , , Parental Leave Policy SBU , ,

At Mahindra, our parental leave policy is in line with the best pracces MRV , , followed across the industry. Our good retenon track record reflects Overall Result , , , the flexibility and benefit of these policies. New mothers are encouraged to take me out to tend to their new-born child's needs and re-join the workplace at the end of their maternity leave. GRI 102-8, 102-41 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 96 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Employment Grade & Type

Sector Senior Middle Junior Workman Fixed Term Third Party Others Total Management Management Management Contract Contract

AD , , , , , , FD , , , , SD , , , SBU , , MRV , , , , Overall Result , , , , , , ,

Employment Grade, Type & Gender: Permanent Employees

Sector Senior Middle Junior Workman Total Management Management Management

Male Female Total Male Female Total Male Female Total Male Female Total Male Female Total

AD , , , , , , , , FD , , , , SD , , , , SBU MRV , , , , , , Overall , , , , , , , , Result

Employment Grade, Type & Gender: Non-Permanent Employees

Sector Fixed Term Contract Third Party Contract Others Total

Male Female Total Male Female Total Male Female Total Male Female Total

AD , , , , , , FD , , , , , , SD , , , , SBU , , , , MRV , , , , Overall , , , , , , , , Result

GRI 102-8 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 97

Gender Composition, Employee Turnover & Rate of New Hires Entering & Leaving

Sector Head count Turnover Rate (%) New Hire Joining Rate (%) New Hire Leaving Rate (%) Male Female Male Female Male Female Male Female

AD , FD , SD , SBU , MRV , Overall Result , ,

Age Composition

Sector Turnover Turnover Turnover New Hire New Hire New Hire New Hire New Hire New Hire Rate Rate Rate Joining Rate Joining Rate Joining Rate Leaving Rate Leaving Rate Leaving Age <30 yrs Age 30-50 yrs Age >50 yrs Age <30 yrs Age 30-50 yrs Age >50 yrs Age <30 yrs Age 30-50 yrs Rate >50 yrs (%) (%) (%) (%) (%) (%) (%) (%) (%)

AD . . FD . . . SD SBU MRV Overall Result

Training (Average Manhours | Employee)

SENIOR MANAGEMENT

Total Training Hours No. of Employees Trained Average Training Hours Sector Male Female Total Male Female Total Male Female Total

AD . . FD . . . SD SBU DNA DNA DNA . . MRV DNA DNA DNA

DNA - Data Not Available

GRI 102-8, 401-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 98 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

MIDDLE MANAGEMENT

Sector Total Training Hours No. of Employees Trained Average Training Hours

Male Female Total Male Female Total Male Female Total

AD , , . . . FD , , . . . SD , , . . . SBU DNA DNA DNA . . . MRV , , DNA DNA DNA . .

DNA - Data Not Available

JUNIOR MANAGEMENT

Sector Total Training Hours No. of Employees Trained Average Training Hours

Male Female Total Male Female Total Male Female Total

AD , , , , . . . FD , , . . . SD , , . . . SBU DNA DNA DNA . . . MRV , , , DNA DNA DNA . . .

DNA - Data Not Available

WORKMAN

Sector Total Training Hours No. of Employees Trained Average Training Hours Male Female Total Male Female Total Male Female Total

AD , , , , . . . FD DNA DNA DNA . . SD , , , , . . . SBU DNA DNA DNA MRV , , DNA DNA DNA . .

DNA - Data Not Available

FIXED TERM CONTRACT

Sector Total Training Hours No. of Employees Trained Average Training Hours Male Female Total Male Female Total Male Female Total

AD , , . . . FD SD , , . . . SBU , , DNA DNA DNA . . . MRV

DNA - Data Not Available

GRI 102-8 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 99

THIRD PARTY CONTRACT

Sector Total Training Hours No. of Employees Trained Average Training Hours

Male Female Total Male Female Total Male Female Total

AD , , , , . . . FD DNA DNA DNA . . SD , , . . SBU , , , DNA DNA DNA . . . MRV

DNA - Data Not Available

OTHERS

Sector Total Training Hours No. of Employees Trained Average Training Hours

Male Female Total Male Female Total Male Female Total

AD , , , , . . . FD . . . SD , , . . . SBU , , DNA DNA DNA . . . MRV

DNA - Data Not Available

Human Rights Training (Man-Hours)

Sector Workman Fixed Term Contract Third Party Contract Others

Training Employees Training Employees Training Employees Training Employees on Human Trained on Human Trained on Human Trained on Human Trained Rights (hrs) (%) Rights (hrs) (%) Rights (hrs) (%) Rights (hrs) (%)

AD , , , FD , ,

Parental Leave - Return to Work and Retention Rates After Parental Leave by Gender

Sector Employees Employees Employees Employees returned Return Retenon entled to on parental returned aer aer parental leave to work rate (%) parental leave leave parental leave and sll employed rate (%) aer 12 months

Male Female Male Female Male Female Male Female 2019/20 Male Female AD , FD , SBU MRV ,

GRI 102-8 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 100 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

RESPONSE TO COVID-19

At M&M, we have always maintained that our people are most important to us. Before we get back to work, it is crucial for us to go beyond standard protocols and put in place certain Standard Operang Procedures (SOPs), to ensure that while business resumes smoothly, the safety of our people is not compromised.

Measures taken for our employees at all our office locations

Ÿ A Group-level Rapid Acon Force (RAF) has been Ÿ We have implemented a Work from Home formed to constantly monitor the situaon and plan wherever appropriate and feasible, while suggest swi and effecve acon plans, in case ensuring business connuity. Employees have of an emergency been asked to leverage a host of technological tools at their disposal to facilitate smooth and Ÿ An emergency helpline has been set up agile collaboraon within, and across teams

Ÿ A 'Back to Workplace' handbook has been put Ÿ Frequent cleaning, sanisaon and together to guide employees on the dos and fumigaon inside the premises don'ts when it comes to praccing safety at the workplace Ÿ Restricons have been imposed on domesc and all internaonal travel Ÿ An awareness campaign has been launched to educate and sensise our employees about the Ÿ We have postponed all our internal events virus, symptoms and prevenon, the importance which required large gatherings of social distancing and personal hygiene, and urging them to seek immediate medical Ÿ We have a visitor management protocol in assistance if required. The campaign also stresses place where only pre-registered visitors are the importance of remaining calm and staying allowed into the office premises informed through credible sources of informaon

OUR APPROACH IS OUTLINED IN THE 'BACK TO WORK' HANDBOOK AND INCLUDES FOUR FOCUS AREAS

1 2 3 4 ORGANISATIONAL INDIVIDUAL TEAM & SOCIAL GOING WELL-BEING WELL-BEING WELL-BEING FORWARD What employees What the Guidelines for individuals Steps to adjust can expect inside organisaon expects and teams to maintain social and living the the office from employees distancing and social hygiene new normal at the workplace

Apart from these measures, we have rolled out Stay Healthy and Stay Safe online sessions for our employees' health and wellness. These sessions include online classes for Yoga, Kickboxing and Pranic Healing among others.

GRI 103-2, 103-3, 413-1 PRODUCT STEWARDSHIP

INTRODUCTION

Mahindra is committed to think and act differently in developing true alternative solutions that align with the larger purpose of making the environment and society a better place. Even in the post COVID-19 world, the three pillars of our Rise Philosophy will hold us in good stead and ensure that we continue creating products that offer more value for our stakeholders.

ACCEPTING ALTERNATIVE DRIVING RISE PHILOSOPHY NO LIMITS THINKING POSITIVE CHANGE

Our products are used by millions around the world as they offer great economic value, besides providing them with safety and sustainability that has been embedded into them right at the design stage. As a manufacturer, it is our responsibility to reuse and recycle these products once their useful life ends to maximise resource producvity and reconfigure unsustainable consumpon paerns. Together with our stakeholders including suppliers, dealers, etc., we are making sure that our products are affordable and accessible and, at the same me, are good for the health of the people and the planet even aer their useful life ends.

GRI 103-2, 103-3 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 102 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

This year, we connued to introduce new products and soluons across categories in the automove and farm equipment businesses. Some of the key launches include new base variant W3 of XUV5OO, Bold new TUV3OO, Automac XUV3OO, Trakstar DLX, Bolero City Pik-Up and Camper range, among others. Staying true to the pillar of driving posive change, even during the on-going COVID-19 health crisis, Mahindra connued to find innovave ways in minimising impact on our employees, administering health services to the public at large, and to bolstering the disadvantaged secons of society who have been catapulted into dire poverty and unemployment. The team at Mahindra showed agility, quick response and creavity in responding to the societal needs of combang the pandemic from making face shields and PPEs for frontline health workers, to designing low-cost venlators for paents and making hand sanisers for people to keep the virus at bay.

MANAGEMENT APPROACH

We follow a proacve approach to creang innovave and sustainable products and soluons that provides value for our stakeholders. There are two - the Urban and the Rural - and we understand their specific needs. Our products and soluons may differ in these two areas, but our purpose remains the same: to empower people to rise. This approach ensures we make products that far exceeds the expectaons of customers. In urban India, our focus is on providing mobility soluons that reduce congeson, polluon, curb road fatalies, and increase accessibility to enhance the living experience. While in rural India, our sustainable soluons in tractors and farm equipment accelerate agricultural growth, increase farmers' income and enhance rapid rural development.

Mahindra is a global company based out of India. Be it connected cars that give a sense of safety and security, to autonomous vehicles which help decrease accidents and increase efciency; shared mobility services which reduce congestions and emissions, to electried powertrains, which do not consume fossil fuel; we are using technology and innovation as a product differentiator.

This differenaon has led to product preference and repeat purchase behaviour among our customers. Mahindra has always been associated with naon-building iniaves and has been one of the leaders in promong the Make in India movement. Innovaon has been at the core of product development at Mahindra and our FUTURise framework shapes our ambion to transform ourselves into a global innovaon powerhouse driven by technology.

THIS APPROACH IS ROOTED IN THREE DO MORE WITH LESS DO IT TOGETHER DO IT FOR ALL GUIDING PRINCIPLES MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 103

Customer Satisfaction

Mahindra has been delivering products that delight customers and exceed their expectaons, making them want to come back to us me and again. We also believe that the experience of buying a great product should be equally good. Our new Customer Experience Centres have been set up at our dealerships to showcase cars, such as the Alturas G4. This experience is not limited to our urban consumers - our rural customers too go through similar experiences while purchasing tractors and related products.

During the reporting year, 471,141 vehicles and 301,915 tractors were sold.

Following are some of the key iniaves taken up in the year to exceed customer expectaons:

Mahindra adds Apple CarPlay to Enabling FarmTech Feature Packed XUV5OO Prosperity

Offering customers convenience, connecvity and safety has Mahindra is changing the narrave around agriculture from subsistence to been the mainstay of our vehicles. In yet another step in this sustainability through investments in key technologies like micro-irrigaon, direcon, Mahindra introduced Apple CarPlay to the premium crop care, advanced seeds and digital plaorms. Our revoluonary tractor SUV, XUV5OO. With this update, the XUV5OO now offers both and agriculture-equipment rental services, TRRINGO has already been Android Auto and Apple CarPlay connecvity in addion to its successful in helping farmers from over 1,000 Indian villages. extensive connected features like Connected Apps, Emergency Mahindra also introduced India's first-ever Autonomous Tractor Call and Ecosense. technology and became the first OEM to offer a cloud-based plaorm Apple CarPlay is a simple and intuive interface, with integrated for tractors with DiGiSENSE. We are covering every aspect of the process steering controls and powerful voice acvated funcons to from preparaon of land to addressing post-harvesng requirements minimise distracons and enable the driver to stay focussed on while ensuring the process is cost-effecve and significantly boosts the road, ensuring safety of the driver and passengers. farmers' income. Addionally, we also provide farmers with a reliable value chain for distribuon of their agricultural produce at compeve rates ensuring deliverance of consistent prosperity.

Opening Up a Mahindra and Meru Drive 'World of SUVs' Shared Mobility in India

Mahindra is revoluonising the dealership experience through Shared mobility can decongest roads in urban centres of India and bring digital technology by reimagining the purchase and ownership down emission rates that have a negave impact on human health and of the vehicles. We launched 'World of SUV' dealerships offering the environment. As part of its efforts to shape this aspect of the Future a mix of the virtual and the real world. The new 'World of of Mobility, Mahindra & Mahindra Ltd. has acquired a 55% equity stake SUVs' takes buyers through a digital journey from pre-purchase in Meru Cabs - the ride-hailing service provider. As the pioneers of all the way to ownership. The premium outlets display the enre electric vehicles and related technologies in the country, we have always Mahindra vehicle line-up and debut its unique 'showroom-in- been at the forefront of leading the change toward smart and sustainable showroom' concept, with separate prime zone display areas for mobility. With this takeover, we will hold the majority stake in Meru Cabs Mahindra's premium SUVs - the Alturas G4 and XUV5OO. and will take on the likes of industry behemoths, Ola and Uber. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 104 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

ENVIRONMENTAL IMPACTS

Thinking alternatively leads to innovations shapes our ambition to transform ourselves into a global innovation FUTURise powerhouse driven by technology.

Our approach to innovaon is rooted in three guiding principles that bind us and form our core For instance, Mahindra led the change by belief. It empowers us with purpose and direcon. It guides all our business investment acons invesng more than INR 1,000 crore in and embodies our commitment to our people and planet. developing new petrol and plaorms to comply with stricter BS6 emission norms as the Government of India announced a shi from BS4. Do More With Less focusses on deriving more output from every We connue to do good for the environment unit of input. Do It Together is about going forward by building with our electric vehicles, shared mobility synergies and foster powerful partnerships to multiply the power services and connected cars, to reduce of ideas and Do It For All is to make innovations accessible in environmental impacts. We also ensure end- improving the quality of life of every person on the planet. to-end sustainability of our products and once they are out of the use phase, they are either recycled or disposed of sustainably.

SPEARHEADING SUSTAINABLE MOBILITY

Life Cycle Assessment

Mahindra's perspecve on the enre life cycle of products and services helps us create products which have less impact on people and the planet - right from input materials, designs, transportaon, manufacturing and consumpon to the end-of-life of the product. We have been following the End-of-Life of Vehicles (ELV) Direcve for the European M1 and N1 products as part of the compliance. The vehicles are exported and cerfied as per European Emission Compliance (EEC) Direcve 2005/64/ EC. We worked on an experimental basis to evaluate full LCA. For this study one UV pickup model Bolero Maxi Truck (BMT) and one XUV5OO assessment have been completed. Some of the long-term, mid-term and short-term recommendaons that came out during the LCA are being considered for the global XUV5OO: L O N G - T E R M A weight reducon of around 100 kg at the design stage leading to a reducon in fuel S H O R T- T E R M consumpon of approximately 0.3 to 0.5 litres Ÿ per 100 km which will result in reducon of CO2 Cleaner fuels for manufacturing emission of 8 to 11 grams per kilometre from by changing of fuels from Diesel the current levels of 166-170 grams. In the to PNG and increasing rao of enre life cycle, a total of 4,137 litres of diesel renewable energy (22% savings) can be saved and 10,967 kg CO2 Ÿ Implementaon of ISO 50001 equivalent savings in the Global Warming energy management system Potenal (16% savings) can be achieved.

M E D I U M - T E R M Replacement of heavy material with lighter material, such as polymers, and use of more recyclable material can improve end-of-life recovery. Extending life of tyres from 60,000 km to 100,000 km showcases a savings of 38% in the GWP in the maintenance phase of the XUV5OO W10.

These recommendaons are being considered in the development of the new global XUV5OO. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 105

Besides, the CO2 emissions of the vehicles are evaluated during the type approval test at government approved

test agencies and this data is used to assess the CO2 impact of products as company weighted average fuel consumpon (CAFC), to align with a future fuel economy emission regulaon in India.

CERO TO HERO | Where the End Means a New Beginning

End of useful life of a product can be a new beginning. At Mahindra, we are ensuring that the raw materials from vehicles discarded as scrap get a new life to reduce fresh consumpon in making vehicles.

Mahindra has joined hands with the Government of India to set up Cero, India's rst government authorised vehicle recycling company, to reduce environmental impact through the recycling of scrap vehicles.

Currently, Cero has set up two world-class facilies at Greater Noida and Chennai and has aggressive plans to be present at 25 locaons across the country in the coming years. Mahindra Accelo (previously known as 'Mahindra Intertrade') and MSTC Ltd. (a Government of India Enterprise) have joined forces to establish Cero to achieve these goals.

Cero means zero in Spanish. For us, it stands for-

POLLUTION WASTAGE TOLERANCE

Ztowards unethicEal and illegRal pracces andO zero import of metal scrap. It symbolises an effort to create a Zero Waste, Zero Polluon ecosystem. With this iniave, Mahindra is #DRIVENBYPURPOSE TOWARD A ZERO WASTE TOMORROW. The enterprise helps clean the air, make the roads safer, and conserves natural resources which go into making steel. It is also generang more avenues of employment and steering toward the vision of 'Make in India'. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 106 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

BEING FUTURE READY CASE PROVISIONS FOR END-OF-LIFE VEHICLES STUDY

Mahindra has vowed to put old pollung vehicles off the None of our major models have any hazardous materials like road and confine them to the scrapyard. lead, cadmium, mercury, etc. Also, dismantling manuals have It serves two purposes: been developed for the first me for Mahindra vehicles. We have instuted special processes to ensure compliance to EEC direcve 2005/64/EC for ELV regulaon. Boosts the demand of new, more efcient vehicles on the road which will For European exports, in line with the EC direcve on 1 help reduce the impact on environment

The reuse of scrap materials like steel and aluminium for manufacturing new RECYCLE RECOVERY REUSE 2 vehicles, thereby reducing new material (RRR), here are the recyclability rates of some of our best- consumption selling passenger vehicles:

XUV5OO We are taking effecve steps to store, treat and dispose of the end-of-life vehicles, responsibly. We are aligned with the "ELV 93.9% Direcve" by European Union, which is aimed at dismantling and recycling of ELVs, making them more environmentally friendly by:

Prevention of certain Achieving reuse, recycle heavy metals & recovery targets

De-pollution Polymeric Dismantling Scorpio pickup of uids parts marking manual 95.3%

The scope of the direcve includes: Ÿ M1 and N1 category of vehicles Ÿ Regulaon applies to vehicles including all their components and materials Scorpio Ÿ Regulaon applies irrespecve of how the vehicle has been serviced or repaired 94.5% MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 107

NEW DEVELOPMENTS | AUTO

MAKING XUV5OO MORE TUV3OO ACCESSIBLE IS THE WITH W3 NEW BOLD

Making the plush XUV5OO more accessible to customers, more Mahindra launched the bold new TUV3OO with enhanced comfort efficient and environment friendly, Mahindra & Mahindra and safety features for customers. The interiors of the new TUV3OO introduced a new, entry-level W3 variant of its premium SUV, are designed by the legendary Italian design house, Pininfarina. The XUV5OO, at a compeve price. The XUV5OO W3 comes with Cushion Suspension Technology and opmised ride height offer a projector headlights, engine start-stop (mild-hybrid system), power beer drive experience. Addionally, the Tough Body Shell made of windows for front and rear seats, electrically adjustable ORVMs High-Strength Steel ensures occupant safety. The TUV3OO is based (although not power folding), central locking, and front and rear on a chassis derived from the . The hi-tech features, air-condioning. The W3 is also equipped with dual front airbags and such as the new reverse parking camera, 17.8 cm infotainment ABS with EBD as standard. system with GPS, Stac Bending Headlamps and Micro-Hybrid technology ensure that the best technology is available for its owners.

'BABY CHEETAH' SPRINTS TO BS6 NORMS BS6 READY BOLERO

Mahindra launched its first BS6 compliant SUV, the stylish and thrilling XUV3OO. The BS6 version of the XUV3OO, the 'baby cheetah' will be available on all its 1.2-litre turbo petrol offerings. Mahindra Bolero Power+ model received a BS6 readiness cerficaon from the Internaonal Centre for Automove Technology (ICAT) and became the first ulity vehicle in India to be BS6 ready. With safety upgrades, the Bolero range is also now equipped with enhanced safety features like driver's side airbag, ABS, rear parking sensors, seatbelt reminders for the driver and front passenger, a speed warning system, and a manual override for the central locking system.

NEW BOLERO CAMPER RANGE INTRODUCES NEW Mahindra introduced the new Bolero Camper range with more comfort, addional convenience and a more premium design interior BOLERO and style. The range includes a new premium variant named Camper CITY PIK-UP Gold ZX, featuring an increased payload capacity of 1,000 kg, keeping in mind the dual purposes of passenger and cargo movement. It comes with a spacious double cabin design which helps ease ingress and egress. This stylish pickup also offers features The new Bolero City Pik-Up has been developed keeping in mind the such as the faux-leather seats with head rest, recliner and slider need for easy manoeuvrability, ruggedness and comfort. The new which help to improve its ergonomics and reduce driving fague; model boasts a strong suspension, with the rear suspension new body graphics, power windows, central locking, power steering strengthened to take any type of load in city driving condions. The and retractable seat belts for enhanced safety and convenience. cabin ergonomics have been further enhanced with a wider co-driver seat, giving the best driving experience during intra-city business trips. All these make the new City Pik-Up an ideal pick for urban goods transportaon. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 108 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

SUPRO MINITRUCK VX EXPANDS SUPRO PLATFORM MODEL RANGE OPTIMO

Mahindra launched Supro Minitruck VX, a new variant of the Mahindra unveiled Loadking OPTIMO Light Duty for the cargo industry. company's popular Supro minitruck plaorm. Designed for ease of It introduced a pper opon to take care of specific applicaons like intercity and intracity business needs, the VX variant is equipped sand mining and construcon. The Mahindra OPTIMO LD comes with with bigger 13-inch tyres and 170mm of ground clearance, providing • Best-in-class fuel efficiency • Best-in-class loading span the user the capability to carry higher load effortlessly, lower fuel costs and enable a faster turn-around me, thereby improving their • The compact, overall architecture gives extra agility earnings. It comes with class leading mileage of 23.17 kmpl and reach to the last mile mileage buy back guarantee, with leaf spring front and rear suspension for carrying heavy loads over any terrain.

JAYO TO COSMO DIESEL PROVIDE FUEL & CNG FOR ECONOMY PERFORMANCE

The DI3200 JAYO truck is all about more fuel economy and higher The COSMO buses from Mahindra comes with the advanced CRD loading capacity. Equipped with the latest technology - FuelSmart engine meeng BS4 engine norms which gives you an experience of Switches leng the customers choose between superior mileage great performance without compromising on profits. This CRD and unmatched power. Power steering ensures easy manoeuvrability engine delivers opmum power and superior fuel economy. At the and increased driving comfort. Furthermore, it comes with clear lens same me, it makes sure the environment breathes a lile easier. headlamps that provide beer illuminaon. COSMO tourist buses come in regular diesel and CNG models.

CRUZIO BUS RANGE TO TRANSFORM TRANSPORT

Mahindra became a full range player in the CV segment with the launch of CRUZIO buses. Aimed at the Employee Transport, Maxi Cab and School Bus segments, CRUZIO is all set to be a game-changer. It is one of the safest, most ergonomically designed and comfortable bus range that is expected to set new standards in the industry. Bus operators in this segment were clearly looking for a soluon that can balance end-user benefits, as well as help them opmise costs, seng new benchmarks for performance, earnings, and deliver a best-in-class value proposion to customers. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 109

NEW DEVELOPMENTS | FARM

TRAKSTAR DLX MAHINDRA FOR BETTER JIVO 365 DI OUTPUT AND 4WD HIGHER INCOME

Robust and powerful, the new Mahindra JIVO 365 DI 4WD is a Affordable farm mechanisaon ensures higher farm output and beer lightweight tractor designed especially for applicaon in paddy fields. income for the farmers. Mahindra has been bringing new soluons JIVO 365's advanced DI engine gives unmatched power and best-in- that serves both purposes. Gromax Agri Equipment launched a new class mileage. It is the first tractor in India equipped with the deluxe variant of tractors Trakstar DLX with a range of highly revoluonary Posion-Auto Control (PAC) technology that makes it compable Trakmate implements, including culvators and rotavators. an absolute Master of Puddling. The ADDC Hydraulics enabled with Trakstar, introduced in 31 hp and 40 hp categories, offers new styling, PAC technology help you work effortlessly without constantly easy control switch, so clutch and improved leg room, it offers a adjusng the PC lever, thereby delivering superior performance. This unique proposion to value seeking farmers and covers 80% of the lightweight 4WD Puddling Master, when used with Mahindra's 1.6m Indian tractor market. The DLX variants come with 350 hours service Gyrovator gives a uniformly levelled field and, hence, beer quality of interval, thus reducing visits to service staons as well as the cost of puddling without geng stuck in wet condions. Get the new ownership. Mahindra JIVO 365 DI 4WD to experience Power, Performance and Profit like never before.

963 FE - 742 FE - MADE FOR DEFINES FARMERS BY POWER THE FARMERS

Swaraj 742 FE is a 42 hp tractor. It is fied with a powerful and fuel The new Swaraj 963 FE is full of brilliant features to fulfil the needs efficient, 3-cylinder engine. It inherits Swaraj DNA and offers highest of every farmer. 963 FE, a tractor that can overcome any obstacle, engine CC and torque in its category. It is equipped with advanced is built on the pillars of power, trust and reliability. innovave features like Mul Speed reverse and forward PTO, The engineers at Swaraj have a keen understanding of farmers' needs power steering, single and dual clutch, beer braking efficiency because most of them are farmers themselves. It is this very experse and boasts of having less maintenance costs. This tractor is suitable of theirs that makes the Swaraj 963 FE stand apart from the rest. for puddling operaon, implements like rotavator, culvator and haulage and other agricultural operaons. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 110 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

NEW DEVELOPMENTS VENTILATORS, FACE MASKS & SANITISERS

We started Offered the government We made face shields making our resorts as temporary designed by Ford Motor, and venlators in care facilies for the hand sanisers to equip record me. frontline health workers. people to stay safe.

Mahindra went out of the domain to pitch support in ghting the COVID-19 pandemic.

We also began making Personal Protecve Equipment (PPE) to protect doctors and frontline health workers in their fight against the coronavirus.

Apart from this, Anand Mahindra, Chairman of Mahindra Group announced a slew of measures. He contributed 100% of his salary and encouraged associates to voluntarily contribute to create a fund for helping businesses and self-employed people, who were worst by the pandemic.

VENTILATORS FACE MASKS SANITISERS

As India faced a shortage of the lifesaving Unavailability of protecon gear for doctors, Mahindra commenced producon of hand medical devices, Mahindra started working nurses and the paramilitary workforce sanisers to help fight the on-going on prototypes of low-cost venlators. led Mahindra to join hands with the Saral COVID-19 pandemic in the country. Kandivali and Igatpuri teams confined team to make 3-ply surgical masks. The unit The formulaon, licencing and tesng phases themselves to the factories and produced a was set up at our Kandivali auto factory. were completed, and the saniser has been working prototype in 48 hours. The surgical masks will be UV-sterilised and approved for producon by the authories. come with a bacteria filter layer of 99.95% efficiency. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 111

HEALTH AND SAFETY IMPACTS

For Mahindra, safety is a top priority and it is an essenal requirement for our ABS ESP products to make them road worthy. Our vehicles meet the Indian market XUV with ABS with Hill Hold/ ISOFIX High Electronic regulaons on emission, noise and safety 6 Airbags EBD Descent Child Seat Strength Stability which are enforced through Central Motor Standard Control on KUV1OO Steel Programme Vehicle Rules. Compliance of other safety (ESP) requirements like a crash, seat belt anchorage, head impact, steering impact, pendulum impact is also required under In terms of safety technologies, CMVR. All our vehicles comply with the we are pioneers in the market exisng norms. with many rsts in India launches.

Auto Division

We connue to improve our safety going x2 beyond compliance while benchmarking Dual Seat Belt Chassis with Front Electrical and our safety standards to global benchmarks. Airbags Pretensioner Hydroform Crash Electronics Security Features Sensors Technologies

H E R E A R E S O M E O F T H E L A T E S T S A F E T Y F E A T U R E S I N O U R N E W P R O D U C T L A U N C H E S

XUV3OO Marazzo Alturas G4

Mahindra XUV3OO has established a new Ÿ Global NCAP safety rang - 4-star Ÿ Electronic Parking Brake with Auto benchmark in terms of vehicle safety in India. Ÿ An-lock Braking System (ABS) Hold feature Following are the first-in-segment features Ÿ Cruise Control provides stability that it offers. Ÿ Seat Belt Reminders (SBR) Ÿ 9 airbags for passengers and driver Ÿ First-in-segment: Ÿ ISOFIX Ÿ Electronic Stability Programme (ESP) - 7 airbags including knee airbag, dual- Ÿ Airbags for driver and co-driver Ÿ front, side and curtain airbags Ÿ Energy Absorbing Steering Column Acve Rollover Protecon (ARP) Ÿ - Disc brakes on all 4 wheels (among Sub Ÿ 3-pt seatbelts for all occupants Brake Assist System (BAS) 4-metre Compact SUVs) Ÿ Ÿ For the front occupants Crash Hill Start Assist (HSA) - Front parking sensors Locking Tongue & Pre-tensioning and Ÿ Tracon Control System ABS + EBD Ÿ Heated ORVMs load liming technology Ÿ Emergency Stop Signal Ÿ Ÿ Electronic stability programme with High strength occupant protecon Ÿ Hill Descent Control (HDC) Dynamic Steering Torque, Hydraulic Brake cage structure Ÿ Assist, Roll-over Migaon and Tracon Ÿ Ultra-high strength steel quad frame Low speed bumper protecon against structure Control, together with Hill Start Assist parking lot type accidents Ÿ Ÿ Side impact beams and front ABS and EBD standard across all variants Ÿ Laminated front glass Ÿ crumple zones Front and rear fog lamps Ÿ Front crash sensors Ÿ Ÿ ISOFIX mounts for child seat ISOFIX child seat with top tether mounts Ÿ Engineered door trims to minimise Ÿ Immobiliser ensures convenience Ÿ Tyre-tronics (tyre pressure and injuries in side impact temperature monitoring system) Ÿ 3-point seat belt on all out-board seang posions EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 112 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

TREO ELECTRIC SCORPIO XUV5OO

• Strong crash guard with dent • ABS with EBD • ABS with EBD and rust-free body • Dual airbags • Dual, side & curtain airbags • Comfortable, noiseless and • Speed sensing automac door locks • ESB with Rollover Migaon vibraon free drive • Seat belt reminder lamp • Crumple zones for crash protecon • Ergonomically designed spacious interiors

TUV3OO | KUV100 VERITO XYLO NOVOSPORT

• ABS with EBD • Child safety locks • ABS with EBD • Dual airbags • ABS with EBD • Single airbag • Digital immobiliser • Digital immobiliser • Dual airbags • Speed sensing automac door locks • Child safety locks • Seat belt reminder lamp • ISOFIX mounts for child seat on rear seat

Mahindra XUV3OO receives Global Recognition for Safety

Safety has always been our first priority at Mahindra. This gets reflected in our products too. Mahindra XUV3OO became the only Indian to win the Global NCAP's Safer Choice Award. The car demonstrated highest level of safety as per global standards during GNCAP's safety assessments conducted on more than 38 vehicles between 2014 and 2020. Mahindra XUV3OO won the award as part of the #SaferCarsForIndia campaign. It also won a 5-star rang for adult occupant protecon, and a 4-star rang for child protecon, another first for any Indian car, by the GNCAP. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 113

SOCIAL IMPACTS

Our products drive posive change in the lives of our stakeholders urban and rural. Following are some of the intervenons taken up during the year to cater to the societal needs.

