Mahindra & Mahindra’s ESG mantra of Planet Positive, People Positive, and Trust Positive encapsulates its holistic approach to sustainability.
MUMBAI (India CSR): In a world grappling with climate change and social inequality, Mahindra & Mahindra Group under the leadership Anand Mahindra has emerged as a beacon of hope. Their commitment to sustainability isn’t just a buzzword – it’s woven into their very core, driving them to create a world that is not just profitable, but truly positive for people and the planet. Their journey is a testament to the power of “Together We Rise,” where progress and prosperity are achieved hand-in-hand with responsibility.
Mahindra & Mahindra (M&M), a global leader in automotive, farm equipment, and financial services, transcends the conventional definition of business success. Beyond profit and market share, M&M embraces a holistic approach to growth, guided by its powerful ESG mantra – Planet Positive, People Positive, and Trust Positive. This article delves into the core of M&M’s commitment to sustainability and its profound impact on the world.
Indian multinational Mahindra & Mahindra’s commitment to sustainability extends beyond business metrics and financial gains, recognizing the crucial role of ESG (Environmental, Social, and Governance) performance in shaping a better future. The company integrates nation-building efforts with forward-looking industries and communities, fostering collaboration and mutual empowerment. This philosophy embodies their approach to collective progress.
Ten Commitments
Mahindra & Mahindra pledges to drive social change and environmental conservation while building financial momentum. The company’s Ten Commitments include:
- Renewable Energy: Achieve 50% of electrical energy from renewable sources by 2025.
- Hariyali: Plant 5 million trees per year by 2026.
- Carbon Neutral: Implement science-based targets to achieve carbon neutrality by 2040.
- Water Positive: Maintain water positivity at the group level ongoing.
- Nanhi Kali: Educate 1 million girls per year by 2026.
- Energy Productivity: Improve energy productivity by 60% by 2026.
- Gold Standard in Governance: Achieve compliance and disclosures by 2022.
- Carbon Pricing Emphasis: Integrate carbon pricing in business decisions ongoing.
- Women Empowerment: Support 1 million women per year by 2026.
- Zero Waste to Landfill: Certify 100% of sites as zero waste to landfill by 2030.
1. Planet Positive: A Commitment to Environmental Sustainability
A Vision for a Zero-Carbon Future
Mahindra & Mahindra recognizes the urgent need to protect our planet for future generations. Its Planet Positive commitment is woven into every aspect of its operations, driving a tangible shift towards a greener future.
Mahindra & Mahindra aims to preserve natural resources, mitigate pollution, safeguard biodiversity, and nurture the environment for future generations. The company plans to scale up its electric vehicle portfolio and achieve carbon neutrality by 2040.
Renewable Energy and Carbon Neutrality
Mahindra aims to source 50% of its electrical energy from renewable sources by 2025. This transition reduces the company’s carbon footprint and sets a benchmark for sustainable industrial practices. The goal of achieving carbon neutrality by 2040 involves implementing science-based targets to minimize environmental impact.
Tree Plantation and Water Conservation
The Hariyali initiative pledges to plant 5 million trees annually by 2026, aiding carbon sequestration, supporting biodiversity, and enhancing green cover. The commitment to maintaining water positivity ensures responsible water management, contributing to local ecosystem sustainability.
Key Environmental Commitments and Targets
| Commitment | Target | Deadline |
|---|---|---|
| Carbon Neutral | Science-based targets (internal target) | By 2040 |
| Renewable Electrical Energy | 50% renewable electrical energy | By 2025 |
| Improvement in Energy Productivity | 60% improvement in energy productivity | By 2026 |
| Zero Waste to Landfill | 100% identified sites ZWL certified | By 2030 |
| Project Hariyali | Plant 5 million trees per year | By 2026 |
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2. People Positive: Social Responsibility
Empowering Communities and Individuals
M&M’s People Positive approach reflects its dedication to building a better world, not just within its operations, but beyond. It empowers communities and individuals through various initiatives.
Mahindra & Mahindra focuses on creating a diverse, inclusive, dynamic, and merit-based workplace. The company’s CSR initiatives prioritize empowering girls and women through strategic social investments and an extensive tree plantation program.
Education and Empowerment
The Nanhi Kali project aims to educate 1 million girls per year by 2026, promoting gender equality and ensuring young girls have opportunities to realize their potential. Additionally, supporting 1 million women annually by 2026 underscores the company’s dedication to women’s empowerment and economic independence.
Inclusive Workplace and Community Development
Creating a workplace that values diversity and inclusion is essential. By fostering an environment where employees from diverse backgrounds can thrive, Mahindra ensures its operations benefit from varied perspectives and innovative solutions. Community development programs extend positive influence beyond the workplace, enhancing the quality of life for local communities.
Elevating Social Impact Through Strategic CSR Initiatives
In FY24, Mahindra & Mahindra invested INR 112.74 crore in CSR initiatives aimed at delivering change at scale. Looking forward, the company’s mission remains steadfast: to construct a future that is both equitable and environmentally sustainable for all.
A key social materiality issue for Mahindra & Mahindra is CSR management, focusing on formulating community-centric policies and implementing a sustainable strategy that addresses major societal issues through projects across the nation. In alignment with the Group’s RISE Philosophy, CSR at Mahindra is an integral part of the business. The company’s defined CSR Policy outlines a strategy of investing in projects that address nation-building priorities as well as focus on local developmental needs across all its locations.
By adhering to this comprehensive approach, Mahindra & Mahindra aims to create a lasting positive impact on communities and the environment through its CSR initiatives.
Key Facts of Mahindra & Mahindra’s CSR Initiatives
| Key Fact | Details |
|---|---|
| Total CSR Investment in FY24 | INR 112.74 crore |
| Primary Mission | Constructing a future that is equitable and environmentally sustainable |
| Key Social Materiality Issue | CSR management focusing on community-centric policies |
| Major Strategic Focus | Addressing major societal issues through nationwide projects |
| Alignment with Group Philosophy | In line with Mahindra’s RISE Philosophy |
| Integral Part of Business | CSR is an integral part of Mahindra & Mahindra’s business strategy |
| Defined CSR Policy | Strategy of investing in nation-building and local developmental needs |
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3. Trust Positive: Governance and Integrity
Building a Foundation of Transparency and Accountability
Mahindra & Mahindra’s success rests on robust, equitable, and sustainable growth for all stakeholders, underpinned by unwavering governance standards. The company emphasizes transparency, accountability, integrity, and responsibility to foster trust and uphold its reputation.
Gold Standard in Governance
Achieving the gold standard in governance by 2022 reflects Mahindra’s commitment to compliance and transparency. This includes rigorous disclosures and adherence to ethical practices ensuring accountability at all operational levels.
Leadership and Global Recognition
Mahindra & Mahindra has gained a leadership role on numerous global platforms due to consistent efforts and impactful initiatives. It is the only Indian Auto OEM in the Dow Jones Sustainability Index (DJSI) for three consecutive years, ranked 4th among global auto OEMs. The company’s presence in the World Index, with M&M and Tech Mahindra being featured, highlights its global impact.
Mahindra & Mahindra stands as a shining example of responsible business practices and a testament to the transformative power of ESG principles.
Copyright@IndiaCSR
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