Alternativism' a L T E R N a T I V I S M Is a State of Mind, a Readiness to Experiment, a Commitment to Think and Act Differently
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N A T I V I S M MAHINDRA & MAHINDRA LTD. SUSTAINABILITY REPORT FY 2018-19 The biggest barrier to mass adoption of sustainability is not consumer awareness or attitudes. There is overwhelming evidence demonstrating the public’s desire to address climate change through their daily behaviour and choices. The bottleneck is the non-availability of alternatives that are sustainable, viable, accessible and affordable. The lack of alternatives is in part exacerbated by conventional, orthodox thinking being applied to environmental and social issues. Rather than existing business models and approaches, true sustainability will only be achieved through unconventional, alternative thinking, with respect to living styles, business models, production, materials, infrastructure, commercial propositions, valuations, etc. TRUE 'ALTERNATIVISM' A L T E R N A T I V I S M IS A STATE OF MIND, A READINESS TO EXPERIMENT, A COMMITMENT TO THINK AND ACT DIFFERENTLY. TO CHALLENGE LEGACY AND DEVELOP ALTERNATIVE SOLUTIONS THAT ALIGN MAHINDRA & MAHINDRA LTD. TO A LARGER TRUTH. SUSTAINABILITY REPORT FY 2018-19 S E X E C U T I V E 01 M E S S A G E S T N E R E P O R T I N G 05 P R O C E S S T N C O M P A N Y O 06 P R O F I L E C C O R P O R A T E 13 G O V E R N A N C E S U S T A I N A B I L I T Y 16 A N D U S D R I V E N B Y 28 O U R P E O P L E P R O D U C T 48 P E R F O R M A N C E E C O N O M I C 63 P E R F O R M A N C E E N V I R O N M E N T A L 70 P E R F O R M A N C E S O C I A L 88 P E R F O R M A N C E SUSTAINABILITY SNAPSHOT SUBSIDIARIES & ASSOCIATES 106 Refer comprehensive report online 162 A N N E X U R E S Comprehensive report available on: www.mahindra.com/resources/pdf/sustainability/ Mahindra-Sustainability-Report-2018-19.pdf 01 M E S S A G E F R O M T H E C H A I R M A N ‘Alternativism’ at Mahindra Today's consumers are well informed and deeply concerned about environmental and We see ‘Alternativism’ as a social issues, present and probable. They are keen to play their part. This gives businesses, a responsibility as well as an opportunity to fountainhead of incredible provide consumers with opons that are true alternaves. Businesses need to create and propagate products and services, that opportunities across each component along with being sustainable, are affordable and easily available. of the triple bottom line. The practice At Mahindra, our endeavour is to empower people to Rise, by bringing true alternaves of ‘Alternativism’ will be key to turning to the market, enabling consumers to make the conscienous choices that they so desire to make. For every product, process sustainability into a mass movement and possibility, we pracce what we call 'Alternavism' - a commitment to think and act differently, to develop true alternave and giving ourselves a realistic chance soluons that align to a larger truth about the environment, society and consumer behaviour. of achieving the SDGs. MAHINDRA & MAHINDRA LTD. SUSTAINABILITY REPORT 2018-19 02 Team Mahindra is playing its part. New Age businesses focussing on sustainability such as solar power and electric vehicles are an important part of our business porolio. Our EVs extend across the spectrum, from the affordable e2o to the Pininfarina Basta, which is an amalgamaon of luxury, speed and sustainability. We aim to pracce ‘Alternavism’ in every way we can, by eliminang the construct that sustainability must be accompanied by compromise. In this regard, our efforts on the product front are visible and well recognised. Sustainable processes however, are less visible to the world at large. Through this report I am proud to share that even on the process front, team Mahindra is seng new benchmarks in sustainability. Here are some highlights. PLANET PEOPLE PROFIT In line with the Paris Agreement goal of We have always encouraged our people to Despite the slowing down of domesc liming global warming to less than 2°C above challenge convenonal constructs and economic acvity through the year and the pre-industrial levels, we are taking on embrace innovave thinking to drive auto sector facing significant headwinds, we aggressive carbon footprint reducon targets sustainability and deliver value. This steadfast recorded an increase in revenue from and are commied to be Carbon Neutral as a focus on giving employees the freedom to operaons as well as profits, before and aer Group by 2040. 