Environment

Environment

Tech-led innovation for sustainable growth is deeply rooted in our business. We believe that our vision for a better world can be achieved through ‘Engineering a Sustainable Future” for all. Through optimal use of energy, decarbonizing energy consumption through renewable energy, reducing water consumption, waste minimisation and management, use of recycled material and adopting sustainable processes, we aim to keep amplifying our positive impact on the planet and its people, thus creating a meaningful impact for our stakeholders. We have committed towards achieving carbon and water neutrality, and a snapshot of progress made is showcased here.

Energy

In FY 2023-24, L&T’s total energy consumption was 10.5 Mn GJ, comprising direct energy consumption of 8.8 Mn GJ and indirect energy consumption of 1.7 Mn GJ. Total energy intensity has decreased by 15.9% compared to FY 2022-23 and 13% compared to FY 2020-21 (baseline).

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GHG Emissions

Emissions attributed to L&T’s operations arise primarily from the use of fossil fuels, electricity, and material in its operations and processes. Emissions (Scope 1+2) intensity has decreased by 12.2% in FY 2023-24 compared to FY 2022-23 mainly due to a reduction in direct energy consumption intensity.

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Water

Water consumption for L&T is primarily driven by water required in civil works in EPC projects. The Company has identified various initiatives to reduce water consumption and increase wastewater recycling at project sites and manufacturing facilities.

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Waste and Circular Economy

Waste management is a material topic and a key focus area for L&T due to the volume and type of material used in EPC projects and manufacturing.

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Biodiversity

L&T planted ~4 million saplings in FY 2023-24, with over 99% planted by Water & Effluent Treatment (WET) business. Over the years (2008-2024), L&T has planted around 13 million saplings. During 15-17 August 2023, a massive plantation drive 'Project GreenHands' was undertaken with more than 2.5 million saplings planted across 559 project sites.

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