L&T won the prestigious ‘Best Capital Projects & Infrastructure Risk Management Award’ at the India Risk Management Awards event organized by CNBC TV18 – the country’s leading business news channel - in Mumbai on March 27, 2017.
The award recognises L&T’s new growth benchmarks and excellent risk management practices that have been built into the Company’s business operations for effectively navigating the uncertain waters of the global economy. L&T has in place a comprehensive enterprise-wide risk management framework encompassing the Company’s overall risk profile. Guided principally by the idea of safeguarding the interest of the stakeholders, the approach relies on proven mechanisms for effective risk management.
Now in its third year, CNBC-TV18 India Risk Management Awards recognise companies that have created world class risk management practices. The awards are given to deserving companies after a thorough assessment of company data, its systems and frameworks in place.
L&T Power has won the prestigious ‘FICCI Quality Systems Excellence Awards for Industry 2017 - Platinum (First) Prize in Construction Sector’ in the Large Size Organisations category. The award was presented by the Federation of Indian Chambers of Commerce and Industry (FICCI) at a conference on ‘Sustainable Industry Growth through Quality Systems’ on the theme ‘Quality Systems to Achieve Goal of Make in India’, held in New Delhi on January 20, 2017.
The Indo-American Chamber of Commerce (IACC) conferred its prestigious Company of the Year Award on L&T Technology Services Limited (L&T TS). This is the highest distinction conferred by the IACC to any company.
IACC also honoured L&T TS’ continued efforts to reduce its carbon footprint at its various locations, by awarding the company with the ‘Best Green Office Space of the Year’ award.
The awards were presented at the 12th Indo-American Corporate Excellence (I-ACE) Awards 2016, held in Mumbai on July 14, 2016. An eminent jury comprising Indian business leaders and bureaucrats from the US Govt. examined the applications and selected the award winners.
L&T has been conferred the prestigious ‘Golden Peacock Award for Risk Management’ for 2015 by the Institute of Directors (IoD) in the ‘Diversified’ category. The award was presented at a ceremony on December 18, 2015 in Bengaluru, attended by a distinguished gathering of business leaders.
The Golden Peacock Awards, instituted by the IoD in 1991, are regarded as a benchmark of corporate excellence worldwide. IoD is an independent, non-profit apex association of professional corporate directors. Over the years, it has grown to associate with around 35,000 senior executives, representing prominent organisations from the private, public and government sectors India-wide, and now, increasingly, world-wide.
L&T won the Award for Excellence in Power Project Execution from the Central Board of Irrigation and Power (CBIP), a Government of India institute, for its outstanding contribution to the development of the Power Sector in India. The award was presented by Prof. Sanwar Lal Jat, Minister of State for Water Resources, River Development & Ganga Rejuvenation, to Mr. Shailendra Roy, Whole Time Director & Sr. EVP (Power, Minerals & Metals), on January 1, 2015, at New Delhi during the CBIP Day Celebrations.
The citation lauds L&T’s execution of Nabha Power’s 2x700 MW supercritical thermal power plant at Rajpura, Punjab, in a record time. This project is India’s first full EPC job completed using indigenously manufactured supercritical Boiler-Turbine-Generator equipment
Bombay Chamber of Commerce & Industry (BCCI) conferred ‘The Good Corporate Citizen Award’ to L&T for its Sustainability & Corporate Social Responsibility initiatives in the ‘Large Corporate Category‘.
The award was presented by Mr. Suresh Prabhu, Union Minister of Railways, at the 180th Foundation Day celebrations of BCCI in Mumbai on October 1, 2015.
BCCI instituted the Good Corporate Citizen Award in 1994 to recognise and honour conspicuous achievement by corporates in terms of service to the civic community in addition to outstanding sustainability responsibility performance. The evaluation parameters for the award included business performance, performance in industrial relations, environment, safety and occupational health, employee welfare, ethics and customer satisfaction, and social investment/CSR.
Frost & Sullivan (F&S), after carrying out a robust Project Evaluation and Recognition Programme, selected L&T's Modular Fabrication Facility (MFF Hazira) for the prestigious The Economic Times India Manufacturing Excellence Award (IMEA).