20 Mahindra companies innovate, and the opportunies to learn and expenses. have already signed the Science Based grow, earned us the 13th rank in the 'Best Targets iniave (SBTi) in FY 2019. Companies to Work for in India 2019' by In fact, in this financial year, we not only Business Today. reported the highest ever domesc During the reporng period, we also achieved automove volumes, but also the highest our target of reducing specific emissions by The year also saw the formaon of Group ever domesc tractor volumes and the 25% over the 2016 baseline. We also and Sector-level Diversity Councils, and the highest ever exports from automove sector. increased our total renewable energy launch of a Women Leaders Programme consumpon by 76% as compared to last year. (WLP) to enhance gender diversity in our We are well poised to meet the BSVI deadline workforce and build a robust pipeline of of April 01, 2020 as well as the growth in Our water recharge capacity increased from mid-level women leaders across the Group. demand for EVs, with suitable products in all 0.0322 million m3 last year, to approximately segments including 3-wheelers, passenger 0.10 million m3 in FY 2018-19. AD and FES We work to empower not only our employees, cars and commercial vehicles. recycled and reused 30% and 40% of their but also local communies. Our CSR water respecvely. contribuons stood at INR 93.50 crore in FY 2018-19. The key focus areas were Doing well by doing good is the credo that Recycle and reuse also helped minimise the educaon, health and skill building. 165,291 guides us. We will connue to demonstrate amount of 'waste to landfill' from our girl children were taken into Project Nanhi that business profitability, and responsibility operaons. Eight locaons across M&M were Kali's fold this year, raising the total count to to the environment and community, cerfied as Zero Waste to Landfill (ZWL) and 350,000. Medical camps conducted through go hand-in-hand. other locaons are well on their way to the Lifeline Express programme benefied achieving similar statuses. 11,119 individuals in FY 18-19, taking the total tally to 110,175. This year, Mahindra Pride Under our flagship iniave Hariyali, we Schools provided livelihood training to 6,561 planted close to a million addional trees this underprivileged youth, bringing the year, taking the total tally of the Group to cumulave total ll date to 33,235. Anand G. Mahindra 16.41 million trees, ll date. Chairman, Mahindra Group 03 M E S S A G E F R O M T H E C H A I R M A N, G R O U P S U S T A I N A B I L I T Y C O U N C I L Years of Alternave Thinking at Mahindra has resulted in sustainability Alternative Thinking has become native at residing at the core of our business strategy. It drives investments and Mahindra, it has become a distinctive decision making, helps evaluate and choose operaonal processes and guides new product development. practice, a driving ecosystem, and a well-accepted philosophy. It is now an 'ism' - Alternativism, and the same is reected as the theme of this year's sustainability report. The report summarises the interrelated progress we have made in the three areas of people, planet, and prot. MAHINDRA & MAHINDRA LTD. SUSTAINABILITY REPORT 2018-19 04 ENGAGING SUPPLY CHAIN M&M received a CDP score of A- in Water. It EMPLOYEES SUSTAINABILITY is noteworthy that two of our plants, MVML Chakan and AD Igatpuri, do not draw water It is the people in Mahindra who drive Our supply chain is a crucial enabler in from municipal corporaons and are running 'Alternavism'. They are the ones who building a sustainable business. Every year we without dependency on any external water develop innovave approaches that deliver undertake important sustainability iniaves source. posive change. To reinforce the tenets of like awareness, training, capacity building and Alternavism and enhance its behavioural assessment, to enhance the sustainability On the waste front, we are creang a pracce, even in their personal lives, we quoent of our supply chain. restorave, zero-waste economic model in organised several iniaves like 'Mahindra which raw materials are used to their full Earth Warriors' - Sustainability Housie Game, In the reporng year, 193 parcipants capacity and natural systems are regenerated. Sustainability Quiz, Personal Carbon Count, aended our supplier sustainability Overall, 67% of M&M's hazardous waste sale of LED lights, compeon to reduce awareness sessions, taking the total number generated got recycled in the reporng year.