Mahindra Logistics Limited
Climate Impact & Sustainability Data (2022-04 to 2023-03, 2023-04 to 2024-03)
Reporting Period: 2022-04 to 2023-03
Environmental Metrics
Total Carbon Emissions:432828.7 tCO2e/year (Scope 1,2 & 3)
Scope 1 Emissions:53.7 tCO2e/year
Scope 2 Emissions:1954 tCO2e/year
Scope 3 Emissions:429525 tCO2e/year
Renewable Energy Share:2.7%
Total Energy Consumption:10916 GJ/year
Water Consumption:9174 kl/year
Waste Generated:Insignificant quantities of non-hazardous waste
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Customer Satisfaction
- Energy Efficiency
- Employee Training and Development
- Ethics and Code of Conduct
- Renewable Energy
- Occupational Health and Safety
- Corporate Governance
Environmental Achievements
- Optimisation of energy utilization resulting in saving of 17 lakh kWh and reduction of GHG emissions of around 1228 tCO2e
- Electrifying the last mile through eDel and EV deployment
- Reducing customer carbon footprint with dedicated low carbon solutions
- Setting up Solar PV at warehouses
- Eco-pallets replacing plastic pallets
Social Achievements
- Launched a dedicated Appraisal Grievance Redressal mechanism
- Curated Sanjeevani programme for third-party employees
- Udaan - Second Career Internship Programme for women on career break
- VEER - Veteran Employment Engagement and Retention programme
- Mission 100 women programme to increase women in operations
Governance Achievements
- Strong corporate governance framework
- Comprehensive Code of Conduct covering anti-bribery, anti-corruption, and ethical handling of conflicts of interest
- Revamped IC committee with 50% women’s appointments
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality by 2040
Medium-term Goals:
- Reduce 69% of Scope 3 emissions per million km by 2033
Short-term Goals:
- Reduce 88% of Scope 1 & 2 emissions per employee by 2033
Environmental Challenges
- Increased operating costs in meeting environmental standards
- Employees deviating from ethical norms and code of conduct impacting reputation
- Health & safety incidents impacting cost, life, and reputation
Mitigation Strategies
- Commitment to carbon neutrality by 2040 and Science Based Targets initiative
- Comprehensive Code of Conduct with regular employee trainings
- ISO 45001 certification and regular safety trainings
Supply Chain Management
Supplier Audits: 100% of value chain partners assessed for health and safety practices and working conditions
Responsible Procurement
- Vendor Code of Conduct covering human rights and environmental aspects
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: UNGC Principles, UN SDGs, National Guidelines on Responsible Business Conduct (NGRBC)
Certifications: ISO 9001, ISO 14001, ISO 45001, ISO 27001, Great Place to Work (GPTW) Certified
Third-party Assurance: TUV Rheinland (ISO9001, 14001 & 45001), KPMG
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Eco-pallets
- eDel vehicles
Awards & Recognition
- Not disclosed
Reporting Period: 2023-04 to 2024-03
Environmental Metrics
Total Carbon Emissions:7,27,332 tCO2e/year (Scope 3)
Scope 1 Emissions:365 tCO2e/year
Scope 2 Emissions:6,117 tCO2e/year
Scope 3 Emissions:7,27,332 tCO2e/year
Renewable Energy Share:11%
Water Consumption:11,093 KL/year
Waste Generated:900+ Kg Plastic Waste Collected/year
ESG Focus Areas
- Decarbonizing supply chains
- Sustainable infrastructure
- Driving circularity across its business
Environmental Achievements
- 3.6 million sq. ft. of solar-powered warehouses
- Over 30 million green kilometers across its electric vehicle fleet
- 209 tCO2e Reduction Using Green Cement
Social Achievements
- Launched PRERNA, an Employee Resource Group (ERG) for women
- Implemented several initiatives to promote women's health
- Skill development training imparted to 54 LGBTQAI, 50 PWDs and 110 Women from marginalised communities
Governance Achievements
- Re-affirmed [ICRA]AA(Stable)/ [ICRA]A1+ credit ratings
- Strengthened communication and training campaigns to reinforce awareness regarding the Code of Conduct
- Successfully completed its 1st Surveillance Audit of the 2nd cycle of IMS
Climate Goals & Targets
Long-term Goals:
- Become a ₹ 10,000 crore logistics service provider
Medium-term Goals:
- Achieve carbon neutrality by 2040
Short-term Goals:
- Add another 1.3 million sq. ft. of BTS warehousing space by end of 2024-25
Environmental Challenges
- Geo-political tensions impacting ocean trade volumes
- Rising crude oil prices increasing transport costs
- Slowdown in e-commerce network expansion
- Talent and labor constraints
- Pricing pressure from customers
- Deferred Return to Office (RTO) impacting mobility
Mitigation Strategies
- Diversifying service portfolio
- Cost optimization initiatives
- Investing in technology and digital capabilities
- Expanding network of warehouses
- Focusing on value addition
- Diversifying into new business segments
Supply Chain Management
Responsible Procurement
- Sustainable Procurement
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards, International Integrated Reporting Framework
Certifications: ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, IGBC Gold & Platinum
Sustainable Products & Innovation
- Eco-Pallets
Awards & Recognition
- Best Initiatives in Gender Diversity and Inclusivity at 5th Indian Logistics & Warehousing Excellence Awards 2023
- NITIE Lakshya-Sparsha CSR Award 2023
- Best Skill Development Programme Initiative of the Year - 2023
- GOLD award at the IIM Mumbai - NITIE, LAKSHA 2023
- National Safety Council - National Safety Award 2023
- ESOPS (Non-Factory) Award at the RISE Awards 2024
- 5S Awards 2023-24
- Delivery Excellence Award at the GE Aerospace Strategic Business Partnership Meet 2023
- TOP LOGISTICS CHAMPION by ISCM Forums
- Overall Excellence Award at the CII Scale Awards 2023