Mahindra Accelo Limited

Integrated Annual Report 2024-25

Natural
Capital

Sustaining Our Planet’s Resources

We align our sustainability efforts with global objectives to combat climate change, conserve natural resources, and promote ecological balance.

Our commitment to environmental stewardship drives us to implement responsible resource management, minimise emissions, and transition towards a circular economy. Through innovative approaches and strategic investments, we align our sustainability efforts with global objectives to combat climate change, conserve natural resources, and promote ecological balance. We have integrated robust environmental governance frameworks, energy-efficient processes, and innovative technologies to address climate risks while reducing our operational footprint.

Material Topics Impacted

  • Energy Management
  • Circular Economy
  • Climate Change
  • Operational Eco-Efficiency
  • Supply Chain Sustainability
  • Air Emissions

Capitals Impacted

  • Financial Capital
  • Manufactured Capital
  • Intellectual Capital
  • Social & Relationship Capital

Stakeholders Impacted

Customers
People
Communities and Our Environment

SDGs Impacted

Key Highlights

37%

Reduction in Scope 1 Emissions through Operational Efficiency and Process Improvements

16,379 kL

Water Recycled, Enhancing Resource Conservation

3,036 GJ

Renewable Energy Consumption, Reducing Dependency on Fossil Fuels

Environmental Management System

At Mahindra Accelo, sustainability is at the core of our operations as we transition towards cleaner fuels and energy-efficient solutions. Under our brand identity, The Decarbonisation Revolution, we are committed to reducing our environmental footprint through innovation, renewable energy adoption, and responsible resource management.

We are making steady progress in our decarbonisation journey, actively working towards our sustainability targets for 2033, as set by the Science Based Targets Initiative (SBTi). Our commitment to reducing emissions has led to tangible achievements, reflecting our efforts in integrating renewable energy solutions and enhancing energy efficiency across operations. This journey is guided by the following three core pillars, which are delivering tangible results and showcasing our commitment to a sustainable future:

Minimising Energy Use and Switching to Cleaner Fuels

Generating Renewable Energy

Purchasing Renewable Energy Credits and Carbon Offsets

Key initiatives driving this progress include the installation of solar panels at our Kanhe Plant and ongoing rooftop solar projects at Vadodara and Bhopal Plants, which are expected to meet 30-40% of Plant energy requirements through renewable sources by FY 2024-25. Additionally, process optimisations, waste recycling, and the use of battery-operated forklifts have further contributed to lowering our carbon footprint.

Through these pillars, we are not only addressing our direct emissions but also ensuring a more sustainable energy future. While we have made significant strides, we remain committed to accelerating our efforts and bridging the gap between our current achievements and the SBTi targets set for 2033. With continued investment in renewable energy and sustainability-driven innovations, we are steadily advancing towards a greener future.

Optimising Energy Efficiency

At Mahindra Accelo, we are committed to energy conservation and the transition to cleaner fuels as key elements of our sustainability strategy. By actively minimising energy consumption across our operations, we aim to reduce our environmental impact while fostering a greener and more responsible future.

Our energy efficiency initiatives are aligned with our broader sustainability goals and include a range of actions designed to reduce energy use, promote renewable energy, and support circular practices. Key efforts include:

Waste Management Practices

Implementing reduce, reuse, and recycle strategies at various stages of our operations, focussing on minimising waste and maximising resource efficiency.

Battery-Operated Forklifts

Using energy-efficient, battery-operated forklifts further helps further reduce energy consumption in our facilities.

Purchasing Energy-Efficient Products

Prioritising energyefficient equipment and technologies across our operations to minimise energy use.

Use of Recyclable Materials

Prioritising recyclable materials such as steel scrap and pallets, contributing to a circular economy.

Employee Car-Pooling

Encouraging car-pooling among employees reduces overall energy consumption and lowers emissions.

