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 60 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Macrotech Developers Limited DBA Lodha's reported carbon emissions
In 2024, Macrotech Developers Limited, operating under the Lodha brand, reported total greenhouse gas emissions of approximately 1,000,000 kg CO2e for Scope 1, 2, and 3 combined. Specifically, their emissions breakdown includes 2,232,000 kg CO2e for Scope 1, 2,186,000 kg CO2e for Scope 2, and a significant 1,085,865,000 kg CO2e for Scope 3 emissions. This represents a substantial increase in emissions compared to 2023, where total emissions were approximately 858,074,000 kg CO2e, with Scope 1 at 1,588,000 kg CO2e and Scope 2 at 8,362,000 kg CO2e. Macrotech 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 the 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, they aim for a 51.6% reduction per square meter of area developed by FY2030, also from a FY2022 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to significant emissions reductions in the real estate sector. Macrotech's strategy includes maintaining at least 97.9% reductions in Scope 1 and 2 emissions from FY2028 through FY2050, alongside a similar target for Scope 3 emissions by FY2050.
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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 participating in some 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.
