L&T Finance Limited Submits Business Responsibility and Sustainability Report for FY26
L&T Finance Limited filed its Business Responsibility and Sustainability Report for FY26, detailing ESG initiatives across environmental, social, and governance domains. The company serves over 2.8 crore customers through 2,841 branches and employs 41,301 staff. Key environmental achievements include maintaining water-positive status and financing 62,023 EVs to reduce emissions. Socially, CSR programs benefited over 17.30 lakh people, while the firm retained its Great Place To Work certification. Independent assurance for the report was provided by BDO India Services Private Limited.
*this image is generated using AI for illustrative purposes only.
L&T Finance Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 to the National Stock Exchange of India Limited and BSE Limited. The filing, dated May 4, 2026, was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report provides a comprehensive overview of the company's environmental, social, and governance (ESG) performance and forms part of the Integrated Annual Report for the year.
Corporate Overview and Operations
The report confirms that L&T Finance serves the lending needs of both urban and rural sectors with a customer base exceeding 2.8 crore. The operations are categorized into Rural Finance and Urban Finance. Rural Finance serves rural individuals and enterprises, including Rural Group Loans, Micro Finance, and Farmer Finance, with a customer base of over 1.8 crore. Urban Finance caters to individuals and business owners through products such as Home Loans, Personal Loans, and Two-Wheeler Finance, serving a customer base of over 1 crore.
As of the end of the financial year 2025-26, the company operated 2,841 offices across India, comprising one registered office and 2,840 branches. The company does not engage in manufacturing activities and has no operations outside India.
Workforce and Governance
L&T Finance reported a total permanent workforce of 41,301 employees as of March 31, 2026. The gender distribution included 38,221 male employees (92.54%) and 3,080 female employees (7.46%). The company does not employ any workers as defined under the BRSR framework. The Board of Directors consists of seven members, with two female directors representing 29% of the board.
The company has established a CSR and Sustainability Committee, chaired by an Independent Director, to oversee sustainability-related issues. The highest authority responsible for implementation is Sudipta Roy, Managing Director and Chief Executive Officer.
Employee Statistics
| Category | Male | Female | Total |
|---|---|---|---|
| Permanent Employees | 38,221 | 3,080 | 41,301 |
| Percentage | 92.54% | 7.46% | 100% |
Environmental Performance
The company has committed to achieving carbon neutrality by FY35. In FY26, L&T Finance maintained a water-positive status for the fourth consecutive year. The company financed 62,023 electric vehicles (EVs), which resulted in avoiding 12,140 tCO2e in emissions. Energy consumption for the year totaled 37,813.63 GJ, with renewable sources accounting for 28,302.54 GJ. The total Scope 1 and Scope 2 emissions were reported at 1,826.85 metric tonnes of CO2 equivalent.
Water withdrawal totaled 5,13,644.55 kilolitres, entirely sourced from third-party municipal supplies. The company generated 766.40 metric tonnes of waste, of which 50.79 metric tonnes were recycled. The report also notes that the company has achieved zero single-use plastic status at its corporate office.
Social Impact and CSR
Through its Corporate Social Responsibility (CSR) interventions, the company positively impacted the lives of over 17.30 lakh beneficiaries during the year. The Digital Sakhi program reached over 15.80 lakh beneficiaries, empowering more than 8.18 lakh women with digital and financial literacy. The Jalvaibhav project facilitated the replenishment of over 265 lakh kiloliters of water across Maharashtra and Karnataka.
The company was re-certified as a Great Place To Work® for the second consecutive year, with an employee participation rate of 89% in the survey. Women's representation in the workforce increased to 7.4% from 5.4% in the previous year.
Assurance and Compliance
The disclosures in the BRSR have undergone an independent assurance process. BDO India Services Private Limited provided reasonable assurance on the BRSR Core indicators and limited assurance on select non-core indicators. The company confirmed that there were no material non-compliances with statutory or regulatory requirements during the financial year.
Historical Stock Returns for L&T Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.12% | +6.39% | +18.87% | +10.34% | +84.86% | +256.82% |
Given L&T Finance's carbon neutrality target by FY35 and its current 76% renewable energy share, what specific capital allocation strategy and infrastructure investments will be required to bridge the remaining gap within the next decade?
With Scope 3 emissions rising 31.5% year-over-year to 64,612 tCO2e, how might L&T Finance's growing EV financing portfolio and green lending criteria evolve to meaningfully offset emissions embedded in its broader loan book?
As L&T Finance's female workforce remains at just 7.46% despite serving 1.8 crore rural women customers, what competitive and reputational risks could this gender gap pose as ESG-linked institutional investor scrutiny intensifies?
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