Auto Division Mahindra has been driving appropriate soluons, which caters to the specific needs of people in cies. Some of our offerings include:

'Revv' Up to a Mahindra Mahindra & Mahindra launched a unique Retail customers can choose from the enre personal-vehicle porolio subscripon-based iniave in partnership from KUV1OO, XUV5OO, XUV3OO, Scorpio, TUV3OO, Marazzo and the with Revv, a self-drive car rental plaorm. Alturas G4, at a reasonable subscripon price. Once the subscripon This unique, flexible ownership experience period is over, the customer can either upgrade the models or return the for customers of Mahindra's personal range vehicle to the company without the hassle of selling it and buy a new car of vehicles is an all-new, affordable and instead. This iniave is available to professionals and SMEs across 8 Indian convenient way of using a brand-new cies Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, vehicle, without having to buy or own one. Chandigarh and and will later cover 11 more cies.

Women in the Fast Lane With the objecve of crushing stereotypes around women, Mahindra launched a unique women-outreach campaign with its XUV3OO compact SUV. This campaign by Mahindra kick-started with an 8-city tour starng with Mumbai, Pune, Bengaluru, and Chennai. It then moved to Chandigarh, New Delhi, Hyderabad and Kolkata, where women car-buyers were invited to Mahindra showrooms to celebrate the spirit of breaking gender stereotypes. The event had an amazing line-up of interacve sessions with actor Gul Panag, who is a powerhouse in the automove space. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 114 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Farm Division

We are constantly working to empower farmers by providing them with bespoke soluons. Some of our offerings include:

TRRINGO

It is a unique, first-of-its-kind, physical digital model which allows farmers to rent tractors and other mechanised farm equipment for compleng their farming requirements, without having to invest in a tractor.

MAHINDRA APPLITRAC

Agri-mechanisaon products that make the work of the farmers less strenuous and more producve.

MAHINDRA EPC IRRIGATION LIMITED

SAMRIDDHI

It is a comprehensive set of services that play a pivotal role in strengthening the farmers' capability including market linkages, distribuon, agri-support informaon ranging from water-management to crop soluons and counselling.

We strive to provide soluons to farmers in modern scienfic water management through customised micro-irrigaon systems and agronomical support in order to achieve superior product quality and higher crop yields. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 115

COMPLIANCE

The governments globally are upping the ante on clean, safe and sustainable cars and are going for stricter regulaons. Mahindra has a proacve and movated approach in following the global best pracces to effecvely migate the risks. We aim for the pracces and standards which are even higher than the regulatory framework. We connue to comply with all applicable statutes and no non-compliance incidences related to products or services were reported this year.

A S S H O W N B E L O W, W E A L S O L I A I S E W I T H T H E G O V E R N M E N T T O B U I L D A N E N A B L I N G E N V I R O N M E N T

Represented government instuons, Striving to project Vehicle OEM perspecve to commiees and agencies on Environmental these forums to arrive at an opmal soluon to Building Programme implement effecve environmental programmes and at the same me ensure the best interest of our business

Provided technical input on Automove Industry to the various government forums which decide the Environmental Building Iniaves. Effecve benefit is obtained by using our experse Liaisoning with SIAM (Society of Indian Automove Manufacturers) to represent all government commiees and forums to express OEM views on framing environment-related policies, regulaons and programmes Member of SCOE (Standing Commiee of Emission) under MORTH (Ministry of Road Transport and Highway) which sets the policy of vehicle emissions in India Member of the expert commiee of Alternate Fuel Programme & Electric Vehicle under MNRE (Ministry of New and Renewable Energy) to formulate a recommendaon to the Planning Working with BEE (Bureau of Energy Efficiency) Commission for the 12th five-year plan and MORTH as a member of the commiee to formulate future fuel efficiency norms for India

Member of commiees which formulates Keep OEM's technical interest and requirement technical recommendaon to the government to in formulang standards with BIS (Bureau of decide naonal policies like Biofuel Policy, Indian Standards) which formulates all the Hydrogen Policy, Auto Emission Policy, etc. standards for fuels, vehicle parts, etc.

GRI 416-2, 417-1, 417-2, 419-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 116 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Health and Safety Regulations

Health and Safety has been a priority at Mahindra. All our products and services are designed as per regulaons and guidelines pertaining to health and safety. TRANSITIONING TO BS6 IN RECORD TIME We continue to achieve 100% compliance on that front. Considering the rising level of vehicular traffic in India and the resultant polluon that was affecng the health of people and the environment, the government of India decided to jump from BS4 to the more stringent and robust BS6 emission norms from April 1, 2020. The government's deadline for the auto industry to upgrade to BS6 emission standards and skipping one stage altogether in the process Product and Service Information was like asking a test cricket playing naon to switch to T20 cricket, overnight. Customers must have a comprehensive understanding of But Mahindra was quick to respond to this change. Much ahead of how the product works, under what condions, and what the deadline, we were ready to launch BS6 compliant vehicles and, are the advantages of invesng in the product. in fact, rolled out the petrol range much earlier, in 2019. Over the Mahindra provides complete informaon about the past 3.5 years we developed 8 diesel and 8 petrol engines (most usage of products and services to help customers use petrol engines will be CNG ready) at a substanal investment of products in a beer manner, increasing its life and value. INR 1,000 crore. We use myriad tools such as brochures, branding collaterals enumerang the opmum usage During this process, methodology, potenal risks and the means to avoid Mahindra Worked with them. Regulatory and mandatory requirements pertaining to labelling, brand promoons, sponsorships led for over and adversing are well adhered to as we provide 125 accurate and relevant informaon to our consumers. 30 vendors (including patents. 32 technology vendors)

to develop1,482 and 543 engine parts for its diesel and petrol powertrain platforms respectively.

We achieved our me targets, cost targets and are ready with the product well in me so that there is enough me to conduct full validaon, which was a major concern inially.

O U R C O M M U N I C A T I O N I S F O C U S S E D O N

CUSTOMER INFORMATION TIMELY CENTRICITY SECURITY INFORMATION

GRI 416-2, 417-1, 417-2, 419-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 117

BS6 fuel contains 5 times fewer sulphur traces (10 parts per million) compared to BS4 (50 ppm). This stricter, more restrictive norm will bring down NOx (Nitrogen Oxide) emission levels by a staggering 70% for diesel engines and 25% for petrol engines. With the rollout of the new norms, India will come on par with the US and European equivalent emissions norms.

Some of the key health and safety initiatives taken up during the year include:

mStallion Range of Future-Ready BS6 Compliant Gasoline Engines

The mStallion range of engines is future-ready The mStallion engines have been built indigenously with support from experts including with state-of-the-art technology, which in current Bosch, AVL and Connental, among others. The engines have been built for India's form is BS6 Stage 1 and Stage 2 compliant. unique driving needs of quick acceleraon and wide in-gear operang range and have This in turn is equivalent to Euro VI C norms and been tested rigorously across India and abroad to deliver uncompromising performance. is fully protected to meet Euro VI D norms. The engines are powered by the TGDi technology and boast of best-in-class This new range of BS6 ready gasoline engines will performance with the highest torque density. Their world-class engineering delivers offer the same thrilling drive experience as beer fuel efficiency along with significant improvements in Noise-Vibraon- Mahindra's diesel engine range and will power a Harshness parameters. The engines also deliver excellent low-end torque and provide number of Mahindra vehicles in the future. a power-packed performance.

1.2L 1.5L 2.0L

Advanced Driver-Assistance Systems (ADAS) for Safety

Mahindra is globally recognised for its commitment toward safety. We showcased our abilies and progress in the field of Advanced Driver Assistance Systems (ADAS) at the Expo 2020.

ADAS is the system with active radar, camera and infra-red (IR) sensors. It comes with Autonomous Emergency Braking, Lane Keeping Assist, Blind Spot Detection System and Cross Trafc Alert, all of which will help to create a safer tomorrow. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 118 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

DRIVEN BY PURPOSE FOR A GREENER TOMORROW

Health and safety of people is dependent on the environment they live in. Mahindra has been consistently working for a cleaner and beer tomorrow. Following are some of our key products and soluons that will have a posive impact on the health of people and the planet.

Roadster Concept with a Playful Convertible Mode - Funster

A 'sports electric vehicle', Funster personifies the core experience of 'Play-for-fun'. With its dual electric motors and full-me AWD system, Funster offers a class leading output of 230 kW with a top speed of 200 kmph, clocking 0 to 100 kmph in a breath-taking 5 seconds. Funster is equipped with a high end 59.1 kWh baery pack, enabling an impressive range of 520 kms on a single charge.

#DrivenByPurpose for a Greener Tomorrow

Mahindra Electric, a leader in EV technology and manufacturing, showcased a range of mobility soluons from vehicles to EV plaorms to connected mobility soluons at the Expo 2020. This wide display reinforces the company's commitment to a greener tomorrow that is #DrivenByPurpose. Smart Commute for a Smart India - A.T.O.M.

Designed to appeal to the emerging new India and transform the face of last mile connecvity, ATOM is a micro car with a combinaon of clean, comfortable and smart mobility. Powered by Mahindra's latest electric drive system, ATOM has a spacious interior and a monocoque body that offers a safe enclosure for occupants. ATOM also comes equipped with a state-of-the-art, 4G ready connecvity system and aims to revoluonise the way Indians travel. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 119

Design Ready MESMA 350 Platform

Mahindra Electric unveiled its design ready Mahindra Electric Scalable and Modular Architecture 350 (MESMA 350) which is a 350-volt powertrain that has been built from the ground up by Mahindra Electric, here in India. The plaorm has been made in India for the world. MESMA 350 supports motor sizes ranging from 60 kW to 280 kW, dual motor concepts and baery sizes up to 80 kWh.

With this new platform, Mahindra Electric is gearing up for the greater adoption of EVs that will help bring economies of scale, driving costs down and enable smaller variants/models to be made successfully in India.

New Mahindra Treo with Range Extender and Solar Roof

The new Mahindra Treo three-wheeler features more than 20 new and improved EV components made in-house by Mahindra Electric. It also features an addional range extender that will increase the Treo's range by 60-70 kms, along with a concept solar roof that further increases the range by 26 kms. EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 120 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

MARKETING & COMMUNICATIONS

We provide soluons to our customers and sasfy their needs and aspiraons. Consistent engagements with our customers result in geng their feedback which helps us idenfy the problems. The feedback collected from our customers through various mechanisms guides us in gauging the demand and expanding our product porolio. The idea behind this is to effecvely communicate with our customers in a transparent, fair and mely manner. Whatever informaon we give to the customer is in-step with the markeng plans, and in full compliance with all the statutory laws and standards related to markeng communicaon, adversing, promoon and sponsorship. e-Alfa (Cart Version) The First 3-Wheeler Commercial Load EV

The baery-operated three-wheeler, e-Alfa Mini, with the lowest cost of operaon, will undoubtedly become an integral part of the logiscs eco-system, parcularly in the light-weight segments relevant for e-commerce applicaons. This vehicle represents an ideal soluon for last-mile delivery in emerging India. Built on Mahindra's proven e-Alfa Mini passenger vehicle plaorm, it boasts of a real-world range of 75-80 kms with a full load and an oponal swappable baery pack. e-Alfa Cargo is just the beginning of the EV offerings for commercial applicaons from Mahindra.

We connect with the masses to make them understand the advantages of our products and services through mulple channels, including tradional and new media, to promote our products and build brands. All our campaigns on these media adhere to the code of conduct defined by the Adversing Standards Council of India. Range of Chargers to Power EV

Some of the key messages communicated to our stakeholders include: ME Chargers - Connected Charging for EV ME Chargers are Mahindra Electric's latest, key addion to the EV Standing by Our Customers ecosystem in India. These are AC charging soluons which are the need of the hour for India's unique EV mobility paradigm that is Mahindra has always revoluonised the customers' experience driven mainly by electric two and three-wheelers. through its offerings. Mahindra's digital plaorm 'With You Hamesha' is one such offering. This year, we added two new features to the app DigiLocker, which enables customers to access their vehicle and ME Charger 3WR personal documents like the RC, driving license, PAN card and The ME Charger 3WR supports the electric three-wheeler revoluon Aadhar card on the move, and second being ChatBot, an automated in India. With one connector completely dedicated to Treo and one chang plaorm for Mahindra aer-sales domain that gives quick available as a universal output for any low voltage electric vehicle, informaon to customers about their vehicles, and makes this smart charger is perfect for public transport staons. transacons like service bookings, feedback, locang a dealer, SOS request, warranty extensions and enrolling for roadside assistance as easy as chang with a friend. These new features have been ME Charger LITE updated to commemorate the 6th anniversary of the app. The ME Charger LITE is a smart charger with a universal output connector to charge any light electric vehicle, such as any two- wheeler, three-wheeler or even light four-wheeler. It is an ideal soluon for retail outlets/department stores with parking, service points, public transit staons like metro or bus stops, etc.

ME Charger 4WR The ME Charger 4WR is a specially designed four-wheeler EV charger. It fits in beaufully for applicaons like home charging units, apartment complexes, office parking lots, airports or even popular highway stops like hotels or restaurants. MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 121

India's Most Attractive Tractor Brand Millions and More

Our focus on innovaon and technology in the farming applicaons Mahindra rolled out 1 million vehicles from each of its three have won us many accolades. has been recognised manufacturing plants in Chakan, Zaheerabad, and Haridwar. With as 'India's Most Aracve Tractor Brand' by Trust Research Advisory this, the three facilies joined the Company's plants in Nashik and (TRA) in the fih edion of its report India's Most Aracve Brands, Kandivali, in achieving the one-million-unit producon milestone. 2018. The study covered 5,000 brands across 16 Indian cies based This is a fine example of our manufacturing excellence and on TRA's proprietary 'Brand Aracveness Matrix', which comprises operaons efficiency in line with the Make in India iniave. of 36 important aspects to rate a brand's aracveness.

Mahindra is the only tractor company in the world to have received the Deming Application Prize and the Japan Quality Medal, two of the highest quality accolades that can be won by any organisation.

Production Milestone for Bolero Known globally for quality and reliability, Mahindra is the No.1 Mahindra Bolero pick-up range which offers its customers high tractor company in the world by volume. Mahindra is also the first mileage and low maintenance, crossed the 1.5 million milestone this Indian tractor manufacturer to have produced over 200,000 tractors year. Launched in 2000, Mahindra Bolero captured 20% of the market in 2018-19, the highest-ever by an Indian tractor brand in a single and became India's No. 1 SUV within the first five years. Bolero was financial year. crowned India's No.1 selling SUV for the 9th year in a row in 2015.

India's selling tractor No.1 SUV No.1 company 2006-15

lakh tractors million 2 manufactured 1.5 milestone in a single nancial year

Our Online Presence

Mahindra Xylo | Mahindra Scorpio, Our extensive presence on Mahindra Bolero | Mahindra XUV5OO social media stems from the | top with Mr. Anand Mahindra, Mahindra KUV1OO | Mahindra Verito We regularly update our corporate (www.mahindra.com) the Chairman of Mahindra Group sharing his views as well as Mahindra Rise | Auto Division, website in order to make it Mahindra Electric | Mahindra KUV1OO more engaging, endearing news on the organisaon on Mahindra Verito and user-friendly Twier regularly.

910,703 1,304,673 329,898 13,100+ 207,095,956 followers followers followers followers views CSR MANAGEMENT

MANAGEMENT APPROACH

At Mahindra, we believe that for an organisation to truly progress, its community must progress with it. For us, inclusive development has never been an add-on to philanthropy, but an integral part of our business strategy. We approach CSR Management as a key material issue and use 'Alternativism' in our thinking, to alter the status quo through our actions. This approach has enabled us to rise and design community development initiatives that deliver high-impact results. Executed with military precision, the initiatives lead to self-sufciency, equal opportunities and self-sustaining transformations across the most marginalised sections of society.

Since 2005, we have been voluntarily contributing 1% PAT towards CSR through thoughtful investments. This structured approach helped us steer a smooth transition to contribute 2% of 3-year average net prot as prescribed in the New Companies Act 2013.

The goal behind our efforts and endeavours is to create a world that transcends the limitaons that people believe in.

GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 123 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Our Focus Areas GRI 413-1

EDUCATION YOUTH HEALTH & ENVIRONMENT CULTURAL EMPOWERMENT SAFETY OUTREACH By leveraging our resources and reach, we are driving posive change across the globe.

Our Change Agents CSR INVESTMENTS | (M&M)

(In INR million) Areas F19 F20

| Education 33.84 38.67 CSR COUNCIL | Health 15.38 16.88

| Social 32.56 59.22

| Environment 11.52 11.83 CSR DEPARTMENT | Others 0.08 NA

| Sports 0.11 NA

| Total 93.50 126.59 ESOPS Employee Volunteering NA - Not Applicable Programme

COLLABORATIONS WITH CSR POLICY GOVERNMENTS, NGOS AND OTHER BUSINESS ASSOCIATES We follow the Group's CSR policy, which is in consonance with the amendments in Secon 135 of the New Companies Act 2013. Our CSR commiee has been entrusted with the responsibility of implemenng this policy. It focusses on the following key acon areas: Our Operating Philosophy Education | Healthcare & Sanitation | Environment Livelihood Enhancement | Aid for Armed Force Personnel's Demonstrate the same commitment, passion and professionalism for strengthening community boom-line Families | Opportunities for Those at the Base of Pyramid as we do for business boom-line. Protection of Natural Heritage, Art and Culture Leverage the power of 'Alternave Thinking', draw from the Women Empowerment | Encouraging Sporting Activities insights on needs and priories of communies, and Disaster Relief & Rehabilitation | Technology Incubation implement unique social intervenons that pave way for long-term, self-sustainable and posive change. Rural Development | Road Safety | Agriculture MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 124

KEY HIGHLIGHTS 1 EDUCATION 4 ROAD SAFETY

174,681 girl children were taken under Project Nanhi Created India's first Zero Fatality Corridor on the Kali's fold, raising the total count of beneficiaries to 450,000 Mumbai Pune Expressway that led to 43% reducon in fatalies in 4 years Mahindra Group supported 67,337 Nanhi Kalis, M&M supported 14,462 Nanhi Kalis, and the rest were backed by corporate & individual donors AGRICULTURE 550 students were awarded the Mahindra All India Talent Scholarship this year 5 69 scholars were awarded the K.C. Mahindra Scholarship for Post Graduate Studies this year

6,045 underprivileged youth were provided livelihood training in Mahindra Pride Schools this year 2 HEALTHCARE Executed Integrated Village Development through water management, livelihood programmes, and infrastructure support that benefied 82,294 people

Empowered 41,322 farmers through deployment of gender friendly farm equipment

Arogya Sarthi: Services for and child and promong VOLUNTEERING instuonalizaon of deliveries 6 Project Prayaas: Rehabilitaon and Awareness on HIV/AIDS 3 ENVIRONMENT

91,943 volunteers from Mahindra Group contributed 693,305 man-hours this year under Esops. Of these, 22,877 M&M employees contributed 163,818 man-hours

In F20, the Mahindra Group, planted a total 1.52 million trees across India GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 125 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

CSR GOVERNANCE ESOPS - EMPLOYEE SOCIAL OPTIONS At M&M, sustainability is an intrinsic aribute that is reflected in all our acons. With the top management steering the CSR A long-running Employee Volunteering Programme of Mahindra, governance, this aribute has now successfully steeped deep within Esops is a journey to contribute to a beer future. As a part of this each employee across the organisaon. When it comes to the iniave, employees leverage their passion and professional Mahindra Group, our CSR council oversees the social responsibility experse in the areas of educaon, environment and healthcare to vision with diligence, transparency and ownership. We also have in create posive change. place our CSR review mechanism that includes processes to address all local community grievances. Going beyond random acts of philanthropy and public service, Esops volunteers construct annual acvity plans, ideate projects, For more informaon, please refer to the Corporate Governance implement iniaves and monitor results on a regular basis. secon of this report. Addionally, Esops volunteers are also encouraged to involve their family members. Foundations and Trusts We connect with the disadvantaged secons of our society through our Foundaons and Trusts with the aim of empowering them. We work to amplify the impact of iniaves that address vital issues at local and naonal levels and help transform their lives. As professionally managed instuons, the Foundaon and the Trust enable us to bring about a meaningful change that balances competence and compassion. We constantly improve our efforts by analysing our programme outcomes, scaling up successful models and sharing our progress with the stakeholders. Each foundaon has its own individual focus areas, which can broadly be summarised as below:

• Women Empowerment • Education • Livelihoods • Skill Enhancement and Vocational Training • Empowering Differently Abled Individuals • Relief and Rehabilitation This year, we saw an army of 91,943 employees, rolling up their sleeves and investing their time and talent in initiatives addressing K.C. Mahindra Education Trust areas of local and national priorities.

The K.C. Mahindra Educaon Trust (KCMET) was established in 1953 with the aim of transforming lives through educaon. By making educaon accessible to children from financially challenged families, KCMET has changed the lives of thousands across mulple age Esops Growth Report groups and income levels. Providing financial assistance and recognion, the main programmes supported by KCMET are Nanhi In all, 91,943 Esops volunteers of the Group contributed 693,305 Kali, Mahindra Pride School and Scholarship & Grants. So far, man-hours towards social programmes. KCMET has transformed over 600,000 lives.

Mahindra Foundation No. of ESOPs Volunteer 2016-17 2017-18 2018-19 Mahindra Foundaon is dedicated to reaching out to the cizens 54,439 69,274 91,351 through intervenons in three core areas:

Mobilising mely, Providing medical Supporng talented Total Volunteers 395,652 comprehensive and relief to the poor individuals for effecve disaster relief and pursuing advance and rehabilitaon underprivileged studies or sports ESOPs Person Hours 2016-17 2017-18 2018-19 350,075 409,078 595,311

Total Person Hours 2,649,230

GRI 413-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 126

Focus Areas of Esops GRI 413-1

With a view to channelise our efforts in the right direcon and strengthen the outcome of our acons, the Esops' sphere of contribuon was re-analysed and realigned with the priories of the communies as well as naonal goals. We have arrived at the focus areas menoned below which also seamlessly align with our flagship endeavours. In F20, a number of small and big iniaves were carried out in these chosen areas. Following are some of the iniaves:

Education Health

Social Ambassadors Programme The Social Ambassadors Programme is a career discovery programme, carried out by Mahindra Employees for high school students, who are primarily from low income schools. The Objecve: Organise blood donaon drives, including those for programme aims to empower the students with awareness of thalassemia paents the 'world of work' and develop self-awareness via psychometric Flagship Endeavour: This Esops iniave held regularly across assessments, aptude and interest tests that help them make plants includes a robust Thalassemia Adopon Programme which informed career choices. provided an uninterrupted blood supply for Thalassemia paents. The vision of the Social Ambassadors Impact: 10,707 beneficiaries in F20 Programme is to 'Give Wings to Dreams' for adolescent youth from a lower socio-economic background. All Mahindra volunteers aend a 2-day training session and conducted the programme over 3 days (3 hours per session) in municipal and low-income private schools.

Till date, 10,840 students have benetted from the programme across locations with Mahindra presence namely, Mumbai, Nasik, Zaheerabad, Khopoli, Shahpur, Ratnagiri, Satna and Pune. 355 employee volunteers have invested 6,945 Esops person hours, towards this initiative.

Objecve: Conduct eye check-up camps, spectacles distribuon, glaucoma and cataract operaons Flagship Endeavour: Eye Care and Vision Correcon Awareness drives, eye tesng, distribuon of spectacles and cataract surgeries for deprived secons of society. Impact: 5,965 beneficiaries in F20 Objecve: Support to schools through infrastructure development, material distribuon and conducng extra-curricular acvies Flagship Endeavour: Nanhi Kali - Supports the educaon of

health underprivileged girl children from marginalised communies. awareness drives The programme provides scholarships, digital educaon, career guidance, mentoring, books and staonery, abacus learning module and infrastructure improvement support. Objecve: Conduct generic and specialty medical camps, polio immunisaon camps, health awareness rallies, campaigns, and Impact: 32,997 beneficiaries in F20 distribuon of informaon, educaon and communicaon (IEC) material Flagship Endeavour: Ÿ Healthcare services for mother and child and promong instuonalisaon Objecve: Facilitate skill development of deliveries through 'Arogya Sarthi’ Flagship Endeavour: Mahindra Pride School - Livelihood training Ÿ Rehabilitaon and Awareness on programme for youth from socially and economically HIV/AIDS with special emphasis on improving living condions of People disadvantaged groups. Living with HIV/AIDS (PLHA) Impact: 2,380 beneficiaries in F20* through Project Prayaas (*AFS numbers - Does not include MPS) Impact: 4,039,644 beneficiaries in F20 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 127 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

Environment

mahindra hariyali

Objecve: Expanding the green cover Objecve: Protect the environment and create environmental Flagship Endeavour: An afforestaon programme, launched with awareness the aim to plant a million trees every year. Flagship Endeavour: Green energy promoon- Promong green Mahindra Hariyali was launched in 2007, on the Group's 62nd energy through collaboraon with IIT(M)'s COE and Centre for Founders' Day on October 2, with the aim to add 1 million trees to Baery Operaon. Promong use of biogas produced through India's green cover every year. Since then, Mahindra Hariyali has canteen waste for hospital, LED lighng. transformed into a movement with employees and other stakeholders like customers, vendors and dealers undertaking Impact: 13,466 beneficiaries in F20 tree plantaon drives across the country to ensure that the annual goal of 1 million trees is met. In F20, 1.52 million trees were planted by the Mahindra Group, of which M&M Ltd. supported the plantaon of 1.32 million trees. Till March 2020, the Mahindra Group has planted 17.93 million trees through this iniave. Objecve: Propagang use of solar energy Flagship Endeavour: Village electrificaon through solar and wind energy. Impact: 400 beneficiaries in F20

Araku Valley Project Swachh Bharat Abhiyan

Apart from plantaons done by the Mahindra employees, Mahindra Group, in collaboraon with Naandi Foundaon, has been planng trees at Araku, Andhra Pradesh, since 2010. At Araku, the focus is on natural resource management, ecological restoraon and organic farming to increase the community's income and improve the agro- forestry eco-system for overall development of the community. In F20, 1.13 million trees were planted at Araku and since incepon, 10.78 million trees have been planted. External Audits are conducted for the Hariyali plantaons annually for Araku and once in 3 years for other locaons. The external audits of the plantaons in 2019 noted that the survival rate is 96% in Araku (UNIQUE forestry and land use GmbH) and 'above 80%' for other locaons across the country (Bombay Natural History Society).

Objecve: Contribute to the Swachh Bharat Abhiyan Flagship Endeavour: Swachh Bharat Swachh Vidyalaya - Construcon of toilets, primarily for girls, in government schools. Impact: 83,006 beneficiaries in F20 (The results of the external audits of Hariyali plantaons are menoned in the M&M Annual Report, Business Responsibility Reports & Sustainability Report.) GRI 413-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 128

Road Safety

Objecve: Promoon of road safety iniaves Flagship Endeavour: Road safety educaon amongst school-going children and through awareness drives and distribuon of aids to drivers like helmets, masks and reflectors. Impact: 30,766 beneficiaries in F20

Agriculture

Objecve: Upliment of the farming community Objecve: Village development Flagship Endeavour: Mahindra Prerna This programme includes Flagship Endeavour: Integrated Rural Development Programme - micronutrient soil tesng, advisory services, drip irrigaon, agri Boosng livelihood opportunies and capacity building of the extension services, dairy farming, permaculture farming, famers and rural youth. infrastructure development and capacity building to improve Impact: 65,094 beneficiaries in F20 agricultural producvity Impact: 35,322 beneficiaries in F20

Objecve: Touch lives of disadvantaged groups differently abled, senior cizens, etc. Flagship Endeavour: Promotes gender equality and provides support to the differently abled and to orphanages. Clothes donaon and shoe donaon drives for children and for people from tribal and low-income communies are also organised. Impact: 1,918 beneficiaries in F20

ESOPS AWARDS

We harness the spirit of compeon to celebrate the joy of giving, as well as encourage more employees towards volunteering. Two awards have been instuted towards this end; unit-wide honour and individual recognion.

Esops Awards Esops Star Performer Award

Constuted in 2008, this award Instuted in 2010, this award recognises business units for rewards exceponal performances in demonstrang an incredible impact in CSR across varied locaons and team the society through their Esops acvies. members of Mahindra.

Parameters like number of volunteers, The best performers across factory total man-hours contributed and the as well as non-factory locaons are number of iniaves, are used to honoured with the Esops Awards. select the winners.

Winners are selected on parameters like The award is presented in two impact on beneficiaries, Esops volunteer categories: Best Performing Locaon parcipaon and vision for the acvity. and Best Performing Individual.

GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 129 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

EDUCATIONAL SUPPOR T

For us at Mahindra, educaon is a crucial facet of our social responsibility. We believe that educaon empowers a naon and expedites growth of people and the development of the naon. By addressing the roadblocks that hamper quality educaon, we resolve mulple issues that pave way for societal upliment in myriad forms. With well-designed and ably implemented intervenons, we focus on three key objecves:

Empowering the girl Creating employment Monetary aid and child by making opportunities with vocational scholarships for deserving education accessible and livelihood training underprivileged students

Project Nanhi Kali

Project Nanhi Kali enables girls from economically backward communies in India to access quality primary educaon. Instuted in 1996 by the K. C. Mahindra Educaon Trust, it's been jointly managed by KCMET and Naandi Foundaon since 2005. The project provides educaonal support to underprivileged girls in collaboraon with 19 NGOs. for the girl child Today, it works to change the lives of lile girls in 30 districts across 11 Indian states - Andhra Pradesh, Delhi, , , Madhya Pradesh, Maharashtra, Punjab, , Telangana, Uar Pradesh and West Bengal.

Nanhi Kali facilitates a girl's academic journey by providing 360-degree support to girls from classes 1 to 10. Addionally, other requirements such as their uniforms, school bags, staonery as well as daily free remedial classes aer school hours are provided. Keeping up with trends in technology, digital tablets with pre-loaded audio-visual educaonal content for girls studying in secondary school has been provided. This comprehensive nature of the project helps keep the dropout rates in check. While selecng Nanhi Kalis, we consider mulple factors such as the family income, parents' educaonal porolio, social background and the child's aptude. The project has a sponsorship support programme with internaonal arms in the US and UK, to extend its reach, and empower more girl children in India to transform their lives through educaon.

In F20, the project supported the education of 174,681 girls. Of these 14,462 girls were supported by our Company, while the Mahindra Group as a whole supported 67,337 girls. The remaining number of girls are supported by individuals and other corporates.

The project outreach is as follows: No. of donors No. of Nanhi Kalis FY18 8,962 143,992 FY19 8,950 165,291 FY20 8,100 174,681

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SUCCESS STORY CASE Nanhi Kali Making Dreams Come True STUDY

I'm extremely grateful to Nanhi Kali for giving me the condence to follow my dream of becoming an engineer says Sandhya whose next goal is to become an IAS officer.

