Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environmental Impact
• Farmer Prosperity

Environmental Achievements

• Water savings of 75% to 80% and a 25% to 30% increase in yield by using micro-irrigation.

Social Achievements

• Improved farmer prosperity through increased yields and lower input costs.
• Focus on customer satisfaction.

Governance Achievements

• Focus on cost reduction and efficient working capital management.
• Increased market share year-on-year in key markets.

Climate Goals & Targets

Environmental Challenges

• Industry decline of around 25% in H1 2023, largely due to a drop in Tamil Nadu and delays in subsidy releases in Maharashtra.
• Increased raw material costs (24% in Q2).
• Incessant rains in Maharashtra impacting installations.

Mitigation Strategies

• Focusing on profitable markets and drip irrigation.
• Cost reduction initiatives.
• Price increases in Gujarat, Telangana, Chhattisgarh, Tamil Nadu, and Andhra Pradesh.
• Efficient working capital management (reduced debtors by almost 40 crores).

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Achieved Stage 4 in The Mahindra Safety Way Assessment Cycle-6 – 1500+ Zero Accident Days
• Focus on reducing the generation of effluent treated water and 100% internal consumption.
• Zero Liquid Discharge plant

Social Achievements

• Providing a needs-based and innovative range of training courses (Training need fulfilment @ 87% for the year)
• Providing programmes that are specifically designed for roles which require upgraded skills
• Enhance customer satisfaction: Measured through Third Party Survey done periodically by M&M Group Strategy Office

Governance Achievements

• The CSR Committee of the Board evaluates the Company’s social, environmental, governance, and economic obligations.
• ESG/Sustainability initiatives of the Company and Roadmap with specific goals and targets are under development.

Climate Goals & Targets

Environmental Challenges

• Disaster recovery (Business interruption due to natural calamities)
• Health, safety and environment (Non-compliance with safety measures)
• Data protection (Risk of confidential data leakage)
• Sustained performance & quality (Risk of the customer being lost)
• Brand risk/reputation (Risk of threat or danger to the name or standing of business)

Mitigation Strategies

• Adequate protection against calamities including appropriate insurance
• Introduced adequate mitigation for interruptions due to pandemic situations
• Decentralized manufacturing, Alternate vendors developed near manufacturing/supply locations
• Strict adherence to safety norms.
• All system access are reviewed periodically & data leakage prevention (DLP) system are implemented
• Restricted data access control & data encryption to monitor work from home activities
• Enhance customer satisfaction through various initiatives
• Brand-building activities are an ongoing process

Supply Chain Management

Supplier Audits: monthly two suppliers’ audit

Responsible Procurement

• Sourcing from large corporates with sustainability standards

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: BRSR

Certifications: BIS, ISO 9001:2015, TMW - Stage 5

Third-party Assurance: Not disclosed