L&T sets target to be carbon Neutral by 2040

5 November, 2021

L&T Targets for Carbon Neutrality

  • The company aims to achieve Carbon Neutrality by 2040, ahead of the Paris Agreement deadline of 2050.
  • The company aims to achieve water neutrality by 2035. ESG roadmap will align with their 5-year strategic plan – Lakshya 2026

Mindtree, L&T Infotech (LTI), L&T Technologies (LTTS) and L&T Finance Holdings Ltd (LTFH)

  • Mindtree, LTI and LTTS have taken targets of becoming carbon neutral and water neutral by 2030. LTFH has taken the target to become carbon neutral by 2035.

Current Status:

L&T ‘s fourth integrated report

  • Saved cumulative energy equivalent to 128 million units since 2008
  • Averted 33,500 tons of CO2 equivalent emissions during FY21
  • 150,000 fully grown trees at various campuses; planted nearly 1 million saplings in FY21
  • 1.2 million lives were impacted through community development programs in FY21
  • Spent Rs 150 Crore for education, health, skill development and water & sanitation
  • Company’s green offerings stood at INR 277 billion, which is 29.6% of revenue
  • 1037 million accident-free man-hours achieved across businesses

  1. https://www.newindianexpress.com/business/2021/oct/21/lt-aims-to-be-carbon-neutral-by-2040-2374023.html
  2. https://www.thehindu.com/business/lt-to-achieve-carbon-neutrality-by-2040/article37116567.ece
  3. https://www.larsentoubro.com/pressreleases/2021-10-21-lt-launches-its-fourth-integrated-report-announces-commitments-for-carbon-and-water-neutrality/
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