28-year-old Lankapalli Sandhya Priyanka belonging to a small tribal village in Araku Valley, Visakhapatnam, lost her father at This support encouraged Sandhya and she a very young age. Given that he was the sole breadwinner of went on to win the CMR Pratibha Award for the family, Sandhya thought that her dream of pursuing her exemplary performance in Class 10. higher educaon and earning a living to help her family would never come true. However, this changed when Sandhya got She soon completed her B.Tech degree from Nujiveedu enrolled into Project Nanhi Kali. Sandhya was provided with Campus in the year 2010. Her hard work and diligence got her daily academic support at Nanhi Kali Academic Support a job with the local government and she is currently working as Centres. Moreover, she received school supplies every year an Assistant Engineer in Panchaya Raj, Municipal Corporaon including a school bag, shoes, socks, notebooks, staonery, Department in Visakhapatnam. Sandhya is financially and undergarments, along with sanitary kits. independent and earns INR 30,000 per month.

Mahindra Pride Schools

Mahindra Pride Schools provide livelihood training to youth from socially and economically disadvantaged communies. Through this training programme, the goal is to help them get placed in high growth service sector jobs. In F20, the Mahindra Group supported 9 schools in Pune, Patna, Chandigarh, Srinagar, Hyderabad, Varanasi and 3 in Chennai through which 6,045 students were trained. Till date, 39,280 students have been trained and 100% have been placed.

Mahindra Pride Classrooms In F20, 71,248 students were trained through the Mahindra Pride Classrooms In addion to the nine Mahindra Pride conducted in a number of Polytechnics and Schools, we have also set up Mahindra Pride Arts & Science Colleges in 16 states of India. Classrooms in Polytechnics, ITIs and Arts & Science Colleges, in partnership with State Till date, the Mahindra Group Governments. These classrooms provide has supported the training of 40-120 hours of training to final year 101,391 students through students covering English Speaking, Life the Mahindra Pride Skills, Aptude, Interview, Group Discussion Classrooms. and Digital Literacy.

GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 131 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

SUCCESS STORY CASE Mahindra Pride School enabling Financial Independence STUDY

I not only polished my skills and discovered my potential, but also came across many others who share a similar or much worse fate than me. But all of us are hell-bent on achieving our goals, and Mahindra Pride School and the teachers who are like our guardian angels play a key role in supporting us and helping us achieve our goal

says Rutuja Shantaram Gite

Rutuja Shantaram Gite was leading a cheerful life with her Despite compleng her M.Com., Rujuta was unable to secure parents and her three siblings in Otur Village, Pune, when she a decent job. It was then that Rutuja's friend, an MPS Alum, suddenly lost her father to a brain illness. Rutuja's father informed her about the training and facilies offered at would pracce farming and the yearly harvest was enough to Mahindra Pride Schools. Rutuja completed her 3-month feed the family. Aer her father passed, Rutuja's mother training in ITES and bagged a job as Customer Service worked on the farm and sold vegetables in the village, earning Representave at Neeyamo Enterprises Soluon. less than INR 5,000 per month. Being a bright student, Rutuja received a scholarship under Rajashree Shahu Maharaj Arthik She now earns a salary of Kalyan Yojna to complete her B.Com. Later, through the Earn INR 17,900 per month and and Learn Scheme at Garware College of Commerce, Pune, supports her family. she went on to complete her M.Com.

Aadarsh Vidyalaya Sahyog Baja – Project Based Learning of Auto We financially supported the reconstrucon Through this skill-based volunteering Engineering Concepts of the Aadarsh Marathi and English medium plaorm, 4,646 students have benefied school in Goregaon that provides educaon from public speaking classes, career This iniave saw the parcipaon of 12,573 to children from low income families guidance, awareness on health and hygiene, undergraduate engineering students and gave residing in the neighbouring slums. Post the self-defense training and other them hands-on experience in aspects of reconstrucon, the plan is to convert the extracurricular acvies. automobile engineering, along with the English medium school into an ICSE school. opportunity to interact with auto stakeholders.

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SUCCESS STORY CASE Scholarship Paving the Way for a Brighter Future STUDY

Swarup Maji lives in a remote village 220 kms away from Kolkata. His father, a vegetable vendor, earns INR 5,000 a month which is a meagre amount to make ends meet for a family of five. The family's struggle got worse when Swarup's mother was diagnosed with chronic schizophrenia and delusions when he was 2 years old. However, none of this deterred Swarup.

He worked hard and spent nights studying under a kerosene lamp to score 87% in his 10th board exam and was ranked 1st in his school. He received a scholarship of INR 12,000 for two years and went on to score 77% in his 12th board, securing the 5th rank in his college.

Swarup was pursuing a Diploma in Mechanical Engineering at RKM Shilpapitha, when he heard about the Mahindra All India Talent Scholarship and promptly applied for it. The financial support of INR 10,000 a year for 3 years through the scholarship, eased the burden on his family since it covered the polytechnic fees, cost of purchase of books, etc.

Swarup is grateful for the scholarship and wishes to work as part of the Mahindra Group one day, to support his family nancially.

Scholarships and Grants

Mahindra All India Talent Scholarship (MAITS) K. C. Mahindra Scholarships for Postgraduate Studies Abroad Instuted in 1995, Mahindra All India Talent Scholarships are awarded to students from lower socio-economic strata to enable The K. C. Mahindra Scholarship for Post Graduate Studies Abroad them to pursue a job-oriented diploma course at a recognised (instuted in the year 1956) is an interest-free loan scholarship Government Polytechnic Instute in India. awarded to deserving graduates interested in pursuing their postgraduate studies overseas. In F20, 62 students were awarded, in total. The top 3 scholars got a scholarship of INR 8 lakh each and the rest received a scholarship of INR 4 lakh each. Recipients will be doing their post-graduaon in a wide range of subjects in renowned universies like Harvard Business School, University of California, Berkeley and Stanford.

Approximately 550 scholarships are given every year to students who undergo a 3-year course. Till date, this scholarship has been awarded to 9,640 students. In addition to this, the top 3 candidates (the K. C. Mahindra Fellows) were awarded scholarships of INR 8 lakh each. The total number of scholarships given till date is 1,742. GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 133 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

K. C. Mahindra UWC Mahindra Search for Talent Shri V. R. Deshpande Scholarship Scholarship Memorial Trust

This scholarship enables deserving students This scholarship which rewards excellence in Through the trust, we provided scholarships to study at the United World Colleges, and in academics has been set up in 37 instuons to students from economically parcular, the Mahindra United World in India. disadvantaged backgrounds to undergo College, Pune. vocaonal training at the Deshpande Private Industrial Training Instute. In addition, students who receive the Mahindra Search for Talent Scholarship for two consecutive years also receive the Honours Scholarship Award comprising a cash prize of INR 5,000 and a citation from the Trust.

HEALTH SUPPOR T

Access to healthcare is oen a distant dream for a large secon of our populaon that grapples with poverty. With necessies such as food, water and shelter being hard to come by, the underprivileged have no expectaon of receiving quality medical support. This is why health support is an integral part of social intervenons at Mahindra. Our core objecve is to bridge the gap between basic healthcare and the poor who reside in the remote areas of our country.

ANTIM PRASTHAN MAHINDRA FOUNDATION

We financially supported the redevelopment of Through the Foundaon, we provided support, the Worli Crematorium (Mata Ramabai Ambedkar counselling and treatment assistance to breast Worli Smashan Bhumi) in Mumbai, to make it a cancer paents. world-class facility in partnership with MCGM.

PARYAS SOCIETY CANCARE TRUST We are contribung to the 'Sansad Mobile We provided a grant for seng up The Head and Swasthya Seva' programme - an iniave to Neck Cancer Instute of India, which is a Public ensure that quality and free medical services Private Partnership with BMC and CanCare Trust. reach the poorest in the remotest areas of Himachal Pradesh. The grant was towards the operaonal costs of one Mobile Medical Unit NAVYACARE (MMU) for one year.

Through Navyacare, we provided low cost online/ app-based support to paents from rural areas PALCARE by giving them evidence-based treatment opons reviewed by a muldisciplinary panel of experts We are supporng the palliave care programme at Tata Memorial Hospital, proven to be for people with chronic illnesses such as cancer, beneficial in increasing the cure rate, longevity, Alzheimer's, kidney failure, lung condions and and quality of life of these individuals. stroke.

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AGRICULTURAL SUPPOR T

Village Social Transformation Foundation (VSTF), Wardha

The Government of Maharashtra had launched the Village Social Transformaon Foundaon (VSTF) with an aim to transform 1,000 villages in rural Maharashtra by enhancing development indicators of drinking water access, infant mortality, educaon index, agricultural income, among others, to the highest level across the country. Mahindra Group joined hands with the Government of Maharashtra for this iniave to catalyse convergence and bring about overall development. Apart from providing financial assistance to the project, the Group has also iniated mulple projects in Wardha district in line with naonal priories such as

Swachh Bharat Abhiyan (construction of toilets)

Promoting Women Empowerment

Agricultural and farm productivity through in-house projects such as Samriddhi (now Krish-e) and Mahindra Prerna among others.

The project has transformed the rural economy with posive outcomes in mulple development indicators. The key achievements of the project in Wardha include:

84% of the poor provided with pucca housing 1 structures

2 Electrificaon of 95% of the rural households

100% instuonal delivery of infants 3 in the project area

4 Toilets constructed in 82% of the households

366 women Self Help Groups (SHGs) supported, resulng in the creaon of supplementary 5 incomes and village entrepreneurship

878 youth trained under the skill development 6 iniave The support is spread across 23 Gram Panchayats covering 39 revenue villages in Wardha district, Maharashtra. In addion to the above, through the Mahindra Prerna project, over 3,700 women farmers have been supported through provision of kitchen garden kits, seed banks, agricultural equipment and tool kits for creang model vegetable plots.

GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 135 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

CASE LESS DROP, MORE CROP STUDY

Water saving methods such as sprinklers have not only helped optimise water use but have also provided equal opportunity for other farmers to avail it.

With decline in ground water table and uncertainty of rainfall, Approximately 35% less water is consumed through sprinkler, there is a strong need to bring in measures to ulise water as compared to flood irrigaon. M&M, through the joint efficiently in Bundelkhand. The geology in the region allows low NABARD watershed project, has distributed sprinkler sets to concentraon me for rainwater to trickle down to the ground 570 HH with 50% contribuon from community. An area of aquifer, instead it rushes down without any use. Today in many 499.6 ha out of total culvable area for irrigaon was villages around Damoh, ground water table has gone below facilitated by this iniave in five watersheds comprising of 400 feet in just over a decade. Efficient way of water use is the 13 villages. Calculang water use by flood irrigaon in the only possible soluon to synchronise demand and availability. same area have used 19,984 lakh litres of water, whereas irrigaon with sprinkler consumed only 12,989 saving 6,994 M&M is promong efficient ways of irrigaon through Sprinkler lakh litres, having the potenal to irrigate an addional and Drip methods. Sprinkler irrigaon is used in crops like 269 ha of land. wheat and chickpea whereas drip is used in sustainable farms where vegetable and fruit plants are grown.

Integrated Watershed Management Programme

Through a Private Public Partnership (PPP) model, we have joined hands with the Government of Madhya Pradesh, and at Haa with Naonal Bank for Agriculture and Rural Development (NABARD) for Watershed Development in Bhopal. The project aims to increase the Ground Water Table leading to increase in agricultural producvity and improved living standards.

At Bhopal, the water table has increased by 1.1 metres and the agricultural producvity has gone up by 30%, which has increased the average income to INR 51,000 per family. At Haa, we were successful in conserving 1,110 litres of water. The average annual income has increased by 29% post intervenon.

301 Self Help Groups (SHGs) have also been formed since the inception of the project. These cumulative measures have benetted 38,447 people in 48 villages.

GRI 413-1 MAHINDRA & SUSTAINABILITY MAHINDRA LTD. REPORT 19/20 136

Gram Vikas INITIATIVE FOR ROAD SAFETY

We have iniated Integrated Village Development including Water Management through revival and reconstrucon of water structures. This iniave also covers livelihood programmes, and infrastructure support. A total of 82,294 people have benetted from this initiative.

Wardha Farmer Rise for Safe Roads

Family Project (WFFP) M&M, along with Maharashtra State Road Development Corporaon (MSRDC), had chosen the Mumbai-Pune Expressway (MPE) to be India's first Zero Death Corridor and launched To enrich lives of farmers through a 'Safety under 80' to educate motorists and drivers about road safety. The goal of the campaign comprehensive agrarian soluon, was to spread awareness among drivers on the 4 Es of road safety - Educaon, Engineering, pomegranate culvaon is being promoted Enforcement and Emergency care. in the area using bio dynamic farming pracces in 2 blocks of Wardha. 176 farmers In the F20, ADAPT Training programme was iniated in August 2019. Each parcipant was have benefied from this iniave. trained in strategies to understand and ancipate behaviour of diverse road users. As on December 2019, a total of 780 drivers have been trained at eight locaons across India. A pre In F20, a harvest of 4.9 tonnes and post assessment was conducted at the beginning and at the end of the session to assess of pomegranates on 22.5 acres the knowledge level of parcipants, and 97% of all parcipants had cleared the post-training resulted in a total revenue of assessment. INR 2.36 lakh.

Intercropping of onions, wheat, red, black In order to help build a system of and Bengal gram has also been iniated to Till date, 5,400 drivers improve farmers’ income. patrolling, a state-of-the-art patrolling have been trained and crash invesgaon unit equipped under the initiative. with the latest technology and visibility devices was deployed on the express way.

VSTF SMART STATE OF MAHARASHTRA'S AGRI BUSINESS AND RURAL TRANSFORMATION PROJECT Supporng the Government of The precautions, measures and trainings have led Maharashtra's market led, inclusive and to 43% reduction in fatalities in the last 4 years. compeve value chain programme assisted by the World Bank. The programme focusses on small, marginal farmers and agri-entrepreneurs of the state.

GRI 413-1 EXECUTIVE COMPANY CORPORATE SUSTAINABILITY SUPPLY HEALTH & SUBSIDIARIES ECONOMIC EMISSION WATER WASTE PRODUCT CSR 137 MESSAGE PROFILE GOVERNANCE AND US CHAIN SAFETY & ASSOCIATES

DISASTER RELIEF CULTURAL CONTRIBUTION

Relief and Rehab (R & R) Mahindra Excellence in Theatre (META)

The 'Relief and Rehab (R & R)' iniave was launched in 2016, with The impact of theatre on society is manifold, it makes people laugh the aim to synergise the Mahindra Group's efforts during a man- or cry, and provokes them to reflect on burning issues through new made or natural calamity, so as to leverage each other's strengths insights. At Mahindra, we designed Mahindra Excellence in Theatre during any crisis, and bring a holisc and systemic approach to relief (META) to not only preserve the cra of theatre, but also increase and rehabilitaon efforts. To achieve the same, the country was awareness and appreciaon for the medium, and bring it into the divided into 5 zones and 39 cies, based on Mahindra Group's naonal spotlight. The week-long fesval, designed to showcase the presence and risk-mapping. best of Indian theatre, honours all aspects of the art form including playwring, set design, light and costume design, direcon and The iniave is driven by an R & R Commiee, which ensures performance. META is the only naonal level awards for theatre in improved coordinaon and provides strategic support, in case of our country. any crisis, to the teams at the zonal level. In F20, the Mahindra Group had also donated INR 2.5 crore to the Mahindra Blues Odisha Disaster Management Authority towards relief and rebuilding efforts post Cyclone Fani. The Group had also carried out Considered as Asia's largest and finest Blues music showcase, the relief efforts during the Assam and Maharashtra floods in 2019. Mahindra Blues Fesval (MBF) is a medley of the best Blues icons and bands from across the world. The MBF is one of the most eagerly-awaited events for Blues fans. It brings together the best Through this programme, the Mahindra Group Blues musicians from across the world for 2 days of enthralling has successfully reached out to over 21,000 musical celebraon and is held at the iconic Mehboob Studio in beneciaries in the Maharashtra drought, Mumbai. The fesval was once again conferred a Yale planum Hud Hud cyclone in Andhra, the oods in Kosi, rated green event - highlighng our ongoing endeavours to be , Jammu & Kashmir, West sustainable in all our iniaves. Bengal, Assam, Bihar, Chennai and Kerala. Mahindra Sanatkada Festival

We believe that conservaon and celebraon of our rich culture, arts and history, strengthens societal bonds. Our annual Mahindra Sanatkada Lucknow Fesval celebrates the grandeur and tradion of Donation to PM Cares Fund the Nawabi lifestyle. The five-day long fesval brings together connoisseurs of cuisines, poetry, music, dance, arts, literature, and for COVID-19 tradional cras. It is organised in partnership with Sanatkada, a not- for-profit cras collecve. Every February, history tours, literature and We made a contribuon to the 'Prime Minister's Cizen Assistance poetry sessions, and a delectable spread of diverse dishes, enthral and Relief in emergency situaons fund' to support COVID-19 relief visitors. It gives an opportunity to the arsans and master crasmen efforts of the government. from across the world to showcase their skills through this fesval.

The Mahindra Kabira Festival Support During Natural Calamities Held in Varanasi every year, the fesval relives the profound, yet We supported the relief and rehabilitaon measures of the Odisha simple teachings of the great poet mysc Kabir through an exhibion State Disaster Management Authority (OSDMA) post the of literature and music. Varanasi's ghats, spiritual and ancient, devastang Odisha floods, Assam Floods and Maharashtra Floods by present the perfect seng to experience the magic of Kabir. providing essenals and sanitaon kits. We also provided water tankers to drought affected regions in Sangli, Kolhapur and Satara. 29,500 benefied from the disaster relief iniaves. The Mahindra Open Drive A liberang drive across the countryside, Mahindra Open Drive combines extravaganza of music, food and adventure in Goa. The event also encourages people to celebrate the good in life by GRI 413-1 recognising good deeds done by the common man. SUSTAINABILITY PERFORMANCE SUBSIDIARIES AND ASSOCIATES

S REPORTING PROCESS 139 T COMPANY PROFILE N 141 E SUSTAINABILITY AND US

T 149

N DRIVEN BY OUR PEOPLE 154 O

C PRODUCT PERFORMANCE 163

ECONOMIC PERFORMANCE 174

ENVIRONMENTAL PERFORMANCE 178

SOCIAL PERFORMANCE 194

ANNEXURES 211 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 139

REPORTING

PROCESS GRI 102-1, 102-46, 102-50

REPOR T CONTENT AND TOPIC BOUNDARIES

The reporting period for Subsidiaries & Associates of M&M Ltd. for its 12th Sustainability Report is 1st April 2019 to 31st March 2020. From the beginning of our Sustainability Reporting journey in 2007-08, we continue to be committed to reporting our triple bottom line performance annually.

2007/08 2008/09 2009/10 2010/11

2011/12 2012/13 2013/14 2014/15

2015/16 2016/17 2017/18 2018/19 Integrated Report REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 140 PROCESS PROFILE AND US OUR PEOPLE PERFORMANCE PERFORMANCE PERFORMANCE PERFORMANCE

For this report, we are following the Global Reporng Index (GRI) Sustainability Reporng Standards the most widely adopted non-financial reporng framework in the world; the Sustainability Reporng Standards are used to help communicate sustainability performance and encourage transparency and accountability. Like every year, the report is aligned with the nine principles of the Ministry of Corporate Affairs' Naonal Voluntary Guidelines (NVG) on social, environmental and economic responsibilies of business.

T H E R E P O R T I N G I N C L U D E S T H E F O L L O W I N G S U B S I D I A R I E S A N D A S S O C I A T E S

Automotive & Farm Sector Ÿ Mahindra Vehicle Manufacturers Ltd. (MVML) Ÿ Mahindra Electric Mobility Ltd. (MEML) Ÿ Mahindra EPC Irrigation Limited (MEIL)

Real Estate Sector Ÿ Mahindra Lifespace Developers Ltd. (MLDL) Ÿ Mahindra World City Developers Ltd. (MWCDL) Ÿ Mahindra World City Jaipur Ltd. (MWCJL)

Leisure & Hospitality Sector Ÿ Mahindra Holidays & Resorts India Ltd. (MHRIL)

Financial Services Sector Ÿ Mahindra & Mahindra Financial Services Ltd. (MMFSL) Ÿ Mahindra Rural Housing Finance Ltd. (MRHFL) Ÿ Mahindra Insurance Brokers Ltd. (MIBL)

Information Technology Sector Ÿ Tech Mahindra Ltd. (Tech M)

Mahindra Sanyo Special Steel Pvt. Ltd. (MSSSPL)

Mahindra Racing UK Limited

Aftermarket Sector Ÿ Mahindra First Choice Services Ltd. (MFCSL)

Mahindra Partner Division Ÿ Mahindra Accelo (MIL) www.mahindraaccelo.com Ÿ Mahindra Logistics Ltd. (MLL) www.mahindralogistics.com Ÿ Mahindra Susten Pvt. Ltd. www.mahindrasusten.com

REPOR T SCOPE LIMITATIONS

This Report is India-centric and excludes internaonal operaons. Call our toll-free number: It includes all the other subsidiaries and associates reported in the M&M Annual Report 2019-20. GRI 102-1, 102-2, This report has been externally assured by KPMG, India. 'This report 102-45, 102-46, 102-53, 102-54 has been prepared in accordance with the GRI Standards: Core opon'. 11 SECTORS. 22 INDUSTRIES. 150+ COMPANIES MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 141

COMPANY

PROFILE GRI 102-1, 102-2

AUTOMOTIVE & FARM SECTORS

Businesses in the division

Mahindra Vehicle Manufacturers Limited www.mahindra.com

Mahindra Electric Vehicles Pvt. Ltd. www.mahindraelectric.com

AUTOMOTIVE DIVISION Spares Business Unit (SBU) www.mahindra.com

Mahindra Samriddhi www.mahindra.com

Mahindra EPC Irrigation Limited www.epcmahindra.com

FARM SECTOR Mahindra Powerol www.mahindrapowerol.com

MAHINDRA PAR TNERS

Incubator and growth engine of new businesses since 2009, Mahindra Highlights Partners has successfully helped grow and take to maturity new businesses and investments of the USD 20 billion Mahindra Group. At USD 1 billion, with 16+ porolio companies, and over three thousand in workforce, Mahindra Partners is the Private Equity & Venture Capital division of the company. This division works on accelerang value creaon through a diversified global porolio of emerging, promising businesses. The porolio of Mahindra Partners spans across mulple industries ranging from logiscs, steel processing, conveyor systems, retail, infrastructure consulng and skill-building, to renewable energy, luxury boat manufacturing and media. The division expanded its operaons in the U.S. in the previous financial year. Mahindra Partners is a diversified division that oversees and supports new businesses in the Mahindra Group such as metal products, steel trading, logiscs and solar energy. MRPL Rewa

Ÿ Project achieved commissioning for enre capacity & Manages assets of Portfolio Workforce CoD leer received in January 2020 Companies Ÿ Enre exposure of Yes Bank Limited (INR 727.75 crore) $1 billion 3000+ down-sold to HDFC Bank Limited and disbursed as per 16+ the fund flow requirements REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 142 PROCESS PROFILE AND US OUR PEOPLE PERFORMANCE PERFORMANCE PERFORMANCE PERFORMANCE

Mahindra Accelo (MIL) Mahindra Susten

Ÿ India's Great Mid-size Workplaces by Great Place to Work - Ÿ CII Award for Leadership in Performance - MSPL Goyalri Rank 4 Ÿ Divestment acvies for sale of enre stake in Telangana Ÿ Asia's Best Employer Brand Awards, Singapore - Organisaon Projects concluded with Innovave HR Pracces Ÿ Share Purchase Agreements executed with CLP Group for combined equity amount of INR 340 crore Ÿ Won Tech DD order for more than 700 MWp of projects Ÿ Won an order for Comprehensive O&M from ACME for 4 sites (~total 252 MWp) in Telangana

Businesses in the sector

Mahindra Accelo (MIL) www.mahindraaccelo.com Mahindra Logistics Ltd. (MLL) Mahindra Logistics Ltd. (MLL) Ÿ Performance across parameters improved sequenally from www.mahindralogistics.com Q2 F20. PAT for Q3 F20 at INR 15.5 crore up by 39% vs Q2 Mahindra Susten Pvt. Ltd. F20 (INR 11.2 crore). www.mahindrasusten.com Ÿ Q3 F20 revenue from non-Mahindra non-Auto supply chain businesses grew by 12% over Q3 F19. Despite seasonal improvement in demand, overall demand environment remains so in the Auto Industry.

INFORMATION TECHNOLOGY SECTOR

Mahindra occupies a significant posion in the dynamic and compeve informaon technology (IT) industry. We focus on internaonal knowledge and seamless cross-plaorm funconality, produce IT soluons to empower companies to boost their strengths and improve their core businesses. Leveraging nearly three decades of experience, we offer innovave soluons that integrate technology with business for several Fortune 100 and 500 companies. Our services are delivered by a triage of companies: Tech Mahindra, Bristlecone and Mahindra Comviva, with each of these companies acvely leading in their respecve turfs.

GRI 102-1, 102-2 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 143

Highlights GRI 102-1, 102-2

Ÿ One of only 3 companies from India to be included in the DJSI World Index and one of the 12 Indian companies in the Emerging markets category Ÿ Diversity and Inclusion Iniaves Recognised by Bloomberg - it is amongst the only three Indian companies to be included in the Bloomberg 2020 Gender-Equality Index (GEI) Ÿ Signed a mul-year contract with Airbus for cabin and cargo design engineering - the business aims to capitalise on the specialised skills and competencies in growing cabin engineering business Ÿ Tech Mahindra Bets Big on Sustainability to Drive Business Profitability: Commied to reduce its absolute Scopes 1 and 2 GHG (Greenhouse Gas) emissions 22% by 2030 and 50% by 2050 Ÿ Recognised as a Leader in Dow Jones Sustainability World Ÿ Tech Mahindra Foundaon's SMART programme is skilling youth Index 2019 for the 5th consecuve year to become trained paramedics and healthcare professionals. Ÿ Amongst top 6 companies globally in the "IT services & Today, its students are placed in healthcare facilies across the Internet Soware and Services" segment naon and are serving society in this me of crisis

LEISURE & HOSPITALITY SECTOR

Mahindra Holidays & Resorts India Ltd. (MHRIL), a part of the Leisure and Hospitality sector of Mahindra Group, offers quality family holidays primarily through vacaon ownership memberships, and brings to the industry values such as reliability, trust and customer sasfacon. Started in 1996, the company's flagship brand '', today has a fast-growing customer base of over 250,000 members and 100+ resorts at some of the most exoc locaons in India and abroad. Through MHRIL, Mahindra pioneered the vacaon ownership concept in India to bring affordable and memorable vacaons for Indian families. We boast of 46 stunning holiday desnaons across India and South-east Asia, and thousands of Resorts Condominium Internaonal (RCI) affiliated partner resorts across the world. Moving into excing, new spaces, MHRIL also offers leisure boats, camping vacaons, corporate retreats and homestays. MHRIL aspires to be amongst the Top 5 VO companies of the world in terms of member base by F21.

Highlights

Ÿ 63% increase in business producvity has been observed with respect to base year of 08-09 Ÿ Recently commied to EP100 Cooling Challenge through which the company will monitor the efficiencies of its current air condioning systems and implement energy efficient soluons Ÿ Signed on EP100 where we commied to improve our energy producvity by halving the energy consumpon at our resorts by 2030 Ÿ Implemented many energy saving iniaves and has replaced diesel boilers in all its resorts with heat pump; the business has Mahindra Holidays & Resorts India Ltd. achieved 67% lesser diesel consumpon as compared to last year Ÿ Brush-less DC fans, invertor ACs, etc. - many of these iniaves Ÿ Commied to Carbon Neutrality - to achieve this, the are part of the 26 points Energy Saving programme. MHRIL has business will work on Energy Efficiency (EP100), Renewable saved 1.91 lakh units despite higher occupancy in F20 Energy (RE100) and Offseng by tree plantaon through the Ÿ Signed on RE100 with The Climate Group where we have set a Group's Hariyali Programme target to power 100% of our global operaons with renewable Ÿ Club Mahindra Kanha is the first 100% solar powered resort electricity by 2050 in India

Businesses in the sector

Mahindra Holidays & Resorts India Ltd. (MHRIL) Mahindra Ocean Blue Marine www.clubmahindra.com http://www.mahindra.com/What-We-Do/Leisure-and- Hospitality/Companies/Mahindra-Ocean-Blue-Marine REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 144 PROCESS PROFILE AND US OUR PEOPLE PERFORMANCE PERFORMANCE PERFORMANCE PERFORMANCE

REAL ESTATE SECTOR

Mahindra Lifespaces is one of the leading real estate development companies in India. We have projects across the country and provide thoughully designed living spaces. We espouse responsible, green design and development, and are driven by our mission of Sustainable Urbanisaon. Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the USD 19.4 billion Mahindra Group. The Company is commied to transforming India's urban landscape through its residenal developments under the 'Mahindra Lifespaces' and 'Happinest' brands; and through its integrated cies and industrial clusters under the 'Mahindra World City' and 'Origins by Mahindra World City' brands.

A pioneer of the green homes movement, Mahindra Lifespaces is one of the rst real estate companies in India to have committed to the global Science Based Targets initiative (SBTi). All its residential projects are pre-certied by the Indian Green Building Council (IGBC).

Highlights

Mahindra World City, Chennai (MWC Chennai) Mahindra TERI Centre for Excellence

Ÿ A public-private partnership (PPP) between Mahindra Ÿ Installed Solar Photovoltaic (PV) panels of 16.65 kWhp of Lifespace Developers Ltd. (MLDL) and Tamil Nadu Industrial 23,000 kWh annual generaon, enabling the centre to Development Corporaon (TIDCO), hosted a high-profile become a NET ZERO R&D facility in India. The Centre delegaon of foreign diplomats represenng over 30 received NABL accreditaon in accordance with the countries, including Ambassadors, High Commissioners, internaonal standard ISO/IEC 17025:2017. It has also Consuls General and other members of the diplomac successfully completed the assembly of Guarded Hot Box community from across India, on the invitaon of the Hon. (first of its kind in India to test the building material assembly). Chief Minister of Tamil Nadu and the Government of Tamil As part of the disseminaon strategy, various naonal level Nadu to experience the excellent investment environment in events were leveraged. the state. This first-of-its-kind visit was organised in associaon with the Ministry of External Affairs, Government of India, as part of its Diplomac Outreach iniave on investment opportunies in Indian states. Businesses in the sector Ÿ The delegaon toured MWC Chennai to beer understand the business advantages and the ecosystem within the Mahindra Lifespace Developers Ltd. (MLDL) integrated city, while exploring opportunies for investment www.mahindralifespaces.com and collaboraon. Mahindra World City Developers Ltd. (MWCDL) www.mahindraworldcity.com

Mahindra World City Jaipur Ltd. (MWCJL) www.mahindraworldcity.com GRI 102-1, 102-2 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 145

FINANCIAL SER VICES SECTOR

Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India's leading non-banking finance companies. The company has diversified into a financial Over AUM of over Over services provider with a whole suite of financial soluons tailored to the under-served customer in under-penetrated rural markets. 33,000 £67,000 1,300 Our product porolio consists of vehicle finance, which includes employees crore ofces financing of passenger vehicles, ulity vehicles, tractors, commercial vehicles, construcon equipment; and pre-owned vehicles and SME finance, which includes project finance, Serving customers equipment finance, working capital finance and bill discounng in more than 370,000 villages services to SMEs. With over 33,000 employees, Mahindra Finance has a presence in every state in India and a footprint in 85% of its districts. It has a network of over 1,300 offices, serving customers in more than 370,000 villages that's one in every two villages in the country. MMFSL has assets under management (AUM) of over INR 67,000 crore. Since incepon, Mahindra Finance has served as a posive change agent catering to the financial needs of millions in rural and semi-urban India. Its deep connecon with the customers and their evolving needs has been the key to its growth and success. The year 2019 witnessed 25 years of Mahindra Finance. The Company's Insurance Broking subsidiary, Mahindra Insurance Brokers Limited (MIBL), is a licensed Composite Broker providing Mahindra Insurance Brokers (MIBL) Direct and Reinsurance broking services. Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides Ÿ Launched new Sajhedaari (Partnership) iniave to idenfy, loans for purchase, renovaon and construcon of houses to train and develop a team of cerfied Point of Sales Person individuals in the rural and semi-urban areas of the country. (PoSPs) for insurance distribuon. The PoSP model is a Mahindra Asset Management Company Private Limited (MAMCPL), combinaon of physical and digital (phygital) models and is a wholly owned subsidiary of Mahindra Finance, acts as the regulated by the Insurance Regulatory and Development Investment Manager of Mahindra Mutual Fund. Authority of India (IRDAI). MIBL's vision is to move society forward through financial inclusion, and Sajhedaari aims to empower people in rural markets by providing them with an alternate means of livelihood, and also increase awareness Highlights about the need for insurance in the country. By 2023, MIBL's goal is to train over 100,000 people to sell insurance, using end-to-end digital processes. Ÿ Mr. Anand Mahindra at Davos 2018 reaffirmed his pledge to climate change migaon by comming all Mahindra Group companies to seng Science Based Targets which aim to limit global temperature rise to 1.5-2 degrees celsius. He also made a bold statement announcing all Mahindra Group companies to become carbon neutral by 2040. Aligning to Mr. Mahindra's commitment, FSS has developed its Carbon Neutrality Roadmap 2040.

