Working across businesses and geographies means sustainability, too, takes on a very different meaning. Singh makes the point that L&T is doing it not just for its own operation but also for what it delivers to its clients and customers. \u201cThat means most of the real impact is felt outside the organisation,\u201d he says.<\/p>
That could be in the supply chain or what L&T delivers through an infrastructure project. \u201cIf we are developing a green energy business that has the potential to decarbonise the chain. At Kandla, for instance, we will be producing green ammonia to be supplied to Itochu (a Japanese company), which then is used as a sustainable marine fuel,\u201d elaborates Singh. A couple of years ago, L&T identified a set of businesses, which later came to be known as green businesses, that included areas like clean mobility and recycling. They have now grown to a point where these businesses alone generate a little over half of the company\u2019s revenue. \u201cThat\u2019s the part on L&T\u2019s multiplier potential, where we do it not just for ourselves but for others as well.\u201d<\/p>
At L&T\u2019s scale, a conversation on sustainability would include large international projects or the bullet train in India, sewage treatment plants (STP), among others. Singh elaborates on the STP project in Mumbai, where L&T is constructing a 360 million litres per day plant at Bandra\u2019s reclamation area. Again, Mumbai\u2019s coast is known to be highly polluted. \u201cFrom L&T\u2019s point of view, we have our own water R&D facility at Kanchipuram (in Tamil Nadu), and that gives us a lot of expertise,\u201d says Singh. The company is already involved in the National Mission for Clean Ganga (Namami Gange), to execute projects at scale around STPs and underground sewerage networks, to prevent untreated water from being discharged into the rivers.<\/p>
In markets like West Asia, a lot of work is done on renewable energy, more specifically around solar. In India, it has been a part of the Omkareshwar floating solar project in Madhya Pradesh. \u201cFor solar to take off in a big way, it has to be with storage, and that could be either battery or pump,\u201d says Singh.<\/p>
Complexity comes with each project, and he cites the case of hydel in the Himalayas, where the ecosystem is fragile and prone to landslides. \u201cGetting it right here is critical, and the region has had a history of projects not taking off. Plus, the terrain is tricky, where a geology-based tech approach is needed. Typically, you design all this for at least fifty years,\u201d he explains.<\/p>
Sustainability comes with an innovation component as well. Last year, L&T had a Rs 500 crore ESG bond issuance deal, marking the first instance of an Indian company taking that route.<\/p>
\u00a0<\/p>
@krishnagopalan<\/p> <\/div>
L&T sustainability, Larsen & Toubro ESG, Santosh Kumar Singh, sustainable infrastructure, BT India's Most Sustainable Companies, carbon neutrality, water neutrality, integrated reporting, green business, renewable energy projects, green ammonia, Kandla project, Itochu partnership, clean mobility, recycling business, sustainable construction,#LampTs #green #businesses #crucial #growth #drivers1780995882<\/p> ","protected":false},"excerpt":{"rendered":"
Wanting to do something for the community is nothing new at Larsen & Toubro (L&T). Santosh Kumar Singh, its Chief Sustainability Officer, says the company\u2019s first community health centre was set up in 1967. The number has grown to over ten today. \u201cIn the 1990s, the first Construction Skill Training Institute was established. Again, it […]<\/p>\n","protected":false},"author":1,"featured_media":9627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[38104,7828,37207,37358,38113,9292,8120,38108,37398,446,38106,38110,38109,38101,29819,38102,38111,38107,38103,38112,37492,38105],"class_list":["post-9626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-bt-indias-most-sustainable-companies","tag-businesses","tag-carbon-neutrality","tag-clean-mobility","tag-crucial","tag-drivers","tag-green","tag-green-ammonia","tag-green-business","tag-growth","tag-integrated-reporting","tag-itochu-partnership","tag-kandla-project","tag-lt-sustainability","tag-lampts","tag-larsen-toubro-esg","tag-recycling-business","tag-renewable-energy-projects","tag-santosh-kumar-singh","tag-sustainable-construction","tag-sustainable-infrastructure","tag-water-neutrality"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/9626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9626"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/9626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/9627"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9626"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}