SUSTAINABILITY

Thrust Areas

L&T is one of the first few organisations in India to voluntarily set Sustainability targets aligned with the Company’s 5-year Strategic Plan LAKSHYA 2021.

The Company publishes its Integrated Report every year which is based on the framework prescribed by International Integrated Reporting Council (IIRC) and Global Reporting Initiative (GRI) Standards. The report demonstrates the inter-connectedness between the various capitals (Financial, Natural, Intellectual, Manufactured, Social and Relationship and Human capitals) and establishes the value creation interlinkages between them. It lays out the organization’s strategy, governance, social, environmental and the economic framework within which Company operates.

L&T believes that Sustainability includes internalizing and implementing responsible and inclusive business practices. L&T views sustainability through the lens of its core values, consciously and continuously aligning its activities to benefit the wide spectrum of its stakeholders.

L&T is investing and growing equitably in all Environmental, Social and Governance (ESG) initiatives to improve its sustainability performance. Some examples in year 2019-20 are as follows:

      1. Planting more than 14 lakh trees across India.
      2. Providing more than 5.1 million man hours of safety training to employees, vendors and workmen.
      3. Undertaking more than 100 digitisation initiatives during the year to leverage technology for productivity improvements and enhance interfaces with the external world.

By embracing a digital future, robust risk management process, strong stakeholder engagement measures, and connectivity of information, L&T continues to deliver products and services designed to create a better world for everyone.

Track Record

  • 76.5% of the total water consumed was recycled
  • 43000+ suppliers signed Code of Conduct
  • 22% of revenue from green products and services
  • 7143 Tonnes of metal recycled and
    reused in various operations
  • 24 water positive campuses and 2 carbon neutral campuses
  • 1,839,307 Tonnes of substituted material consumed

Awards