Lodha Group
Lodha Group, officially known as Lodha Developers, is a prominent real estate development company headquartered in Mumbai, India. Established in 1980, the company has significantly shaped the urban landscape of major Indian cities, including Mumbai, Pune, and Hyderabad. Specialising in residential, commercial, and mixed-use developments, Lodha Group is renowned for its commitment to quality and innovation. With a diverse portfolio that includes luxury apartments, integrated townships, and commercial spaces, Lodha Group stands out for its customer-centric approach and sustainable building practices. The company has achieved numerous accolades, solidifying its position as one of India's leading real estate firms. Notable projects, such as the iconic Lodha Place and Palava City, exemplify its dedication to excellence and community development.
DitchCarbon Score
How does Lodha Group'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 Real Estate Services 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
Lodha Group's score of 43 is lower than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Lodha Group's reported carbon emissions
In 2023, Lodha Group reported significant carbon emissions, totalling approximately 858,074,440 kg CO2e in Scope 3, alongside 1,587,500 kg CO2e in Scope 1 and 8,361,900 kg CO2e in Scope 2. The following year, 2024, emissions increased, with Scope 3 emissions reaching about 1,085,865,330 kg CO2e, while Scope 1 and Scope 2 emissions were reported at 2,231,500 kg CO2e and 2,185,600 kg CO2e, respectively. Lodha Group has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 97.9% by FY2028, using FY2022 as a baseline. Additionally, they plan to increase their sourcing of renewable electricity from 19% in FY2022 to 100% by FY2027 and maintain this through FY2030. For Scope 3 emissions, the target is a reduction of 51.6% per square metre of area developed by FY2030, also from a FY2022 baseline. These commitments reflect Lodha Group's dedication to sustainability and align with industry standards for climate action, demonstrating a proactive approach to reducing their carbon footprint and addressing climate change.
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Add to project| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,587,500 | 0,000,000 |
| Scope 2 | 8,361,900 | 0,000,000 |
| Scope 3 | 858,074,440 | 0,000,000,000 |
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.
Lodha Group is committed to some reduction initiatives 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.
