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| EXECUTIVE SPEAK |
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| Chairman's Address |
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| Three years ago, the Mahindra Group set out on a sustainability journey, using “Alternative Thinking” as the guiding principle. This principle has taken firm root
and has helped us in our quest for creating an environment of business growth while being sensitive to the environment as well as communities in which we operate. It gives me great pleasure to present the 3rd Group Sustainability report to all our stakeholders, based on the GRI reporting framework. The focus in this report is on strategic initiatives taken at the Business level as well as the unit level towards achievement of the Goals set in our Group Sustainability review last year. The progress charted under all commitments has been encouraging and we are on target to achieve all of them. |
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| At the Mahindra Group, we recognize the significance of Climate Change and the two biggest challenges it poses - poverty and natural resource constraints. |
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| There is also the challenge of constant and inevitable change in the business and the political environment, and we may not have immediate answers to all these issues. However, we are clear about one thing - if India wins, we win. Hence our strategies will primarily be towards societal prosperity and bridging our urban-rural divide. |
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| For Mahindra, 'Sustainable Development' is a newly articulated ancient wisdom. All businesses which have survived the trials of business cycles over decades would bear this out. We are indeed proud to be one from that genre of Companies. We have grown from an assembly unit for Willis jeeps in 1945, to a multi product, global player only because we followed the principles of sound corporate governance, transparency, accountability and adopted practices that could bring about an all-round growth. |
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We are committed to
the cause of our
people, our country
and our planet |
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| We are committed to the cause of our people, our country and our planet. We will continue to live by the ethos and principles of responsible business practices and look upon all our stakeholders to support us in this endeavour. |
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| Yours sincerely, |
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| Keshub Mahindra, |
| Chairman |
| Mahindra & Mahindra Limited. |
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