Home >> Resource Center >> Mahindra Group launches its 9th Annual Sustainability Report -Shifts sustainability narrative from conservation to rejuvenation
Mahindra Group launches its 9th Annual Sustainability Report -Shifts sustainability narrative from conservation to rejuvenation

India CSR News Network

MUMBAI: Mahindra Group today launched the 9th edition of its annual Sustainability Report at their General Executive Board Meeting. The report, conforming to the GRI G4–Core guidelines, the fourth generation in transparent Sustainability reporting, has also reported on the 10 point India Business & Biodiversity Initiative (IBBI) declaration for the first time. This shows Mahindra’s willingness to work on biodiversity and its sustainable use in its operations and beyond towards rejuvenation of India’s biodiversity.

The theme, ‘We love positive disruption’ takes its inspiration from the idea that sustainability lies in developing a feasible alternative to conservation, to ensure that we do not paralyze progress by the scare of scarcity, but go in hot pursuit of plenty.

According to Anirban Ghosh, Chief Sustainability Officer, Mahindra Group, “The success of sustainability lies in rejuvenating our natural resources and our businesses in the new context of climate change. Our experience with multiple programs in renewable energy, energy efficiency, integrated watershed development, afforestation and bio-diversity strengthens this belief. Sustainability must lead to better livelihood for the people, only then will it be sustainable.”

The sustainability report includes the important milestones achieved by the company for 2015-16. Mahindra and Mahindra Ltd, became the first company in the world to join The Climate Group’s worldwide program, EP100, a commitment to double energy productivity by 2030. In addition, Mahindra & Mahindra Ltd. has announced an internal carbon price to work towards reducing its carbon footprint. Actions like these have consolidated the company’s leadership position in the sustainability space. Mahindra & Mahindra, Mahindra Finance and Tech Mahindra feature on the Carbon Disclosure Leadership Indices with Tech Mahindra being one of only two Indian companies in the A List. Tech Mahindra is also listed on the World Leadership Index of the Dow Jones Sustainability Index while Mahindra & Mahindra and Mahindra Finance are listed on the Emerging Market Index for the fourth year.

Diverse initiatives were taken in the year across all sectors to achieve cumulative energy savings of 150,578 GJ. With water security posing a risk to India’s economic growth story Mahindra has undertaken aggressive actions on the water conservation front. The Group consumed 6, 67,505 million m3 of water less than its previous year’s consumption. Additionally, the micro-irrigation systems installed by the company in the state of Gujarat alone saved 8.4 million m3 of water in a year and thus the Mahindra Group continues to be Water Positive.

Mahindra has spent Rs 1,851.10 million on social initiatives, which is above the 2% mandated by the Company Act, in corporate social responsibility projects.

This reflects Mahindra’s continued commitment towards the wider community. Some of the programs by which Mahindra gives back to society are Nanhi Kali, Lifeline Express, watershed development, Hunnar, amongst others. In the past year, 120,466 Nanhi Kalis got access to education. Over 38,862 employees across the Group contributed more than 253,119 person hours towards employee-driven social initiatives under the ESOPs program (Employee Social Options).

The report can be downloaded from: http://www.mahindra.com/resources/pdf/sustainability/Mahindra-Report-2015-16.pdf

The Mahindra Group focuses on enabling people to rise through solutions that power mobility, drive rural prosperity, enhance urban lifestyles and increase business efficiency.

A USD 17.8 billion multinational group based in Mumbai, India, Mahindra provides employment opportunities to over 200,000 people in over 100 countries. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, financial services and vacation ownership. In addition, Mahindra enjoys a strong presence in the agribusiness, aerospace, components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel, commercial vehicles and two wheeler industries.

In 2015, Mahindra & Mahindra was recognized as the Best Company for CSR in India in a study by the Economic Times. In 2014, Mahindra featured on the Forbes Global 2000, a comprehensive listing of the world’s largest, most powerful public companies, as measured by revenue, profit, assets and market value. The Mahindra Group also received the Financial Times ‘Boldness in Business’ Award in the ‘Emerging Markets’ category in 2013.

the author

India CSR (indiacsr.in) is a news portal in the domain of CSR, live since 2009. India CSR welcomes your stories, comments on issues that interest you, feedback, comments from your side to make it more purposeful and resourceful, will carried in. indiacsr.in is designed, updated and maintained by CSR India Corporate Social Services Pvt Ltd. (CIN: U93000CT2012PTC000120). Contents available at indiacsr.in are non-fiction. Though all efforts have been made to verify the accuracy of the content on this website, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the indiacsr.in and/or source(s). Twiteer: https://twitter.com/INDIACSR. Find updates at https://www.facebook.com/indiacsrnetwork Statement, articles, views and contributions can be sent to editor@indiacsr.in.

Leave a Reply

Your email address will not be published. Required fields are marked *

  • Contact

    India CSR News Network

    CSR India Corporate Social Services Pvt Ltd

    CIN: U93000CT2012PTC000120

    Registered Office: House No.222, Krishna Vatika, Boirdadar, Raigarh - 496001 (Chhattisgarh) INDIA

    Mumbai: India CSR, 208, Sangeet Palaza, Marol Naka, Andheri East, Mumbai - 400059

    New Delhi: India CSR, M-65, Panther Lane, GK-1, New Delhi

    M: 91 (0) 99810 99555 (Rusen Kumar)

    E: editor@indiacsr.in (Only editorial)

    E: info@indiacsr.in (Only business proposal)

    W: www.indiacsr.in

  • About Us

    We welcome your feedback, comments, suggestions and ideas. We are also interested in finding new data sources, sponsors for our site and our partner sites, and organizations who would like to work with IndiaCSR to help change the world. The website has been founded by stalwarts from the industry and is growing steadily to become an inspiring network of business people working towards the common goal of sustainability. Mission: Our mission is to support practitioners and organizations in building responsible and sustainable business in India and in this way to contribute to sustainable development of societies at large.
  • Privacy Policy

    What is this Privacy Policy for?

    This privacy policy is for this website and served by IndiaCSR and governs the privacy of its users who choose to use it. The policy sets out the different areas where user privacy is concerned and outlines the obligations & requirements of the users, the website and website owners. Furthermore the way this website processes, stores and protects user data and information will also be detailed within this policy.

    read more..

  • Partner with us

    Whether it’s through our B2B or CSR partnership programs, partnering with India CSR can help you to increase business network, build your brand, and expand your reach worldwide. India CSR has always believed in the advancement of information technology & communication, learning, and education, playing a key role within those knowledge communities for generations.

    read more..