Mahindra & Mahindra Financial Services Ltd.

Ÿ Became the 1st Financial Company in India to be commied towards call to acon for Science Based Targets in 2018 and in Businesses in the sector the current financial year the company's preliminary validaon for carbon reducon target seng is complete. Mahindra & Mahindra Financial Services Ltd. (MMFSL) The SBTi Team has also invited MMFSL a for methodology www.mahindranance.com development exercise for Financial Instuons. Ÿ Formed a joint venture with global financial services group Mahindra Insurance Brokers Ltd. (MIBL) Manulife Financial Corp., to expand the mutual fund business www.mahindrainsurance.com of subsidiary Mahindra Asset Management Co. Pvt. Ltd. Mahindra Rural Housing Finance Ltd. (MRHFL) www.mahindrahomenance.com

*Mahindra Insurance Brokers Limited (MIBL) and Mahindra Rural Housing Finance Limited (MRHFL) are wholly owned subsidiary GRI 102-1, 102-2 companies of Mahindra & Mahindra Financial Services Limited. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 146 PROCESS PROFILE AND US OUR PEOPLE PERFORMANCE PERFORMANCE PERFORMANCE PERFORMANCE

MOTOR SPOR TS SECTOR GRI 102-1, 102-2

Launched in 2014, Mahindra Racing is a founding team and the only Indian team compeng in the ABB FIA Formula E Championship, the world’s first all-electric street racing series. Aer scoring its breakthrough victory at the Berlin E-Prix in 2017, Mahindra Racing has built an impressive stats sheet becoming a mul-race winning ouit.

Committed to innovation and addressing the impact of climate change, we were the rst Formula E team to be awarded the FIA Environmental Accreditation two-star rating [previously named 'Progress Towards Excellence'].

Business in the sector First aained in November 2016, we successfully maintained our status of two-star rang following an audit in February 2019. Mahindra Racing UK Limited www.mahindraracing.com

In December 2020, Mahindra Racing became the first Formula E to receive the highest sustainability accolade, a three-star accreditaon by the Federaon Internaonale de l’Automobile (FIA), motorsport’s governing body.

AFTERMARKET SECTOR

The Mahindra Group introduced the Aermarket Sector for taking care Highlights of the growing populaon of vehicles in India. This move ushered in the tenets of organised corporate sector in a larger, unorganised market.

Ÿ Observed 10% YOY Sales Growth despite sluggish auto industry due to COVID-19 and other external factors Businesses in the sector Ÿ Brought an external vendor onboard to manage Warehouse Operaon & Logiscs for cost reducon and sustainable Mahindra First Choice Services Ltd. growth (Multi-brand Service Chain) Ÿ 2-Wheeler spares sale increased from 30.69 L to 215.43 L in www.mahindrarstchoiceservices.com F20 with a gross margin of 12% Ÿ Mahindra First Choice Wheels Ltd. MFC Lube sale increased from 874.31 L to 952.13 L in F20 (Sale & Purchase of Used Cars) MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 147

AWARDS

The awards and recognions we receive are a testament to our commitment and reinforce our faith in the path we have chosen to achieve goals. Some of our key recognions received during the year include:

Products Ÿ Mahindra Susten: India Solar Week Awards - Solar EPC Company of the Year 2019

Ÿ Mahindra Susten 60 MW MSPL Goyalri (RJ) Project: Won the Ÿ MLL: ET Now Star of the Industry Award "Best Performing Project for Technical Performance" award at Ÿ RE Assets India 2020 event by Solar Quarter MLL: CII Scale Awards for Overall Excellence

Ÿ Mahindra Susten: Technical O&M Service Provider of the Year (RE Assets 2019) 2018 Ÿ Mahindra Susten: Technology Innovaon of the Year (RE Assets 2019) 2018 People Ÿ Mahindra Susten: Best Performing Project of the Year Technical (RE Assets 2019) 2018 Ÿ MMFSL was listed by Great Place to Work® Instute India in the Top 100 list of Great Places to Work in India for 4 years in a row. In Ÿ Mahindra Susten: Best Performing Project of the Year Financial 2019 this year Mahindra Finance is Ranked 8th in the Great Places Performance (RE Assets 2019) to Work Survey 2019 Ÿ Club Mahindra is rated India's Most Popular Resort Chain by the Times Travel Award 2019

Ÿ Great Place To Work India's Best Workplaces in BFSI 2019: Mahindra Finance has been listed in Top 20 India's Best Workplaces 2019 in the BFSI Industry by the Great Place to work instute

Ÿ Mahindra Susten: 2019 Working Mother & Avtar 100 Best Brand Companies for Women in India

Ÿ Mahindra Annual Report 2019 wins Gold at the MARCOM Awards (Markeng and Communicaon), USA REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 148 PROCESS PROFILE AND US OUR PEOPLE PERFORMANCE PERFORMANCE PERFORMANCE PERFORMANCE

Environment

Ÿ Club Mahindra Kanha was awarded 'Green Hotel of the Year', at Ÿ MLDL received 'Corporate Governance and Sustainability Vision the recently concluded 11th Hotelier India Awards 2019 for Award 2020' by Indian Chamber of Commerce in two categories rejuvenang the environment 'Sustainable Performance and Corporate Social Responsibility' held on 18th February at The Park, New Delhi

Ÿ Mahindra Holidays & Resorts India Ltd. (MHRIL) was awarded the Cerficate of Merit - Challengers Category by Frost & Sullivan and TERI (The Energy and Resources Instute) at the 10th edion of 'Sustainability 4.0 Awards' for demonstrang effecve deployment of Sustainable Development pracces within the organisaon

Ÿ ZWL cerficaon for Virajpet by Intertek

Ÿ Mahindra Holidays Gangtok Resort wins the 'Best Eco-Friendly Leadership Resort' by Government of Sikkim

Ÿ Mahindra Holidays wins 'Challenger of the Year' at TERI & Frost Ÿ Mahindra Susten: Leading RE Developer - REI Awards 2019 and Sullivan's Sustainability 4.0 Awards

Ÿ The Financial Times has awarded Mahindra World City, Chennai and Mahindra World City, Jaipur with the presgious fDi Magazine Free Zones of the Year Awards 2019 in 'Development of Technology' & 'Sustainability' respecvely. These global awards recognise the most promising free zones across the world.

Ÿ Tech Mahindra awarded the Microso Sustainability Supplier Excellence award 2019

MMFSL Ÿ Bagged the Global Corporate Sustainability Award (GCSA) in Taipei, Taiwan on 28 November 2019. The award category was Ÿ Mahindra Finance included in the renowned FTSE4Good Index Reporng (Emerging Market) for SR 2017-18. It was presented by Series constuent. The selecon is a tesmony to MMFSL's Vice President of Taiwan. Global Corporate Sustainability Awards connued leadership in environmental, social and governance were (GCSA) hosted by Alliance for Sustainable Development (ESG) performance Goals (A·SDGs) Ÿ Mahindra Susten: India Solar Week Awards - Monika Rathi - Ÿ Listed on the Dow Jones Sustainability Index (DJSI) Emerging Woman Leader of the Year Market Trends for the 7th consecuve year. MMFSL is the only financial services company in India to have made it to this list. Mahindra Finance was also felicitated by RobecoSAM on 8th Jan 2020 at for making it to the Emerging Markets Index

Ÿ Ranked 49th amongst Top 100 Indian companies for Sustainability & CSR under Responsible Business Rankings 2019 by Futurescape

MHRIL Ÿ Won the Bombay Chamber Civic Awards for the year 2018-19 under the Sustainable Environmental Iniave category. Special Recognion (Conservaon of Natural Resources & Waste Management)

Ÿ Received Mahindra Rise award for the group in Sustainability MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 149

SUSTAINABILITY

AND US GRI 102-40

Mahindra is a confederaon of diverse STAKEHOLDER ENGAGEMENT businesses, so we are almost ubiquitous across all industries, from manufacturing to For us, geng feedback from our stakeholders is only the beginning of stakeholder services to retail. Therefore, each of our engagement. We go beyond this elementary process and seek to acvely collaborate with our businesses has its own, disnct set of stakeholders to jointly work with them in finding soluons, whether they are our customers, stakeholders and material issues, based on investors, dealers, suppliers, employees or the local communies. its products, scale of operaon and the Below is a summary of the various engagement channels we use that enable us to parcipate geography it caters to. This has resulted in in a dialogue with our stakeholders. each business undertaking materiality exercises that are specific to its operaons, to frame individual roadmaps and appraise List of stakeholder groups Engagement Channels their own performances across the triple boom line. Government/Regulatory Environmental compliance, policy intervenon The report explores the sustainability Authories performance of M&M (Auto & Farm Sector) individually and in line the GRI Standards, Employees Conferences, workshops, publicaons, newsleers and while the sustainability highlights of all the reports, online portals, feedback surveys and one-on-one other sectors have been captured in a interacons, employee involvement in CSR acvies separate “Subsidiaries secon”. The reason for this change in format, is to transion and Customers Interviews, personal visits, publicaons, mass media and align with the GRI Standards, while providing digital communicaons, feedback camps, plant visits and for enhanced comparability of sector support programmes performances. Suppliers & Dealers Supplier and vendor meets, workshops and trainings, audits, Being the Group's flagship company, policies, IT-enabled informaon sharing tools and recognion Mahindra & Mahindra has the largest plaorms poron of Mahindra's operaons, and Mahindra Lifespaces and Mahindra Finance Investors/Shareholders Annual Report, Sustainability Report, press releases, investor already publish individual reports. So, we presentaons, corporate website, quarterly and annual results found it essenal to have dedicated reportage for the other key businesses in our Local Communies CSR acvies porolio. In the following pages, we present a summarised report of Mahindra & Educaonal Technical collaboraon, capacity building, research Mahindra's subsidiaries, comprising the Instutes/Universies triple boom line highlights of each sector.

EMPLOYEES

Employees of our Group are constantly encouraged, engaged as well as energised to go beyond their call of duty. To ensure that our employees perform to the best of their potenal, we conducted various acvies during the reporng year, some of which are as follows:

Bloomberg

Tech Mahindra's Diversity and Inclusion Iniaves have been recognised by Bloomberg. Tech Mahindra is amongst only three Indian companies to be included in the Bloomberg 2020 Gender-Equality Index (GEI). GEI measures gender equality across five pillars - female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. Tech Mahindra was evaluated on the basis of financial performance commied to supporng gender equality through policy development, representaon and transparency. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 150 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Employee Training MF STAR Mahindra First Choice Services Ltd. Employee Rewarding Programme Mahindra & Mahindra Financial Services Ltd. Training conducted at Symbiosis Instute for two-wheeler dealer/franchisee employees for technical enhancement. This The unique reward point system under the MF STAR programme training built up more confidence and movaon among the MFCSL provides an opportunity to reward our employees adequately for 2-wheeler franchisee employees; the technical team (MFCSL) used their efforts through a giing mechanism. The system works on the all the training facilies and resources which were available at principle of “beer performance, bigger rewards”. Every award like Symbiosis, for conducng technical training. Star Performer of the Month/Quarter, Going an Extra Mile, and so A specialised training capability programme, Kulguru, was also forth, is connected with a pre-decided number of points which can launched to support our franchisee effecvely. A Gyaandaan session be redeemed. This year, over 6,600 products have been redeemed was conducted, wherein the franchisee could communicate all from the MF STAR online bouque! technical issues that they experience during their day-to-day operaons.

Customer Experience Drive Aarogya Mahindra & Mahindra Financial Services Ltd. For Franchisee Employees At Mahindra Finance, employees are encouraged to maintain a Customer Experience Drive Workshop is a so skills programme for healthy lifestyle. To promote this cause, several health and wellness franchise employees. The programme is based on Customer sessions were organised across all the Regional Offices, which Handling & Interacon Skills for front end staff like Works Manager, resulted in very high parcipaon. In F20, over 7,000 employees Service Advisor & Customer Relaonship Manager, who manage benefied through the various Aarogya iniaves. More recently, a customers on a regular basis. The training is designed to include role skin consultaon event was organised in the Head Office. play, group discussions, videos and other acvies. CXD is contribung in enriching our Franchise Value Proposion.

To know more about the iniaves taken for our employees please refer to MFC Arjuna the People Performance chapter of the report on page 154. Ask the Expert

The Arjuna programme was launched to enhance the technical knowledge of our exisng franchise manpower. The technical team did not limit themselves to just creang the module and training the manpower, rather they went into geng the fundamental issues sorted, and explained the technical aspects behind it to create beer performance and confidence. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 151

CUSTOMERS

I Am Green Army | COVID-19 Solutions | Mahindra Lifespace Developers Ltd. Tech Mahindra

The Green Army provides educaon to children on sustainable COVID-19 has caused unprecedented challenges to people, living habits and choices and encourages them to spread awareness industries and companies across the globe. Working closely with amongst friends, families, sociees and nearby communies. Since customers, regulators and government officials in a collaborave its incepon, the Company has reached out to 350 schools, 70,000 fashion, Scoabank and Tech Mahindra project teams came together students, and 280,000 cizens across Mumbai Metropolitan Region, to execute agile delivery sprints for rapid rollout of Smart Pune, Nagpur, Chennai, Delhi, Ahmedabad and Bengaluru. Automaon soluons including effecve leverage of Pega technology. The processes were enabled for seamless end-to-end fulfilment, regardless of whether the request was iniated from the contact centre, branch representave, online channel or a mobile As a result, savings of applicaon. According to Scoabank, Tech M adapted to the new pace easily, worked relessly and was even able to suggest ways that 3,150,000 accelerated their programme delivery. units of energy

48,190 million litres of water 6,387.50 tonnes of waste has been observed

Club Mahindra Fundays | Mahindra Holidays & Resorts India Ltd.

Club Mahindra Fundays is an exclusive points-based programme for corporates which enables them to use this membership to reward outstanding performers, long service awards, company off-sites or simply as an incenve. At Club Mahindra, we provided corporates the chance to offer their employees holidays at over 100 Club Mahindra resorts in India and in internaonal desnaons like Thailand, Singapore, Malaysia, Dubai and others. Reputed organisaons like Times of India Group, Cibank, HDFC Bank, Tata Group, Bosch, Fiat and more, have extended the Fundays experience to their employees. These magical holidays at our picturesque resorts not only revive their employees' relaonships but also inspire them to come back with unmatched zeal and vigour. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 152 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

LOCAL Mahindra Lifespace Developers Ltd. COMMUNITIES Stakeholder Meet 2020 with the theme of Future Proofing, was the me to reconvene Fostering a posive ecosystem with our local to share changing perspecves of communies not only provides us with the environmental, social and governance risks in social license to operate but also generates the value chain, understand best pracces societal prosperity. Through consistent and recognise those who are taking a big engagement, we work to build an enriching leap towards greening their own supply and meaningful experience with our chain. This meet served as a plaorm where communies. With instuonalised our stakeholders discussed key issues related mechanisms, we communicate with them, to sustainability and how their efforts are share their aspiraons, work together and translang into MLDL's green products and connually strengthen our relaons. sustainable services. To know more about iniaves taken towards local communies under the Group CSR programmes, The most important aspect of the meet was please refer to Social Performance chapter of the the release of the MLDL value chain strategy, report on page 194. Supplier Code of Conduct and the Supplier Self -Assessment checklist. The key aspects of the code and assessment are environmental, social and governance aspects. The code of SUPPLIERS conduct has three levels. All vendors need to meet the minimum standards. The single use & DEALERS plasc ban policy was also communicated in the meet. Mahindra Susten

Mahindra Holidays & Resorts India Ltd.

Our corporate values and sustainability culture is communicated to our Suppliers & Dealers through the Supplier Code of Conduct which is incorporated in the supplier annual agreements and in the RFQ floated to them. Supplier meet Sustainability session in Purchase Meet 2020 at Ashtamudi - key vendors were called upon for conducted in February with aending the session by Group Sustainability. Vendors were trained on the importance of following the sustainability standards, trained in the concepts and significance of carbon a participation of around footprint, greenhouse gas emissions by organisaons and its impact, energy conservaon, and 110 water posivity. The importance of supplying eco-friendly products was also addressed with SUPPLIERS; further discussion on overcoming the secondary package issues. Capacity building on supplier assessment for Sustainability. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 153

INDUSTRY CONNECT

SBTi RE100 (Renewable Energy 100)

MHRIL signed on RE100 with The Climate Group where we have set Mahindra Susten a target to power 100% of our global operaons with renewable electricity by 2050. is streaming in at 7 of our resorts - Scope 3 emission Commied to SBT; Decrease in specific Tungi, Kanha, Kumbhalgarh, Jaisalmer, Puducherry, Udaipur and screening completed targets derived and emissions by 2% Hatgad. 21.7 million kwh generated in F20. as per Science Based under management from F19 Targets review

Club Mahindra Kanha is India's rst 100% solar powered resort, with outdoor solar Mahindra Holidays and Resorts India Ltd. lights for our landscaped areas, and there has been 1.10 cr worth of savings due to Scope 1, 2 Received MHRIL commits Through this the solar power generated. & 3 emission acceptance to reduce Scope iniave, data and from SBTi, 1, 2 & 3 GHG MHRIL will targets targets emissions by monitor submied to be 88.3 % per and reduce to SBTi on approved Room Night its carbon September 27 Booked by 2031 footprint at EP100 (Energy Productivity 100) from the base all its Resorts year of 2016 pan India MHRIL signed EP100 where we commied to improve our energy producvity by halving the energy consumpon at our resorts by 2030. We have implemented many energy saving iniaves like heat pump for hot water generaon and we have replaced diesel boilers in all our resorts with heat pumps and have achieved 67% lesser diesel Mahindra Logistics Ltd. consumpon as compared to last. Many of these iniaves are part of our 26 points energy saving programme. We have saved 1.91 lakh Science Based Targets have been submied units despite higher occupancy in F20. to SBTi for reducing carbon emissions 63% DJSI increase in our productivity with respect to base year of 08-09 Ÿ Mahindra & Mahindra Financial Services Limited (MMFSL) was listed on the Dow Jones Sustainability Index (DJSI) Emerging Market Trends for the 7th consecuve year. MMFSL is the only Financial Services company in India to have made it to this list. Mahindra Finance was also felicitated by RobecoSAM on 8th Jan EP100 - Cooling Challenge 2020 at Bombay Stock Exchange for making it to the Emerging Markets Index. MHRIL recently commied to the EP100 cooling challenge through which we will monitor the efficiencies of our current air condioning Ÿ Tech Mahindra Recognised as a Leader in Dow Jones Sustainability systems and implement energy efficient soluons. World Index 2019 for the 5th consecuve year. Tech Mahindra is one of the only 3 Indian companies to be included in the DJSI World Index and one of twelve Indian companies in the DJSI Emerging Markets category. The company is ranked amongst top Electric Vehicle six companies globally in the "IT services & Internet Soware and Services" segment. The DJSI ranking is a validaon of Tech For electric vehicle charging, Mahindra First Choice Services Ltd. has Mahindra's focus towards driving its sustainability agenda across iniated a synergy project with Mahindra Powerol, wherein MPL will environmental, social and governance parameters through specific source EV units at MFCSL franchise, and in turn MFCSL will provide iniaves, such as renewable energy and water reusability charging support to all the EVs of mobility sectors such as MERU, projects and investment in innovave sustainability soluons. GLYDE, MLL and BluStart. The charging staon at franchise is open for general customers as well. This project has been launched to encourage EV usage and to reduce polluon. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 154 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

DRIVEN BY OUR PEOPLE

OVER VIEW

Since inception, Mahindra's federation of companies have always stood strong in the face of adversity. In challenging times, they have proven their ability, agility and adaptability. Mahindra Subsidiaries have repeatedly been able to render exceptional and extraordinary measures in uncertain times because of their people. We are who we are because of our people, and they are the reason behind Mahindra's strength and resilience.

For Mahindra Group, the health, well-being, safety and development of employees has always been of utmost priority, and all Mahindra Subsidiaries have imbibed the same principles and values passed on by the Group. The Subsidiaries have always Mahindra Accelo priorised their people and are driven to create a posive and won Asia's Best healthy work environment for Employer Brand employees through progressive HR policies and talent Award for being management processes that go an ‘Organisation beyond aracng and recruing talents, and extend to nurturing, with Innovative movang, rewarding and HR Practices’ retaining them.

Tech Mahindra was ranked amongst the top 25 in India's Best Companies to Work For list by the Great Place to Work® Institute. It was also recognised for being #21 Best in Mega Employers (>50,000 employees) and Career Management categories.

MANAGEMENT APPROACH

Driven by the goal to be one of the Top 50 most admired global brands by 2021, Mahindra Group and its subsidiaries are commied to understanding the needs of its employees and Diversity and Inclusion are an intrinsic meeng their expectaons to create a safe, healthy and nurturing workplace. All Mahindra part of our policies and processes, and Subsidiaries are aligned to the vision and mission of the Mahindra Group and ensure due the Mahindra Subsidiaries iniate diligence in: Labour Practices, Human Rights and Diversity & Inclusion. numerous projects that bring out the very best in every employee and make We adhere to all labour legislaons and do not tolerate discriminaon in any form. When it them feel a sense of belonging comes to Human Rights, the Mahindra Group of Companies advocate the highest standards of towards the company and a sense of human behaviour and respect the dignity of everyone associated with us. Any act that violates ownership towards their work. human rights is unacceptable and is not tolerated.

GRI 103-2, 103-3 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 155

POLICIES

As a part of Mahindra Group, our subsidiaries have a well-structured framework in place to ensure smooth implementaon of policies through a central HR council, comprising business sector HR heads, who address all maers related to labour pracces.

Our HR policy aims to ensure equal Our employee relaons policy is aimed at dignity and equal opportunies for all building employee centric pracces and employees by aiding in: encouraging transparent communicaon. The objecves of the policy include: Planning of resources by mapping skills and opportunies of our employees, Achieving organisaonal goals with leading to enhanced job sasfacon acve involvement of employees

Seng high standards of employee Focussing on aracng, retaining and behaviour and ensuring dignity of each nurturing people with relevant skill sets employee, irrelevant of seniority or and competencies hierarchy Creang a mutually beneficial and Garnering valuable employee feedback producve industrial climate through robust employee relaons iniaves and periodic employee Managing employees fairly and surveys transparently

EMPLOYEE CENTRIC INITIATIVES: Sexual Reassignment Surgery Policy | Tech Mahindra

Tech Mahindra has global operaons in more than 90 countries, and it recognises the value diverse people bring to the workplace. The purpose is to empower people to rise, to take pride in their uniqueness and reflect the different backgrounds, experiences, ideas and perspecves of our people, which essenally means that we pracse inclusiveness in all aspects of diversity - right from gender and sexuality to generaon and ideaon. To stand true to our commitment, Associates planning to undergo Sexual Reassignment Surgery (SRS) are helped by Tech Mahindra at every step. 30 calendar days of paid me-off is granted to them, and the Company ensures a smooth transion and accommodates any request of change of locaon, name, work, etc. To help our Associates financially, we reimburse up to INR 5 lakh of the cost of surgery and related expenditure. We also make sure that they are given access to gender neutral washrooms, the right to comply with any dress code in a way that reflects their gender identy as well as opon to change gender status in company records.

Sanjeevani | Mahindra Logistics

Sanjeevani is a framework based on four key pillars:

Employee Welfare Inclusive Development Communication Participation

It aims to improve producvity and engagement of all our employees by iniaves like 'Samvaad', that allow employee connect programmes, by formaon of work commiees at locaons to ensure inclusive parcipaon of employees, and by organising health camps and awareness workshops on ESI and PF benefits. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 156 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

PRIORITISING HEALTH & SAFETY

The COVID-19 pandemic has re-established how monumental health and wellbeing is, not just at a personal level, but also at the community and naonal level. For us, the health, safety and wellbeing of our employees has always been a pre-requisite. We realise and recognise that good health and safety boost producvity and enhance employee morale. To provide a safe working environment, we have integrated safety measures into key business acvies with detailed Occupaonal Health and Safety (OHS) policies.

Our rigorous safety procedures are constantly upgraded every year, in tandem with our technological advancement. Right from safe working pracces, behaviour-based safety, office ergonomics or safety training, to health and fitness acvies, we work to create a workspace that is conducive for the all-round development of our employees.

During the reporting period, the following initiatives Safety Month Celebrations were undertaken: To mark Safety Month, we conducted several engaging acvies to increase employee Ÿ Under the Safety Inducon iniave, Ÿ Two new projects for safety and security awareness on safety norms and pracces. 4,737 new employees were inducted in of employees were taken up during this The acvies spanned over a month, from the reporng year financial year through Safety App for 4th March to 4th April 2020. emergency support of employees, and Ÿ Fire drill, safety and electrical audit and CCTV e-surveillance (Central Monitoring These included: safety drills were carried out at 55 System) under Project 'JAGRUTI' locaons Slogan, essay wring and poster painng Ÿ Iniated Fire Fighng/Mock Drill training compeon for all staff, workers and families Ÿ Iniated 'Safe Driving Dashboard' for the programme for outsourced employees, of employees company-owned vehicles to send alerts which included 142 numbers of on incidents like night travel, over housekeeping staff and security guards Lucky draw for presents during the inaugural speeding, etc. and closing day funcons Ÿ Iniated scorecard-based driving of Ÿ Launched safety training programmes employee health and safety, thereby “Chalta Bolta” quiz compeon for all using modes like video screening in achieving improvement on all the departments branches, e-learning programmes, etc. metrics in the scorecard Safety Kaizen compeon Ÿ Branch promoonal acvies and Ÿ Gemba visits were conducted by the e-mails to create awareness among Safety Team and Senior Management Interdepartmental Mock Drill compeon employees under Suraksha Abhiyaan-4, and a minimum of five visits are planned which covered 3,527+ MMFSL for each month Best EHS Performance Department for F19 employees Ÿ Integraon of Environment Zero Accident Department for F19 Ÿ Safety training provided by Mahindra Management System (ISO 14001:2015) Group Safety Council to Zonal and Head and Occupaonal Health & Safety Best Coordinator for F19 Office I&S team members on Office Assessment System (ISO 45001:2018) Safety, Incident Invesgaon and RCA Best Safety Commiee Member Ÿ All branches were given COVID-19 advisories and all government laid Safety Drama regulaons were followed EHS Trainings

Safety Dashboard

Permanent Contract Other Employees Permanent Contract Other Employees Employees Lost Employees Lost Lost Time Injury Employees Total Employees Total Total Lost Day Time Injury Rate Time Injury Rate Rate [unit] Lost Day Rate Lost Day Rate Rate [unit] [unit] [unit] [unit] [unit]

MSSSPL 0.978903 0.681338 0 3.57 1.73 0 Mahindra Intertrade Limited 26.9 11.3 0 159 0 0 Mahindra Lifespaces 0 1.74 0 0 0 0 Developers Limited Mahindra Logiscs Limited 0 4.53 326 0 0 0 Mahindra Susten 0 0 0 0 0 0 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 157

TALENT MANAGEMENT

All Mahindra Businesses approach the talent management process, not just to aract the best talent, but also focus on developing, promong, nurturing and retaining the best talent sourced from the industry. We offer numerous opportunies for employees to hone their skills, reinforce their learning, smulate imaginaon and invigorate passion. Through well-integrated growth strategies and diverse engagement tools, we invest in our people to facilitate their growth and development. In line with Mahindra Group's aspiraon to be a globally admired brand and amongst the top companies to work with, all Mahindra Subsidiaries consistently introduce iniaves, projects and progressive policies that place our employees at the epicentre.

K E Y I N I T I A T I V E S A N D D E V E L O P M E N T P R O G R A M M E S :

Campus Connect | Mahindra Finance The Campus Connect programme provides a plaorm for the organisaon to recruit aspiraonal, intelligent and commied youth who have the zeal to become managers of tomorrow. It focusses on grooming the Management Trainees as a talent source for the Mahindra Finance leadership pipeline. The programme is a rigorous 18-month structured module, which enables Management Trainees to get groomed and acquainted with the various aspects of business, including different roles and exposure to various products and business funcons. Do More With Less focusses on deriving more output from every unit of input. Do it together is about going forward by building synergies and foster powerful partnerships to mulply the power of ideas and Do It For All is to make innovaons accessible in improving the quality of life of every person on the planet.

It is kicked off with a 1-week induction programme and a 3-week shadowing project, post which the Management Trainees are assigned 2 live projects in business areas for a duration of 3 months. They also undergo a 1-month rural immersion programme, where the trainees are expected to conduct an ethnographic study to understand the customer and competitors in detail. The next 10 months are spent in 'on the job' training.

Talent Exchange Marketplace - Talex | Tech Mahindra

Talex is the first AI-based, talent exchange marketplace, to address issues related to upskilling, reskilling and talent management within the organisaon. Talex uses AI technology to match candidate profiles with suitable job openings in the organisaon. It takes into account the previous assignments of the candidates, their educaonal background, skills, manager rangs, self-rang, awards & accolades and contribuon towards larger organisaonal goals. It is in line with Tech Mahindra's ethos of building a workplace of the future by harnessing the power of internal talent. The true differenang feature of Talex lies in its capability to accept candidate bids for best-suited roles using pre-assigned credits, thus, capturing their interest for the role and allowing them to fulfil their career goals within the organisaon. Job posters can view applicant profiles, profile match percentages, and bid values to judge the perfect fit for the role. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 158 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

EMPLOYEE CAPABILITY BUILDING

Capability Building is a part of our Employee Value Proposion, and Mahindra Group businesses ensure that their management and employees are engaged and commied to building capabilies that result in effecve, lasng gains and have a long-term posive impact. All Mahindra Subsidiaries address aspects of capability building through a systemac development approach and carry out several iniaves that hone the capabilies of our employees.

