Lakshmi Machine Works
Lakshmi Machine Works (LMW), headquartered in Coimbatore, India, is a leading player in the textile machinery and engineering sectors. Established in 1962, LMW has consistently innovated, becoming a trusted name in the manufacturing of high-quality textile spinning machines and precision engineering components. With a strong presence in both domestic and international markets, LMW's core offerings include a diverse range of spinning machinery, automatic winding machines, and CNC machine tools. Their commitment to quality and technological advancement sets them apart in the industry. Recognised for their excellence, LMW has achieved significant milestones, including numerous awards for innovation and quality. As a pioneer in the textile machinery sector, Lakshmi Machine Works continues to shape the future of textile manufacturing with its cutting-edge solutions and robust market position.
DitchCarbon Score
How does Lakshmi Machine Works'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 Textile Manufacturing 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
Lakshmi Machine Works's score of 17 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Lakshmi Machine Works's reported carbon emissions
In 2023, Lakshmi Machine Works reported total carbon emissions of approximately 24,362,050 kg CO2e, comprising 5,638,410 kg CO2e from Scope 1 and 19,052,640 kg CO2e from Scope 2. This data reflects a commitment to transparency in emissions reporting, with both scopes disclosed. The company has set ambitious climate commitments, aiming to offset 100% of its energy consumption with renewable energy by 2030. This target applies to both Scope 1 and Scope 2 emissions, indicating a strategic focus on reducing net emissions through enhanced energy management practices. The initiative is part of a broader effort to track and mitigate overall energy consumption, with a near-term timeframe for implementation starting in 2023. In 2022, emissions were recorded at approximately 27,755,570 kg CO2e, with Scope 1 emissions at 6,703,330 kg CO2e and Scope 2 at 26,845,240 kg CO2e. The reduction in emissions from 2022 to 2023 suggests a positive trend towards achieving their climate goals. Overall, Lakshmi Machine Works is actively working towards significant emissions reductions and is on track to meet its renewable energy targets, reflecting a commitment to sustainability and climate responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 6,703,330 | 0,000,000 |
| Scope 2 | 26,845,240 | 00,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Lakshmi Machine Works is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