MFF-Hazira's project titled 'Safety Cultural Transformation' under the theme 'Safe Factory' was evaluated by the IMEA Executive Committee and the Jury Panel for the award under the category 'Visionary Project'.
MFF-Hazira is one of the largest modular fabrication facilities in South Asia with a capacity of more than 45,000 MT of modular fabrication per annum. It caters to global oil & gas industry, both upstream (exploration & production) as well as mid & downstream (refining, gas processing, petrochemicals).
L&T was adjudged the winner of the 'Golden Peacock Global Award for Excellence in Corporate Governance' for 2014 by the Institute of Directors (IoD). The jury of the awards was headed by Justice (Dr.) Arijit Pasayat, former Judge, Supreme Court of India & Chairman, Competition Appellate Tribunal of India & Authority for Advance Ruling Customs, Central Excise & Service Tax).
L&T Technology Services won the prestigious Frost & Sullivan (F&S) 'Excellence in Engineering Services Award 2014'. The award cited L&T Technology Services' deployment of next generation technologies for innovation as well as its demonstrated record in boosting customer value in engineering design.
The award was presented to L&T Technology Services on September 23, 2014 at a function attended by peer group professionals in the engineering and IT space, consultants, analysts and leading industry users.
The F&S Excellence Awards jury seeks out engineering and design services companies across regional and global MARKETS. Contenders need to have demonstrated outstanding achievement in areas such as leadership, technological innovation, customer service and strategic product development.
L&T won a ‘Special Recognition Award’ for being the Most Attractive Employer in the infrastructure sector in India. The award was presented by the reputed HR services firm Randstad.
The award was based on the results of an extensive, nationwide survey conducted by Randstad this year of over 8,000 respondents in the age group 18 years to 65 years – covering employees and job seekers. Employers were evaluated across 17 key factors including employee benefits, salary structure and long term job security. Unlike other best employer awards, the Randstad award is regarded as the ‘People’s Choice’ award.
The design and development capabilities of L&T's Electrical & Automation (E&A) earned rich recognition at ELECRAMA 2014 when its AU-Series of Final Distribution Products was declared winner of 'The Best Product developed by an Indian Exhibitor' Award. The award ceremony was held at The Exhibitors Nite - JOSH 2014 on January 11, 2014.
The AU-series of final distribution products comprises a complete range of protection, control and monitoring devices that include Miniature Circuit Breakers, Residual Current Devices, Isolators, Changeover switches, Energy meters, Time switches, Surge Protection Devices, Modular Contactors, Communication devices, and Distribution boards. It ensures the highest level of safety and convenience to the end users.
L&T won the coveted Top Infrastructure Company award in the category Construction - Infrastructure Development – (Large) at the third edition of Dun & Bradstreet (D&B) Infra Awards 2013, held in Mumbai on October 29, 2013.
L&T Infrastructure Development Projects Limited (L&T IDPL), the wholly-owned subsidiary of L&T, won the D&B Infra Awards for the Ahmedabad-Maliya Tollway. It was selected as the ‘Best Project’ in three categories namely - Roads & Highways, Public Private Partnership, and Environmental Sustainability. This is the third consecutive year that L&T IDPL has won honours from D&B.
Dun & Bradstreet is the world’s leading provider of business information, knowledge and insight. These awards felicitate leading infrastructure companies that have delivered exemplary performance.
L&T bagged the prestigious NDTV Profit Business Leadership Award in the Infrastructure category. L&T has won the award on multiple occasions in the past, affirming its unrivalled leadership position in the industry.
The award was accepted on behalf of the Company by Mr. R. Shankar Raman, CFO. It was handed over by Dr. Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, at a function in New Delhi on April 8, 2013 that was attended by the crème de la crème of Indian industry and other celebrities.
L&T Power was presented the prestigious ‘Golden Peacock National Quality Award – 2012’ at the 23rd World Congress on ‘Leadership & Quality of Governance’, at Bangalore on February 8, 2013.