UaaS - Upskilling as a Service | Tech Mahindra

UaaS is an AI-based plaorm that provides interacve, on-demand, Employees are given the opportunity to work on real projects to contextual and personalised upskilling to employees in self-service gain experience using the NAD (New Age Delivery) plaorm. mode. The plaorm goes beyond mere training and provides a This iniave is helping employees successfully complete future skill pracce environment and assignments. cerficaons along with their work responsibilies.

Since its launch, the UaaS platform has become the most popular way to learn at Tech Mahindra, and is helping us reskill 65,000+ employees, who can explore 5,000+ curated courses/assessments from various learning partners and technology experts.

The plaorm is proving to be the X factor in our pursuit of being FIT4Future and ensuring inclusive growth, which are strategic goals for Tech Mahindra.

EMPLOYEE ENGAGEMENT

We believe that Employee Engagement is crucial to ensure a healthy work environment. It not just helps us understand the needs and expectaons of our people, but also allows us to movate team, garner feedback, enhance employee involvement and increase individual producvity. When done right, Employee Engagement can help employees deliver beer results and can aid with enjoying work more.

We engage with our employees through the following platforms:

At Mahindra Accelo, Employee Engagement begins from onboarding and inducon, and connues through the enre journey of the employee at Mahindra. The Company has an exclusive engagement strategy for the new recruits focussed on fostering a culture of agility, building a learning outlook and creang an engagement culture.

Mahindra Logiscs has iniated Samvaad and MCares to offer a plaorm to employees, where they can share their views and opinions. Such plaorms allow dialogue with employees, help idenfy concerns, and open a window of opportunity for reflecve and producve conversaons.

Other Iniaves: CARE – Connect with Associate and Resolve with Engagement | Tech Mahindra CARE is a plaorm where Associates can raise their grievances related to non-operaonal issues like interpersonal issues, policy violaon and work harassment. We use this formal tracking mechanism to handle bullying, interpersonal and non-POSH concerns in a fair, mely and confidenal manner. The plaorm helps build an organisaonal culture based on openness and trust as well as reduces conflicts, increases producvity and re-energises associate engagement. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 159

Making Sustainability Personal | Mahindra Susten

Our 'Make Sustainability Personal' iniave encourages employees to be a part of our sustainability journey, by contribung to make a difference, not only at the workplace but also at home.

Under this initiative, Mahindra Susten organised a series of activities that saw the participation of 25% employees.

Some of the acvies include:

Annual Mangrove Plantaon was held on Employees parcipated in a clean-up Mahindra Hariyali 15th Feb 2020 on World Wetland Day, contest - Trash Tag Challenge, where they wherein Mahinda Susten employees had the opon of either cleaning up a Energy Conservaon Quiz and Case Study planted 200 saplings and carried out a community premises or their contest: In addion to the quiz and clean-up drive at the site workstaons and share the before and contest, Mahindra Finance Earth Hour aer images on their social media was observed wherein lights were Cut the Crap was an iniave undertaken handles with #trashtag, in line with the switched off during the lunch break, at the Marol and Thane offices, where internaonal social media movement pan-India employees were encouraged to bring scrap from their homes; 290 kg of scrap Air Polluon: Inspired by the UN's Green Consumer Month: An online Green was recycled and turned into yellow bags Beat Air Polluon selfie contest, Consumer Test was conducted and at the and these bags were then distributed to employees had to take an acon through Head Office, an Eco-friendly products underprivileged students which they would contribute towards exhibion was also held beang air polluon and send us a selfie Awareness and sensisaon mailers Daan Utsav Best Out of Waste - Reuse Reduce Biodiversity Photo Challenge Recycle: A cra contest where employees Human Rights Quiz had to use waste material to create artwork Internal forums through knowledge Internaonal Day of Educaon sharing sessions, Sustenx, Communique Wastepaper collecon drive: Over 180 and cross departmental collaboraons Wildlife Photography contest kgs of paper waste was collected at our Head Office and sent for recycling Go Paperless: a "Save Paper Save Trees" World Water Day Painng Contest video quiz was conducted across all regions

WORKFORCE SNAPSHOT

Employment Distribution Mahindra Racing UK

Sector Male Female Total Since the commencement of the Season 6 (2019/20), the enre Mahindra Racing team and its operaons has been based in the UK, MSSSPL 2,306 13 2,319 with an increased workforce of 46 personnel, including 30 permanent Financial Services Sector 31,370 1,312 32,682 employees, of which there are 7 Junior management, 15 Middle management and 8 Senior management. Mahindra Accelo 694 23 717 Mahindra Lifespace 283 53 336 Developers Limited Mahindra World City 65 14 79 Mahindra Logiscs Limited 4,756 323 5,079 Tech Mahindra Limited 54,146 25,556 79,702 Mahindra Susten 1,173 87 1,260 Mahindra First Choice 304 13 317 Services Limited Total 95,097 27,394 122,491

GRI 102-8 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 160 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

COLLECTIVE BARGAINING AGREEMENTS FOR F20 (PERMANENT EMPLOYEES) UNIONISED: 99.62% NON-UNIONISED: 0.38% Breakup of Unionised Permanent Employees Number (Unionised) Total strength

Bharaya Kamgar Sena Swabhimani Shramik Kamgar Sanghatana (Talegaon-GMI) Swabhimani Shramik Kamgar Sanghatana (Chakan-MVML) MVML Workers Union , , Mahindra Heavy Engine Associates Union Total , ,

COLLECTIVE BARGAINING AGREEMENTS FOR F20 (CONTRACT EMPLOYEES) UNIONISED: 95% NON-UNIONISED: 5% Breakup of Unionised Permanent Employees Number (Unionised) Total strength

Bharya Kamgar Sena Maharashtra Rajya Mathadi, Vahtuk Transport & General Kamghar Union Audyogik Kamgar Sanghatana Gadegaon Total

EMPLOYMENT GRADE & TYPE

Sector Senior Middle Junior Workman Fixed Term Third Party Others Total Management Management Management Contract Contract

MSSSPL 19 76 550 304 10 1,256 104 2,319 FSS 77 1,782 30,823 0 0 0 0 32,682 MIL 27 65 159 38 0 381 47 717 MLDL 21 198 117 0 0 0 0 336 MWC 5 53 21 0 0 0 0 79 MLL 39 469 3,416 0 1,147 0 8 5,079 Tech M 576 8,043 69,605 0 588 885 5 79,702 Susten 31 131 389 0 97 612 0 1,260 MFCSL 5 57 252 3 0 0 0 317 Overall Result 800 10,874 105,332 345 1,842 3,134 164 122,491

GENDER COMPOSITION, EMPLOYEE TURNOVER & RATE OF NEW HIRES ENTERING & LEAVING

Sector Head Count Turnover Rate (%) New Hire Joining Rate (%) New Hire Leaving Rate (%) Male Female Male Female Male Female Male Female

MSSSPL 2,306 13 18 38 11 46 0.08 0 FSS 31,370 1,312 29 20 24 17 5 2 MIL 694 23 4 0 4 9 1 0 MLDL 283 53 35 43 34 45 DNA DNA MWC 65 14 MLL 4,756 323 13 18 10 25 1 3 Tech M 54,146 25,556 65 67 46 52 30 28 Susten 1,173 87 29 20 34 11 8 0 MFCSL 304 13 40 0 25 8 DNA DNA

DNA - Data Not Available GRI 102-8, 102-41, 401-1 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 161

EMPLOYMENT GRADE, TYPE & GENDER: PERMANENT EMPLOYEES

Sector Senior Management Middle Management Junior Management Workman Total Male Female Total Male Female Total Male Female Total Male Female Total Male Female Total MSSSPL 19 0 19 76 0 76 540 10 550 304 0 304 939 10 949 FSS 70 7 77 1,649 133 1,782 29,651 1,172 30,823 0 0 0 31,370 1,312 32,682 MIL 24 3 27 59 6 65 149 10 159 38 0 38 270 19 289 MLDL 18 3 21 171 27 198 94 23 117 0 0 0 283 53 336 MWC 5 0 5 43 10 53 17 4 21 0 0 0 65 14 79 MLL 36 3 39 403 66 469 3,185 231 3,416 0 0 0 3,624 300 3,924 TechM 525 51 576 7,009 1,034 8,043 45,495 24,110 69,605 0 0 0 53,029 25,195 78,224 Susten 29 2 31 123 8 131 328 61 389 0 0 0 480 71 551 MFCSL 5 0 5 53 4 57 243 9 252 3 0 3 304 13 317 Overall 731 69 800 9,586 1,288 10,874 79,702 25,630 105,332 345 0 345 90,364 26,987 117,351 Result

EMPLOYMENT GRADE & TYPE: NON- PERMANENT EMPLOYEES

Sector Fixed Term Contract Third Party Contract Others Total Male Female Total Male Female Total Male Female Total Male Female Total

MSSSPL 8 2 10 1,256 0 1,256 103 1 104 1,367 3 1,370 FSS 0 0 0 0 0 0 0 0 0 0 0 0 MIL 0 0 0 378 3 381 46 1 47 424 4 428 MLDL 0 0 0 0 0 0 0 0 0 0 0 0 MWC 0 0 0 0 0 0 0 0 0 0 0 0 MLL 1,127 20 1,147 0 0 0 5 3 8 1,132 23 1,155 Tech M 352 236 588 761 124 885 4 1 5 1,117 361 1,478 Susten 86 11 97 607 5 612 0 0 0 693 16 709 MFCSL 0 0 0 0 0 0 0 0 0 0 0 0 Overall Result 1,573 269 1,842 3,002 132 3,134 158 6 164 4,733 407 5,140

AGE COMPOSITION AND TURNOVER

Sector Turnover Turnover Turnover New Hire New Hire New Hire New Hire New Hire New Hire Rate Age Rate Age Rate Age Joining Rate Joining Rate Joining Rate Leaving Rate Leaving Rate Leaving Rate <30 yrs 30-50 yrs >50 yrs Age <30 yrs Age 30-50 yrs Age >50 yrs Age <30 yrs Age 30-50 yrs >50 yrs (%) (%) (%) (%) (%) (%) (%) (%) (%)

MSSSPL 36 7 10 5 1 54 0 0.09 0.25 FSS 36 23 8 33 15 3 7 3 0.5 MIL 6 3 0 6 3 0 1 0.49 0 MLDL 45 35 40 81 28 10 DNA DNA DNA MWC MLL 16 11 10 16 8 9 2 1 0 Tech M 88 30 23 57 31 81 57 7 3 Susten 25 33 59 40 20 15 9 4 0 MFCSL 47 35 0 44 14 71 DNA DNA DNA

DNA - Data Not Available GRI 102-8 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 162 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

TRAINING (AVERAGE MAN-HOURS/EMPLOYEES)

Sector Senior Management Middle Management Junior Management Workman Avg Training Hours Avg Training Hours Avg Training Hours Avg Training Hours Male Female Total Male Female Total Male Female Total Male Female Total MSSSPL 5.07 0 5.07 8.87 0 8.87 15.19 3.19 18.38 8.97 0 8.97 FSS 68 43 111 25 29 54 11 10 21 NA NA NA MIL 10.15 7.50 17.65 18.68 10.25 28.93 19.41 29.35 48.76 0.96 0 0.96 MLDL 44.63 64.33 108.96 17.27 15.23 32.50 16 15.93 31.93 NA NA NA MWC MLL 24.50 12.33 36.83 27.83 29.24 57.07 18.75 29.38 48.13 NA NA NA Tech M 18.70 20.81 39.51 39.28 41.62 80.90 38.79 44.69 83.48 NA NA NA Susten 15.86 49.63 65.49 18.83 35.16 53.99 19.34 21.47 40.81 NA NA NA MFCSL 25 0 25 11.74 18.50 30.24 12.26 27.78 40.04 NA NA NA

NA - Not Applicable

Sector Fixed Term Contract Third Party Contract Others Avg Training Hours Avg Training Hours Avg Training Hours Male Female Total Male Female Total Male Female Total MSSSPL 0 0 0 12.38 0 12.38 269.36 0 269.36 FSS NA NA NA NA NA NA NA NA NA MIL NA NA NA 2.57 2 4.57 13.12 36.50 49.62 MLDL NA NA NA NA NA NA NA NA NA MWC MLL 27.86 23.15 51.01 NA NA NA 4.80 17.67 22.47 Tech M NA NA NA NA NA NA NA NA NA Susten 18.56 21.73 40.29 8.23 3.80 12.03 NA NA NA MFCSL NA NA NA NA NA NA NA NA NA

NA - Not Applicable

PARENTAL LEAVE - RETURN TO WORK AND RETENTION RATES AFTER PARENTAL LEAVE BY GENDER Sector Employees Employees Employees Employees Return to Retenon Entled to on Parental Returned Aer Returned Aer Work Rate Rate Parental Leave Leave Parental Leave Parental Leave and (%) (%) Sll Employed Aer 12 Months Male Female Male Female Male Female Male Female 2019/20 Male Female FSS 31,370 1,312 1,171 105 1,171 102 517 54 99 44 53 MIL 278 20 16 0 16 0 16 0 100 100 0 MLL 4,756 323 261 20 234 17 27 3 89 10 15 Susten 483 83 19 3 19 2 19 3 95 100 100 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 163

PRODUCT

STEWARDSHIP GRI 103-2, 103-3

The pandemic challenged us, and we reinvented ventilators in record time and price. Every time the society has needed, we have delivered with a new product, and sometimes an industry. Started in 1945, we have come a long way. Our journey commenced with a steel trading business in India and steadily over time, we have turned it into a global brand, spanning 11 sectors, 22 industries, 100+ countries and 150+ companies. At the core of this, Rise is a simple philosophy - where others see problems, we see possibilities, and armed with innovation, we turn these possibilities into products that drive a positive change in the lives of our stakeholders and communities across the world, to enable them to Rise.

11 SECTORS 22 INDUSTRIES 100+ COUNTRIES 150+ COMPANIES

MANAGEMENT APPROACH

While delivering the right product at the right cost through an efficient channel, we are evolving into a brand which provides a soluon, delivers an experience and has a purpose. Being a federaon of many companies, we empower individual companies and employees with entrepreneurial independence and synergy to create such products in various sectors. When developing such products, we follow our 'alternavism' approach which ensures unconvenonal and alternave thinking, leading to products which are sustainable, viable, accessible, affordable and responsible. Our product responsibility covers the enre life cycle - from the raw materials used, product development, and producon, to their use and subsequent recycling. The key guiding principle of our approach is to minimise the impact on health and environment, while maximising the safety, economic and social impact. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 164 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

NEW DEVELOPMENTS

At Mahindra & Mahindra Ltd., we constantly push the boundaries of possibilies to create products and services, that enable our customers and stakeholders to Rise. By focussing on customer centricity, delivering accessible technology, and enhancing people capabilies, we connue to drive growth in the domesc market while pursuing global expansion. Some of the key new products from our subsidiaries include:

Building the 'Factory of the Future' Mahindra’s Racing producon output is not comparable to the scale of other Mahindra Group subsidiaries since the racing car used in the Formula E Championship is predominantly the same for all teams – including the chassis, main baery and tyres. The key excepon is the powertrain and its components. It can be developed to each team’s own design or is purchased from a Manufacturer team.

Mahindra Racing UK Limited, based in Banbury, Oxfordshire, has been designing, assembling and developing powertrains each year/season and is therefore considered a Manufacturer. It manufacturers components such as the electrical motor, inverter, gearbox, driveshafts and the structural casing for the powertrain, The manufacturing ecosystem is going through a transformaon. To including suspension. help organisaons thrive in this new ecosystem, Tech Mahindra's Factory of the Future (FoF) soluon empowers organisaons to adopt these technologies and overcome the tradional problem of visibility across the plant and enterprise. FoF, at its core, is about automaon and robocs, quality throughput, higher ulisaon, flexible manufacturing lines, reduced me-to- Live, Smile and Prosper with market, and higher visibility across other enterprise applicaons like Mahindra Happinest MES, SCM and ERP.

Tech Mahindra is focussing on areas such as internet of things (IoT), cloud and cognitive computing as the core enablers.

Mahindra Racing UK: Charging Ahead for a Higher Purpose

To cater to the evolving, young, unstoppable Indians who aspire for a bigger and beer life for themselves, Mahindra Happinest offers spectacular homes within an aracve budget to ensure that the size of dreams, aspiraons and ambions are not constrained by the size of their wallet. Mahindra Happinest is a joint plaorm between Mahindra Lifespace Developers Limited (MLDL) and HDFC Capital Affordable Real Estate Fund-1 (HDFC Capital).

Happinest Kalyan, which was launched in a Formula E is more than just a race on the track, it's also a proving record time of 8 days from the date of the ground and plaorm with a higher purpose - to test new technologies, land acquisition received over 500+ drive development to the producon line and put more electric cars applications within a week of its launch. on the road. The racing team has a race-to-road programme to specifically focus on developing technology for Mahindra's road-going electric vehicles based on learnings from racing. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 165

K2 Helps HR Team Do More | Taking Excellence to the Next Level | Goodbye, Workplace Blues Tech Mahindra's Google Cloud CoE

Tech Mahindra announced the launch of a Google Cloud Centre of Excellence (CoE) in Hyderabad to provide enterprises with access to technology and services required for cloud migraon, help develop arficial intelligence and move crical workload to the Google Cloud. Addionally, the CoE will also provide data analycs soluons and aim to enhance workplace collaboraon and producvity. As part of the TechMNxt charter, Tech Mahindra has developed several soluons on next generaon technologies such as AI, Machine Learning (ML), Analycs and Augmented Reality on the Google Cloud.

Tech Mahindra is working with companies The Human Resources team at Tech Mahindra can now focus on for easy adoption of these technologies. more strategic maers instead of simply managing transacons, Ÿ Developing SAP Cloud platform-based implemenng policies and developing programmes. applications for a U.S. based multinational K2, a humanoid, was introduced to support HR teams. Developed by Tech Mahindra's internal lab, K2 is armed with empathy to add value Ÿ Digital transformation and rationalisation of to the HR funcon and enhance employee experience. the technology stack for an Australian bank Ÿ Engaged as a technology modernisation partner to digitise the operational K2 uses state-of-the-art Articial Intelligence landscape for a U.K based logistics (AI) technology to address general and company specic HR-related employee queries as well as handle personal requests for providing pay slips, tax forms, etc.

Becoming Central to Pune | Mahindra Lifespaces 'TEQO' - Asset Optimisation Solution for Global Renewables Industry

Mahindra Lifespaces' mid-segment residenal project 'Centralis' Mahindra Partners, a private equity division of the Mahindra Group, received a remarkable response in the early launch phase, strengthening launched the technology driven asset care company, TEQO, that the Company's presence in Pune. The project is strategically located offers opmisaon soluons for renewable energy customers in in the heart of Pimpri, spans 4.5 acres and comprises more than 400 India and globally. TEQO enables renewable energy asset owners to 1BHK and 2 BHK apartments across four towers. maximise their returns by leveraging advanced technologies, The project, which is the company's fih residenal project in Pune, including Machine Learning, Arficial Intelligence, IoT, Big Data, is registered with Maharashtra Real Estate Regulatory Authority Robocs, Augmented Reality and Natural Language Processing. (MahaRERA).

The name TEQO is derived from three words, Technology, Quality and Operations and Centralis is a GRIHA (Green Rating for reects the Company's aspiration to deliver Integrated Habitat Assessment) pre-certied a comprehensive, technology-enabled, asset 4-Star project and offers benets of relatively management solution. lower maintenance costs to the owners. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 166 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Sajhedari - A Partnership to Provide Quasar - A Blockchain Solution for Rural Empowerment Digital Payments

Tech Mahindra announced a collaboraon with Netherlands-based innovave Blockchain technology applicaon incubator, Quantoz to introduce Blockchain-based soluons called Quasar. Mahindra Insurance Brokers Ltd. (MIBL) launched Sajhedari, a unique partnership programme designed to idenfy, train and develop a team Mahindra will offer Blockchain-as-a-Service for secure digital of cerfied Point of Sales Persons (PoSPs) for insurance distribuon payments through Quasar which will enable integraon of fiat through a combinaon of physical and digital (phygital) modes. currency like US Dollar or Euro, and legacy systems. Through this programme, MIBL aims to empower people in rural markets by providing them with an alternate means of livelihood and increase insurance awareness and penetraon in the country. Quasar will enable instant, irreversible digital cash payments among enterprises, people, and devices in the Internet of Things, 'Sajhedari' aims to train over 100,000 people compliant with regulations. As a result, as certied PoSPs across India by 2023 to sell devices connected via the internet will be insurance using end-to-end digital processes. able to autonomously handle payments.

ENVIRONMENTAL IMPACTS Mahindra Increasing consumpon has led to an increase in producon, and Electric and Lithium related environmental impacts. All group companies at Mahindra believe in increasing economic growth by using natural resources past 100 million and ecosystems in a more effecve way with the aim of maintaining e-kilometres milestone products, components and materials at their highest ulity and value at all mes. Mahindra Electric and Lithium Urban Technologies celebrated the significant milestone of 1,000 Mahindra electric vehicles Making our manufacturing and distribuon more eco-efficient, using clocking 100 million e-kilometres (ekms). less water and less energy in operaons, more efficient use of materials with the three Rs (reduce-recycle-reuse), are some of the sustainable ways in which we reduce our costs as well as Lithium Urban Technologies, India's largest zero emission service for environmental impacts. Reduced acquision of resources is also a employee transportaon, had partnered with Mahindra Electric in driver of innovaon for sustainable use of materials, components 2015 to transform employee transportaon and increase the and products, as well as new business models. adopon of electric mobility in the country.

Starting off with a small eet of 10 Mahindra e2Os, the company gradually increased the number to 1,000 Mahindra EVs. Together the companies have aided in 20,000+

MT of CO2 abatement and saved 8,500,000+ litres of fuel. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 167

Cultivating the Crop and the Energy Together | The Agro Photovoltaic Model

Solar energy is one of the cleanest and most abundant sources of renewable energy available, but it needs huge amounts of space. Mahindra Susten solves space problems. Our Agro Photovoltaic Model allows the land to be simultaneously used for agricultural acvies. Our pilot agro photovoltaic project at Tandur, Telangana, in collaboraon with Kancor Mane, an Indo-French spice producing company uses solar PV panels which are mounted sufficiently high to allow the crops planted below to receive almost as much sunshine as they would if the panels were not there, and to permit farm machinery to operate beneath them. Adding to solar projects offers numerous benefits besides reducing carbon emissions and expanding renewable energy.

With more land being devoted to solar energy production, the idea of co-location seems to make both ecological and economic sense.

SOCIAL IMPACTS

While economic and environmental impacts can be defined and measured, the social impacts are difficult to define, and even more difficult to track. Nevertheless, a sustainable business should consider the social impacts of its business operaons. At Mahindra & Mahindra Ltd., we are focussed on a holisc growth that encompasses the local communies, supply chain and employees, empowering all community stakeholders to Rise. Our various businesses, products and services not only aim to enable the economy, but also empower the society.

Bringing AI to Life (Insurance)

In the insurance industry, data is the backbone of innovaon. Data companies understand customers beer in terms of their needs and preferences, and offer personalised products and services, in addion to improving business process efficiency.

Tech Mahindra has collaborated with an Israel-based InsurTech firm, Adot, to deliver innovave, cung-edge soluons to the global insurance industry in Big Data and Analycs.

This partnership will provide a plaorm to the companies to predict customer behaviour, The solution will also benet policy holders by offering lapse paerns and improve their cross-sell as them more appropriate policies that have better coverage. well as upsell capabilies. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 168 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Driving the Future of Mobility

Mahindra Group has partnered with a variety of enterprises to offer EV mobility solutions.

Tech Mahindra has partnered With its Go-Green Mahindra Electric Driven by the mission to realise the future of with Mahindra Logiscs (MLL) iniave, MLL aims to crossed the mobility, Mahindra is moving from to deploy Mahindra E-Verito take the tally to 300 EVs, 10,000 units sales manufacturing electric vehicles to helping vehicles at the Tech Mahindra as part of its People milestone in F19 create an enre EV ecosystem for accelerang campus in Hyderabad as part of Transportaon Soluons the large scale adopon of electric vehicles on its employee transportaon fleet business unit by 2020 shared mobility plaorms, and meet the naon's vision for a smooth, connected and emission-free future.

Smart Cities for a Cleaner Future

Tech Mahindra has joined hands with leading Tech Mahindra is perfectly equipped to provide global digital transformaon provider, Qualcomm with the plaorm for bringing Smart Cies Qualcomm Technologies, Inc. to accelerate to life. Our extensive set of applicaons include the transion of the current urban landscape Smart parking into the 'smart cies' of the future. This partnership for the 'Smart City Accelerator Programme' will devise a connected Smart energy management ecosystem of services for cies, local governments, enterprises and industries. Smart street lighting Tech Mahindra will enrich smart cies with infrastructure requirements such as: Smart automated measuring and reducing energy usage meter reading across buildings, enhancing the cizen experience via smart mobility applicaons, and prevenng vandalism and the.

COVID-19

The commitment of an organisaon towards the community is not merely reflected by how well they support during normal condions, but also by its demeanour during difficult mes. Mahindra Group has grown in the last 75 years because it has consistently enabled the community to Rise, especially in challenging mes.

GRI 413-1 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 169

Our approach was no different during the COVID-19 pandemic. Many iniaves were taken to support communies across India in the fight against the coronavirus outbreak.

Re-aligned frugal engineering capabilies to prepare a prototype Collaborated to create computaonal drug discovery models to of low-cost venlators, in just 5 days help find a cure for COVID-19

Started producon of aerosol aspiraon box in India Developed and deployed a block chain based ePass soluon for State Governments to streamline validaon and mobility of essenal services Produced and supplied 34,000 litres of disinfectants and sanisers by quickly repurposing exisng producon facilies Helped develop Integrated Digital Health Plaorm to provide remote access to healthcare Produced and delivered 250,000 face shields and 350,000 facemasks to frontline medical staff, police, Brihanmumbai Municipal Corporaon, and community members Supported Ayushman Bharat with service centre capabilies to manage queries from cizens

Free emergency cab services (Alyte) launched in nine cies for doctors, nurses, single mothers, differently abled individuals and Offered a variety of innovave, new finance schemes that deliver senior cizens. 5,000+ registraons received in under 20 days. financial flexibility to purchase vehicles 1,000+ customers served

Employee voluntary contribuon of INR 2 crore towards Provided meals/raon packets to 210,000+ people. Since 30th Mahindra Foundaon COVID-19 Relief Fund March, 9,000+ beneficiaries have received daily nourishment across 12 locaons Crowdsourced and donated funds to drivers impacted by the lockdown under HOPE (Helping Our People during Emergencies relief fund)

50 of our resorts across India have been made available as temporary care facilities to the government.

Making Cities Smart Through Technology

To accelerate the Prime Minister's Smart Cies Mission, Tech Mahindra is all set to power the Pimpri Chinchwad Smart City project near Pune.

Tech Mahindra will engage with more than 15 lakh cizens of the Pimpri Chinchwad Municipal Corporaon (PCMC), by enabling a technology-led transformaon to convert it into a smart and sustainable city. This project will be executed over a period of one year.

Tech Mahindra will provide ICT infrastructure that will take care of the city's telecom network, smart water and sewage management, smart trafc and parking, CCTV surveillance, etc. Tech Mahindra will also enable real-time data management to support the city's efcient administration.

GRI 413-1 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 170 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

MARKETING & COMMUNICATIONS

We believe that the role of markeng communicaons in product performance is mulfaceted. It not only sets the expectaons for the customer, but also acts as a differenator. Along with making the customer aware of our offerings, it also gives product related informaon as well as an instrucon manual if required. Overall, it first excites the customer to experience the product, and then make its usage an experience in itself. The feedback from the customers helps us in designing beer soluons. Designed with the end consumers in mind, our offerings from different businesses consistently communicate with transparency and accountability, in a fair and mely manner.

We use tradional, as well as social media, to reach the maximum audience to communicate the advantages and impacts of our products and services. This includes our extensive television and print media campaigns that adhere to the code of conduct defined by the Adversing Standards Council of India.

Our communication is always in full compliance with all the statutory laws and standards related to marketing communication, advertising, promotion and sponsorship.

Smartphones Play Concierge Tech Mahindra Recognised for Automotive Engineering Excellence

Tech Mahindra recognised for automove engineering excellence

App-specific funconality, great user experience and speed play a key part in accelerang the use of a travel app over a mobile web portal. Club Mahindra has launched an intuive mobile app that can serve as a one-stop soluon for all travel needs. Tech Mahindra has been recognised as a 'Leader' in Automove Through the resourceful gallery, one can browse the properes that Engineering Services by the PEAK Matrix Assessment for 2019. Club Mahindra has to offer and access all relevant informaon before Conducted by the Everest Group, this report classifies service planning the inerary. providers into Leaders, Majors, Contenders and Aspirants. By connecng with customers at every step This report is a valuable resource for IT service buyers to evaluate, of their journey, it also simplifies the compare and contrast key service providers at a global level. It offers booking procedure with a waitlist facility a selecon guidance and nuanced insights into the providers' and real-me confirmaons on the app. strategies for key business lines, geographies and technologies.

Travellers can now Tech Mahindra was positioned as a 'Leader', request customised based on top quartile performance across services in advance and markets, expertise and investments in avail pre-check through technologies of the future and for providing industry specic solutions. the Club Mahindra app. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 171

Susten-able Growth

Mahindra Susten emerged as India's Most Preferred Brand in Solar Energy in a recent study conducted by Informa Markets. The study was conducted by interviewing several Independent Power Producers (IPPs) across India. Among its peers in the industry, clients Mahindra Susten is one of the largest trusted Mahindra Susten to deliver on the promises of adhering to EPC (Engineering, Procurement and melines without a compromise on quality. Construction) companies in India, with over This is a testament to Mahindra Susten's commitment to client 3.9 gigawatts portfolio of projects under sasfacon. All processes and teams at Mahindra Susten are aligned various stages of execution. to the company's vision of being the most admired brand in the renewable energy space.

CUSTOMER SATISFACTION

All the group companies at Mahindra believe that customer sasfacon is ensured by producing high quality products consistently. It cannot be accomplished if quality, even though it is high, is stac. Sasfacon implies connual improvement.

Continual improvement is a sure shot way to keep customers satised and loyal. Researches conrm a signicant correlation between satisfaction and repeated buying, greater brand loyalty and spreading a positive opinion of the product. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 172 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Blockchain Tech to Power Indian Start-ups

To accelerate start-up growth and contribute to the growth of the overall industry, Tech Mahindra announced the launch of T-Block Accelerator, the inaugural accelerator programme for the Telangana Blockchain District in partnership with the Government of Telangana and IBC Media, an innovaon management company. Our partnership with the state government for the Telangana Blockchain District stems from our desire to build a world-class support infrastructure for blockchain start-ups and make Hyderabad a desnaon of choice among several new-age entrepreneurs and blockchain evangelists. The launch of T-Block is a step-in connuaon of Telangana Government's endeavour to make Telangana as the 'Blockchain Capital of the World'. A Memorandum of Understanding (MoU) had been signed between the Government of Telangana and Tech Mahindra to this effect in 2018.