Recycling End-of-Life Vehicles

Ensuring our commitment to circularity extends to recycling end-of-life vehicles, reducing waste and recovering valuable materials.

In addition to these efforts, we are investing in renewable energy with further installations being planned at other plants, reinforcing our commitment to renewable energy and contributing to our goal of a sustainable, low-carbon future. Through these energy efficiency measures, we are driving meaningful progress towards achieving our decarbonisation targets and promoting a more responsible, circular approach to business.

Circular Economy and Recycling Initiatives

In alignment with global decarbonisation and circular economy principles, Mahindra Accelo has commenced a vehicle recycling initiative known as CERO. This Government authorised initiative, launched in partnership with MSTC, focusses on cleaner roads and reducing dependence on imported scrap steel.

Operating across 46 locations (7 RVSFs/Recycling centres + 39 collection centres) in India, CERO ensures ethical recycling of End-of-Life Vehicles (ELVs). Our contemporary, automated recycling facilities comply with all environmental regulations set by the Central and State Pollution Control Boards. These facilities depollute, disassemble, and recycle ELVs while preventing hazardous waste leakage into the ecosystem.

CERO’s impact extends beyond compliance; it actively conserves resources. With steel comprising 70% of a vehicle’s composition, our recycling process redirects this material to melting furnaces, fostering self-sufficiency and reducing reliance on imports. To date, CERO has recycled over 30,000 ELVs, cutting approximately 29,000 tonnes of CO2 emissions and reintegrating over 21,000 tonnes of recycled steel into the economy.

These initiatives highlight Mahindra Accelo’s commitment to environmental stewardship. By integrating sustainability into core operations, we are driving responsible business practices while contributing to India’s sustainable future.

Sustainable Water Management

Water conservation is a top priority for us, and we have put in place comprehensive water management strategies to ensure efficient use and responsible stewardship. By leveraging cutting-edge technologies and best practices, we are focussed on reducing water consumption and increasing recycling and reuse.

Our approach includes several key initiatives:

Repurposing Wastewater

Utilising Bio Sewage Treatment Plants (Bio STPs) and drip irrigation techniques to treat and repurpose wastewater, reducing our reliance on freshwater.

Water System Management

Addressing water system leaks and conducting regular audits and monitoring to prevent unnecessary wastage and fine-tune consumption at each facility.

Rainwater Harvesting

Our Nashik Plant is equipped with rainwater harvesting capabilities, helping us move closer to achieving a net water-positive status. In FY 2024-25, we enhanced this system to conserve and recharge approximately 14,400 cubic metres of water annually.

Through these efforts, we continue to make significant strides towards sustainable water management and reducing our overall environmental impact.

Waste Management and Resource Efficiency Practices

Effective waste management is integral to our environmental stewardship. We recognise that responsible effluent and waste management is essential in minimising our environmental impact and optimising resource use. Our comprehensive system ensures rigorous monitoring of waste and effluent streams, adhering to best practices for treatment and disposal.

In line with our commitment to sustainability, we have successfully achieved Zero Waste to Landfill (ZWL) certification across all our Plants. This accomplishment highlights the dedication and hard work of our Plant teams, who have adopted innovative waste management practices to reduce landfill waste.

As part of our waste management strategy, we continually explore alternative disposal methods and seek opportunities to reuse materials, transforming waste into valuable resources. This proactive approach enhances operational efficiency and supports our conservation goals.

Cero Recycling

Advancing our commitment to the circular economy, Mahindra Accelo has partnered with Mahindra MSTC Recycling Private Limited (CERO), India's first government-authorised vehicle recycler. Through CERO, we are reducing pollution, cutting the nation's reliance on imported scrap steel, and conserving precious resources.

~30,000

End-of-life Vehicles (ELVs) Recycled

29,000 tonnes

CO2 Emissions

>21,000 tonnes

Recycled Steel Reintroduced into the Economy

Intellectual Capital
Human Capital