Medium Risk

Mahindra Holidays & Resorts India Limited

Vacation Ownership and Accommodation related services

CIN: L55101MH1996PLC405715 FY: - Revenue: ₹1,544.9 Cr
5.3
ESG Risk
Score /10
Compliance RiskEpr ExposureGhg Intensity

Risk Breakdown

GHG Intensity
5.0
Water Intensity
5.0
Waste Intensity
1.1
EPR Exposure
6.5
Compliance Risk
10.0
HR Risk
3.0
Governance Risk
3.0

Financial Exposure

Est. Compliance Cost₹2–9 crore
EPR ApplicableUnknown
Scope 1 Emissions— tCO2e
Scope 2 Emissions— tCO2e
Water Withdrawal— m³
Waste Generated1,187.7 T

Governance

Anti-Corruption PolicyYes
Conflict of Interest PolicyYes
BRSR AssuranceNone
Assurance Provider

Double Materiality

Financial Materiality5.3
Impact Materiality4.6
QuadrantFinancially Material

Supply Chain

MSME Sourcing0.1%
Lifecycle AssessmentNo
Product ReclaimYes

Material Risks

e-waste

ESG Targets & Commitments

TopicTarget / MetricStatus
Human Rights in Supply Chain HR clauses in all contracts Commitment

AI Risk Summary

**Financial Risk Summary: Mahindra Holidays & Resorts India Limited** Mahindra Holidays faces critical compliance exposure under SEBI BRSR Core Expansion requirements, with a maximum estimated remediation cost of ₹9 crore and potential delisting risk if disclosure and governance standards are not met—the company's perfect 10.0/10 compliance risk score indicates material deficiencies in ESG reporting infrastructure. Extended Producer Responsibility (EPR) applicability remains unresolved (6.5/10 exposure), creating contingent liability risk; once clarified, the company could face additional operational and capital costs for managing waste streams across its resort properties. The company's missing Scope 1 and Scope 2 emissions data is a red flag indicating incomplete GHG accounting despite 5.0/10 intensity risk, suggesting the resort operations (accommodation, F&B, housekeeping) are not properly measured—this leaves the organization vulnerable to carbon pricing mechanisms under India's carbon credit trading scheme (₹600–900/tonne), particularly if mandatory carbon pricing expands to services sectors. **Recommendation:** Prioritize

Source: Mahindra Holidays & Resorts India Limited BRSR Filing, FY -. Derived from the company's own public disclosures. Not investment advice or a regulatory determination.

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