The Mahindra Group signed a Memorandum of Understanding (MoU) with the Bill & Melinda Gates Foundation to support women’s economic empowerment in India.
09 NOVEMBER, 2022 | India
New Delhi, November 08, 2022: The Mahindra Group signed a Memorandum of Understanding (MoU) with the Bill & Melinda Gates Foundation to support women’s economic empowerment in India.
This two-year MOU marks a significant step towards achieving the Mahindra Group’s Environmental, Social and Governance (ESG) commitment of impacting one million women annually from 2026.
The Mahindra Group, a global leader in ESG, envisions this partnership to act as a catalyst to achieve the UN Sustainable Development Goal (5) on gender equality in India.
The MoU was signed by Dr Anish Shah, Managing Director and CEO, Mahindra Group and Mr Hari Menon, Director, India Country Office, Bill & Melinda Gates Foundation.
The partnership will work in the area of gender equality, focused on programs enabling women’s economic empowerment which are targeted towards underprivileged women. The scope will entail both organisations collaborating on joint programs and with key stakeholders such as the government, institutions, NGOs, corporates, etc.
Sharing his views, Dr Anish Shah, Managing Director and CEO, Mahindra Group said, “We are delighted that we have found a liked-minded partner in the Bill & Melinda Gates Foundation to further our joint vision to empower one 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”.
Mr Hari Menon, Director, India Country Office, Bill & Melinda Gates Foundation said, “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.”
Under this MoU, both organisations will work jointly to undertake research and analysis, implement programs, and measure outcomes, focused on advancing women’s empowerment. Women’s empowerment is at the core of bringing about gender equality, poverty eradication, and inclusive economic growth.
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership positionin farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room
About Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In emerging economies, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Mark Suzman, under the direction of Co-chairs Bill Gates and Melinda French Gates and the board of trustees.
For further enquiries please contact:
VP & Head – Group Communications
Email – [email protected]
Read this press release in