The footprint. Actions like these have consolidated the company’s

The
company is the member of Indian business Biodiversity Initiative of CII.
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. Mahindra Group set an
ambitious goal of planting 1 million trees every year across the nation to
increase India’s green cover and offset national greenhouse gas emissions.
M&M has planted 2,332,496 trees till date (2007-2016). In the reporting
period, energy consumption stood at 1,633,603GJ compared to 1,528,765 GJ last
year. Energy saving of 100000GJ in 2017 was due to installation of heat pump at
paint shop and use of energy efficient motors in place of conventional motors.
Due to 360 degree water management program, the Mahindra group has achieved a
water positive status as the water consumption was reduced from 1,541,061m3(2016)
to 1,356,578m3. Direct saving in municipal water was 1 million in FY 2015-16
alone. M&M has eliminated carbon footprint due to paint sludge reuse
process because 70% of the paint goes on the body shell while remaining 30%
goes waste, this paint sludge is hazardous waste and needs to be treated
separately. Disposal cost saving of the company was 3.03 million. Together the
business saved 100000 plus GJ energy through sustained energy saving initiative
in 2016-2017. Mahindra & Mahindra became the first Indian company to
announce its internal carbon price of US$10 per ton of carbon emission. The
carbon price is aligned with the business commitment to reduce the GHG
emissions by 25% over the next three years.

Coming
to the training part of the employees 2,666 human-hours of training provided to
workmen, 6255 human-hours of training to third party contract workers and 685
human hours of training provided to 63 employees from junior, middle and senior
management. Project handled by M&M Nanhi Kali, educated 60000 plus girls
across 12 states of India. We can see decline in waste due to recycling paint
sludge by using as an input material for cement industry and recycling paint
sludge by using as an input material for cement industry. The company has a risk
of losing Rs. 292.5Cr as there is the litigation in court related to unfair
trade practices. The company has a huge supply chain with thousands of
suppliers and we are not sure if all the suppliers are screened for potential
human right violations. There is a potential risk out of this issue. The
company faces a reputational risk due to recent human rights violations in one
of its group companies M/S Tech Mahindra due to unfair treatment of its
employees.

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Company comprises of eight independent directors including a
woman director and one non independent director as on 31st March, 2017. The board of the company comprises of eleven
directors as on 31st March, 2017. During the year six
board meeting were held. The company has rich legacy of ethical governance
practices many of which were implemented by the Company even before they were
mandated by law. The company is committed to transparency in all its dealings
and places high emphasis on business ethics.