L&T Finance Ltd

Common Name
L&T Finance
Country
India
Sector
Financial Services
Industry
Credit Services
Employees
36,521
Ticker
LTF
Exchange
NATIONAL STOCK EXCHANGE OF INDIA
Description
L&T Finance Ltd. is a prominent non-banking financial company in India, providing a diverse range of financial products and services. It primarily focuses on retail and wholesale lending, catering to ...

L&T Finance's GHG Emissions Data Preview

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)2025202420232022 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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a
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a
0000000
Location-Based
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a
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b
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0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind L&T Finance’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore L&T Finance’s data sources below and access millions more through our Disclosure Search.

a. L&T Finance's Integrated Report 2025
a. L&T Finance's Integrated Report 2025
b. L&T Finance's Integrated Report 2024
b. L&T Finance's Integrated Report 2024
c. L&T Finance's Integrated Report 2022
c. L&T Finance's Integrated Report 2022

Insights into L&T Finance's Operational Emissions

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. a b

L&T Finance's Scope 1 Emissions Over Time

202120222023202420250150300450600tCO2e+3722%+5%+5%-5%
  • Total Scope 1
  • Year-over-Year Change

What are L&T Finance's Scope 1 emissions?

In 2025, the total Scope 1 emissions of L&T Finance were 386.23 metric tons of CO₂ equivalent (tCO₂e). a

Has L&T Finance reduced its Scope 1 emissions over time?

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. a c

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

What are L&T Finance's Scope 2 emissions?

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

Has L&T Finance reduced its Scope 2 emissions over time?

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 energy a b

What methodology does L&T Finance use for Scope 2 reporting?

In 2025, L&T Finance reported its Scope 2 emissions using the market-based method and using the location-based method. a

L&T Finance's Scope 2 Emissions Over Time

2021202220232024202501.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into L&T Finance's Value Chain Emissions

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 chain a

L&T Finance's Scope 3 Emissions Over Time

20212022202320242025015 k30 k45 k60 ktCO2e+311%+11%+65%+634%
  • Total Scope 3
  • Year-over-Year Change

What are L&T Finance's Scope 3 emissions?

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

Has L&T Finance reduced its Scope 3 emissions over time?

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. a c

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

What categories of Scope 3 emissions does L&T Finance disclose?

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.

What are the main sources of L&T Finance's Scope 3 emissions?

In 2025, the largest contributors to L&T Finance's Scope 3 emissions were: a

  • Employee Commuting (Cat. 7): 28,766.1 tCO₂e (58.54%)
  • Purchased Goods and Services (Cat. 1): 12,165.37 tCO₂e (24.76%)
  • Capital Goods (Cat. 2): 4,891.42 tCO₂e (9.95%)

L&T Finance's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(24.8%)Capital Goods(Cat. 2)(10.0%)Employee Commuting(Cat. 7)(58.5%)

Insights into L&T Finance’s GHG Emissions Intensity Compared to Industry Peers

In 2025, L&T Finance reported Scope 1 greenhouse gas (GHG) emissions of 386.23 tCO₂e and total revenues of USD 1,132 millions. This translates into an emissions intensity of 0.34 tCO₂e per millions USD. a

L&T Finance's Scope 1 Emissions Intensity Compared to Peers

0.251002,00050,000Scope 1 Emissions (tCO2e)1002001,0002,00010,000Revenues (Millions of USD)IBSEYear: 2025Scope 1: 77 tCO2eRevenue: $M 346Scope 1 Intensity: 0.22 tCO2e/$MMotilal Oswal Financial ServicesYear: 2024Scope 1: 3 tCO2eRevenue: $M 610Scope 1 Intensity: 0.01 tCO2e/$MSammaan CapitalYear: 2024Scope 1: 384 tCO2eRevenue: $M 398Scope 1 Intensity: 0.97 tCO2e/$MRBL BankYear: 2024Scope 1: 116 tCO2eRevenue: $M 1,076Scope 1 Intensity: 0.11 tCO2e/$MCholamandalam Financial HoldingsYear: 2025Scope 1: 621 tCO2eRevenue: $M 4,077Scope 1 Intensity: 0.15 tCO2e/$MPower FinanceYear: 2024Scope 1: 1 tCO2eRevenue: $M 4,000Scope 1 Intensity: 0.00 tCO2e/$MSouth Indian BankYear: 2023Scope 1: 201 tCO2eRevenue: $M 482Scope 1 Intensity: 0.42 tCO2e/$MBajaj FinanceYear: 2025Scope 1: 6,169 tCO2eRevenue: $M 4,958Scope 1 Intensity: 1.24 tCO2e/$MAngel OneYear: 2025Scope 1: 25 tCO2eRevenue: $M 497Scope 1 Intensity: 0.05 tCO2e/$MRECYear: 2025Scope 1: 306 tCO2eRevenue: $M 2,550Scope 1 Intensity: 0.12 tCO2e/$MPiramal EnterprisesYear: 2025Scope 1: 92 tCO2eRevenue: $M 1,107Scope 1 Intensity: 0.08 tCO2e/$MSundaram FinanceYear: 2025Scope 1: 2,388 tCO2eRevenue: $M 493Scope 1 Intensity: 4.84 tCO2e/$MPoonawalla FincorpYear: 2025Scope 1: 347 tCO2eRevenue: $M 468Scope 1 Intensity: 0.74 tCO2e/$M360 One WamYear: 2025Scope 1: 0 tCO2eRevenue: $M 300Scope 1 Intensity: 0.00 tCO2e/$MShriram FinanceYear: 2025Scope 1: 4,236 tCO2eRevenue: $M 2,597Scope 1 Intensity: 1.63 tCO2e/$MCholaYear: 2025Scope 1: 356 tCO2eRevenue: $M 1,570Scope 1 Intensity: 0.23 tCO2e/$MHousing and Urban DevelopmentYear: 2025Scope 1: 34 tCO2eRevenue: $M 421Scope 1 Intensity: 0.08 tCO2e/$MIDFC First BankYear: 2025Scope 1: 19,417 tCO2eRevenue: $M 3,090Scope 1 Intensity: 6.28 tCO2e/$MIDBI BankYear: 2025Scope 1: 2,361 tCO2eRevenue: $M 2,106Scope 1 Intensity: 1.12 tCO2e/$MIREDAYear: 2025Scope 1: 22 tCO2eRevenue: $M 774Scope 1 Intensity: 0.03 tCO2e/$MIIIndian Railway FinanceYear: 2025Scope 1: 21 tCO2eRevenue: $M 3,177Scope 1 Intensity: 0.01 tCO2e/$ML&T FinanceYear: 2025Scope 1: 386 tCO2eRevenue: $M 1,132Scope 1 Intensity: 0.34 tCO2e/$M

How does L&T Finance's GHG emissions intensity compare to its peers?

In 2025, L&T Finance reported a Scope 1 emissions intensity of 0.34 tCO₂e per millions USD. Compared to the peer group median of 0.15 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does L&T Finance rank on GHG emissions intensity within its industry?

In 2025, L&T Finance ranked 14 out of 21 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

Insights into L&T Finance's Total Carbon Footprint

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. a b

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

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