"L&T HAS A RICH LEGACY OF CSR"
BW Businessworld|July 27, 2024
Mabel Abraham, Head of CSR at Larsen Toubro, shares insights on the company's impactful initiatives and sustainable solutions over the years.
- Team BW
"L&T HAS A RICH LEGACY OF CSR"

Could you share Larsen & Toubro's (L&T's) corporate social responsibility (CSR) vision and how it aligns with the company's business strategy?

L&T has a rich history of CSR, dating back to a time when it was not even called CSR. The ethos of community upliftment has been ingrained in the company for decades, with a primary focus initially placed on healthcare initiatives. Nearly four decades ago, L&T established a community health centre, which catered to reproductive and child health.

Another milestone in L&T's CSR journey was the establishment of its Construction Skills Training Institute in 1995. This venture aimed to empower rural and migrant workers, often school dropouts, by providing them with industry-standard skills training. However, we didn't do any ring-fencing. People could get trained, go back and work anywhere or even start their own enterprise.

The advent of CSR regulations brought about a refinement in L&T's philanthropic efforts, enabling a more focused and strategic approach.

Over the years, L&T's CSR portfolio has evolved to encompass a broader spectrum of societal challenges, including water and sanitation. Our approach is to address the national agenda, look at the gaps, play to our strengths and see how we can use our knowledge and expertise to facilitate communities to better their lives.

What are the key pillars of L&T's CSR strategy?

In addition to our four key areas - education, health, skilling and water and sanitation, we prioritise the integration of technology and innovation across all initiatives. This commitment extends to our integrated community development programmes in rural areas.

この蚘事は BW Businessworld の July 27, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は BW Businessworld の July 27, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BW BUSINESSWORLDのその他の蚘事すべお衚瀺
'Committed to helping India achieve carbon neutrality'
BW Businessworld

'Committed to helping India achieve carbon neutrality'

R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products

time-read
2 分  |
December 14, 2024
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
BW Businessworld

INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS

Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan

time-read
3 分  |
December 14, 2024
AN INDUSTR BENCHMAR
BW Businessworld

AN INDUSTR BENCHMAR

The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta

time-read
3 分  |
December 14, 2024
The drip of good health
BW Businessworld

The drip of good health

IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.

time-read
2 分  |
December 14, 2024
"MACARONS FOR THE MASSES"
BW Businessworld

"MACARONS FOR THE MASSES"

CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences

time-read
4 分  |
December 14, 2024
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
BW Businessworld

NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT

WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.

time-read
3 分  |
December 14, 2024
THE HOLY GRAIL OF PROFITABILITY
BW Businessworld

THE HOLY GRAIL OF PROFITABILITY

Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles

time-read
6 分  |
December 14, 2024
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
BW Businessworld

"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"

S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission

time-read
5 分  |
December 14, 2024
Shaping the Future of Cyber Risk Management
BW Businessworld

Shaping the Future of Cyber Risk Management

With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific

time-read
2 分  |
December 14, 2024
THE PILLAR OF A RESILIENT DIGITAL FUTURE
BW Businessworld

THE PILLAR OF A RESILIENT DIGITAL FUTURE

The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals

time-read
6 分  |
December 14, 2024