L&T Finance Limited Sustainability Profile
L&T Finance Limited, a prominent player in the Indian financial services sector, is headquartered in Mumbai, India. Established in 1994, the company has grown significantly, offering a diverse range of financial products and services, including retail and wholesale financing, insurance, and asset management. With a strong presence across major operational regions in India, L&T Finance is known for its customer-centric approach and innovative solutions tailored to meet the evolving needs of its clients. The company has achieved notable milestones, positioning itself as a trusted partner in the financial landscape. L&T Finance's core offerings, such as personal loans, vehicle financing, and investment solutions, are distinguished by their competitive rates and flexible terms, making them appealing to a wide customer base. As a subsidiary of the renowned Larsen & Toubro Group, L&T Finance Limited continues to solidify its market position through strategic growth and a commitment to excellence.
DitchCarbon Score
How does L&T Finance Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
L&T Finance Limited's score of 42 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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L&T Finance Limited's reported carbon emissions
In 2024, L&T Finance Limited reported total carbon emissions of approximately 8,000,070 kg CO2e, comprising 405,470 kg CO2e from Scope 1, 2,312,250 kg CO2e from Scope 2, and 6,698,350 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2023, where total emissions were about 7,000,290 kg CO2e, with Scope 1 at 387,130 kg CO2e, Scope 2 at 2,928,240 kg CO2e, and Scope 3 at 4,051,920 kg CO2e. L&T Finance has made notable strides in reducing its carbon footprint, achieving a reduction of approximately 30% in both Scope 1 and Scope 2 emissions between 2022 and 2023. This reduction was primarily driven by an increase in renewable power procurement. The company has disclosed emissions data for all three scopes, indicating a comprehensive approach to carbon management. The emissions data is cascaded from L&T Finance Limited, which is a current subsidiary, and reflects the company's commitment to addressing climate change through measurable targets and initiatives.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 387,130 | 000,000 | 000,000 |
| Scope 2 | 2,928,240 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,647,750 | 0,000,000 | 0,000,000 |
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L&T Finance Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
L&T Finance Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
