ompany: Larsen & Toubro Ltd
Income 2005-2006 =Rs 15000 crores (rounded off)
Net profit before tax (05-06)= Rs 1000 crores (rounded off)
Karmayog CSR Rating : 3/5
CSR Activities:
In parallel with the primary objective of enhancing shareholder value, L&T has assumed a degree of responsibility for the welfare of society at large. The mutually interdependent relationship between our businesses and the social milieu in which they exist places corporate social responsibility in a position of crucial significance.
HEALTH
Good health is a basic driver for growth. L&T endeavours to impact the lives of as many of the underprivileged as possible through various health and welfare schemes. Focussing on the people surrounding the Company’s establishments, L&T has set up welfare centres and organizes periodic health drives – free or at highly subsidised rates. L&T’s welfare facilities comprise state-of-the-art diagnostic systems and equipment. Health services offered include family planning, counselling, mother & child health care, diagnosis and treatment of illnesses like tuberculosis and leprosy, etc.
Periodic programmes include blood-donation drives, alcohol recovery programmes, immunization projects, cancer check-ups, and eye camps.
As one of India’s first companies to create awareness of the impact of HIV/AIDS in the workplace, L&T continually strives to bring even more people within the ambit of its enlightening influence, thus preventing the spread of this killer disease.
The Figures
The reach of L&T’s health-related activities can be measured in the number of lives it has impacted.Each year, L&T’s Health Centre at Andheri,Mumbai, treats around 25,000 patients.
Between October 1983 and March 2004, L&T carried out over two lakh immunizations against common childhood illnesses – tuberculosis, polio, measles, hepatitus B, etc.
The Awards
Sankara Ratna Award 2004 by Sankara Nethralaya, India’s foremost Medical Research Foundation in eye care services, to L&T’s Chairman and Managing Director, Mr. A. M. Naik. The annual award recognizes the contribution of a distinguished individual or institution in support of the Nethralaya’s cause and philosophy. (February 19, 2005.)
The Mother Teresa Award for Corporate Citizen 2003 by Chennai-based Loyola Institute of Business Administration (LIBA), for fulfilling corporate social responsibilities. LIBA is one of the prestigious management institutes in South India. This annual award showcases corporates that have rendered services to the socially weak and disadvantaged sections of the society, far beyond the call of their duties and responsibilities. (February 5, 2004)
EDUCATION
In its own small way, L&T has changed forever the lives of hundreds through education.
Apart from a couple of educational institutions run by the Company on its factory premises, L&T provides support to village schools in terms of infrastructure, teaching aids, computers and other resources. In tragedy-prone Gujarat, for instance, L&T has renovated and constructed schools, supplied laboratory equipment and sponsored education-enhancing events.
Each year, L&T selects some forty engineering graduates with promising potential, and gives them the opportunity to undergo the prestigious M.Tech at IIT. This enhances the interface between academia and industry, and ensures a continual flow of talent-rich engineers from strata of society that might otherwise not produce talent of such calibre.
DISASTER MANAGEMENTIn times of national disaster, L&T has always stepped forward to lend a helping hand to a nation in grief. L&T has provided assistance in terms of donations, volunteers, construction material, medical and food supplies to mitigate the effects of such calamities as the Gujarat earthquake and the Tsunami.
ENVIRONMENTAL CONSERVATION
L&T has enunciated Environmental Policy Statements as required by the ISO 14001 standard for its Heavy Engineering and Electrical & Electronics Divisions. Management Reviews are conducted annually by internal and external auditors in line with ISO 14001 requirements. A well-maintained website ensures interdepartmental information flow of data pertaining to environmental preservation.
Treatment of Hazardous Waste
To minimize the impact of potential pollutants on the ecosystem, L&T adopts state-of-the-art techniques and employs processes to treat waste products. Stringent quality control is maintained over hazardous waste of all types – gaseous, liquid and solid. These are treated at source and disposed of with minimal risk to the environment.
Conservation
At L&T’s factories, judicious management of resources like fuel electricity and water has led to steadily decreasing consumption over the past few years.
Environment-friendly Replacements
The implementation of eco-friendly alternatives has brought the company twin benefits: environmental conservation and economy. For example, wooden packing and asbestos materials have been replaced by environment-friendly packing. LPG has been replaced by PNG.
Spread of Awareness
To facilitate implementation of eco-sensitive practices in all operational areas, staff as well as vendors are made aware of L&T’s stance on matters related to the environment.
Greenery
L&T’s greening initiatives are visible in many locations – in the lush surroundings of its factories, in the public gardens it maintains, in the tree-plantation drives it undertakes periodically, and in the afforestation projects it has undertaken in the rural areas surrounding its factories.
The Awards
L&T, L&T-Komatsu, and L&T Mysore Works were awarded Greentech Safety Awards 2005 by the well-known New Delhi-based non-profit organisation, Greentech Foundation, for the remarkable efforts in industrial safety and environmental management. L&T and L&T-Komatsu bagged the Gold awards, and Mysore Works the Silver, in the category of ‘Engineering Sector’. (May 11, 2005)
In recognition of the policies and operations of L&T that emphasize environment protection at every step and its efforts in preservation of ecology, Greentech Foundation, a well-known New Delhi-based non-profit organization, has conferred on L&T, its esteemed Environment Excellence Award 2003-04 in the category of ‘Engineering Sector’. (November 8, 2004)
Greentech Foundation, a well-known New Delhi-based non-profit organisation, has conferred on L&T its prestigious Greentech Safety Award 2003-04 in ‘Gold’ category for the remarkable efforts put in by the Company in industrial safety and environmental management. L&T won the award in the category of ‘Manufacturing Sector’. (June 21, 2004)
The Electrical & Electronics Division of L&T was awarded the prestigious Worldstar 2002 award for developing an eco-friendly packaging for its FN-63 Switch Disconnector Fuse by the World Packaging Organisation in Sweden.
L&T won the Indian Chemical Manufacturers’ Association Award for its pioneering work leading to the development of the waste heat recovery system for cement plants. This application was the first-ever to be developed for cement plants in India.
Amount contributed towards CSR :No information regarding the amount spent on CSR was available on the homepage .
Contact details : Larsen & Toubro Ltd
L & T House, Ballard EstateMumbai 400 038,
MaharashtraIndia
Tel: 91/22/2618181
URL: http://www.ltindia.com
Website address :http://www.larsentoubro.com/