Lakshmi Machine Works Sustainability Profile
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 lower than 55% 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 (LMW) reported total carbon emissions of approximately 56,384,410 kg CO2e for Scope 1 and 19,052,640 kg CO2e for Scope 2. This reflects a commitment to tracking and reducing emissions, with a focus on energy consumption. The company has set ambitious targets to offset 100% of its energy consumption with renewable energy by 2025 for both Scope 1 and Scope 2 emissions. For the previous year, 2022, LMW's emissions were approximately 41,956,030 kg CO2e for Scope 1 and 8,836,770 kg CO2e for Scope 2. This indicates a proactive approach to managing emissions, although specific reduction percentages have not been disclosed. LMW's climate commitments include a near-term target to achieve net-zero emissions by 2025, with a long-term goal of maintaining this commitment through 2030. The company is currently on track to meet its renewable energy offset targets, demonstrating a strong commitment to sustainability and climate action. All emissions data is sourced directly from LMW Limited, with no cascaded data from parent organizations.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 6,703,330 | 0,000,000 |
| Scope 2 | 26,845,240 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Lakshmi Machine Works's Industry?
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Lakshmi Machine Works'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.
Lakshmi Machine Works 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.
