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Larsen & Toubro (L&T) is a multinational conglomerate engaged in engineering, procurement and construction (EPC) projects, hi-tech manufacturing and services. The company was founded in 1946 and is headquartered in Mumbai, India. L&T has 118 subsidiaries, six associates, 25 joint ventures and 35 joint operations, and operates in more than 50 countries worldwide.
Summary
L&T demonstrates transparency in its reporting on numerous sustainability topics, however, there is clear potential to strengthen its performance in many areas in order to improve its position in the benchmark. The company engages with local governments on collaborative projects and addresses issues faced by vulnerable and marginalised communities through stakeholder engagement. Additionally, it discloses information on water withdrawal and protection of natural ecosystems.
Regardless, there is potential for the company to strengthen its performance in some of the benchmarked areas. L&T should enhance its approach to improving the affordability of its products and services by providing clearer evidence on how its cost-reduction initiatives benefit consumers. The company targets achieving carbon neutrality by 2040; however, it should disclose whether its emissions intensity target includes scope 3 emissions.
Furthermore, the company’s reporting of regular noise monitoring is limited. While L&T publicly commits to respect human rights, it should also disclose its process to identify and mitigate its salient human rights risks. Addressing these areas will help L&T strengthen its sustainability practices and better align with industry standards.
Ranking position
#64
/300
Total score
20.3
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
31.7
/100
Rank (0-300)
#11
Measurement area
Inclusive Cities
Score
# 1
20.8
/100
Rank (0-300)
#114
Measurement area
Healthy Cities
Score
# 1
12.2
/100
Rank (0-300)
#61
Measurement area
Climate Proof & Resilient Cities
Score
# 1
17.5
/100
Rank (0-300)
#63
Measurement area
Core Social Indicators
Score
# 1
19.4
/100
Rank (0-300)
#104
Industries
Industries
Construction
#8
More about the company
Headquarters
India
Ownership structure
Public
Revenue
USD 23,698 billion (2022)
Number of employees
46935 (2022)
Website
https://investors.larsentoubro.com
63716
