Mahindra group has signed an MoU with the Bill & Melinda Gates Foundation to support women's economic empowerment in India.
The memorandum of understanding, which will last for two years, will help the Mahindra Group achieve its environmental, social, and governance (ESG) goals i.e., to empower one million women yearly by the year 2026.
The Mahindra Group, a leading pioneer in ESG globally hopes that this collaboration would serve as a catalyst for India to accomplish UN Sustainable Development Goal No. 5 on gender equality.
The MoU was signed by Dr. Anish Shah (Managing Director & CEO) Mahindra Group and Hari Menon (Director, India Country Office) Bill & Melinda Gates Foundation.
The alliance will mainly focus on gender equality and concentrate on initiatives that support impoverished women's economic emancipation. For this, both organizations will work together on various initiatives with significant stakeholders, including the government, institutions, NGOs, businesses, etc.
Talking about the collaboration, Dr. Anish Shah, Managing Director & CEO, Mahindra Group said, “We are delighted that we have found a like-minded partner in the Bill & Melinda Gates Foundation to further our joint vision to empower 1 million women annually. This partnership is core to our Rise philosophy of driving positive change in the lives of our communities. Together, we will create a collaborative platform that will provide holistic solutions to underprivileged women across the country leveraging the power of technology, enabling us to rise for a more equal world.”
“We are glad to partner with the Mahindra Group to advance our shared objective of accelerating progress towards India’s national vision for gender equality and women’s economic empowerment. It is exciting to see the ambitious goals of this partnership towards increasing women’s workforce participation and building greater empowerment, in the economy and in society,” said Hari Menon, Director of India Country Office, Bill & Melinda Gates Foundation.
In accordance with the terms and conditions of the MoU, the two groups will conduct research and analysis, carry out initiatives, and assess the results to improve women’s empowerment in India.
About Mahindra Group
The Mahindra Group, which was founded in 1945, is one of the biggest and most renowned international empire of businesses, employing 2,60,000 people across more than 100 nations. It is the largest tractor firm in the world by volume and holds a dominant position in India in the fields of farm equipment, utility vehicles, information technology, and financial services. It is well-established in the fields of agriculture, logistics, hospitality, and renewable energy.
The Mahindra Group is firmly committed to leading ESG internationally, fostering rural prosperity, and improving urban life, with the aim of bringing about good change in communities and stakeholders' lives and empowering them to rise.
About The Bill and Melinda Gates Foundation
The Bill and Melinda Gates Foundation is based in Seattle, Washington, and is run by CEO Mark Suzman under the guidance of the board of trustees. The Foundation strives to assist all people in leading healthy, fulfilling lives. It is motivated by the idea that every person has equal value. It focuses on enhancing people's health and offering them the possibility to escape hunger and extreme poverty in emerging economies.
