MUMBAI, India, March 21, 2022: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, released its first Sustainability Report for the year 2020-21, with a roadmap to achieve carbon and water neutrality by 2030.
LTTS’ Sustainability Report covers its various ESG initiatives which are built on the pillars of transparency, accountability, responsibility, compliance and trust, to drive an ethically progressive and reliable business model, robust enough to meet emerging challenges. The report, conforming to the Global Reporting Initiative (GRI), presents LTTS’ sustainability efforts across its key elements for fiscal 2020-21.
LTTS has identified Sustainability as one of its six ‘Big Bets” on emerging technology areas and one that cuts across the other 5 Big Bets comprising Electric Autonomous and Connected Vehicles (EACV), 5G, MedTech, AI& Digital Products and Digital Manufacturing. LTTS’ Sustainability Practice is building engineering services-based innovative digital solutions that aligns with the customers’ sustainability roadmap.
LTTS has embraced net-zero as a core sustainability focus and will leverage its deep capabilities around energy transition and management, water and waste management, circular product design, digital intervention, sustainability consulting, and climate action for realizing this aspiration.
Amit Chadha, CEO and Managing Director at L&T Technology Services said, “With our distinct pure-play engineering services proposition, our vision on Sustainability is to have organizational level involvement to better realize the goals for our global customers. This holistic approach also led us to recently restate our Vision as ‘Engineering a sustainable tomorrow through technology and innovation’ – underscoring the cultural transformation across the organization.
I remain confident that LTTS will play a pivotal role in accelerating our customers’ transformation to a net zero future.”
To access LTTS’ first Sustainability Report click here.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical devices, transportation, telecom & hi-tech, and the process industries. Headquartered in India, we have over 20,100 employees spread across 17 global design centers, 28 global sales offices and 79 innovation labs as of December 31, 2021. For more information, please visit https://www.ltts.com/