L&T Finance Holdings makes remarkable improvements on the sustainability front, earns globally coveted rating
In its latest report, the international non-profit organisation CDP (formerly known as the Carbon Disclosure Project) has assigned a coveted ‘B’ score to L&T Finance Holdings (LTFH).
This is up from the ‘D’ score that LTFH had earned in 2021. Based on voluntary disclosures, CDP assesses the environmental impact of the companies and cities concerned. It aims to make environmental reporting and risk management a business norm and motivate action towards a sustainable economy.
CDP’s ratings are the gold standard of environmental reporting, with the richest and most comprehensive dataset on corporate action. LTFH has been reporting to CDP India on climate change since 2020.
LTFH’s significant improvement in CDP score indicates that the company is taking coordinated action on climate issues towards implementing sustainable processes and systems. The improvement can be attributed to LTFH’s growing focus on environmental, social and governance (ESG) measures.
LTFH has also adopted specific targets for carbon neutrality by 2035 and water positivity by 2023.
The company has aligned its internal policies, processes, and activities, keeping in mind the environmental impacts and opportunities.
“Our ESG roadmap is aligned to L&T Group’s overall five-year strategic plan, Lakshya 2026. We are focusing on decarbonising our business footprint by using green power and creating carbon sinks to offset residual emissions. The significant improvement in our CDP score is a validation of our commitment and efforts at building an ESG-conscious organisation and affirms that we are on track,” says Mr Dinanath Dubhashi (MD & CEO – LTFH).
Upping with App
Over one million customers have downloaded L&T Financial Services’ (LTFS) PLANET app, and now find managing their loan relationships with the company more convenient than ever.
Launched earlier this year, PLANET (Personalised Lending & Assisted NETworks) helps customers seamlessly manage their loan accounts, including monthly EMI payments. They can easily access loan-related documents and avail of personalised offers through the app.
PLANET is a milestone towards LTFS’ goal of Fintech @ Scale as outlined in L&T’s Lakshya 2026 plan. The app is available on Google Play Store and Apple App Store.
