Climate Change Data

Environmental Metrics

ESG Focus Areas

• Ethics, Transparency, and Accountability
• Product Safety and Sustainability
• Employee Well-being
• Stakeholder Responsiveness
• Human Rights
• Environmental Protection
• Responsible Public Policy Influence
• Inclusive Growth and Equitable Development
• Responsible Customer Engagement

Environmental Achievements

• Replaced water-cooled air dryer with an air-cooled dryer, saving power and reducing carbon footprint.
• Installed an energy-efficient cooling tower for CRDI engine testing.
• Implemented ultra-filtration of ETP discharge and reused it in lavatories, reducing groundwater extraction.
• Introduced an online cleaning process for hydraulic oil, reducing replenishment frequency.

Social Achievements

• Various CSR initiatives including skill development, healthcare support (medical mobile unit), Swachh Bharat program, and contributions to government hospitals.
• Provided safety and skill upgradation training to 92% of permanent employees, 100% of permanent women employees, and 100% of casual/temporary/contractual employees.

Governance Achievements

• Company has a Code of Conduct for Directors and employees covering ethics and bribery, extending to business associates.
• Annual affirmation on compliance with the Code of Conduct is taken from the Board and Senior Management.

Climate Goals & Targets

Environmental Challenges

• Tracking reduction in energy consumption by consumers due to fuel efficiency improvements is not feasible.

Mitigation Strategies

• Continuous engagement with suppliers through meetings and business reviews to promote sustainable practices.

Supply Chain Management

Supplier Audits: Selective audits conducted annually.

Responsible Procurement

• Optimizing logistics, returnable packaging, and ensuring sustainable sourcing methods.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business (NVGs)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 50001:2011, ISO 45001:2018

Sustainable Products & Innovation

• Diesel engines designed with consideration for environmental norms, including emissions and noise regulations.

Environmental Metrics

ESG Focus Areas

• Carbon footprint reduction
• Carbon neutrality
• Water positive
• Renewable energy
• Sustainable Development Goals (SDGs) through CSR Management
• Waste management
• Health and Safety
• Sustainability Capability building
• Green supply chain

Environmental Achievements

• Reduced specific carbon footprint by 13% compared to the 2018 baseline.
• Reduced specific electrical consumption by 10.68 KWH/Engine compared to the 2018 baseline.
• Increased recycled water by 7273 KL (27% increase from 2018 baseline).
• Reduced specific water consumption by 51% compared to the 2018 baseline.
• Increased rainwater harvesting by 3000 KL.
• Achieved 46% of the EP100 target (doubling energy productivity) 5 years ahead of schedule.

Social Achievements

• Organized safety week celebrations with 100+ participants.
• Planted 5000+ trees.
• Benefited 1000+ women through training programs (tractor driving, farming, stitching, etc.).
• Provided health & well-being services to 15000+ beneficiaries.
• Increased women diversity in the workforce from 8 in 2020-21 to 39 by March 2022. Two production lines are now exclusively managed by women.

Governance Achievements

• Established a sustainability structure with a Sustainability Cell, Champions, and Advocates.
• Implemented a sustainability policy signed by the CEO.
• Maintained zero reportable accidents for over 3 years and one non-reportable accident in FY22.

Climate Goals & Targets

Environmental Challenges

• Reducing carbon emissions across Scope 1, 2, and 3.
• Becoming water positive.
• Improving energy productivity.
• Managing waste effectively.

Mitigation Strategies

• Implemented various energy conservation projects (e.g., programmable timers, centralized switching, occupancy sensors).
• Implemented water conservation projects (e.g., air-cooled compressors, MC water utilization, closed-loop systems).
• Recycled over 75% of waste through various processes.
• Implemented fire safety projects (e.g., sprinkler systems, fire extinguishers).

Supply Chain Management

Supplier Audits: 35 suppliers received awareness modules; assessment criteria prepared.

Responsible Procurement

• Majority of suppliers use returnable packaging.
• Over 90% reduction in single-use plastic in downstream activities.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Energy conservation projects.

Reporting Standards

Frameworks Used: GRI G4

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 5 (Gender Equality)
• SDG 3 (Good Health and Well-being)

Women empowerment programs and health initiatives.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint; working on alternate energy sources, water recycling, and enhanced use of returnable packaging to minimize waste and maximize reuse; planted 5000 trees in FY24; achieved a carbon footprint of 0.057 Tonnes/Engine in FY24; achieved water usage of 0.332 KL/Engine in FY24

Social Achievements

• Various initiatives benefiting society; focus on education (including vocational skills training), public health, environment, and community welfare; encouraged a diverse, inclusive, and vibrant work environment; implemented POSH policy and resolved one complaint

Governance Achievements

• Practicing good corporate governance, disclosure, and transparency; implemented a whistle-blower policy; zero-tolerance policy for bribery and corruption; adherence to strong ethical standards; Code of Conduct for Directors & Employees

Climate Goals & Targets

Environmental Challenges

• Ethical behavior, governance, and compliance risks; potential for non-compliance leading to litigation and brand reputation impact

Mitigation Strategies

• Adherence to strong ethical standards; well-defined code of conduct for directors and employees; whistle-blower policy; various measures to meet compliances

Supply Chain Management

Supplier Audits: 100%

Responsible Procurement

• Optimizing logistics, returnable packaging; ensuring suppliers adhere to environmental, social, and human rights regulations; Mahindra supplier Code of Conduct

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: NGRBC

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO 45001:2018

Third-party Assurance: Not Applicable