Driving the Electric Revolution

Mahindra Electric is spearheading the change toward smart and sustainable mobility in the country. Rapid urbanisaon, sustainability and the growth of the shared economy have led to an increase in demand for sustainable mobility soluons. Mahindra Electric has been at the forefront of this revoluon.

We have taken several iniaves Arrayed 50 of its Electric Vehicles to build an electric ecosystem, (EVs), with global on-demand including: ride-sharing company, Uber, in Hyderabad Launched Treo and Treo Yaari in Karnataka taking the Mahindra Mahindra Group announced an Electric product range to 17 INR 1,000 crore-investment plan states across the country over a period of three years to enhance manufacturing capacity Partnered with EV fleet operator of EVs to 75,000 units annually SmartE which will deploy a total from 15,000 units, besides of 10,000 Mahindra Electric strengthening its R&D 3-wheelers across India by 2020 Shell Lubricants, one of Joined hands with Blu Smart, Mahindra's partners for driving Three Wheels United and the electric revoluon forward, Zoomcar to offer a wide range of also recently launched a new vehicles that span personal and range of fluids specifically commercial segments designed to work in EV baeries MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 173

Boosting Cybersecurity

CYBER Tech Mahindra has entered a strategic partnership with SECURITY SSH.com, a cybersecurity expert to deploy innovative solutions and protect enterprise businesses from unforeseen security breaches.

The industry-leading soluons by SSH.com The SSH.com protocol, also known as Secure Shell, refers to a (UKM and PrivX) are a natural fit to Tech cryptographic network protocol and is a method for securing remote Mahindra's cybersecurity offerings that login from one computer to another. It is being widely used by data answer today's security issues, especially centres and large enterprises to mitigate security risks that could across large enterprises for their privileged hamper growth as part of their digital transformation journey. access management needs.

Mining AI for Customer Delight

Tech Mahindra announced its partnership with Celonis, a New York and Munich based organisaon, that builds process mining soware. This partnership will help in the digital transformaon of the companies' customers globally. Through this alliance, a first-of-its kind Arficial Intelligence soluon for Business Process Services will be made available to customers, globally. This new venture will leverage Celonis' process mining technology. A key advantage of this partnership is Celonis' Intelligent Business Cloud that takes quick stock of customer processes, while connuously monitoring for improvement.

Key verticals such as Communication, Media & Entertainment, Healthcare, Retail, Financial Services, Insurance, Travel, etc., will be focussed on via this joint go-to-market partnership.

Mahindra Gets Volkswagen Rolling

Mahindra Logiscs Ltd (MLL) has been at the centre of enabling enterprises to adjust to the rapidly changing dynamics of the market. Banking on the experse, Volkswagen Group India has partnered with MLL to manage more than 200,000 sq. . of warehousing space and Parts Distribuon Centre (PDC) operaons at the company's NCR and Bengaluru facilies. These state-of-the-art warehouses equipped with customised storage, advanced Material Handling Equipment (MHE) and specialised packaging soluons will send spare parts to the Volkswagen Group, India dealer partners in North, East and Southern regions of the country. Mahindra Logiscs Ltd. currently services the inbound and outbound transportaon of spare parts for the Volkswagen Group from their Regional Distribuon Centre (RDC) in Chakan, Pune.

With warehousing and transportation operations spanning 15 million sq. ft. and 75,000 vehicle placements per month, MLL continues to operate with multiple industries including e-commerce, consumer, pharma, people transport solutions, in addition to auto and engineering. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 174 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

ECONOMIC PERFORMANCE

Mahindra is a federaon of companies with many core businesses, and each of our company is a flagship in its own sector. The companies are independent to opmise what they need for their business, but at the same me they connue to work with a shared vision of the Group. They gain from the business synergies of being part of a large group and are able to create more value for stakeholders. The more value we generate, the more we can distribute. All our Group Companies work with the 'Alternavism' approach to ensure overall prosperity that spreads across the triple boom line of profit, planet and people.

HIGHLIGHTS

Tech Mahindra recognised as a Leader in the Dow Highest ever vehicles and tractors financed in a Jones Sustainability Indices 2018 single year by M&M Financial Services - over 7.5 lac

Reviving a meless classic with the relaunch of JAWA by Classic Legends Mahindra Accelo sets up India's first organised, automated, polluon-free vehicle scrapping and recycling facility. Becomes India's first authorised Chartering new seas recycler for motor vehicles with the launch of Sea Hawk range of marine engines from Powerol

Starng Makers Lab in US and Germany, and opening an R&D Centre in Istanbul by Tech Mahindra

Two new patents granted to Mahindra Susten in Mahindra Rural Housing Finance ranked in the Top India and US 50 in Great Places to Work (BFSI)

Global presence with global revenue accounting for 49% of the group turnover. GRI 201-1 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 175

THE YEAR UNDER REVIEW

We believe in One Mahindra - delivering as a Group.

Tech Mahindra Mahindra and Mahindra Financial Services

Ÿ F20 revenue up by 6.1% Ÿ Highest ever quarterly net profit of INR 588 crore Ÿ 40% contribuon of digital in total revenue Ÿ Highest ever consolidated annual net profit of INR 1,827 crore Ÿ Driving digital transformaon in 90+ countries Ÿ AUM crossed INR 67,000 crore Ÿ $3.7 billion Net New Deal wins ($1.7 billion in F19) Ÿ Strong performance by subsidiaries in Insurance & Rural Housing Finance businesses Among the top 3 Indian companies on Dow Jones Sustainability Index (DJSI) World Ranking 2019

Mahindra Accelo Ÿ Recognised as Global Leader on Climate Change for Four Years in a Row. One of the only four Indian Ÿ Crossed INR 1,950 crore in revenue companies to secure a posion in the Climate Ÿ Disclosure Project (CDP) Global Supplier A List in 2019 In Top 3 worldwide for electrical steel processing for engaging with its suppliers on climate change Ÿ India's largest steel processing network for auto Ÿ Teamed up with Honeywell to build 'Factories of & electrical steel the Future', leveraging industry-leading digital technologies Ÿ Amongst the only three Indian companies to be included in the Bloomberg 2020 Gender-Equality Index (GEI) Ÿ Extended collaboraon with Keysight, a leading technology company to support mobile operators achieve their goals of successfully deploying new 5G devices

Ÿ Ranked 6th in Great Place to Work (Mid-size Workplaces)

Mahindra Electric

Ÿ Unveiled a new corporate brand identy

Ÿ Partnered Mahindra Logiscs to Introduce Electric Vehicles for Employee Transportaon

GRI 201-1 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 176 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Mahindra Rural Housing Finance Mahindra Susten

Ÿ Crossed turnover of INR 2,600 crore Ÿ Internaonal foray into Saudi Arabia and Bangladesh

Ÿ Net worth crossed INR 1,000 crore Ÿ PAT crossed INR 250 crore (44% growth) Ÿ NPA % at March 2017 level

Mahindra Agri Business

Mahindra Powerol Ÿ Showcased 6 new seed potato variees viz. Colomba, Memphis, Taurus, Sagia, Ivory Russet Ÿ Highest ever revenue and Innovator, to help farmers get beer yield, Ÿ Launched gas genset range market prices and quality aributes Ÿ Breakthrough in internaonal telecom market - Vietnam, Africa, Myanmar

FINANCIAL PERFORMANCE

Name of Subsidiary Gross Turnover Profit / (Loss) before Tax

Tech Mahindra ,,. ,. Mahindra & Mahindra Financial Services Limited ,. ,. Mahindra Logiscs Limited ,. . Mahindra Susten Private Limited ,. . Mahindra Rural Housing Finance Limited ,. ,. Mahindra Intertrade Limited ,. . Mahindra Holidays & Resorts India Limited ,. ,. Mahindra Heavy Engines Limited ,. . Mahindra Lifespace Developers Limited ,. (,.) Mahindra Insurance Brokers Limited ,. . Mahindra First Choice Services Ltd. ,. . Mahindra Vehicle Manufacturing Limited ,. (,.) Mahindra Agri Soluons Limited ,. (.) Mahindra EPC Irrigaon Limited ,. . Mahindra Electric Mobility Limited ,. (.) Mahindra Racing UK Limited ,. (.)

GRI 201-1 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 177

Financial Assistance Received from the Government In INR million

Investment grants, research Financial Other financial and development assistance from benefits received Any Tax grants, and other Royalty Export Credit or receivable from relief/ relevant types holidays, Agencies Financial any government Company credits Subsidies of grants Awards if any? (ECAs) if any? incenves for any operaon Total

Mahindra - - . . Susten

MFCWL ------ MLDL ------ MHRIL - - . - - - - - .

LOCAL SUPPLY

Local supply has economic, social, and environmental benefits. It reduces the supply chain costs, and expedites the turnaround mes, leading to beer control of supplies. It alleviates environmental concerns by reducing distances, carbon footprint and spur socio-economic growth in the region ensuring social license to operate. So, as we go more global, our commitment to buy local increases further. It reinforces our commitment to Make in India. Although as a corporate cizen of India, our scope of local sourcing covers the enre country, all Group Companies have their own definion and boundary of what constutes as local. This hinges on many factors, such as

The nature Tax and Duty Supply of Skilled Access to Technology Industry of operation Regimes Manpower and Know-how Requirements

All companies encourage local purchase, without compromising on quality, performance and certain environmental aspects. An analysis of the top 10 suppliers as per monetary value for each business shows that on an aggregate basis, 100% of our requirement was sourced locally.

Purchases Purchases from Total from Top 10 Local Suppliers Percentage Purchases Suppliers (within Top 10) of Local Suppliers (INR million) (INR million) (INR million) (within Top 10)

MMFSL ,. ,. ,. % MIBL . . . % MRHFL . . . % MLDL . . . % Mahindra ,. . . % Susten MIL ,. ,. ,. .% MLL ,. ,. ,. %

Tech Mahindra is the winner of the Microsoft Sustainability Supplier Excellence award 2019.

GRI 102-9, 201-1 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 178 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

ENVIRONMENTAL PERFORMANCE

OVER VIEW

All Mahindra Group Companies are commied to drive their business operaons in harmony with the environment.

Consistent with the Mahindra Group's environment management approach, we place a high 12 Mahindra Group Companies emphasis on resource conservaon, rejuvenaon, waste management and use of sustainable have now approved SBTi technology. Our people, policies and processes are shaped to preserve precious natural resources and extends to our supply chain to amplify the effect of our efforts.

Key Highlights

Mahindra Electric became the 2nd company in the MWC Jaipur is the first project in Asia and world's world with approved SBTi targets and 1st largest project to be C40 Stage 2 cerfied automobile company in India with approved targets

Mahindra Holidays & Resorts India Ltd. (MHRIL) commits to EP100 Cooling Challenge

Tech Mahindra (Tech M) has been recognised as a global leader for the fourth year in a row and was a part of the Climate Disclosure Project (CDP) Global Supplier A List in 2019, making them one of only four Indian companies to secure such a posion in the list Tech M has partnered with Mahindra Logiscs (MLL) to deploy Mahindra E-Verito vehicles at the Tech M campus in Hyderabad as part of its employee transportaon fleet MHRIL was awarded the Cerficate of Merit - Challengers Category by Frost & Sullivan and The Energy and Resources Instute (TERI) at the 10th edion of 'Sustainability 4.0 Awards' for Mahindra Partners launched 'Mahindra TEQO' - demonstrang effecve deployment of Sustainable Asset Opmisaon Soluon for global renewables Development pracces within the organisaon industry as an expansion of the company's alternate energy porolio, and will enable renewable energy asset owners to maximise their Mahindra Lifespace's ORIGINS returns by leveraging advanced technologies, Chennai became the 1st IGBC including Machine Learning, Arficial Intelligence Planum Green 'Industrial Cluster' (AI), IoT, Big Data, Robocs, Augmented Reality in Tamil Nadu and Natural Language Processing MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 179

INVESTMENT IN ENVIRONMENTAL MANAGEMENT

We leverage and invest in technology to nurture the environment. Collecvely INR 43 million was spent towards environment protecon.

Environmental Investment Amount (INR million)

13 16 Waste disposal/ Polluon treatment control

9 2 STP/ETP Water quality & maintenance noise monitoring

1 2 Air emission External cerficaon of monitoring management systems

Total Environmental Expenditure INR 43 million

Calculating Specific Consumption

We measure our environmental performance on absolute as well as specific basis. The specific consumpon is calculated by dividing absolute consumpon by a denominator based on the nature of business. For e.g., in case of manufacturing business units, it is the number of units produced, whereas for services, it is the number of employees, or units of services offered etc. The denominators for the Group Companies are delineated in the following table:

Business Unit of Measure Denominator

2017-18 2018-19 2019-20

MSSSPL Ton of producon , , , MIL Ton of producon , , , MVML Equivalent number of vehicles manufactured , , , MEML Equivalent number of vehicles manufactured , , , Susten Power generated in MWh , ,, ,, MWC Acre of area developed and maintained , , , MLDL Built-up area in sq. . , , ,, MLL Full-me equivalent employees , , , MHRIL Room nights booked , , , FSS Full-me equivalent employees , , , MFCSL Area in sq. metres , , ,* Tech M Full-me equivalent employees , , , MEIL Ton of producon , , , MHEL No. of engines produced , , ,

*There has been significant change in business operaons which has resulted in shung down of mulple MFCSL facilies. DNA - Data Not Available FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons from 2019-20 onwards. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 180 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

AIR QUALITY

Air quality is a key contributor to the quality of life. Our Group Companies monitor pollutants like Parculate Maer (PM10, We proactively adhere to all the statutory norms and regulations PM2.5), Sulphur Oxides and Nitrogen Oxides in line with the Naonal Ambient Air Quality in the state or the country, we have presence in Standards (NAAQS 2009).

GHG EMISSIONS

Greenhouse gas emissions results in global warming, with potenally harmful effects on the ecosystems, biodiversity, human livelihoods and business operaons. In line with the Intended Naonally Determined Contribuons (INDCs), all our companies are acvely contribung to reduce emissions.

Key Highlights

Tech M achieved reducon of Scope 1 + 2 emissions by 11.5% from last year. Reducon of

more than 19,000+ MT CO2 GHG emissions was achieved by use of renewable energy. Tech M also scored an A- in Climate Change of CDP Scores Carbon Neutral by 2040

All Group Companies will contribute to make Mahindra Group Carbon Neutral by 2040, with a clear focus on energy efficiency and usage of renewable power to achieve the target. Residual MEML employees commute emissions will be addressed through carbon sinks. through electric vehicles from office to their doorstep. 15 electric vehicles are in operaon Anand Mahindra joined the governing board of the United Nations since July 2019 and have Global Compact (UNGC). Anirban Ghosh, Chief Sustainability Ofcer, completed more than 21,000 km Mahindra Group, joined the governing board of UNGC - India.

Arranged a fleet of 50 cycles at the bicycle sharing services at Science Based Targets (SBT) MWC Jaipur for employees and visitors We are guided by internaonal convenons on migang climate change, and our own conscience, as we move towards a green future. SBTi is one such iniave. Taking on emission and carbon footprint reducon targets as per the SBT framework is a tesmony of our connuing efforts to combat climate change.

In addition to Tech Mahindra and MSSSPL, another 11 Mahindra Group Companies have Approved SBTi Targets taking the total tally up to 13 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 181

M&M Ltd. Mahindra Lifespace Mahindra Electric

Mahindra & Mahindra Ltd. Mahindra Lifespace Developers Ltd. Mahindra Electric Mobility Limited commits to commits to reduce Scope 1 and commits to reduce absolute Scope 1 reduce Scope 1 and 2 GHG emissions 35% per Scope 2 GHG emissions 47% per and 2 GHG emissions 63% by 2033 vehicle produced by 2033 from a 2018 base year. equivalent product unit by 2033 from a 2018 base year. Mahindra Mahindra Electric Mobility Limited also commits to from a 2018 base year. Mahindra & Lifespace Developers Ltd. commits to reduce Scope 3 GHG emissions 30% per vehicle by Mahindra Ltd. also commits to reduce absolute Scope 3 GHG 2033 from a 2018 base year. reduce Scope 3 GHG emissions emissions 20% by 2033 from a 2018 30% per sold product unit by 2033 base year. from a 2018 base year.

Tech Mahindra Mahindra Holidays Mahindra First Choice

Tech Mahindra commits to reduce Mahindra Holidays and Resorts India Mahindra First Choice Services Limited commits to absolute Scopes 1 and 2 GHG Limited commits to reduce Scope 1 reduce absolute Scope 1 and 2 GHG emissions 47% emissions 22% by 2030 and 50% and 2 GHG emissions 88.3% per room by 2032 from a 2017 base year. Mahindra First by 2050, from a 2016 base-year. night booked by 2031 from a 2016 base Choice Services Limited commits to reduce absolute year. Mahindra Holidays and Resorts Scope 3 GHG emissions 20% by 2032 from a 2017 India Limited also commits to reduce base year. Scope 3 GHG emissions 88.3% per room night booked over the same me.

Bistlecone Swaraj Engines Ltd. Mahindra World City Jaipur

Supply chain consulng and Swaraj Engines Limited commits to Mahindra World City (Jaipur) Ltd. commits to reduce system integraon mulnaonal reduce Scope 1 and 2 GHG emissions absolute Scope 1 and Scope 2 GHG emissions 63% company, Bristlecone, commits to 70% per engine manufactured by 2033 by 2033 from a 2018 base year. Mahindra World City reduce absolute Scope 1 and 2 from a 2018 base year. Swaraj Engines (Jaipur) Ltd. also commits to reduce absolute Scope 3 GHG emissions 38% by 2032 from Limited also commits to reduce Scope GHG emissions 20% by 2033 from a 2018 base year. a 2017 base year. Bristlecone also 3 GHG emissions 30% per engine sold commits to reduce absolute Scope by 2033 from a 2018 base year. 3 GHG emissions 20% by 2032 from a 2017 base year. Mahindra World City Chennai

Mahindra World City Developers Ltd. commits to MSSSPL Mahindra Accelo reduce absolute Scope 1 and 2 GHG emissions 63% by 2031 from a 2016 base year (the target boundary includes biogenic emissions and removals Mahindra Sanyo Special Steel Mahindra Accelo (Mahindra Intertrade from bioenergy feedstocks). commits to reducing Scope 1 and 2 Limited) commits to reduce Scope 1 emissions per ton of steel and 2 GHG emissions 75% per ton of produced 35% by 2030, against a steel processed by 2033 from a 2018 2016 base-year. Mahindra Sanyo base year. Mahindra Accelo (Mahindra Gromax Agri Equipment Ltd. also commits to reducing Scope 3 Intertrade Limited) also commits to emissions per ton of steel reduce Scope 3 GHG emissions 44% Gromax Agri Equipment Ltd. commits to reduce produced by 35% by 2030 against per ton of steel processed by 2033 Scope 1 and 2 GHG emissions by 78% per tractor, by a 2016 base-year. from a 2018 base year. 2033 from a 2018 base year. Gromax Agri Equipment Ltd. also commits to reduce Scope 3 GHG emissions by 40% per tractor sold over the same target period. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 182 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Electric Vehicles Total Absolute GHG Emissions

EV100 is a global iniave bringing together 67,621 63,415 forward-looking companies commied to accelerang the transion to electric vehicles 49,322 (EVs) and making electric transport the new normal by 2030.

Scope 1

tCO2 Mahindra Electric signed the EV100. 2017-18 2018-19 2019-20

Mahindra Finance is also 336,963 333,941 focussed on nancing 299,381 more EVs.

Scope 2

tCO2

2017-18 2018-19 2019-20

Total Scope 1 & 2 emissions have reduced by 13% as compared to previous year.

GHG Emissions (Segmented by Source) tCO2 Step Up Declaration Scope 1 - Direct Emissions

Step Up Declaraon, a new alliance 2019-20 dedicated to harnessing the power of the fourth industrial revoluon to help reduce Charcoal greenhouse gas emissions across all Gel Fuel economic sectors and ensure a climate turning point by 2020. Diesel/HSD , LDO Petrol Tech Mahindra signed the Step-Up Declaration. FO , LPG , Natural Gas + CNG , Total ,

Scope 2 - Indirect Emissions Electricity Purchased , Electricity Purchased from Open Access

GRI 305-1, 305-2, 305-4, 305-5 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 183

GHG Emissions Business-wise Composition tCO2

2017-18 2018-19 2019-20 Business Scope 1 Scope 2 Scope 1 Scope 2 Scope 1 Scope 2 MSSSPL , , , , , , MIL , , , , MVML , , , , , , MEML MEIL DNA DNA , , Susten , , , MWC , , , MLDL , MLL MHRIL , , , , , , FSS , , , , , Tech M , , , , , , MHEL , , ,

MFCSL* NA , -

DNA - Data Not Available FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons from 2019-20 onwards. NA - Not Applicable *The drasc change is due to major reducon in operaonal facilies of MFCSL.

Total Specific Emissions tCO2 /unit of measure

Scope 1+2

2017-18 2018-19 2019-20

MSSSPL . . . MIL . . . MVML . . . MEML . . . MEIL . . . CO2 Susten . . . MWC . . . MLDL . . . MLL . . . MHRIL . . . FSS . . . Tech M . . . MHEL . . .

MFCSL* . . .

DNA - Data Not Available *The drasc change is due to major reducon in operaonal facilies of MFCSL. FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons from 2019-20 onwards.

GRI 305-1, 305-2, 305-4, 305-5 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 184 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

ENERGY

Increasing energy producvity and growing the renewable energy rao in the total mix are the two ways in which Mahindra Group companies are reducing their consumpon of energy, thereby reducing energy costs as well as GHG emissions. All the Group companies are taking steps to make their processes energy efficient with many iniaves designed to be in line with the Group commitments.

Key Highlights

MHRIL is now working on 3 fronts to ensure Tech M installed and adopted low-emission carbon neutrality with RE100 and EP100. Its equipment that includes LEDs and occupancy energy management iniaves include: sensors across campuses. Energy efficiency was also achieved through smart garbage soluons, green data centres, efficient HVAC (Heang, Venlaon and Air Condioning) containment & airflow reducon system and IEVCS (Intelligent Electric Vehicle Charging Systems) Ÿ IBMS pilot in Ashtamudi

Ÿ Solar power set up in Virajpet, Madikeri, Varca, Tech M collaborated with experts to amplify its EP, Hatgad, Udaipur energy management efforts. This includes sourcing renewable energy through PPA (Power Purchase Ÿ Outdoor solar lights installed at Pondy, DGO, Agreements), iniang Microgridas a Service in Hatgad, Tungi, Saj, Virajpet, Madikeri, Varca partnership with Power Ledger, joining AI4Acon - the first global AI challenge aimed at delivering Ÿ Heat pump installed in Munnar, Thekkady, soluons for climate change and Acumos - an Ashtamudi Old Block, Virajpet, Madikeri, Varca open source AI plaorm for environment Ÿ Usage of heat pump for laundry

Ÿ IoT energy management system installed at Varca, EP, Tungi, Hatgad, Virajpet, Madikeri, Udaipur

Ÿ Sub-zero controller installed for locking AC temperatures

Ÿ Inaugurated a 1 MWp solar rooop installaon; 16 lakh unit generaon; 1300 tons of

CO2 saving/year.

At MEML, 7% of the plant energy consumpon through renewable power

Mahindra Marine launched its first Solar-Electric Tech M generated 38.243 lakh units of Solar boat - most influenal companies have commied Power in Chennai, Pune, Hyderabad, Bengaluru, to 100% renewable power Vizag, Chandigarh, Noida and Bhubaneswar, and consumed another 173.41 lakh units of Solar Power in Electronic City Campus, which was generated by a 3rd party and drawn through state grid under open access MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 185

Snapshot of Energy Saving initiatives at subsidiaries GRI 302-1, 302-4

Descripon of Acvity/Project Annual Energy savings

Type Qty UOM

Highway lamp & assembly tube light conversion into LED Electricity , kWh

.Kw. compressor & litre Air Dryer installaon and portable compressor, Electricity , kWh leakage arresng in shops

Installaon of energy efficient transformer Electricity , kWh

mPower assembly AHU blower motor connected with VFD & Industry . Electricity , kWh

Power saving shop floor lights controlled through mer Electricity , kWh

Auto switch off hydraulic motor during idle condion Electricity , kWh

AC temperature seng at °C Electricity , kWh

Moon & presence sensor in offices Electricity , kWh

HVLS fan provided instead of air circulang fan Electricity , kWh

% loaded star and delta connected motors Electricity , kWh

PNG consumpon reducon through producvity improvement & shi opmisaon PNG , m

2,684,012 2,641,460 2,132,203

Total Energy Consumpon (Absolute) GJ

2017-18 2018-19 2019-20 The total energy consumpon has reduced by 19% as compared to previous year.

Total Energy Consumption (Business-wise) GJ

Energy 2017-18 2018-19 2019-20

MSSSPL ,, ,, , MIL , , , MVML , , , MEML , , , MEIL , , , Susten , , , MWC , , , MLDL , , , MLL , , , MHRIL , , ,

FSS , , , DNA - Data Not Available Tech M , , , FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons MHEL , , , from 2019-20 onwards. *The drasc change is due to major MFCSL* , , reducon in operaonal facilies of MFCSL. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 186 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Total Energy Consumption by Source GJ

Source 2019-20

Charcoal + Gel Fuel , Diesel/HSD , FO , Natural Gas + CNG , Petrol , Electricity from renewable energy source , LDO , LPG , Electricity from Grid ,, Electricity purchased from open access - Electricity purchased from renewable source , Electricity purchased from RECs - Total ,,

Specific Energy Consumption GJ/unit of measure

Energy 2017-18 2018-19 2019-20

MSSSPL . . . MIL . . . MEML . . . MVML . . . MEIL . . . Susten . . . MWC . . . MLDL . . . MLL . . . MHRIL . . . FSS . . . Tech M . . .

MFCSL* . . . MHEL . . .

*The drasc change is due to major reducon in operaonal facilies of MFCSL. FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons from 2019-20 onwards.

GRI 302-1, 302-4 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 187

WATER

As a group, we became water posive as early as 2013-14 through our comprehensive 360° water management programme H2Infinity. By reducing our water consumpon and rejuvenang water sources, we are playing our part in addressing the global water crisis. Some of our ongoing efforts include rainwater harvesng, drip & micro irrigaon, three Rs, etc.

At MLDL, we deployed a portable Sewage Treatment Plant (STP) at Aura, Gurgaon site to treat 50,000-55,000 litres of water per day for construction use

Key Highlights

MHRIL Tech M Ÿ Rainwater harvesng in 20 resorts Ÿ Harvested 950 kilo litres of rainwater to recharge groundwater Ÿ Rainwater harvesng system will be implemented in 19 more resorts by 2024 Ÿ Treated 450,285 kl of grey water across Pune, Hyderabad, Bengaluru, Bhubaneswar, Chennai, Ÿ Six resorts are water posive - Kanha, Gir, Chandigarh, Nagpur, Noida and Vizag and used it Naukuchiatal, Madikeri and Virajpet for landscaping Ÿ STP water is ulised for irrigaon and flushing

Ÿ Real me monitoring of STP and ETP water quality on IoT based plaorm Mahindra Susten Ÿ Borewell/well/ponds for water security Ÿ Built two check dams as per water security plan

Ÿ Sensor taps and urinals, sensor with flush, dual Ÿ Used robot cleaning module in Charanka buon flush tanks and waterless urinals Ÿ Organised sustainability challenges on water conservaon

Ÿ Built two check dams as a water conservaon MEML measure in Rewa. Stored 50,000 kl water for Ÿ Enhanced rainwater harvesng capacity to 48 kl beer availability during March to June

GRI 303-1 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 188 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

Water Consumption (Business-wise) m3 Volume of Water Recycled and Reused Business 2017-18 2018-19 2019-20

MSSSPL , , , Business Volume of % of water water recycled and recycled and reused of total , , , 3 MIL reused (m ) water consumpon MVML , , , MEML , , , MEIL , % MEIL , , , MIL , % Susten , , , MEML , % MWC ,, ,, ,, MVML , % MLDL , , , MHRIL , % MLL MWC ,, % MHRIL , , , Tech M , % FSS , , , MHEL , % Tech M , ,, , MSSSPL , % MHEL , , ,

DNA - Data Not Available FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons from 2019-20 onwards.

46% of water was recycled & reused in 2019-20 by Mahindra Subsidiaries

Specific Water Consumption m3 per unit

Business 2017-18 2018-19 2019-20

MSSSPL . . . MIL . . . MVML . . . MEML . . . MEIL . . . Susten . . . MWC . . . MLDL . . . MLL . . . MHRIL . . . FSS . . . Tech M . . . MHEL . . .

DNA - Data Not Available FSS reporng boundary was expanded from 32 locaons ll 2018-19 to 1,322 locaons from 2019-20 onwards.

GRI 303-1 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 189

Water Withdrawal by Source

Total Water Withdrawal m3 4,829,823

Groundwater ,, .% Total Water Withdrawal reduced 17% from 5,830,826 m3 in 2018-19 to 4,829,823 m3 in 2019-20

Water from municipality ,, .% Surface water , .%

Water Rainwater , .% from tanker , .%

Wastewater from Boled water , .% another source , .%

Total (m) %

MATERIALS

Resources are always in short supply and have a cost aached to it. All the Group Companies invest their energies in selecng the opmum material, and then minimising the usage of materials for operaons and subsequent modificaon or transformaon into a finished good. The waste is also recycled to minimise the amount of material used.

MEIL MIL

Material Unit 2018-19 2019-20 Material Unit 2018-19 2019-20

Semi-manufactured Ton . , Semi-manufactured Ton , , Total . , Associated material Ton . Packaging material Ton , , MSSSPL Total Ton , ,

Material Unit 2018-19 2019-20 Packaging material Metre , Semi-manufactured KL . Semi-manufactured Ton , , Associated material KL Associated material , , Packaging material KL . Total , , Total KL Packaging material Nos. ,, ,, MWC

Material Unit 2018-19 2019-20 Tech M

Semi-manufactured Ton , , MATERIAL Unit 2018-19 2019-20 Raw material , Associated material Nos. , , Packaging material . Semi-manufactured Total , , Total , ,

GRI 303-1, 303-3 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 190 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

MLDL MHRIL Material Unit 2018-19 2019-20 Ÿ Zero waste to landfill programme implemented in our resorts to minimise the waste disposal to Semi-manufactured Ton , , landfill by maximum reulisaon and recycling Packaging material . and Virajpet was the first resort in the country Raw material , , to be cerfied as ZWL with 99.32 diversion Total , , Semi-manufactured Nos. , Raw material Total , Semi-manufactured KL Associated material Total

Semi-manufactured SQM , MTR , Ÿ Packaging material MTR , Installaon of natural waste composng bins Ÿ Extended purchaser's responsibility clause to be added for buy back by suppliers like LG TVs WASTE Ÿ Kitchen oil conversion to biofuel with the help Across the Group, waste management is approached in a holisc of a third party manner which includes prevenon, minimisaon, reuse, recycle and Ÿ responsible disposal of waste. In line with the Group philosophy, all E-waste and general waste disposal through eco the Group Companies are commied to minimise the amount of e-waste company for responsible disposal waste that enters landfills from operaons.

