Macrotech Developers Limited DBA Lodha
Macrotech Developers Limited, commonly known as Lodha, is a prominent real estate development company headquartered in India. Established in 1995, Lodha has made significant strides in the residential and commercial property sectors, primarily operating in major cities such as Mumbai, Pune, and Hyderabad. The company is renowned for its innovative approach to urban living, offering a diverse portfolio that includes luxury residential complexes, commercial spaces, and integrated townships. Lodha's commitment to quality and sustainability sets it apart in the competitive real estate market. With numerous accolades and a strong market position, Lodha has consistently been recognised for its excellence in construction and design, making it a trusted name in the industry. As it continues to expand its footprint, Lodha remains dedicated to shaping the future of urban development in India.
DitchCarbon Score
How does Macrotech Developers Limited DBA Lodha'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
Macrotech Developers Limited DBA Lodha's score of 66 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Macrotech Developers Limited DBA Lodha's reported carbon emissions
In 2023, Macrotech Developers Limited, operating as Lodha, reported total greenhouse gas emissions of approximately 920,211,000 kg CO2e. This figure includes 1,588,000 kg CO2e from Scope 1 emissions, primarily from direct operations, and 8,362,000 kg CO2e from Scope 2 emissions, which are associated with purchased electricity. The majority of their emissions, about 858,074,000 kg CO2e, fall under Scope 3, encompassing indirect emissions from the value chain. Lodha has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire 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 the baseline year. Additionally, they plan to increase their sourcing of renewable electricity from 19% in FY2022 to 100% by FY2027 and maintain this level through FY2030. For Scope 3 emissions, Lodha aims to achieve a 51.6% reduction per square metre of area developed by FY2030, also based on FY2022 figures. These targets align with the Science Based Targets initiative (SBTi) and reflect Lodha's commitment to sustainable practices within the real estate sector. The company is actively working towards these goals to mitigate its environmental impact and contribute to global climate efforts.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 1,019,340 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 21,151,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 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.
Macrotech Developers Limited DBA Lodha 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.
