L&T Finance Ltd. Commits to Green Future with PCAF Membership

L&T Finance Ltd. has joined the Partnership for Carbon Accounting Financials, enhancing climate accountability by measuring and disclosing financed emissions. This move aligns with India's net-zero goals and strengthens LTF's sustainability strategy through transparency, reporting refinement, carbon sinks, biodiversity support, and water conservation initiatives.

L&T Finance Ltd. (LTF) is making strides in climate responsibility by joining the Partnership for Carbon Accounting Financials (PCAF). This milestone cements LTF's position as a leader in disclosing and measuring financed emissions, aligning with evolving global standards.

Ms. Apurva Rathod, Chief Sustainability Officer at LTF, emphasized the critical role financial institutions play in aiding India's climate transition. She stated that becoming a PCAF signatory propels LTF's dedication to transparency and data-driven environmental responsibility.

The company has achieved significant reductions in Scope 1 and 2 emissions and invested in projects like 'Project Prakruti' to boost carbon sequestration. It has also pioneered water conservation both within and beyond its operations, reinforcing its commitment to sustainability.

(With inputs from agencies.)