Virajpet location of MHRIL became the rst resort in India to be certied as Zero Waste to Landll (ZWL) Tech M Ÿ Reduced waste by 7.9%

Ÿ Recycled and reused 7% of food waste through composng Key Highlights Ÿ Reduced paper consumpon by 21%

Mahindra Susten Ÿ Disposed 54.969 tons of e-Waste from Ÿ Successfully recycled 2,675 kgs of unused paper Bengaluru, Noida, Pune, Kolkata, Hyderabad, with Green Logix and Gandhinagar to Polluon Control Board authorised agency Ÿ Held 'Say No To Plasc' campaigns across offices and Rewa site was made completely Plasc Free Ÿ Recycled wet waste at TMTC-Hyderabad, Hinjewadi-Pune, TMCC-Chennai and TMEC- Ÿ Collected 35 kgs of waste during Clean & Climb Bengaluru through vermicompost/organic waste Wellness Zero Waste Drive carried out for converter and generated 37.7 tons of manure Mumbai and Bengaluru offices

Ÿ Tie up with an eco e-market in the digital marketplace to trade waste as a commodity

GRI 306-2 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 191

MSSSPL MEIL

Hazardous Waste 2018-19 2019-20 Non-Hazardous Waste 2018-19 2019-20

Solid (MT) Solid (MT) Solid (Nos.) Liquid (kl) MVML Non-Hazardous Waste Hazardous Waste 2018-19 2019-20 Solid (MT) , , Solid (MT) , ,

MHRIL Solid (Nos.) , Liquid (kl) Hazardous Waste 2018-19 2019-20 Non-Hazardous Waste Solid (MT) Solid (MT) , , Solid (Nos.) Solid (Nos.) Liquid (MT) Liquid (kl) Tech M Non-Hazardous Waste Hazardous Waste 2018-19 2019-20 Solid (MT) , Solid (Nos.) , , Solid (MT) Liquid (kl) MIL Non-Hazardous Waste Hazardous Waste 2018-19 2019-20 Solid (MT)

Solid (MT) Liquid (kl) MHEL

Non-Hazardous waste Hazardous Waste 2018-19 2019-20 Solid (MT) , , Solid (Ton) Liquid (kl) MWC Non-Hazardous Waste Non-Hazardous Waste 2018-19 2019-20 Solid (Ton) , Solid (Ton) , ,

MLDL MEML Hazardous Waste 2018-19 2019-20 Hazardous Waste 2018-19 2019-20 Solid (MT) Solid (Nos.) , Solid (Nos.) Solid (MT) Non-Hazardous Waste Liquid (kl) Solid (MT) Non-Hazardous Waste Solid (MT) , , Solid (Nos.) Solid (kl) Liquid (kl)

GRI 306-2 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 192 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

GREEN SUPPLY CHAIN

A sustainable supply chain builds enduring business. Greening the supply chain is about integrating environmentally responsible choices in the supply chain. All the Group Companies proactively engage with suppliers and vendors to incorporate environment friendly practices and encourage them to adopt green initiatives.

BIODIVERSITY

Conserving the variety of life on earth is crical to human life. Factors such as habitat loss, degradaon, and various kinds of polluon are seriously threatening it. We are commied to work for the preservaon and restoraon of biodiversity and all Mahindra Group Companies worked towards it and have taken iniaves.

Biodiversity case study on Madikeri and Virajpet locations of MHRIL presented by IBBI at CBD COP 14 Business and Biodiversity Forum in Egypt

In yet another feather in the cap for the Mahindra Group, it entered the Limca Book of Records for planng a total of 16.4 million trees from 2007 to 2019 as part of its Mahindra Hariyali sustainability iniave.

This is part of the group's efforts to create a sustainable future and to enrich the lives of the communies which it serves. Through the Hariyali Project and other iniaves, all Group Companies are trying to sequester emissions by increasing the green cover.

Limca Book of Records for Planting 16.4 million trees

GRI 102-9 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 193

MLDL #RiseAgainstClimateChange digital Ÿ campaign also promoted tree plantation and MWC Jaipur is the first project in Asia and 11,055 trees were planted for people who world's largest project to be C40 Stage 2 supported the campaign cerfied and the first IGBC Gold Precerficaon under Green SEZ category; 66% of total water requirement to be met through recycled water, and has a rainwater harvesng capacity for more than 60 million litres; the final development to have more than 100,000 trees and will rely on using LED lights

Ÿ Windchimes and Vivante projects of MLDL took a pledge to go single-use plasc free, and these sites have achieved the same

Key Highlights MHRIL

MEML Ÿ Biodiversity assessment carried out at Virajpet and Madikeri Ÿ 100% LED plant, we installed 78 kW Solar PV Generaon and have shied to using Natural Ÿ Fish harvesng done at Cherai, Poovar and Lighng/Gravity venlaon Kumarakom Ÿ Duck farm developed at Poovar

Ÿ Organic gardens are developed at Kanha, Munnar, Corbe, Poovar, Manali, Cherai, Mahindra Susten Dharamshala, Thekkady, Kandaghat and Ÿ Pilot project on AgroPV model at Tandur Mahabaleshwar resorts, and the vegetable implemented that culvates lemongrass and produced in these gardens are used in other medicinal plants; the expected payback restaurants and the staff cafeteria will take 1.5 years and IRR:77%, while the Ÿ To rejuvenate the environment, we planted project also creates local employment that 38,002 trees across 35 resort locaons this year boosts our social license to operate and as a part of Mahindra Hariyali, an iniave of improves the Triple Boom Line impact Mahindra Group, and takes the total trees planted to 344,192 since the beginning of the project in 2010-11

Tech M Ÿ Reduced paper consumpon by 21% and planted 22,000 trees in 2019

Ÿ Other projects include livelihood projects on making jewellery from lantana, handicras from bamboo and a mangrove plantaon drive REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 194 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

SOCIAL

PERFORMANCE GRI 103-2, 103-3, 413-1

MANAGEMENT APPROACH

All Mahindra Companies and Subsidiaries recognise the Though all our importance of a healthy, ourishing community and believe subsidiaries have diverse that businesses can only succeed and thrive, when and unique initiatives for communities are safe, empowered, able and capable. community welfare, Our companies and subsidiaries feel a sense of responsibility towards the spread across India, community and are devoted to the purpose of inclusive growth and Mahindra Group's efforts community development. They are driven by the desire of wanng to have have transformed the lives a posive impact on communies that we grow in and depend on. of thousands of people all over the world.

450,000 girls educated

99,000 people treated

million trees 17.9 planted

25,000+ youths skilled 5,000+ toilets built 65,000+ students trained

O U R I N I T I A T I V E S C A N B R O A D L Y B E N A R R O W E D D O W N I N T O T H E F O L L O W I N G A R E A S

EDUCATION HEALTH ENVIRONMENT MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 195

All Mahindra Group Companies spearhead their social interventions through Mahindra's employee volunteering platform, Esops (Employee social options).

EDUCATION & SKILL BUILDING

The younger generaon is the future of tomorrow. A skilled and educated generaon can help our naon flourish economically and socially. Thus, we have constantly been striving to empower children and youth from socially disadvantaged backgrounds by paving the way for their holisc growth through educaon and skill development. The goal is to enhance their prospects of employability and enable them to break away from the cycle of poverty.

Tech Mahindra Foundation [TMF]

Established in 2007, Tech Mahindra Foundaon is the CSR division of Tech Mahindra and was established with a vision of 'Empowering Through Educaon'. The foundaon works for disadvantaged children, youth and teachers coming from vulnerable urban rural Benetted communies in India, with a focus on women and persons with disabilies, and has been striving to empower children and youth from socially disadvantaged backgrounds. It operates from Chennai, Bhubaneswar, Chandigarh, Delhi-NCR, Hyderabad, Kolkata, Mumbai, Nagpur, Pune, Visakhapatnam and Bengaluru. 38,337 people in F20 In F20, the Foundaon's efforts benefitted 38,337 people, and this number is only growing.

SMART Centres | TMF

With the goal of leading youth to the path of self-reliance, TMF's flagship employability programme SMART (Skills for Market Training), trains students in various specialised vocaonal courses and facilitates their placement. With an industry-led approach, SMART has been able to create a scalable model for its skill development programme, and it offers 34 courses in 13 domains. Through its network of 109 SMART 34 Centres, 18,066 students were trained in F20. courses in 13 domains

109 SMART Centres 18,066 students trained in F20

GRI 413-1 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 196 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

SUCCESS STORY

PATH TO SELF-DISCOVERY

His story of self-determinaon, self- he enrolled himself in the 4-month discovery and inslling a sense of course in Customer Retail and Sales, it responsibility to the situaon of his was a turning point in his life. Apart from family is what makes Aamir Khan an the hands-on training, he also developed inspiraon for many. his communicaon skills and underwent so skills training which made him feel Son of a tailor and homemaker, Aamir more confident and job ready. In didn't have any aspiraons or career February 2020, he joined Bachat Bazaar goals as he was unable to complete his Aamir's job has improved the overall as a Sales Execuve and began providing school educaon due to the financial financial condion of the family and has for his family. difficules in the family. His parents and reduced the pressure of earning on both younger brother were expecng him to His contribuon to the family is highly the parents. While he connues to work, add to the family income but due to a appreciated and his parents are happy he plans to complete his school educaon lack of skills and knowledge, he was that he understands his responsibilies. and later pursue a college degree as well. unable to find an appropriate job.

One day, his friend told him about a We are happy that he has found the right job at the right me with the SMART Centre in their vicinity and when help and supervision of his trainer at the SMART Centre - Aamir's Father

SMART & SMART+ Academies | TMF

Given the lack of well-trained paramedics and technicians in the healthcare sector, five 7 years ago, TMF decided to focus on SMART Healthcare, within its work for employability. Academies Thus, were established SMART Academies that impart advanced-level skills in healthcare, digital technologies and logiscs industry and work towards constant curriculum upgradaon and placements of 13 the trained students. courses The 7 SMART Academies include three Healthcare Academies in Delhi, Mohali and Mumbai; three Digital Technologies Academies in Mohali, Hyderabad and 683 Visakhapatnam; and one Logiscs & Supply students Chain Academy in Visakhapatnam. A total of trained 13 courses are offered in these Academies. In F20, the SMART Academies trained 683 students maintaining a placement rate of over 70%. To ensure that youth with disabilies are also 1,566 a part of the mainstream skilled workforce persons cadre, TMF under the SMART+ programme with trains them in market-related skills that can help them get dignified jobs in sectors such disabilities as hospitality, BPO, retail and IT-enabled trained industry. In F20, SMART+ trained 1,566 persons with disabilies.

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SUCCESS STORY

By the age of 26, Pushpinder Singh had tried a variety of jobs he'd worked in a call centre and as recovery agent for a bank. He even did a course in air-ckeng but didn't find work anywhere.

“When my business ran into a loss, I was unhappy and looking for something fulfilling to do,” says Pushpinder. “When I heard about the Academy through a mobiliser, it got me thinking about working in the healthcare sector. I've always wanted to do something to help people, I think the biggest advantage at the Academy is the teachers' atude towards students, anyone can easily approach them and ask for help,” says a proud Pushpinder, who now works at Moolchand Hospital, New Delhi, as a hospital Front Office & Billing Execuve.

SUCCESS STORY

OUR VERY OWN COVID-19 WARRIOR

Sonal Chavan, belonging to Mumbai's Sindhudurg district was born and raised in a lower middle- class family. Her mother works as a house help and father as a driver. Shortly, aer compleng her high school educaon, owing to the family circumstances, her parents had expected Sonal to contribute towards home finances. However due to various barriers, Sonal could not get a job despite her zeal and dedicaon. Soon, she came to know of the General Duty Assistant (GDA) programme of SMART Academy for Healthcare through the mobilising team. Without wasng any me, she enrolled herself in the course. With the help of the faculty and placement teams, she was groomed during the on- the-job-training period and prepared for interviews. Today, Sonal is working in Seven Hills SONAL CHAVAN Hospital that is designated to treat the paents affected by COVID-19. Sonal is happy in her job Paent Care Aendant and wants to upgrade her skills so that she can work as a Nursing Assistant in the hospital. She is Seven Hills Hospital now a frontline worker during the crisis situaon, and her family is proud of her.

Initiatives in Schools | TMF

TMF acvely works for the Right to Quality Educaon for students in primary schools through its partnership with credible NGOs and municipal schools. The iniaves aim to boost school educaon among children and ensure holisc growth of students through overall development of the schools and the learnings provided, therein. Their goals are:

Ÿ To ensure children acquire grade appropriate learning

Ÿ To ensure that families of the students are an equal stakeholder in the process of their holisc learning and development

Ÿ To create happier classrooms

Ÿ To ensure that schools are effecve bodies equipped with latest curriculum as well as trained teachers to help students grow organically

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GRI 413-1 ARISE & ARISE+ | TMF

All Round Improvement in School Educaon Worked with (ARISE) is a long-term school improvement programme, wherein TMF works in collaboraon with municipal corporaons and 36 state government bodies to develop primary government schools into model schools of excellence. schools In F20, TMF worked with 36 government schools to turn them into model schools of excellence. In all, 9,817 students have benefied from this programme. During the year, TMF also expanded its work 9,817 for children with disabilies, through its students ARISE+ programme. Under this project, benetted children are provided chronic therapy as well as special educaon to help them lead more fulfilling lives. Through 20 projects, the programme enabled 2,864 children with disabilies to become more independent in ARISE+ managing themselves and become beer learners. programme 20 projects benetted 2,864 children with disabilities

Shikshaantar | TMF

Through Shikshaantar, TMF is working on building capacies of government school teachers through workshops, learning fesvals and experienal acvies. The Foundaon works with the Municipal Corporaons of East Delhi and North Delhi under its directly implemented and run - programme, namely, In-Service Teacher Educaon Instutes. In F20, 3,797 teachers were trained as part of this iniave.

teachers 3,797 trained MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 199

Social, Emotional and Ethical (SEE) Learning | TMF

To reckon with the precarious and perilous phase of this pandemic, TMF recognised the need for introducing an element of social and emoonal wellness in its programmes. To this effect, Tech Mahindra Foundaon signed an MoU with the Centre for Contemplave Science and Compassion-based Ethics of the Emory University, Atlanta, for bringing in the Social, Emoonal and Ethical (SEE) Learning Programme developed by Emory University in collaboraon with the Dalai Lama Instute. In its first phase, a team of 20 members from TMF parcipated in the Facilitator Training & Educator Prep Workshop in February 2020 at Delhi and Mumbai conducted by the teams of SEE Learning and Max India. This collaboraon helped infuse SEE learning aspects among TMF associates who work with young men and women, school students and teachers, on a daily basis. The parcipants shared that SEE Learning empowers students to engage ethically as part of a global community and provides educators with the tools they need to support student well-being.

Mobile Science Lab | TMF

To enhance the reach of our educaon iniaves, TMF launched a unique iniave during the year, wherein a Mahindra bus was remodelled to be a science lab on wheels. The Mobile Science Lab takes a tour from school to school in East Delhi to provide Science, Technology, Engineering and Mathemacs (STEM) learnings to government school children of classes 3 and 4. During F20, the iniave received tremendous response from 1,544 children and has the potenal to expand manifold in the years ahead.

children 1,544 reached in F20

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Training Workshops | Mahindra Sanyo GRI 413-1

Mahindra Sanyo organised various educaon-based acvies like English speaking classes, computer training, career guidance and various awareness programmes for students and nearby community members. A total of 747 students, teachers and community members benefied. Mahindra Sanyo also conducted various skill-based trainings for women and girls, including advanced beauty parlour training, advance tailoring training, bakery training, etc. personality development workshops and workshops on entrepreneurship skills were also organised. A total 3,427 women benefied from these sessions.

Education-based students, teachers and Skill-based women activities 747 community members benetted trainings 3,427 benetted

Project Samantar | Mahindra Logistics

Through Project Samantar, a holisc welfare Health and eye check-ups | Road safety programme to improve the working trainings | Yoga and meditaon sessions | condions and aspiraons of the driver Awareness campaigns for seat belt, road and community was iniated. highway signage's and personal hygiene | AIDS awareness including tesng and A need assessment was undertaken through treatment | Providing basic sanitaon | Rest Driver Welfare Forums to ensure that the room facilies | Health insurance, etc. are programme design is effecve and beneficial. the iniaves covered under Project Samantar. As a part of the project, Mahindra Logiscs conducts various community development Through the Saksham Scholarship acvies in pockets of villages, slums in Programme, Mahindra Finance, in backward areas and with the driver collaboraon with K.C. Mahindra Educaon community. Scholarships and grants are Trust, supported children of Drivers and provided to children of drivers to encourage Automobile Dealership employees, studying and support them in finishing their higher in classes 5 to 12. This project was educaon. implemented at pan India level and 8,500 children are going to receive the scholarship.

Saksham children of drivers and automobile Scholarship 8,500 dealership employees will benet

Skill Development Training for People with Disabilities | Mahindra Finance

Through Project Hunnar that focusses on Employability Enhancement and Sustainable Employment of persons with disabilies through skill development, Mahindra Finance in people with collaboraon with Sarthak Educaonal connued its support for Divyang Vikas Kendra at Bhopal Trained 500 disabilities and Vishakhapatnam to help train 500 people with disabilies.

Support to Mahindra Pride Schools | Mahindra Finance

In F20, Mahindra Finance supported three schools in Pune, Chennai and Patna which have trained 3,000+ youth in ITES, Retail and Hospitality. Further, an addional 30,000+ students were trained through Mahindra Pride Classrooms conducted through Polytechnics and Arts & Supported 3 schools Science Colleges in 14 States. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 201

Enhancing Digital Literacy | Mahindra Finance

Mahindra Finance, in collaboraon with NIIT Foundaon, conducted 400 financial literacy workshops along with a web-based mobile applicaon on financial literacy to 12,000 people, with the aim to inculcate good financial pracces for beer money management. The project has been implemented in Gujarat, Madhya Pradesh and West Bengal.

nancial literacy people 400 workshops conducted 12,000 benetted

Pradhan Mantri Kaushal Vikas Yojana | Mahindra Logistics

To improve and enhance driving skills of the youth across the country, Mahindra Logiscs conducted trainings for 5,430 drivers at over 200 locaons. The trainings under this programme covered Road safety | Crisis management | Conflict management on road | Safety of female passenger in people logiscs | Vehicle maintenance | Sustainability | So skills and training etc.

drivers 200 locations 5,430 trained

Initiatives in Schools | Mahindra Lifespaces Developers Ltd. (MLDL)

MLDL is in the process of establishing Mini In associaon with Akshay Patra In F20, MLDL constructed 12 toilets in Science Centres to teach concepts of Science Foundaon, MLDL provided mid-day meals government schools across seven villages. and Mathemacs in an interacve manner to to 605 children across five schools. MLDL has also adopted 3 anganwadis to 300 children at Government High School MLDL also donated INR 25 lakh to Seva improve infrastructure through renovaon Karunilam, Kaankalathur. In addion to this, Mandir for providing educaon to and to provide educaonal support. a Computer Lab has also been set up at underprivileged children. Panchayat Union Middle School in Paranur.

children’s mid-day donated for education to anganwadis 605 meals provided £25 lakh underprivileged children 3 adopted

Vocational Skill Development Training | MLDL

250 people were trained in F20. Till date, trainings have been imparted to 2,023 people. During the year in review, 10 new SHGs were formed with 175 women at Mahindra World City Jaipur. Till date, 105 SHGs have been formed with 1,418 women. 50 women were also provided primary educaon.

people new SHGs 250 trained 10 formed

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Skill Development with SEWA Bharat & Mahindra Pride School | MHRIL

MHRIL collaborated with SEWA Bharat and started the SEWA Mahindra Naonal Resource Centre at Mussoorie to enhance employability through skill development and career counselling for women and youth. The centre provides vocaonal courses in Hospitality and Housekeeping, Beauty and Wellness, and Garment making to the beneficiaries. Till date, over 1,500 youth have been mobilised and provided training to 157 youth in Mussoorie. As a part of skill development iniaves, more than 15 youth from Mahindra Pride School were provided on-the-job training during the F20, of which most belonged to marginalised communies, thus contribung to MHRIL's affirmave acon commitment.

youth youth provided on-the-job training - most of them 157 trained 15+ belonged to marginalised communities

Mahindra Gunsar Lok Sangeet Sansthan | MHRIL

With the goal of preserving and promong tradional art forms, MHRIL adopted a Music School in Jaisalmer, Rajasthan, to train children in local folk music. This was executed in partnership with Gunsar Lok Sangeet Sansthan. Through this programme, 25 children and 10 staff members were supported on a monthly basis.

25 children and 10 staff members supported on a monthly basis

Infrastructure Development and Skill Enhancement | Mahindra Susten

Mahindra Susten took the iniave of creang 4 playscapes and beaufying 3 schools in ISTS Baap, Rajasthan. We have also been taking efforts to enable learning through play at Rawra. Addionally, we undertook a Jewellery and Handicras Training workshop, along with training 35 households in making jewellery using bamboo.

playscapes schools 4 created 3 beautied households trained in 35 making jewellery using bamboo

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Contribution to Nanhi Kali

Project Nanhi Kali that provides daily academic support, as well as an annual school supplies kits to underprivileged girls to complete 10 years of schooling, connues to receive support from numerous Mahindra Companies.

Mahindra MLDL Mahindra MHRIL Finance Logistics Supported Through their Supported Supported the financial contribuon, Nanhi Kalis educaon of over supported 2,302 and renewed the sponsorship of 2,356 girl students 5,000 Nanhi Kalis for 10,455 Nanhi Kalis in Darjeeling, a period of one year Nanhi Kalis 1,548 Shravas, Nashik and Barabanki

SUSTAINABILITY

With the growing conversaons and concern around Climate Change, it is important now more than ever to start taking firm steps for environmental protecon and biodiversity conservaon. Mahindra and its group of companies recognise this and have been making efforts to reduce the destrucon of ecosystems through the following iniaves and projects.

Tree Planting Initiative with FANBOOST | Mahindra Racing UK

Mahindra Racing joined hands with FANBOOST, wherein for every vote received by our Formula E drivers - Jerome D'Ambrosio and Pascal Wehrlein throughout the season, Mahindra Racing would plant a tree.

FANBOOST is a plaorm that gives fans the opportunity to vote for their favourite driver and award them an extra boost of power during the race.

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The trees will be planted under the Mahindra Hariyali project in the Araku Valley in Andhra Pradesh, which is one of the key plantaon locaons under Mahindra Hariyali project. At the end of the season, Mahindra Racing have analysed the FANBOOST figures shared with the team from Formula E and have pledged to plant the number of trees accordingly.

Mahindra Racing was also the rst Formula E team to achieve FIA Sustainability accreditation.

The team first aained its two-star rang in November 2016 and, following a periodic audit in February 2019, Mahindra Racing maintained its status in the framework. In 2020, Mahindra Racing became the first Formula E team to receive the highest sustainability accolade, a three-star accreditaon by the Federaon Internaonale de l’Automobile (FIA), motorsport’s governing body. The team is commied to the FIA environmental cerficaon programme by minimising its environmental impact and working towards achieving carbon neutrality. It also takes learnings from advanced technologies in its race car to apply it to its road cars within its Race to Road iniave, developing and promong more sustainable transportaon soluons.

Mahindra TERI Centre of Excellence (CoE) | MLDL

The Mahindra TERI Centre of Excellence was launched in 2018 with a vision to 'build a greener urban future by developing innovave energy efficient soluons tailored to Indian climates.' It ulises state-of-the-art research techniques and tools to generate performance data and metrics, leading to large-scale implementaon of energy efficient soluons.

Green Army | MLDL

The Green Army provides educaon to children on sustainable living habits and choices and encourages them to spread awareness amongst friends, families, sociees and nearby communies. Since its incepon, MLDL has reached out to 350 schools, 70,000 students, and 280,000 cizens across Mumbai, Pune, Nagpur, Chennai, Delhi, Ahmedabad and Bengaluru. As a result, savings of 3,150,000 units of energy, 48,190 million litres of water, and 6,387.50 tonnes of waste has been observed.

REACHED OUT TO 350 schools 70,000 students 280,000 citizens

SAVINGS OF 3,150,000 48,190 6,387.50 units of energy million litres of water tonnes of waste

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Waste Management | MLDL

40 volunteers from Kunnavakkam village were trained on different aspects of solid waste management including wet and dry waste, biodegradable and non-biodegradable waste, and recycling techniques among others. Dustbins were also provided to 220 households to segregate biodegradable and non-biodegradable waste.

Mission Hariyali | MLDL & Mahindra Finance

MLDL planted 5,000 trees in Government approved forest area and villages around Mahindra World City, Jaipur. Mahindra Finance contributed to Project Hariyali by planng over 101,129 saplings with high survival rate with the help of our employees, NGOs and schools across India.

MLDL Mahindra Finance trees saplings 5,000 planted 101,129 planted

Swachh Bharat Abhiyan | Mahindra Sanyo

In order to encourage and facilitate the message of Swacch Bharat Abhiyan, Mahindra Sanyo organised cleaning acvies at Annabhau Sathe Hall, Vasrang, Railway staon, Lowjee, Janta School, Lowjee and JCMM School. The goal was to raise awareness about the importance of cleanliness and sanitaon. A total of 5,010 people were a part of the 5,010 programme. people participated

Tree Plantation Drive | Mahindra Sanyo

Under the Green Guardians Iniave, Mahindra Sanyo planted 195 tree saplings on 5 June 2019 at MSSSPL, Khopoli, and 202 saplings on 24 June 2019 at Government Polytechnic. 6,810 plantaon samplings were sent to Mahindra Logiscs, Bhospada School, Shahapur and 744 tree saplings were planted in 7,951 MSSSPL plant area, Khopoli. saplings planted

Swachh Bharat Abhiyan | MHRIL

In support of the Swachh Bharat Abhiyan iniave of the Government of India, MHRIL's employees conducted cleanliness drives at public places around its peripheral areas. Employees put in 4,516 hours in cleanliness iniaves that were organised around the resorts, neighbouring schools, beaches, highways, etc. 4,516 hours in cleanliness

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Creation of Biodiversity Hotspots | Mahindra Susten

With the aim of creang biodiversity hotspots, Mahindra Susten planted local species like Amla, Palash and Ficus, created trenches for water conservaon, installed bird houses and water bowls installed at various spots and planted 2,000 indigenous trees. These efforts resulted in biodiversity spong at Rewa Ultra Mega Solar Limited (RUMS) 250 MW site.

Rejuvenation of Water Body | MHRIL

MHRIL partnered with Sri Aurobindo Society to raise awareness amongst the local community on water conservaon in Bahour, Puducherry. We carried out the Bahour tank desilng of 15,000 cubic metres to increase the water holding capacity by that volume as well as carry out the strengthening of the Bahour tank bund using the desilted soil.

Chlorination of Drinking Water Sources | MHRIL

Excessive rainfall in Kerala in August 2019 led to flooding, which caused contaminaon of a Benetted large number of water sources in Wayanad District, Kerala. Cleaning and chlorinaon of wells became crical in order to provide access to clean drinking water free of contaminaon, thereby reducing and curbing outbreak of diseases. MHRIL partnered with SEEDS 200 (Sustainable Environment and Ecological Development Society) to provide safe drinking marginalised water in order to improve health and hygiene amongst vulnerable communies and thereby families supported 200 marginalised families of Wayanad District.

Access to Water in Drought Affected Areas | MHRIL

In November 2018, the Maharashtra Government declared drought in 151 tehsils out of 358 tehsils in the state. These tehsils were spread across 26 out of 36 districts. The NGO, United Way of Mumbai, conducted a manual verificaon of the ground condions, a mandatory step before declaring drought. Five districts Jalgaon, Beed, Ahmednagar, Aurangabad and Solapur - were found to be affected by the calamity the most. Drought affected district, Solapur, required support towards storage of water, repair of pipelines and alternate livelihood measures. MHRIL partnered with the NGO to repair and provide beer water storage facilies at two villages, to avoid wastage of water and to ensure equal water supply to the community.

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Rooftop Rainwater Harvesting | MHRIL

MHRIL worked with the NGO Students Relief Society to idenfy 20 Government schools in Udaipur to set up Rooop Benetted Rainwater Harvesng structures. The aim is to make the schools self-sufficient and to inculcate sustainable water management pracces through school-based IEC (Informaon, Educaon and Communicaon) approach. This project will benefit 7,623 children though facilitaon, awareness and construcon of rainwater harvesng structures for fulfilling the 7,623 daily requirement of potable drinking water. children

Mahindra Hariyali - Tree Plantation Initiatives | MHRIL

Under the Mahindra Hariyali iniave, MHRIL planted 40,774 trees this year, which contributed to improving green cover and protecng biodiversity in the country. Through the Rural Livelihood Programme, which is designed to improve livelihood of villagers and provide a sustainable income for their families, we planted 10,000 fruit-bearing trees to bring economic sustainability in order to empower them. MHRIL also implemented the plantaon of 6,000 local tree species on the Panchayat-owned lands near the water embankments of Surav village, Raigad district, Maharashtra, through Grow-Trees. Till date, we have planted a total of 381,964 trees since the incepon of the Mahindra Hariyali iniave in 2010-11.

40,774 10,000 6,000 381,964 trees planted fruit-bearing local trees trees planted trees planted species planted till date

RURAL DEVELOPMENT

The majority of India's populaon resides in villages. To ensure that the needs of people in rural areas are met, we have taken up rural development as one of our key focus areas and are working to find soluons to issues they face and to enhance their quality of life.

Village Adoption | Mahindra Finance

Mahindra Finance adopted two villages Doranhalli, Shahapur, Yadgir in Karnataka and Dulha Shumali, Birdpur, Over Siddharth Nagar in Uar Pradesh. These districts are selected from the list of Aspiraonal Districts released by Ni Aayog. Mahindra Finance is focussing on holisc development of these two villages over three years, that would benefit over 25,000 villagers. Through this project, Mahindra Finance undertakes developmental acvies like 25,000 renovaon of schools and anganwadis and implementaon of water supply projects | health & sanitaon | villagers to be malnutrion | educaon | youth development | women's empowerment | support to the farmer community | benetted infrastructure development etc., in order to ensure a long-term impact.

Village Adoption | Mahindra Logistics

In 2017-18, Mahindra Logiscs adopted Tembha village, in Shahapur Ÿ Family welfare programmes, along with fesvals driving social block, Thane District, and during the year under review, it undertook messages were also organised regularly the following iniaves: Ÿ Mahindra Logiscs also distributed food grains, groceries and Ÿ To ensure sufficient water supply in water-stressed hamlets, 15 conducted healthcare and eye check-up camps and distributed hamlets were idenfied out of 18 spectacles

Ÿ To encourage cleanliness and prevenon of diseases by Ÿ 'Healthy Mother, Healthy Babies' campaign was iniated to maintaining hygiene, awareness programmes were conducted throw lights on the importance of family planning and under Swachh Bharat Abhiyan advocang the '2 children theory'

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HEALTH AND WELL-BEING GRI 413-1

The COVID-19 pandemic has reiterated the importance of good health and well-being, unlike never before. While the majority of the populaon has started tending to their health and fitness, there is a large secon of the society that does not have access to basic healthcare facilies, immunity building nutrion or safe and hygienic living condions. With the aim to bridge this gap of lack of access to healthcare and sanitaon, our companies have iniated the following programmes:

Relief Work during COVID-19 | TMF

The COVID-19 pandemic led to circumstances that we've never known or dealt with before. However, TMF stood strong in the face of adversity and redesigned the way it works, repurposed its projects, and redeployed its resources to meet the demands imposed on people by the pandemic. Without wasng any me, the Foundaon came up with an immediate response mechanism with the goal to direct support towards the most vulnerable secons in urban locaons, in the quickest me possible.

