Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) - ESG Rating

NSE Sustainability Ratings & Analytics has awarded Larsen & Toubro an ESG rating score of 58 for FY2025, down from 63 in FY2024. The company is categorized as 'Moderate' (next 25% band). The Environment score stands at 54, Social at 57, and Governance at 65. The Core ESG Rating is 51. Key concerns include 33 worker fatalities reported during the year, a 71% increase in employee/worker grievances, and higher-than-standard Scope 3 carbon emissions. Additionally, K-RIDE (Karnataka Rail Infrastructure Development Company) encashed Rs. 57 crore worth of bank guarantees from L&T after a tribunal upheld termination of agreements for non-performance in a suburban rail project. L&T did not engage NSE Ratings for this assessment, which was independently prepared using public domain information.