L&T Finance Holdings Achieves Highest CDP Score of ‘A-’ in Leadership Band
LTFH is amongst 17 percent of companies that reached the Leadership level in its Activity Group. A CDP score is a snapshot of a company's environmental disclosure and performance.
February 22, 2024. By News Bureau
For the Company this is an improvement from the previous best of ‘B’ ‘Management’ band. The rating is higher than the Asia regional average of ‘C’, and higher than the specialised professional services sector average of ‘C’.
LTFH is amongst 17 percent of companies that reached the Leadership level in its Activity Group. A CDP score is a snapshot of a company's environmental disclosure and performance.
Speaking on the development, Apurva Rathod, Company Secretary & Chief Sustainability Officer at LTFH said, “We are amongst the first Non-Banking Financial Companies to embrace Environmental, Social & Governance (ESG) and Sustainability, as an important pillar in our strategic growth plan. In line with the Carbon Neutrality Target by 2035, our Company reduced over 33 percent of its carbon emissions in FY23 and nearly 1,306 tCO2e emissions have been avoided by switching to green power and other energy efficiency initiatives across our branches till the end of Q3FY24. We have also financed nearly 25,650 Electric Vehicles till the end of Q3FY24, a 65% increase compared to Q3FY23. In addition to the Scope 1 & Scope 2 reduction initiatives we also strengthened our reporting by increased mapping of our Scope 3 emissions. These factors have helped us drive an improvement in the CDP score.”
LTFH has been reporting to CDP India since 2020 on Climate Change. CDP, a global rating agency, is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts.
The agency’s ratings are looked up to as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate action.
please contact: contact@energetica-india.net.
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