The ‘Golden Peacock National Quality Award’ set up by the Institute of Directors seeks to recognize and reward organizations that effectively implement quality initiatives resulting in all-round excellence while contributing to improved business practices. This year the Awards Secretariat received over 137 responses. A total of 14 organizations scoring the highest among the respective industrial categories were recommended to an eminent jury for final selection.
L&T won multiple laurels that propelled Brand L&T to a new high of professional recognition at the Annual Awards function of the Association of Business Communicators of India (ABCI) in Mumbai on October 19, 2012.
In addition to the eight entries that received honours in various categories, L&T was voted ‘Champion of Champions’ on the strength of securing the highest number of awards across all participating companies.
A further distinction of ‘Communicator of the Year’ was awarded to Mr. D. Morada, Vice President, Corporate Brand Management & Communications, for clarity and drive in articulating the Company’s brand positioning and for developing a globally-benchmarked corporate identity system.
Forbes - the reputed US-based global business magazine - ranked L&T the 9th most innovative company in a global study. L&T was rated highest amongst Indian companies that made the list, and was the only Indian company to feature in the top ten.
L&T was ranked 10th in a prestigious listing published by Business Today of the ‘Best Companies to Work For’. The listing is based on a survey carried out by the research firm Indicus Analytics. (February 16, 2012)
The L&T Group secured multiple recognition from the prestigious Federation of Indian Chambers of Commerce & Industry (FICCI). The Platinum Awards for Excellence in Quality Systems were won by L&T Heavy Engineering - Powai Campus – Mumbai and by L&T Komatsu (LTK) Bangalore Works. Both these awards are in the large scale manufacturing category.
L&T ranked among the Top 10 in Standard & Poor’s (S&P) ESG India index of companies in terms of ‘Environment, Social and Governance’ performance. The index is sponsored by International Finance Corporation (IFC), and is developed by a consortium of Standard & Poor, CRISIL and KLD (an international research organisation) specialising in global equity market research.
Affirming L&T’s stature in building infrastructure, the Company was honoured with NDTV Profit’s Business Leadership Award. The NDTV Profit Business Leadership Awards were instituted to recognise organisational excellence. NDTV’s rigorous selection process involved short-listing the industry categories that contributed the most to India’s GDP and growth, collating a list of organisations in each category based on parameters like revenues, revenue growth and market share, and defining parameters and assigning weights.
Appreciating the efforts put in to achieve high Occupational Health, Safety & Environment standards at its manufacturing facilities, the Delhi State Centre of the Institution of Engineers (India) conferred on L&T Heavy Engineering, the prestigious Safety Innovation Award - 2012.
The award was presented on August 9, 2012 by Dr. Narendra Jadhav, Member, Planning Commission, during the Safety Convention - 2012 organised by the Institution of Engineers (India) at New Delhi.
L&T - Chiyoda (LTC) was conferred the prestigious National Award for Excellence in Cost Management by the Institute of Cost Accountants of India (ICAI). LTC won the First Prize in the category of ‘Private - Service Sector (Medium)’ for achieving business excellence by adopting the best cost management initiatives.
Mr. K. Sudhakar, Chief Executive, LTC, received the award from Dr. M. Veerappa Moily, Minister of Corporate Affairs, and Mr. Naved Masood, Secretary, Ministry of Corporate Affairs at the 9th Annual Award function held at Vigyan Bhawan, New Delhi on July 17, 2012.
L&T Hydrocarbon business was presented the Infrastructure Excellence Award for the successful execution of the world’s longest heated and insulated pipeline from Barmer in Rajasthan to Salaya in Gujarat.
L&T Heavy Engineering won the prestigious National Award for Export Excellence, presented by the Engineering Export Promotion Council of India (EEPC).
Heavy Engineering was rated star performer in the Large Enterprise category for its export performance in 2010-11. This is the fourth time that L&T has received this award. (March 31, 2012)
Recognising his extraordinary contribution to the management movement in the Indian industry and to L&T in particular, the Bombay Management Association (BMA), the premier management association of the country, conferred its prestigious Lifetime Achievement Award on Mr. A.M. Naik, Group Chairman.
Mr. Naik received the award at the 39th annual BMA Awards ceremony held in Mumbai on February 21, 2018.
