Climate Change Data

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)