Larsen & Toubro reiterated its commitment to integrate ESG goals with business goals and is working hard to become a “net zero” company. The net zero company has achieved a state in which the company’s activities will not have a net impact on the climate due to greenhouse gas emissions, achieve a sustainable balance between water availability and demand, and eliminate solids sent to landfills. waste.
It released the fourth comprehensive report “Sustainable Development, Creating a Better World”, which is a comprehensive document that conveys the organization’s strategy, governance, performance and prospects in the context of the external environment and value creation. For many years, L&T has been focusing on ESG parameters such as climate management, circular economy, green products, green supply chain, employee and social welfare, employee health and safety.
Global climate change has become one of the greatest risks in the 21st century. L&T mainly operates in the construction and engineering fields that are vulnerable to climate change, incorporating climate-related policies (including NAPCC, TCFD and other similar standards) into its business. The company aims to become a leader in these fields by improving resource efficiency and protecting important natural resources.
More than 10% of the company’s total electricity consumption comes from renewable energy sources. Since 2008, the company has saved a total of 128 million kilowatt-hours of electricity, which is equivalent to the annual electricity consumption of 60,000 households. Through energy-saving measures and renewable energy, the company reduced carbon dioxide emissions by 33,500 tons in FY21.
News Source : Constructionweekonline