Mr. Naik was selected by a panel of eminent jurists comprising Mr. S. Ramadorai, former Vice Chairman, TCS (Chairman of the Jury), Mr. Shailesh Haribhakti, Chairman & MD, Haribhakti Group, and Mr. P.R. Ramesh, Chairman, Deloitte Haskins & Sells LLP.
Business Today – part of the India Today group - presented L&T Group Chairman, Mr. A.M. Naik, its prestigious Lifetime Achievement Award at a flagship business conclave in Mumbai on January 13, 2018. Mr. Naik received the award from the Chief Guest at the event, Mr. Jayant Sinha, Union Minister of State for Civil Aviation, witnessed by an august gathering of industry captains and international thought leaders.
At the first edition of the CFO Awards ceremony of The Financial Express (FE), Mr. R. Shankar Raman, Board Member and CFO of L&T, won the prestigious CFO of the Year award. The jury appreciated his excellent management of working capital that ensured L&T did well even during tough economic conditions. The award celebrates excellence, best practices and outstanding achievements by India’s leading CFOs and was adjudged by an eminent jury panel comprising leaders who are regulators, industrialists, merger and acquisition advisers, senior corporate strategists, business economists and more.
Mr. R. Shankar Raman received the award from the Chief Guest, Mr. Bibek Debroy, Member, NITI Aayog, at the awards function held in Mumbai on March 24, 2017.
Mr. A.M. Naik was honoured with the Lifetime Outstanding Achievement Award by Indore Management Association (IMA) in appreciation of his outstanding contribution to Indian industry and to society. The award was presented at the 26th International Management Conclave 2017 of IMA at Indore.
IMA, an association of entrepreneurs and professional managers, was formed in 1963. It is affiliated to the All India Management Association (AIMA) as one of its constituent bodies. It has direct and indirect membership of over 3500 members including corporates, professionals, academicians and students.
Mr. A.M. Naik was honoured with the GIANTS International Award 2015 for his pioneering contribution to the cause Business & Industry, in a ceremony on September 16, 2015.
Giants International is an India-based International Service Organization and provides its members an ideological base and organisational platform to enable citizens to play their role in improving socio-economic conditions for communities and position India as a premier nation in the evolving new world order.
L&T’s Group Executive Chairman, Mr. A.M. Naik, has been conferred the Order of the Dannebrog as Knight - First Class by Her Majesty Queen Margrethe of Denmark. The knighthood is Danish Royalty’s acknowledgement of Mr. Naik’s role in fostering Indo-Danish ties in the fields of business, commerce and culture.
This honour represents a progression of the accolade that Mr. Naik received from the Queen of Denmark in 2008. The formal investiture ceremony will take place in March 2015.
The Order of the Dannebrog is one of the world’s oldest Knight Orders, having been instituted in Denmark in 1671.
Appreciating Group Executive Chairman, Mr. A.M. Naik's efforts in transforming L&T to one of the most respected Indian multinationals and his contribution to the development of infrastructure in India, Business India - India's premier business magazine - conferred on him the prestigious Businessman of the Year Award 2014.
Each year Business India recognizes excellence in business, and commends performance by an outstanding individual in the business community in India. He is chosen as a role model for our times.
The pre-eminence of the selection panel and the very selection process itself, year upon year, has ensured that the Business India's Businessman of the Year distinction remains the most coveted by the business community.
L&T’s CEO & MD, Mr. K. Venkataramanan, was conferred the prestigious BP Godrej Lifetime Achievement Award 2014 by the Indian Institute of Chemical Engineers (IIChE).
The felicitation ceremony was part of the inaugural session of Chemcon 2014 (the flagship annual event of IIChE) at Punjab University campus in Chandigarh on December 27, 2014.
Mr. R. Shankar Raman, L&T’s Chief Financial Officer, won the prestigious ‘CFO of the Year’ Award presented by the leading business channel CNBC TV18 in March, 2013. The CNBC TV18 CFO of the Year Awards are among the most coveted in the financial community.
They honour “the best minds in finance that have steered their organizations through the choppy waters of the economic downturn”.
