Larsen & Toubro Limited has informed the Exchange about Credit Rating- Revision
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Larsen & Toubro has received an ESG rating score of 58 from NSE Sustainability Ratings & Analytics for FY2025, down from 63 in FY2024. The overall rating category is 'Moderate'. The Environment score is 54, Social is 57, and Governance is 65. Key concerns include a 6% increase in water intensity, subpar renewable energy consumption, and 33 worker fatalities reported. Employee grievances increased by 71%, and women remain underrepresented. The company also faced a dispute with K-RIDE where Rs. 57 crore of bank guarantees were encashed due to alleged non-performance in a suburban rail project.
The downgrade in ESG rating from 63 to 58 signals deteriorating sustainability performance and may attract scrutiny from ESG-focused investors. The moderate category places L&T in the bottom 30% of rated companies, which could impact its ESG fund eligibility.