LTM Ltd submits FY26 Sustainability Report with 70% Scope 1 emission cut
LTM Limited’s FY26 Sustainability Report reveals a 70% reduction in Scope 1 emissions intensity and 72.23% renewable energy usage. The company committed to SBTi targets and reported total GHG emissions of 152,455 tCO₂e. Physical climate risks pose an estimated annual exposure of INR 4,341 crore.
*this image is generated using AI for illustrative purposes only.
LTM Limited submitted its Sustainability Report for FY26, detailing progress toward its net-zero emissions target set for 2040. The report, prepared in accordance with GRI Universal Standards 2021, covers the period from April 1, 2025, to March 31, 2026. BDO India Services Private Limited provided reasonable and limited assurance on the non-financial disclosures.
Environmental Performance
LTM reported significant reductions in emission intensities compared to its FY19 baseline. Scope 1 emissions intensity fell 70%, while Scope 2 emissions intensity declined 55% per employee. Total greenhouse gas (GHG) emissions for FY26 stood at 152,455 tCO₂e. Scope 3 emissions accounted for the largest share at 117,593 tCO₂e (77%), driven primarily by employee commuting and business travel. Scope 2 location-based emissions were recorded at 33,100 tCO₂e.
| Emission Scope | Volume (tCO₂e) | Share of Total | Key Drivers |
|---|---|---|---|
| Scope 1 | 1,762 | 1% | Fuel, fugitive emissions |
| Scope 2 (Location-based) | 33,100 | 22% | Purchased electricity |
| Scope 3 | 117,593 | 77% | Commuting, purchased goods |
| Total | 152,455 | 100% |
Renewable energy adoption reached 72.23% of total energy needs, supported by 1,100.82 kW of installed solar capacity and Renewable Energy Certificates (REC). The company aims to achieve over 85% renewable energy usage by 2030. Water consumption intensity dropped 55% from the FY19 baseline, maintaining a 2.8x water-positive status. Waste recycling rates stood at 94%, approaching the 2030 target of 100%.
What the Numbers Show
The divergence between location-based and market-based Scope 2 emissions highlights the impact of renewable procurement strategies. While location-based Scope 2 emissions were 33,100 tCO₂e, market-based emissions were significantly lower at 9,413 tCO₂e. This gap reflects the company’s reliance on Renewable Energy Certificates and green tariffs to offset grid electricity usage, effectively reducing its reported carbon footprint without necessarily altering physical energy consumption patterns.
Social and Governance Metrics
The workforce expanded to over 87,000 employees globally. Women represented 30.87% of the total workforce, with representation in leadership roles increasing to 9.53%. The company welcomed over 6,700 freshers, a 40% increase over FY25. Employee turnover rate was 13.25% for the year.
LTM achieved a client satisfaction score of 5.89 out of 7. The company received multiple ESG recognitions, including ranking third in the IT & Digital Services sector in Businessworld India’s Most Sustainable Companies 2025. It was also recognized as a TNFD Early Adopter, the only Indian IT company to receive this distinction.
Climate Risk and Financial Exposure
The Climate Risk Assessment identified physical risks as the largest exposure, with an estimated annual impact of approximately INR 4,341 crore. This risk is driven by potential business disruptions such as downtime and reduced productivity. Transition risks were estimated at around INR 590 crore, reflecting costs associated with workforce reskilling and low-carbon technology adoption.
Historical Stock Returns for LTM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.84% | -4.01% | +11.83% | -6.33% | -13.55% | -10.44% |
How will LTM mitigate the significant divergence between location-based and market-based Scope 2 emissions to ensure physical decarbonization aligns with its 2040 net-zero target?
What specific strategies will LTM implement to reduce Scope 3 emissions, which currently account for 77% of its total carbon footprint, particularly regarding employee commuting and business travel?
Given the estimated INR 4,341 crore annual exposure to physical climate risks, what infrastructure investments or contingency plans is LTM prioritizing to safeguard operational continuity?
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