Mr. Shankar Raman was also awarded ‘Best Performing CFO in the Infrastructure & Power Sector’
In recognition of the outstanding contribution made by Mr. A.M. Naik, Executive Chairman, L&T, to the chemical industry, the Mumbai-based Indian Chemical Council (ICC) honoured him with the coveted D.M. Trivedi Lifetime Achievement Award for 2011.
Mr. S.N. Roy, Whole-time Director & Sr. EVP (Corporate Affairs & Power), L&T, accepted the award on behalf of Mr. Naik from Dr. Ashok Ganguly, Member of Parliament, in Mumbai on October 12, 2012.
The Harvard Business Review in its January-February 2013 edition named L&T’s Executive Chairman, Mr. A.M. Naik, as the 32nd Best Performing CEO in the world. In the industrial sector Mr. Naik ranked 4th Globally. The Harvard Business Review is one of the most respected business journals in the world.
Mr. Naik was ranked in a global study of 3143 CEOs from 1862 companies representing 64 nationalities and from companies based in 37 countries. The evaluation criteria included how much shareholder returns had changed over their tenure and the overall increase in market capitalization.
In the 2012 Power List of India's Top 50 industry leaders published by the renowned magazine, Manufacturing Today, L&T's Chairman & Managing Director, Mr. A.M Naik was inducted to the Hall of Fame.
The prestigious Hong Kong based magazine, Institutional Investor, ranked Mr. A.M. Naik, Asia's Best CEO in the Infrastructure Sector for 2012. In another significant honour Mr. R. Shankar Raman was voted best CFO in the survey.
Mr. A.M. Naik ranked in the Top 10 in corporate India's definitive power listing published by India's leading business daily, The Economic Times (ET). Mr. Naik's high impact and outstanding accomplishments have seen him ascend a listing that is among the most coveted in the Indian industry.
Mr. A.M. Naik’s role as leader of India’s premier infrastructure company and his contribution to nation building found affirmation once again as leading business channel CNBC TV18 honoured him with the prestigious ‘Infrastructure Leader of the Year’ award.
The award was presented at a ceremony in New Delhi on May 08, 2012. Mr. Naik received the award from the Chief Guest, Mr. Kamal Nath, Union Minister for Urban Development.
L&T's Chairman & Managing Director, Mr. A.M. Naik, was ranked as one of the top two of India’s Best CEOs in a study conducted by India’s leading business magazine Business Today (part of the India Today Group), leading international business school - INSEAD, and the Harvard Business Review.
L&T was conferred the FICCI CSR Award 2016-17 for innovative work in integrated community development for rural communities, as part of its CSR initiatives. The award was presented at the prestigious Federation of Indian Chambers of Commerce and Industry (FICCI) CSR Summit & Awards 2017, on November 30, 2017, at New Delhi.
The award was conferred in the category of Health, Water and Sanitation for Private Sector Companies. Watershed initiatives undertaken through L&T’s flagship Integrated Community Development Programme are implemented across five locations in three states. Communities in these locations have seen a significant increase in their water availability, crop productivity and community participation in decision-making over the project period.
L&T was conferred the first prize in the private sector of the prestigious Responsible Organization Excellence Awards for Corporate Social Responsibility (CSR) by the Associated Chambers of Commerce & Industry of India (ASSOCHAM).
The award was presented at the 9th Global CSR Summit of ASSOCHAM on September 27, 2017, at New Delhi. The award was conferred in the category of Education, Skill Development & Livelihood.
L&T’s CSR is centred on the theme of ‘Building India’s Social Infrastructure’. The skilling initiatives undertaken through L&T’s flagship Construction Skills Training Institutes (CSTIs), which provide residential training to school dropouts and migrant labour, were lauded by the jury headed by Justice Mr. V.N. Khare, Former Chief Justice of India. This award once again provides recognition and reinforcement to L&T’s commitment towards ‘Building India’s Social Infrastructure’ and reaching out to the most underserved segments through its innovative community development initiatives.
L&T was conferred the prestigious Best Practices Award for Sustainable Development Goals (SDGs) by the United Nations Global Compact (UNGC) at the 12th National Convention on ‘Making Global Goals Local Business’, organised by the UNGC Network India, on April 28, 2017, at New Delhi.
