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L&T Sustainablity

In: Business and Management

Submitted By anisharora1985
Words 4480
Pages 18
CORPORATE SOCIAL RESPONSIBILTY

SUSTAINABILITY ANALYSIS

INTRODUCTION
Larsen and Toubro is a USD 9.8 billion, technology, manufacturing, finance, engineering and construction conglomerate, with global operations. The company is headed by Mr. A.M Naik, CEO and M.D.
During times when sustainability as the biggest challenge faced by mankind today, L and T has always pursued its long term strategic plans, remaining steadfast in its sustainability journey. 1.1 Sustainable Development

United Nations in 1983 defined it as ‘Development that meets the needs of the present, without compromising the ability of the future generations to meet their own needs’.
1.2 Corporate sustainability
Strategies and business practices adopted by the company to achieve corporate growth and profitability as well as to pursue societal goals, specifically those related to sustainable development-environment protection, social justice and economic development.
In simple words, the well being of the society depends on the economy and the economy depends on the global ecosystem. 1.2 Corporate sustainability report

L& T’s sustainability report is based on Global reporting initiative, i.e. GRI's Reporting Framework that is developed through a consensus-seeking, multi-stakeholder process. L and T reports are ‘ GRI Checked ‘ and graded as A+ reports, which is the highest grade for GRI reports. 1.3 L&T’s Take on Sustainability

L & T views sustainability in terms of three aspects:
1. Sustainability means Adaptability
L&T believes that its big opportunity lies in building capability across nations. It has interwoven its business interests with the larger interests of India and progressive emerging economies. They have aligned their growth path to the missions outlined in the National Action Plan on Climatic Change (NAPCC).It has aimed to...

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