In an unwavering commitment to environmental stewardship, Mahindra Finance has embarked on a transformative sustainability journey, setting new industry standards and exemplifying the true essence of corporate responsibility. With an understanding that sustainability is more than a buzzword, the company has implemented a range of impactful initiatives, demonstrating its dedication to a brighter, greener future.

Energy efficiency illuminated

Under the ‘Save Electricity Programme’, Mahindra Finance has spearheaded energy-efficient initiatives across its extensive network. Over 800 branches now boast the brilliance of LED lights, drastically reducing power consumption.

Meanwhile, 250 locations now have 5-star Bureau of Energy Efficiency (BEE)-rated inverter ACs, coupled with the use of R-410A gas, contributing to ozone layer preservation. Replacing old air‑conditioning systems with updated versions has led to a saving of 958 megawatts!

During the year, 74 conventional fans were replaced with Brushless Direct Current Motor (BLDC) fans across different branches, saving 2.9 megawatts. Crowning these efforts, the replacement of 1,137 branches' CFL lights with LEDs has conserved a staggering 1,461 megawatts of electricity.

Zero waste to landfill

The company's environmental responsibility doesn't stop at energy conservation. Mahindra Finance has actively pursued responsible disposal and recycling of paper waste, ensuring that 17,500 kg of paper waste found its way to sustainable recycling practices. This endeavour garnered 53,218 Swachh Bharat Points, redeemed in exchange for 875 environmentally friendly cloth bags from the vendor partners. Furthermore, the company's efforts have led to the acquisition of wheat-based paper in exchange for paper waste, reinforcing Mahindra’s mission to achieve zero waste to landfill.

Enhancing the planet’s green cover

The company’s commitment to the environment is reflected in over 294,000 trees planted, a testament to Mahindra Finance's determination to enhance the planet’s green cover. Additionally, the recycling of 59.5 tonnes of e-waste and energy savings of 2,422,601 kWh demonstrate the company's unwavering dedication to sustainable progress.

Promoting EVs

Mahindra Finance is playing a pivotal role in financing Electric Vehicles (EVs), a deciding step in the transition towards sustainable transportation. Financing over 18,200 EVs during the year, the move has underscored the company's role in the EV revolution. This commitment to eco-friendly mobility is central to Mahindra Finance's sustainability roadmap.

Nurturing responsible stewardship

The ‘I Am Responsible’ initiative is a beacon of light in sensitising and fostering an ESG culture among employees. Aligned with the United Nations Sustainable Development Goals, it inspires responsible behavioural change towards planet positivity, promoting the idea that we borrow the Earth from our children. Activities such as conserving RO and AC water for plantation purposes, water conservation quizzes, and the promotion of water dispensers are all part of this noble endeavour.

Mahindra Finance's sustainability journey is an embodiment of Mahindra’s philosophy to ‘Rise for a more Equal World’. It is a testament to an unwavering dedication to being responsible stewards of the environment, championing eco-friendly practices, and inspiring a more sustainable world. With these initiatives, Mahindra Finance is making sustainability deeply personal, showing that each action, no matter how small, counts towards building a brighter, future for all.