The award was based on a case study on the skilling initiative undertaken through L&T’s flagship Construction Skills Training Institutes (CSTIs), which provide residential training to school dropouts and migrant labour. The case study presented a link between the efforts of L&T at the community level with its commitment towards the UN’s SDGs which contain 17 developmental goals with 169 targets, ratified by 193 member countries of the UN.
In the Dow Jones Sustainability Index 2016 published on September 8, 2016, L&T was listed among the top 15 leaders in the Construction & Engineering sector in the world. In addition, L&T retained its position of being the only company from India in the Capital Goods category in the Emerging Markets Index (DJSI-EMI). This was the fourth consecutive year that L&T made it to the top few in the Capital Goods category and among the top 10 Indian companies who made it to the DJSI-EMI listing.
DJSI is the gold standard for corporate sustainability and the first global index to track the leading sustainability-driven companies based on the analysis of financially relevant Environmental, Social, and Governance (ESG) factors and S&P DJSI’s robust index methodology. Around 3,400 publicly traded companies from the developed and emerging markets are invited to take part in this annual Corporate Sustainability Assessment.
L&T’s Sustainability Report 2014 was adjudged the most outstanding in its category, and was conferred the prestigious Asia-Pacific Excellence Award.
The Asia-Pacific Excellence Awards honour outstanding achievements in communications and public relations across Asia-Pacific. The awards were presented at the Winners’ Day Symposium of the Asia-Pacific Excellence Awards held in Singapore on April 1, 2016.
The theme of L&T’s Sustainability Report 2014 was ‘inclusive growth’. Its cover featured two primary elements - the rupee symbol depicting economic success and ‘Ka’ the first letter of the Devnagari alphabet denoting the foundation of education and knowledge. Like all its preceding editions, this report too received GRI Checked A+ rating, indicating the highest level of disclosure accorded by Global Reporting Initiative, the world’s most respected body in the field of sustainability reporting.
L&T emerged the leader in sustainability in the capital goods sector in India on the Dow Jones Sustainability Emerging Market Indices (DJSI-EMI) 2015. L&T improved its score by 35% over the last year. This reflects the success of L&T’s wide-ranging sustainability initiatives.
DJSI tracks the performance of the world’s leading companies in terms of economic, environmental and social criteria. This is the third consecutive year that L&T has made it to the top few in the DJSI-EMI - a recognition of L&T’s continued commitment to its sustainability programmes.
L&T-MHI Boilers Private Ltd) won the prestigious National Energy Conservation Award for the year 2013 presented by the Ministry of Power.
The award recognises the contribution of L&T-MHPS Boilers and the viable solutions it offers for energy conservation.
L&T’s wide-ranging CSR efforts received further recognition as a survey by the leading business newspaper The Economic Times along with Futurescape and IIM Udaipur ranked us among the Top 10 of ‘India’s Best Companies for CSR’.
The Economic Times survey studied the country’s top 115 companies to arrive at the ranking. It covers industries as varied as automobiles, banks, diversified, FMCG, infrastructure, information technology, metals and mining, oil, power, steel, pharmaceuticals, telecommunications and others.
L&T was conferred the ‘Inclusive India’ Award in the Corporate Foundation category by the ICICI Foundation and the leading business TV channel, CNBC TV 18.
The award recognises L&T’s contribution in providing employable skills to rural youth through its various skill-building programmes. L&T’s eight Construction Skills Training Institutes and CSR programmes conducted through its Ladies’ Clubs have reached to over 28,000 youth across the country in 2013-14 alone.
L&T has been ranked 2nd in Asia in the industrial sector in Channel News Asia's Sustainability Rankings.
Channel News Asia, a respected Singapore-based news & current affairs TV channel, conducted an analysis of companies across Asia to determine the continent's Top 100 'Most Sustainable Corporations'.
The analysis took into account the performance of the company in terms of contribution to social development, good governance and environmental protection.
L&T’s Sustainability Report – Future Now – was declared the best corporate report by the World CSR Congress for its width and depth of coverage, its high degree of transparency and the engaging manner in which it has projected non-financial data.
