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L&T’s ESG thrust aims to achieve carbon, water neutrality in less than two decades

L&T launches its fourth Integrated Report, and announces commitments for carbon and water neutrality. The company’s Green Businesses Portfolio stood at Rs 277 billion in FY21, which is 29.6 percent of its revenue. L&T is integrating its ESG goals with business targets and is working towards becoming a ‘Net Zero’ company by 2040. 

October 21, 2021 / 08:52 PM IST
L&T, along with its subsidiaries, aims to achieve 'water neutrality' by the year 2035.

L&T, along with its subsidiaries, aims to achieve 'water neutrality' by the year 2035.

Large companies in India have been quick to embark on the road to sustainability and the articulation of their environmental, social, and governance (ESG) strategy has been a cornerstone of their endeavour for investor outreach. EPC major L&T in its integrated report on sustainability has targeted a carbon neutral and water neutral strategy for the group by the year 2040. L&T’s key subsidiaries Mindtree, L&T Infotech and L&T Tech Solutions are all part of the combined group effort to sustainability.

In FY21, the company’s Green Businesses Portfolio stood at Rs 277 billion, which is 29.6 percent of its revenue. Key measures in the last financial year include energy saving, focus on renewable modes of electricity, lower carbon emission, planting trees and community development.

S.N. Subrahmanyan, CEO and Managing Director, L&T said, “We are reaffirming our vision, policies, frameworks, roadmaps and action plans on ESG. Our ESG roadmap will align with our 5-year strategic plan - Lakshya 2026, and will reflect our commitment to climate leadership, water stewardship, circular economy, green supply chain, biodiversity, and green offerings. In line with the global push on ESG, we are gearing up for a step-change in our ambitions to scale new heights.”

FY21 Key Highlights