Larsen & Toubro Limited (L&T) has announced that SES Research Private Limited (SES) has revised the company’s Environmental, Social, and Governance (ESG) score. The score was updated from 71.3 to 69.8 as of June 24, 2026. The decline is attributed to a marginal dip in Environmental and Social performance, despite improvements in Governance, though SES independently prepared the report.
Larsen & Toubro’s ESG Score Update
Larsen & Toubro Limited (L&T) has disclosed that SES Research Private Limited (SES) has revised the company’s ESG score. The update, effective as of June 24, 2026, shows a revised score of 69.8, down from the previous score of 71.3.
Factors Influencing the Revision
The decrease in the ESG score is primarily attributed to a marginal decline in both Environmental and Social performance. For Environmental performance, factors impacting the score include renewable energy usage, sustainable procurement practices, supplier assessments, and wastewater management, even though progress was noted in areas like green building certifications and sustainability targets. The Social performance was affected by incidents related to safety, workplace grievances, diversity metrics, and customer complaints.
Governance Performance
Conversely, Larsen & Toubro’s Governance performance saw an improvement. This enhancement is credited to strong Board oversight, clean audit reports, and more robust ESG disclosures. However, certain concerns related to independence and related party transactions moderated the overall governance score.
Independent Assessment
It is important to note that Larsen & Toubro Limited has not engaged SES for this ESG rating. SES independently prepared the report and arrived at its conclusions based on publicly available data. The disclosure was made on June 27, 2026, based on information received by the company.
Source: BSE
