Climate Change Data

Environmental Metrics

ESG Focus Areas

• Sustainable Habitats
• Climate Change
• Resource Efficiency
• Community Well-being
• Employee Well-being
• Governance

Environmental Achievements

• Mahindra World City, Chennai certified as Zero Waste to Landfill
• 13% reduction in Scope 1 and 2 emissions (with 2018 as the base year) in residential projects
• 4.5% reduction in Scope 3 emissions (with 2018 as the base year) in residential projects
• 60% of on-site renewable energy generated for common area lighting in residential projects
• 14% reduction in Scope 1 and 2 emissions (absolute and intensity) of MWC Chennai (with 2018 as base year)
• 13% reduction in Scope 1 and 2 emissions (absolute and intensity) of MWC Jaipur (with 2018 as base year)

Social Achievements

• Launched ‘Making Sustainability Personal’ program to encourage employee participation in sustainability
• 90% of employees vaccinated with the first dose
• Initiated vaccination of the labor force at project sites
• Zero cases of fatalities or reportable injuries
• Implemented interventions in education, skill development, health, and environment
• 11,333 citizens reached through Green Army
• 605 residential units handed over
• Maintained customer experience index score at 65

Governance Achievements

• Integrated sustainability into the existing governance structure
• Implemented stringent health and safety measures at offices and construction sites
• Streamlined processes related to contractual obligations with customers and litigations
• Zero incidents of anti-competitive behavior or corruption

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic impacting operations, supply chain, and demand
• Climate change, environmental degradation, biodiversity loss
• Water scarcity
• Accelerated biodiversity loss
• Increased business interruption and damage due to extreme weather
• Reduced market demand for fossil-intensive products
• Growing expectations for responsible conduct
• Reduction in demand and slow economic performance
• Decline in sales due to lockdown restrictions
• Changes in government policies and regulations
• Increased input/operating costs for high-carbon activities

Mitigation Strategies

• Implemented stringent health and safety protocols
• Business continuity planning using technology
• Innovative cooling and climate-responsive designs
• Water conservation strategies
• Innovation on net-zero buildings
• Strengthened market position through green-certified buildings
• Use of digital assets and technologies
• Proactive alignment to environment-friendly practices
• Stricter EC compliance and shift to cleaner power sources
• Net-zero buildings
• Exploring the use of internal carbon price

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Green Supply Chain Management Policy
• Supplier Code of Conduct
• Target to procure 50% of building materials within 400 km radius

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding
• Water shortage
• Higher temperatures

Transition Risks

• Regulatory changes
• Market shifts
• Reduced demand for fossil-intensive products
• Increased demand for energy-efficient products

Opportunities

• Development of energy-efficient products
• Innovation on net-zero buildings

Reporting Standards

Frameworks Used: GRI Standards: Core Option, Integrated Reporting framework, TCFD framework

Certifications: ISO 14064

Third-party Assurance: KPMG India

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• Goal 5: Gender Equality
• Goal 6: Clean Water and Sanitation
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation, and Infrastructure
• Goal 10: Reduced Inequalities
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 15: Life on Land
• Goal 17: Partnerships for the Goals

Initiatives aligned with various SDGs through education, skill development, health, environmental conservation, and sustainable construction practices.

Sustainable Products & Innovation

• Climate-responsive homes
• Green-certified buildings
• Fly ash bricks

Awards & Recognition

• fDi Global Free Zones of the Year 2020
• Best Industrial Park in Tamil Nadu – 2021
• Gold Award for OHS
• Corona Warrior Award
• Gold Award in service sector category
• Award for Corona Warriors
• One of India’s Top Builders
• First position for Sustainability Performance