L&T Finance Ltd
L&T Finance's GHG Emissions Data Preview
In 2023, 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 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Verified Sources Behind L&T Finance’s Greenhouse Gas (GHG) Emissions Data
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Insights into L&T Finance's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of L&T Finance amounted to 3,315.38 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 2022, the total operational greenhouse gas (GHG) emissions of L&T Finance decreased by 30.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
L&T Finance's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are L&T Finance's Scope 1 emissions?
In 2023, the total Scope 1 emissions of L&T Finance were 387.14 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 3,899.38%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), L&T Finance's Scope 1 emissions increased by 4.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are L&T Finance's Scope 2 emissions?
In 2023, L&T Finance reported Scope 2 greenhouse gas (GHG) emissions of 2,928.24 tCO₂e without specifying the calculation method. a
Has L&T Finance reduced its Scope 2 emissions over time?
Since 2021, L&T Finance's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 21.18%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), L&T Finance's Scope 2 emissions (Unspecified Calculation Method) fell by 33% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does L&T Finance use for Scope 2 reporting?
In 2023, L&T Finance reported its Scope 2 emissions using an unspecified methodology. a
L&T Finance's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into L&T Finance's Value Chain Emissions
In 2023, L&T Finance reported 4,051.92 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 2023 disclosure of L&T Finance includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
L&T Finance's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are L&T Finance's Scope 3 emissions?
In 2023, L&T Finance reported total Scope 3 emissions of 4,051.92 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 356.11%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), L&T Finance's Scope 3 emissions increased by 11.08%, 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 2023, L&T Finance reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of L&T Finance's Scope 3 emissions?
In 2023, the largest contributors to L&T Finance's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 2,331.79 tCO₂e (57.55%)
- Business Travel (Cat. 6): 1,297.76 tCO₂e (32.03%)
- Purchased Goods and Services (Cat. 1): 367.65 tCO₂e (9.07%)
L&T Finance's Scope 3 Emissions by Categories
Insights into L&T Finance's Total Carbon Footprint
In 2023, L&T Finance reported a total carbon footprint of 7,367.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.17% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to L&T Finance's total carbon footprint was Scope 3 emissions, accounting for 55% of the company's total carbon footprint, followed by Scope 2 emissions at 39.75%. a