In 2025, L&T Finance completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
L&T Finance has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 386.23a | 405.47a | 387.14a | |
Total Scope 2 | ||||
Market-Based | 1,909.16a | 2,312.25a | 2,928.24a | |
Location-Based | 5,592.68a | 4,755.45b | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 49,140a | 6,698.35a | 4,051.92b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.2072a | 0.2491a | 0.4874a |
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In 2025, the total operational greenhouse gas (GHG) emissions of L&T Finance amounted to 5,978.91 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of L&T Finance increased by 15.85%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2025, the total Scope 1 emissions of L&T Finance were 386.23 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, L&T Finance's Scope 1 emissions have increased by 3,889.98%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), L&T Finance's Scope 1 emissions decreased by 4.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, L&T Finance reported Scope 2 greenhouse gas (GHG) emissions of 1,909.16 tCO₂e using the market-based method and 5,592.68 tCO₂e using the location-based method.a
Compared to the previous year (2024), L&T Finance's Scope 2 emissions (Location-Based) rose by 17.61% in 2025, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2025, L&T Finance reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, L&T Finance reported 49,140 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of L&T Finance includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2024, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2025, L&T Finance reported total Scope 3 emissions of 49,140 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, L&T Finance's Scope 3 emissions have increased by 5,431.48%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), L&T Finance's Scope 3 emissions increased by 633.61%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, L&T Finance reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2025, the largest contributors to L&T Finance's Scope 3 emissions were:a
In 2025, L&T Finance reported Scope 1 greenhouse gas (GHG) emissions of 386.23 tCO₂e and total revenues of USD 1,864 millions. This translates into an emissions intensity of 0.21 tCO₂e per millions USD.a
In 2025, L&T Finance reported a Scope 1 emissions intensity of 0.21 tCO₂e per millions USD. Compared to the peer group median of 0.52, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, L&T Finance ranked 10 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
L&T Finance is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, L&T Finance reported a total carbon footprint of 55,118.91 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 364.77% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to L&T Finance's total carbon footprint was Scope 3 emissions, accounting for 89.15% of the company's total carbon footprint, followed by Scope 2 emissions at 10.15%.a