In 2024, LIC conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2024 | 2023 |
|---|---|---|
Total Waste Generated | 4,201.411a | 5,127.852a |
Total Waste Recovered | N/A | N/A |
Total Hazardous Waste Generated | 116a | 337a |
Non-Hazardous Waste Disposed | N/A | N/A |
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In 2024, LIC generated a total of 4,201 metric tonnes of waste.a
Of this amount, 2.76% of LIC's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment.97.13% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.a
Since 2024, LIC's total waste generation has decreased by 18.07%, suggesting improvements in operational efficiency or the early results of waste minimization strategies.a
Since 2024, LIC's hazardous waste generation has decreased by 57.99%, suggesting a recent shift toward safer materials, improved waste handling protocols, or stronger compliance with environmental standards.a
Overall, LIC has reduced both its total waste and hazardous waste in the last year, suggesting effective waste management practices and improved material sourcing.a