W E C O N T R I B U T E D I N T H E F O L L O W I N G W A Y S

By procuring PPE By donating to credible By directly providing (Personal Protective organisations who food/ration packets Equipment) kits are working at the for the most needy from authorised grassroots level for migrant workers, vendors at competitive providing relief to daily-wage earners, rates and supplying the most vulnerable marginal farmers, these to hospitals and communities those outside any security agencies social security net

OUTREACH In addion, TMF has supported (as on 30 June 2020) the establishment of a dedicated COVID hospital in Manesar, Gurgaon. TMF also contributed to UNICEF's ‘Flush the Virus’ - a community toilet sanisaon iniang in Dharavi, Mumbai. 120,000+ people benetted from this sanitation drive Provision of food Provision of PPE kits and essentials cooked meals States and Union Territories where we carried out outreach programmes: Reached out to Provided + Delhi | Haryana | Uar Pradesh | 5,154 Maharashtra | Odisha | West Bengal | 62,288 44,600 PPE kits supplied Punjab | Karnataka | Telengana | individuals cooked meals to hospitals and Tamil Nadu | Jammu & Kashmir security forces MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 209

Moreover, the Foundation is also proud to have added over 700 health professionals though its SMART Healthcare Academies to the COVID-19 Warriors in healthcare, ghting an endless battle for us each day.

Health Check-ups | Mahindra Sanyo

Mahindra Sanyo organised the following health check-up and awareness programmes that benefied a total of 475 people:

General Blood Senior Bone Eye Check-Up, Diabetes School Student Health Donaon Cizen Density Self Help Group Diagnosis Camp Tooth Awareness Awareness Camp Health Check-Up Health Check-Up and Awareness and Toothbrush Programme Check-Up Camp Distribuon

Donations & Health Camps | MLDL

MLDL made a donaon to Mumbai Mobile Creches, an organisaon working for the right of marginalised children to Early Childhood Development. We also contributed INR 25 lakh to the ENT Research Society to support implantaon of cochlear devices in underprivileged deaf and mute children. Over and above this, Health Camps were organised in two government colleges and two government schools at Mahapura village near Mahindra World City, Jaipur, to educate girls on menstrual health and hygiene.

Distribution of Face Masks and Sanitisers | MLDL

In order to sensise the customers and communies in residenal areas on the precauons to be taken to contain the spread of COVID-19, awareness sessions were conducted in Mahindra World City, Chennai. MLDL also regularly fumigated all the public spaces and provided hand sanisers and face masks to the health workers and police officials posted on COVID-19 duty.

Easing Access to Ambulance | Mahindra Finance

Mahindra Finance has been donang ambulances since 2015 to ensure people in rural and urban areas receive quick and easy access to medical services. In F20, Mahindra Finance selected 14 NGOs/hospitals for the ambulance donaon programme. So far, we have donated 61 ambulances that have benefied over 91,000 rural and urban areas.

ambulances rural & urban 61 donated so far 91,000 areas benetted

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Blood Donation Drive | Mahindra Finance

We have been celebrang our Founder's Day by organising Blood Donaon drives across India. On 18th October 2019, Blood Mahindra Finance conducted a blood donaon drive at 1,257 locaons and collected 8,349 units of blood. donation at 1,257 places 8,349 units of blood collected

Healthcare Initiatives | MHRIL

Ÿ MHRIL has provided medical aid to paents suffering from cancer and nutrional support to differently abled and HIV affected individuals. This was done in partnership with the NGOs Cancer Paents Aid Associaon and Human Touch India. Ÿ MHRIL also supported the NGO 'The Indian Red Cross Society', in their Hospital Infrastructure Improvement project to provide Medicare for the village and tribal populaon in Mahabaleshwar. Ÿ To provide access to healthcare facilies, we also provided Mobile Medical Units for the benefit of the communies in Tung village, Hatgad and Mahableshwar in Maharashtra.

DISASTER RELIEF

Relief & Rehabilitation | Mahindra Finance

Mahindra Finance extended support to the vicms in Odisha by donang INR 50 lakh from the CSR budget. It also distributed 200 relief kits to 200 flood affected families of Kolhapur and Sangali districts of Maharashtra and conducted free health check-up camps for 1,500 affected people at Muzaffarpur, Madhubani and Sitamarhi in Bihar during F20.

donated from relief kits Free health affected £50 lakh the CSR budget 200 provided check-ups for 1,500 people

Disaster Relief | MHRIL

MHRIL also carried out flood relief operaons in disaster-affected areas of Kodagu and Kerala, and provided on-ground relief support to assist people in the flood-impacted regions.

GRI 413-1 MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 211

ANNEXURES

ACRONYMS

AD Automove Division ER Employee Relaon

AIDS Acquired Immunodeficiency Syndrome ERP Enterprise Resource Planning

ABS An-lock Braking System Esops Employee Social Opon Scheme

ASCI Adversing Standards Council of India ETP Effluent Treatment Plant

BPO Business Process Outsourcing EU European Union

BR Business Responsibility FD Farm Division

BSE Bombay Stock Exchange FICCI Federaon of Indian Chamber of Commerce and Industry BS-IV Bharat Stage - Four g/hph Grams per horsepower hours BS-VI Bharat Stage - Six GDP Gross Domesc Product C CRDe -cylinder Common Rail Diesel Engine GHG Greenhouse Gas CO Carbon Dioxide GJ Giga Joules CH Methane GEB Group Execuve Board CDP Carbon Disclosure Project GMC Group Management Cadre CED Cathodic Electrodeposion GRI Global Reporng Iniave CEO Chief Execuve Officer HO Water CGC Corporate Governance Cell HCFC Hydrochlorofluorocarbon CFC Chlorofluorocarbon HCNG Hydrogen Compressed Natural Gas CFL Compact Fluorescent Lamp HP Horsepower CFO Chief Financial Officer HR Human Resources CII Confederaon of Indian Industry ICRA Investment Informaon and Credit Rang Agency CNG Compressed Natural Gas ICT Informaon, Communicaon, and Technology CO Carbon Monoxide IGBC Indian Green Building Council CRISIL Credit Rang & Informaon Services of India Ltd. IIT Indian Instute of Technology CSR Corporate Social Responsibility INR Indian Rupee CV Commercial Vehicles ISO Internaonal Organizaon for Standardizaon DNA Data Not Available IT Informaon Technology DJSI Dow Jones Sustainability Indices KCMET K.C. Mahindra Educaonal Trust EBD Electronic Brakeforce Distribuon KL Kilo Litres EEC European Emission Compliance LCV Light Commercial Vehicle EFI Employers Federaon of India Leadership in Energy & Environmental Design ELV End of Life Vehicle REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 212 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

LED Light Eming Diode OEM Original Equipment Manufacturer

LDO Light Diesel Oil OHS Occupaonal Health and Safety

L&D Learning and Development PAT Profit Aer Tax

LPG Liquefied Petroleum Gas Pb Lead

MAITS Mahindra All India Talent Scholarships ROI Return On Investment

MD Managing Director RSPM Respirable Suspended Parculate Maer

META Mahindra Excellence in Theatre Award R&D Research & Development

MFCSL Mahindra First Choice Services Limited SBTi Science Based Targets Iniave

MFCWL Mahindra First Choice Wheels Limited SCM Supply Chain Management

MFUSA Mahindra Foundaon USA SEZ Special Economic Zone

MGTPL Mahindra Gears & Transmissions Private Limited SEBI Securies and Exchange Board of India

MHRIL Mahindra Holidays & Resorts India Limited SIAM Society of Indian Automobiles Manufacturers

MIBL Mahindra Insurance Brokers Ltd. SOx Oxides of Sulphur

MIDC Maharashtra Industrial Development Corporaon SO Sulphur Dioxide MIL Mahindra Intertrade Limited SPM Suspended Parculate Maer

MIQ Mahindra Instute of Quality STP Sewage Treatment Plant

MLDL Mahindra Lifespace Developers Limited SUV Sports Ulity Vehicle

MLL Mahindra Logiscs Limited Tech M Tech Mahindra

MMFSL Mahindra & Mahindra Financial Services Limited TMF Tech Mahindra Foundaon

MOU Memorandum Of Understanding TPM Total Producve Maintenance

MPS Mahindra Pride School UK United Kingdom

MRHFL Mahindra Rural Housing Finance Ltd. UNGC United Naons Global Compact

MRV Mahindra Research Valley US United States

MSSSPL Mahindra Sanyo Special Steel Pvt. Ltd. USA United States of America

MSP Making Sustainability Personal USD United States Dollars

MTWL Mahindra Two Wheelers Limited UV Ulity Vehicle

MVML Mahindra Vehicle Manufacturers Limited UWC United World College

MWC Mahindra World City VC Vice-Chairman

MWCDL Mahindra World City Developers Limited VOC Volale Organic Compound

MWCJL Mahindra World City Jaipur Limited WBCSD World Business Council for Sustainable Development NCDEX Naonal Commodity & Derivaves Exchange WRI World Resources Instute NGO Non-Governmental Organisaon ZWL Zero Waste to Landfill NIS Not In Scope

NOx Oxides of Nitrogen MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 213

GLOSSARY

AAA Credit Rating End-to-End Supply Chain Solutions AAA is the highest possible rang that may be assigned to an issuer's End-to-End Supply Chain Soluons is the management of a network bonds by any of the major credit rang agencies. AAA-rated bonds of interconnected businesses involved in the ulmate provision of have a high degree of creditworthiness because their issuers are product and service packages required by end customers. Supply easily able to meet financial commitments and have the lowest risk chain management spans all movement and storage of raw of default. materials, work-in-process inventory, and finished goods from point of origin to point of consumpon.

C2 CRDe Technology Energy Productivity Two cylinder, common rail diesel engine technology stands for Common Rail Direct Fuel Injecon engine. It is the latest state-of the- ENERGY PRODUCTIVITY is a measure of the economic benefit we art technology for diesel engines and suits passenger cars as well as receive from each unit of energy we use. It is calculated by dividing commercial vehicles. TOTAL ECONOMIC OUTPUT (e.g., GDP or revenue) by the AMOUNT OF ENERGY CONSUMED (e.g., barrels of oil equivalent, or kilowa hours of electricity).

Carbon Disclosure Project (CDP) CDP is an organisaon that works with shareholders and EP100 corporaons to disclose the greenhouse gas emissions of major corporaons. M&M Limited is a signatory for CDP. EP100 (Energy Producvity 100) is a campaign for the world's most influenal businesses to commit to doubling their energy producvity by 2030. The campaign, developed and administered by The Climate Group, is an acon of the We Mean Business Coalion. Carbon Neutrality Carbon neutrality refers to achieving net zero carbon dioxide emissions by balancing carbon dioxide emissions with removal or EURO IV or EURO VI Standards simply eliminang carbon dioxide emissions altogether. Regulaons for reducon of pollutant emissions from light vehicles. The European Union is introducing stricter limits on pollutant emissions from light road vehicles, parcularly for emissions of COP 25 nitrogen parculates and oxides. The Regulaon also includes measures concerning access to informaon on vehicles and their The 2019 United Naons Climate Change Conference, also known as components and the possibility of introducing tax incenves. COP25, is the 25th United Naons Climate Change conference. It was held in Madrid, Spain, from 2 to 13 December 2019 under the presidency of the Chilean government. EV100 This is a global iniave bringing together forward looking companies COVID-19 commied to accelerang the transion to electric vehicles (EVs) and making electric transport the new normal by 2030. They can COVID-19 is a disease caused by a new strain of coronavirus. 'CO' also significantly enhance mass demand for electric vehicles. stands for corona, 'VI' for virus, and 'D' for disease. Formerly, this disease was referred to as '2019 novel coronavirus' or '2019-nCoV.'

Great Place To Work CRISIL Limited Great Place To Work is the Global Authority in creang, sustaining and recognising High-Trust, High-Performance Culture at workplaces. CRISIL is an Indian analycal company providing rangs, research, and risk and policy advisory services and is a subsidiary of American company S&P Global. REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 214 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

GRI Standards Scope I It defines the content of a sustainability report. The modular structure Scope 1 greenhouse gas emissions occur from sources that are of the Standards makes it possible for individual Standards to be owned or controlled by a company, such as combuson facilies updated independently, to stay up to date with latest developments. (e.g.: boilers, furnaces, burners, turbines, heaters, incinerators, engines, flares, etc.), combuson of fuels in transportaon (e.g.: cars, buses, planes, ships, barges, trains, etc.) and physical or chemical processes (e.g.: in cement manufacturing, catalyc cracking ICRA Limited in petrochemical processing, aluminium smelng, etc.). ICRA Limited (formerly Investment Informaon and Credit Rang Agency of India Limited) was set up in 1991 by leading financial/investment instuons, commercial banks and financial Scope II services companies as an independent and professional Investment Informaon and Credit Rang Agency. Scope 2 greenhouse gas emissions are from the generaon by another party of electricity that is purchased and consumed by the company. This is described as "purchased electricity" for the purposes of the GHG Protocol. ISO-50001 ISO Standard 50001 specifies requirements for establishing, implemenng, maintaining and improving an energy management Scope III system, whose purpose is to enable an organisaon to follow a systemac approach in achieving connual improvement of energy Other indirect greenhouse gas emissions, including those associated performance, including energy efficiency, energy use and consumpon. with employee travel, supply chain, leased assets, outsourced acvies, use of products and waste disposal.

ISO 14001:2018 Special Economic Zone (SEZ) ISO 14001:2018 is intended for use by an organisaon seeking to manage its environmental responsibilies in a systemac manner SEZ is a geographical region that has economic laws that are more that contributes to the environmental pillar of sustainability. liberal than a country's typical economic laws.

OHSAS 18001:2007 RE100 Managing Occupaonal Health and Safety (OH&S) issues in the RE100 is a global iniave bringing together the world's most workplace represents an enormous challenge due to varying human influenal businesses commied to 100% renewable electricity. nature, skills set, process complexity & local culture and have implicaons for everyone at the workplace. Effecvely managing these issues means taking account not only of legal requirements, but also the well-being of your personnel in the organisaon. United Nations Global Compact It is a framework for businesses that are commied to aligning their operaons and strategies with ten universally accepted principles in the areas of human rights, labour, the environment and an- ODS corrupon. M&M Limited is a signatory to UNGC. Ozone Depleng Substances (ODSs) are those substances which deplete the ozone layer and are widely used in refrigerators, air condioners, fire exnguishers, in dry cleaning, as solvents for cleaning, electronic equipment and as agricultural fumigants.

Mahindra Quality Way It is an assessment by external naonal and internaonal experts of Mahindra's quality policy, systems, procedures and performance against world-class standards to idenfy: strengths, opportunies for improvement, scoring profile for priorising improvements. MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 215

INDEPENDENT ASSURANCE STATEMENT GRI 102-56

KPMG Assurance and Consulng Services LLP Telephone: +91 (22) 6134 9200 7th Floor, IT Building No. 3 Fax: +91 (22) 6134 9220 Nesco IT Park, Nesco Complex Western Express Highway Internet: www.kpmg.com/in Goregaon (East), Mumbai - 400 063.

Independent Limited Assurance Statement to Mahindra & Mahindra Limited on its Sustainability Report for Financial Year 2019-20

To the Management of Mahindra & Mahindra Limited, 5th Floor, Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai – 400 018, Maharashtra, India.

Introduction

We (‘KPMG Assurance and Consulting Services LLP, or ‘KPMG’) have been engaged by Mahindra & Mahindra Limited (‘M&M Limited ‘or ‘the Company’) for the purpose of providing an independent assurance on selected non-financial disclosure in the Sustainability report (‘the Report’) for the reporting period from 1st April 2019 to 31st March 2020 (‘the year or the Reporting Period’). Our responsibility was to provide limited assurance on selected non-financial disclosure as described in the scope, boundary and limitations.

Reporting Criteria

M&M Limited applies its own sustainability reporting criteria based on Global Reporting Initiative (GRI) Standards, in-accordance - Core option.

Assurance Standard

We have conducted our assurance in accordance with:

Limited Assurance requirements of International Federation of Accountants' (IFAC) International Standard on Assurance Engagement (ISAE) 3000 (Revised), Assurance Engagements Other than Audits or Reviews of Historical Financial Information. Under this standard, we have reviewed the information presented in the report against the characteristics of relevance, completeness, reliability, neutrality and understandability. Limited assurance consists primarily of enquiries and analytical procedures. The procedures performed in a limited assurance engagement vary in nature and timing and are less in extent than for a reasonable assurance engagement.

Scope, Boundary and Limitations

The scope of assurance covers selected environmental and social disclosures of M&M Limited as mentioned in the table below, for the period from 01 April 2019 to 31 March 2020. The boundary of the Report covers operations of M&M Limited and its subsidiary companies in India only, as mentioned in the Report.

Universal Standards General Disclosures o Stakeholder engagement: 102-40, 102-42, 102-43, 102-44 o Reporting practice: 102-46 to 102-52, 102-54, 102-55

Topic-specific Standards Economic o Effluents & Waste: 306-2 o Anti-corruption: 205-2 o Environmental Compliance: 307-1 Environmental Social o Energy: 302-1 o Employment: 401-1* o Water: 303-1, 303-3 o Local Communities: 413-1 * Only for permanent o Emissions: 305-1, 305-2, 305-4 o Socio-Economic Compliance: 419-1 employees

KPMG Assurance and Consulting Services LLP, an Indian limited KPMG (Registered) (a partnership firm with Registration No. BA-62445) Registered Office: Lodha liability partnership and a member firm of the KPMG network of converted into KPMG Assurance and Consulting Services LLP (a Excel us, 1st Floor Apollo Mills independent member firms affiliated with KPMG International Limited Liability Partnership with LLP Registration No. AAT-0367), with Compound,N. M. Joshi Marg, Cooperative ("KPMG International"), a Swiss entity effect from July 23, 2020 Mahalaxmi, Mumbai - 400 011 REPORTING COMPANY SUSTAINABILITY DRIVEN BY PRODUCT ECONOMIC ENVIRONMENTAL SOCIAL ANNEXURES 216 PROCESS PROFILE AND US OUR PEOPLE STEWARDSHIP PERFORMANCE PERFORMANCE PERFORMANCE

GRI 102-56

Limitations

The assurance scope is subject to the following limitations:

Disclosures other than those mentioned under the scope above. Data and information outside the defined reporting period. The Company’s financial performance. The Company’s statements that describe expression of opinion, belief, aspiration, expectation, aim to future intention provided by the Company and assertions related to Intellectual Property Rights and other competitive issues. Data review outside the operational sites as mentioned in the boundary above. Strategy and other related linkages expressed in the Report. Mapping of the Report with other reporting frameworks.

Assurance Procedure

Our assurance processes involve performing procedures to obtain evidence about the reliability of specified disclosures. The nature, timing and extent of procedures selected depend on our judgement, including the assessment of the risks of material misstatement of the selected sustainability disclosures whether due to fraud or error. In making those risk assessments, we have considered internal controls relevant to the preparation of the Report in order to design assurance procedures that are appropriate in the circumstances.

Our assurance procedure also included:

Desk review for six months data pertaining to environmental indicators as per GRI standards Assessment of M&M Limited’s reporting procedures regarding their consistency with the application of GRI Standards Evaluating the appropriateness of the quantification methods used to arrive at the sustainability disclosures presented in the report Review of systems and procedures used for quantification, collation, and analysis of sustainability disclosures included in the Report Understanding the appropriateness of various assumptions, estimations and materiality thresholds used by Company for data analysis Discussion with the personnel responsible for the evaluation of competence required to ensure reliability of data and information presented in the report Assessment of data reliability and accuracy

The selected performance data for the financial year 2019-20 was reviewed through physical site visits and virtual interactions through screen sharing tools at the corporate office and selected sample locations.

Physical site visits were conducted for the following locations:

M&M Limited (Mumbai (Igatpuri) – Auto Division, Rudrapur – Farm Division, Chandigarh Plant 1 and 2 - Swaraj Division, Pune (Kanhe) – Spare Business Unit) Mahindra & Mahindra Financial Services Limited (, Ahmedabad) Mahindra World Cities (Jaipur) Mahindra Holidays & Resorts India Ltd. (Ashtamudi) Mahindra Logistics Limited (Mumbai (Goregaon)) Tech Mahindra Limited (Hyderabad, Chandigarh, Pune) Mahindra Intertrade Limited (Vadodara) Mahindra First Choice Services Limited (Mumbai (Bhandup, Andheri)) Mahindra Lifespace Developers Limited (Mumbai (Kandivali, Worli)) Mahindra Susten Pvt. Ltd. (Charanka) MAHINDRA SUBSIDIARIES SUSTAINABILITY & ASSOCIATES PERFORMANCE 19/20 217

GRI 102-56

Virtual interactions were conducted for the following locations:

M&M Limited (Mumbai (Kandivali) – Auto Division, Mumbai (Kandivali) – Farm Division) Mahindra & Mahindra Financial Services Limited (Mumbai (Worli)) Mahindra Electric Mobility Limited (Bengaluru) Mahindra Logistics Limited (Cochin) Mahindra Intertrade Limited (Mumbai (Worli)) Mahindra Susten Pvt. Ltd. (Mumbai (Thane))

Conclusions

We have reviewed selected non-financial disclosures in the Report of M&M Limited. Based on our review and procedures performed, nothing has come to our attention that causes us not to believe that the sustainability data and information as per the scope of assurance presented in this Report is appropriately stated in all material respects, and in accordance with reporting criteria.

We have provided our observations to the Company in a separate management letter. These, do not, however, affect our conclusions.

Independence

The assurance was conducted by a multidisciplinary team including professionals with suitable skills and experience in auditing environmental, social and economic information in line with the requirements of ISAE 3000 standard. Our work was performed in compliance with the requirements of the IFAC Code of Ethics for Professional Accountants, which requires, among other requirements, that the members of the assurance team (practitioners) be independent of the assurance client, in relation to the scope of this assurance engagement, including not being involved in writing the Report. The Code also includes detailed requirements for practitioners regarding integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. KPMG has systems and processes in place to monitor compliance with the Code and to prevent conflicts regarding independence. The firm applies International Standard of Quality Control (ISQC1) and the practitioner complies with the applicable independence and other ethical requirements of the IESBA code.

Responsibilities

M&M Limited is responsible for developing the Report contents. M&M Limited is also responsible for identification of material sustainability topics, establishing and maintaining appropriate performance management and internal control systems and derivation of performance data reported. This statement is made solely to the Management of M&M Limited in accordance with the terms of our engagement and as per scope of assurance. Our work has been undertaken so that we might state to M&M Limited those matters for which we have been engaged to state in this statement and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M&M Limited for our work, for this report, or for the conclusions expressed in this independent assurance statement. The assurance engagement is based on the assumption that the data and information provided to us is complete and true. We expressly disclaim any liability or co-responsibility for any decision a person or entity would make based on this assurance statement. Our report is released to M&M Limited on the basis that it shall not be copied, referred to or disclosed, in whole or in part, without our prior written consent. By reading this assurance statement, stakeholders acknowledge and agree to the limitations and disclaimers mentioned above.

Prathmesh Raichura Executive Director KPMG Assurance and Consulting Services LLP 11th November 2020 GRI CONTENT INDEX

GENERAL STANDARD DISCLOSURES

GRI Standard Disclosure Text of the Disclosure Page no./ Externally Number Explanation Assured

GRI 101: Foundation 2016 (GRI 101 does not include any disclosure) GENERAL DISCLOSURES

GRI 102: General GRI 102-1 Name of the organization Front Page, 05, Externally assured Disclosures 2016 06, 139-146

GRI 102-2 Activities, brands, products, and services 05-11, 140-146 Externally assured

GRI 102-3 Location of headquarters 33 Externally assured

GRI 102-4 Location of operations 05, 18 Externally assured

GRI 102-5 Ownership and legal form 05-09, 33 Externally assured

GRI 102-6 Markets served 18 Externally assured

GRI 102-7 Scale of the organization 05 Externally assured

GRI 102-8 Information on employees and other 83-99, 159-161 Externally assured workers

GRI 102-9 Supply chain 75-78, 177, 192 Externally assured

GRI 102-10 Significant changes to the organization 75-78 Externally assured and its supply chain GRI 102-11 Precautionary Principle or approach 45-68 Externally assured

GRI 102-12 External initiatives 10, 26 Externally assured

GRI 102-13 Membership of associations 10, 26 Externally assured

GRI 102-14 Statement from senior decision-maker 1-4 Externally assured

GRI 102-16 Values, principles, standards, and norms 06, 22-25 Externally assured of behavior

GRI 102-18 Governance structure 22-26 Externally assured

GRI 102-22 Composition of the highest governance Externally assured body and its committees GRI 102-40 List of stakeholder groups 34, 149 Externally assured

GRI 102-41 Collective bargaining agreements 95, 160 Externally assured

GRI 102-42 Identifying and selecting stakeholders 38 Externally assured GRI 102-43 Approach to stakeholder engagement 38 Externally assured

GRI 102-44 Key topics and concerns raised 39 Externally assured

For the Materiality Disclosures Service, GRI Services reviewed that the GRI content index is clearly presented and the references for Disclosures 102-40 to 102-49 align with appropriate sections in the body of the report GRI Standard Disclosure Text of the Disclosure Page no./ Externally Assured Number Explanation

GRI 102: General GRI 102-45 Entities included in the consolidated 33, 140 Externally assured Disclosures 2016 financial statements

GRI 102-46 Defining report content and topic 33, 139-140 Externally assured Boundaries

GRI 102-47 List of the material topics 39 Externally assured GRI 102-48 Restatements of information No such Externally assured information

GRI 102-49 Changes in reporting No such Externally assured information

GRI 102-50 Reporting period 33, 139 Externally assured

GRI 102-51 Date of most recent report Sustainability Externally assured Report 2018-19

th GRI 102-52 Reporting cycle 13 Reporting Externally assured cycle

GRI 102-53 Contact point for questions regarding the 33, 140 Externally assured report

GRI 102-54 Claims of reporting in accordance with the 33, 140, Last Externally assured GRI Standards page

GRI 102-55 GRI content index 218 Externally assured

GRI 102-56 External assurance 215-217 Externally assured

Economic Performance

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management Approach 2016 boundary GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 201: GRI 201-1 Direct economic value generated and 12-16, 174-177 Externally assured Economic Performance distributed 2016 GRI 205: Anti- GRI 205-2 Communication and training about anti- 26 Externally assured Corruption 2016 corruption policies and procedures Energy

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management Approach 2016 boundary GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 303: Water GRI 303-1 Interactions with water as a shared 61-65, 187-189 Externally assured and Effluents 2018 resource GRI 303-3 Water withdrawal 63, 189 Externally assured

Emissions

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management Approach 2016 boundary GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 305: GRI 305-1 Direct (Scope h) GHG emissions 48-49, 182-183 Externally assured Emissions 2016

GRI 305-2 Energy indirect (Scope 2) GHG emissions 48-49, 182-183 Externally assured

GRI 305-3 Other indirect (Scope 3) GHG emissions 49, For Externally assured subsidiaries not included in the scope

GRI 305-4 GHG emissions intensity 48-49, 182-183 Externally assured

GRI 305-5 Reduction of GHG emissions 48-49, 182-183 Externally assured

GRI 305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), 59, For Externally assured and other significant air emissions subsidiaries not included in the scope Effluents and Waste

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 306: Effluents GRI 306-1 Water discharge by quality and destination 61-64 Externally assured and Waste 2016

GRI 306-2 Waste by type and disposal method 67-69, 190-191 Externally assured

GRI 306-3 Significant spills 69 Externally assured GRI 307: GRI 307-1 Non-compliance with environment laws 26-72 Externally assured Environmental and regulations Compliance 2016 Supplier Environmental Assessment

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 308: Supplier GRI 308-1 New suppliers that were screened using 75-78 Externally assured Environmental environmental criteria Assessment 2016 GRI 308-2 Negative environmental impacts in the 75-78 Externally assured supply chain and actions taken

Employment

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194

GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 401: GRI 401-1 New employees hires and employee 97, 160 Externally assured Employment 2016 turnover

Occupational Health and Safety

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 79 Externally assured

GRI 403: GRI 401-1 New employees hires and employee 97, 160 Externally assured Occupational turnover Health and Safety 2018 GRI 403-2 Hazard identification, risk assessment, and 79-82 Externally assured incident investigation

GRI 403-3 Occupational health services 79-82 Externally assured

GRI 403-4 Worker participation, consultation, and 79-82 Externally assured communication on occupational health and safety GRI 403-5 Worker training on occupational health 79-82 Externally assured and safety GRI 403-6 Promotion of worker health 79-82 Externally assured

GRI 403-7 Prevention and mitigation of occupational 79-82 Externally assured health and safety impacts directly linked by business relationships GRI 403-8 Workers covered by an occupational 79-82 Externally assured health and safety management system

GRI 403-9 Work-related injuries 82 Externally assured

GRI 403-10 Work-related ill health 83 Externally assured

Diversity and Equal Opportunity

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 45, 47, 61, 100, Externally assured 101, 154, 163, 194 GRI 405: Diversity GRI 405-1 Diversity of governance bodies and 23-24, 86-87 Externally assured and Equal employees Opportunity 2016 Local Communities

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 122, 194 Externally assured

GRI 413: Local GRI 413-1 Percentage of operations with 100, 122-137, Externally assured Communities 2016 implemented local community 168-169, 194- engagement, impact assessments, and/or 210 development programs. GRI 413-2 Operations with local community 100, 122-137, Externally assured engagement, impact assessments, and 168-169, 194- development programs 210 Customer Health and Safety

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 102, 163 Externally assured GRI 416: Customer GRI 416-2 Incidents of non-compliance concerning 115, 116 Externally assured Health and Safety the health and safety impacts of products 2016 and services Marketing and Labeling

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194 GRI 103-3 Evaluation of the management approach 102, 163, 115 Externally assured

GRI 417: Marketing GRI 417-1 Requirements for product and service 115, 116 Externally assured and Labeling 2016 information and labeling

GRI 417-2 Incidents of non-compliance concerning 115, 116 Externally assured product and service information and labeling Socioeconomic Compliance

GRI 103: GRI 103-1 Explanation of the material topic and its 39-40 Externally assured Management boundary Approach 2016 GRI 103-2 The management approach and its 45, 47, 61, 100, Externally assured components 101, 154, 163, 194

GRI 103-3 Evaluation of the management approach 26, 72, 115 Externally assured

GRI 419: GRI 419-1 Non-compliance with laws and regulations 26, 72, 115 Externally assured Socioeconomic in the social and economic area Compliance 2016

MAHINDRA & MAHINDRA LTD. Gateway Building, Apollo Bunder, Mumbai 400 001, India. www.mahindra.com

Please e-mail your suggesons/views/opinions to [email protected]

150+ COMPANIES. 100 PRODUCTS. 1 NUMBER

This report has been prepared in accordance with the GRI standards: Core Opon.

All figures in the report are current as of 31st March, 2020.