Larsen & Toubro (L&T) has ranked No.3 in the ‘Top 200 Environmental Firms’ list for 2022 released by Engineering News-Record (ENR), New York. L&T is the only Indian firm on this list, with pro-environmental revenues of USD 4.83 billion in 2021, accounting for 30% of the company’s total revenues.
In terms of ENR’s segmentation of the sector-wise share of the companies’ revenues, L&T has 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.
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.
S N Subrahmanyan, CEO & MD, 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,”
L&T has also pledged to achieve Water Neutrality by 2035 and Carbon Neutrality by 2040 as part of the ESG commitments. L&T’s climate change, energy efficiency and renewable energy programmes are aligned with the National Action Plan on Climate Change (NAPCC), released by the Government of India.