Larsen & Toubro (L&T), the only Indian firm, has been ranked number three in the ‘Top 200 Environmental Firms’ list for 2022 by Engineering News-Record (ENR), New York. It’s pro-environmental revenues of $4.83 billion in 2021 accounted for 30% of the company’s total revenues. ENR is one of the world’s most authoritative publications covering construction industry affairs since 1917.
In terms of ENR’s segmentation of the sector-wise share of the companies’ revenues, L&T ranked No.3 in both the lists of projects pertaining to Air Quality / Clean Energy and Water Treatment/Supply. While L&T earned total pro environmental revenues of USD 4.83 billion in 2021, the projects from these two categories accounted for 67% of that.
The other notable aspect is that in terms of client-wise segmentation of revenues, L&T ranks No.1 when its client is Federal Government and No.2 when its clients are State/Local Governments. In all, 94% of L&T’s revenues are sourced from clients who are Federal Government and State / Local Governments. This is reflective of the fact that L&T’s pro environmental revenues are largely aligned to and driven by the government’s commitment to promote environment-friendly practices.
S N Subrahmanyan, CEO and MD of L&T, said, “What is even more special is the fact that we came third when pro environmental revenues account for about a third of our total revenues, whereas the corresponding figures for the first and send rank-holders are 100% and 51% respectively. So, we have plenty of headroom to go up the international rankings in the coming years. Our efforts to promote Green Hydrogen and its linkage technologies will definitely add momentum to this.”
As part of its ESG commitments, L&T has pledged to achieve Water Neutrality by 2035 and Carbon Neutrality by 2040. L&T’s climate change, energy efficiency and renewable energy program are aligned with the National Action Plan on Climate Change (NAPCC), released by the Government of India. The company’s programs, it says, are also being aligned to the Nationally Determined Contributions (NDCs) ratified by the Government of India during the COP 21 Paris Agreement.
Larsen & Toubro operates in over 50 countries worldwide. It has been in business for more than eight decades