The award was part of the Global Sustainability Leadership Awards 2014 instituted by the World CSR Congress. The selection process involved rigorous screening of applications from a number of corporates. Shortlisted contestants then made presentation to jury members comprising international CSR consultants, CEOs, sustainability experts and members of the media.
The community initiatives of L&T Vizag unit also received an award in ‘Outstanding Social Impact’ category.
The solar lantern from L&T Electrical & Automation - D.VA won the India Design Mark Award (IMark) presented by the New Delhi based India Design Council for its exceptional design. D.VA is a solar-powered portable light fixture that offers significant advantages over conventional solar lanterns.
The India Design Council grants IMark after evaluating designs through a systemised process. It is initiated in cooperation with Good Design Award, Japan. Through IMark, the India Design Council seeks to inspire Indian manufacturers to bring out well-designed products that enrich the lives of people.
D.VA, the newly launched solar lantern in the Indian market, was conceived by the in-house design team in our Switchgear Design & Development Laboratory.
L&T is The Economic Times ‘Corporate Citizen of the Year – 2013’, winning what is widely regarded as the most coveted, and keenly contested award in the CSR space. The Jury cited our ‘Ingrained Culture of Corporate Citizenship' as a key factor in the recognition.
The Corporate Citizen Award is part of the prestigious annual bouquet of Awards for Corporate Excellence presented by The Economic Times - India’s largest selling business newspaper.
L&T has once again won recognition for its commitment to corporate governance and sustainability practices. The Indian Chamber of Commerce (ICC) awarded L&T the Corporate Governance and Sustainability Vision Award 2013 in the ‘Water Stewardship’ category.
The award was received by Mr. K.R. Palta, Advisor to the Chairman, L&T, from Mr. Arun Maira, Member, Planning Commission – Government of India, at a function held in New Delhi on February 19, 2013. This award recognises L&T’s initiatives for water conservation, processes & practices to reduce its water footprint and watershed development for communities.
L&T was awarded the ‘Caring Company Award’ on February 17-18, 2013 by the World CSR Congress for its sustained initiatives in reaching out to the underprivileged.
The Caring Company Award is presented to companies displaying exemplary corporate citizenship and commitment to create a truly cohesive society. The evaluation for the award was carried out by an independent jury panel and Council of Board Members of the World CSR Congress.
L&T Heavy Engineering was conferred the prestigious CII–ITC Sustainability Award. L&T HE received the Certificate of Commendation for Strong Commitment to the cause of sustainability. Mr. Y. S. Trivedi, Executive Vice President and Member of the Board – Heavy Engineering, received the award on January 14, 2013 from the President of India,
Mr. Pranab Mukherjee.
The annual CII-ITC Sustainability Awards are conferred on Indian businesses that demonstrate excellent performance in the area of sustainable development. Instituted in 2006 by the Confederation of Indian Industry (CII) and FMCG major ITC, the Sustainability Awards are aimed at recognising exemplary performance in economic, social and environmental dimensions of Indian business.
L&T’s commitment to corporate sustainability won industry recognition once again. The Indian Chamber of Commerce (ICC) awarded the Company, the Corporate Governance and Sustainability Vision Award 2012 in the ‘Sustainability Reporting’ category. (February 23, 2012)
In November 2012, Newsweek, the globally respected and widely read news magazine published ‘Green Rankings’ - a comparative score card of the top 500 green companies.
L&T placed fourth in the Industrial Goods category worldwide, ahead of many of its global peers including GE, ABB, Schneider, amongst others, and is the highest in India in this category. L&T also features among the world’s top 100 companies across all categories.
L&T’s performance in environmental conservation won market recognition as it was ranked third in a weighted tally of the ‘Green Index’ published by the Bombay Stock Exchange. Called the ‘BSE-GREENEX’, this first-of-its-kind index assesses the ‘carbon performance’ of companies drawn from the BSE Top 100. L&T’s high ranking is specially commendable since the BSE-GREENEX is not a subjective assessment and applies sector-specific algorithms to determine energy performance and is based on publicly disclosed data. (February 22, 2012)