L&T Limited
Climate Impact & Sustainability Data (2023-24)
Reporting Period: 2023-24
Environmental Metrics
Total Carbon Emissions:0.99 Mn tCO2e
Scope 1 Emissions:6,35,646 tCO2e
Scope 2 Emissions:~1,37,000 tCO2e
Scope 3 Emissions:70,73,536 tCO2e
Renewable Energy Share:9.2%
Total Energy Consumption:10.5 Mn GJ
Water Consumption:12.9 Mn kL
Waste Generated:7,474 tons
Carbon Intensity:7.8 tCO2e/`Cr
ESG Focus Areas
- Climate Action
- Water Neutrality
- Biodiversity
- Material Recycling and Reuse
- Waste Management
- Green Supply Chain
- Green Business
- Workforce Safety
- Training and Development
- Diversity and Inclusion
- Human Rights
- Community Welfare
- Sustainable Supply Chain
- Board Structure, Diversity, and Remuneration
- Governance Mechanism
- Ethical Behaviour
- Stakeholder Engagement
- Risk Management
Environmental Achievements
- Energy consumption intensity reduction by 15.9% compared to FY 2022-23 and 13% compared to FY 2020-21
- Water consumption intensity reduction by 12%
- 9.2% electricity from renewables
- GHG emission intensity reduction by 12.2%
- 32% recycled and eco-friendly material used
- 50% revenue from Green Business
- ~4 Mn Saplings planted
Social Achievements
- 2 Key facilities SA8000 certified
- 100% own facilities and offices assessed
- 24,000+ Employees covered under safety training
- 90,000+ Workers covered under safety training
- 8.1% Diversity ratio
- 99 Women in senior management
- 1.6 Mn CSR beneficiaries
Governance Achievements
- 100% of top 200 supply chain partners assessed on ESG
- 100% new joiners trained on Code of Conduct
- Zero cases of data breaches
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Carbon Neutrality by 2040
- Water Neutrality by 2035
Short-term Goals:
- Emissions Intensity Reduction by 25%
- Renewable Energy (as % of Electricity Consumption) by 50%
- Energy Intensity Reduction by 11%
Environmental Challenges
- GHG emissions reduction, decarbonising energy use, water sourcing security, natural materials sourcing, ambient operating conditions, and extreme weather events
- Waste generated from business operations if not managed properly
- Occupational risks and hazards impacting health, safety, and productivity
- Human rights violations
- Skillset shortages
- High churn for contract workmen
- Attracting, managing, developing, and retaining talent
- Climate change physical and transition risks
- Water stress
- Cyber security risks
- Maintaining ethical behaviour across a large and diverse workforce
- Data limitations in water consumption reporting due to the temporary and open-boundary nature of many project sites
Mitigation Strategies
- Climate risk management integrated into Enterprise Risk Management; ambitious targets for Carbon and Water Neutrality
- Waste management integrated into EHS Management System; adherence to laws and regulations
- Implementation of health and safety management systems adhering to ISO 45001:2018; preventive measures; stress management techniques; counselling, coaching, and sensitisation workshops; mandatory leave
- Strengthening policies, systems, procedures, and grievance mechanisms; Human Rights Due Diligence; SA8000 certification; awareness sessions for supply chain partners
- Onsite training; database to track skilled workmen; engagement with contracting agencies
- Customised learning and development programmes; digital applications for training
- Improving energy efficiency; decarbonising energy consumption; offsets from plantations
- Reducing groundwater withdrawal; initiatives to reduce water consumption; wastewater recycling; rainwater harvesting
- Multi-year cyber security and resiliency roadmap; state-of-the-art security platforms; ISO/IEC 27001:2022 compliance
- Strong and robust policies, processes, and SOPs; Code of Conduct; Whistle Blowing Policy; internal controls review by external experts
- Redesigning Standard Operating Procedures (SOPs) based on reasonable assurance requirements; digital solutions for direct water measurement
Supply Chain Management
Supplier Audits: 100% of top 200 supply chain partners assessed on ESG
Responsible Procurement
- Code of Conduct for supply chain partners; assessment of suppliers on ESG parameters; awareness sessions
Climate-Related Risks & Opportunities
Physical Risks
- Extreme temperatures impacting workforce health and productivity
- Extreme precipitation events
- Water stress
Transition Risks
- Increasing regulatory requirements
- Technological limitations in decarbonising energy use
- Market shifts reducing demand for fossil fuel-related businesses
Opportunities
- Sourcing renewable energy
- Resource efficiency improvements
- Growing demand for green products and services
- Green hydrogen opportunities
Reporting Standards
Frameworks Used: GRI, BRSR, CDP, SASB, UN SDGs
Certifications: ISO 9001:2015, ISO 14001:2018, ISO 45001:2018, SA8000
Third-party Assurance: Third-party assurance for BRSR Core parameters
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Special CAM mix for high-speed rail; asphalt mix with steel slag aggregates; cement-treated base with soil aggregate blend; sustainable soil stabilising material; recycled aggregates; textile reinforced concrete; attached growth bio-reactor; net zero buildings
Awards & Recognition
- Green Leaf Award; CII National Award for Environmental Best Practices; CII DX Award; National Environment Award; ENR Top 200 Environment Firms (ranked 3rd)