Natural Environment Management at Larsen & Toubro’s ECC Division – A Case Study

Shashank Shah1 and A. Sudhir Bhaskar2

School of Business Management, Sri Sathya Sai University, Vidyagiri,
Prashanti Nilayam – 515134, Anantapur District, A. P., India
1E-mail: shashank@sssu.edu.in, 2E-mail: sudhirbhaskar@sssu.edu.in

Abstract

The natural environment is the silent provider of all the natural, renewable and non-renewable resources used by corporate organisations in manufacturing and allied processes. A lack of concern for its well-being and protection would be at the organisations’ own peril in the long-run. This could be in the form of increased and compulsory costs imposed through stringent environmental regulations by the government and other statutory bodies or in the form of a destroyed ecosystem. The price for this will have to be paid not only by the corporate organisation but also by mankind at large. From a corporate perspective, environmental welfare can make a lot of business sense and could be a major source of economic and competitive advantage for corporate organizations. In recent times, green products, green processes and even green companies have become the order of the day. Among the most polluting industries in Corporate India; besides the manufacturing and chemical industries, is the construction industry, given its nature of work. Larsen & Toubro’s ECC Division, which is the largest construction company in India, has been selected for this case study. An attempt has been made in this paper to highlight some of the best practices implemented by the Company for Natural Environment Management and protection. The data collection for the case has been done by the authors through personal interviews with top executives of the Company and supplemented by other relevant information available in the public domain.

Keywords: Environmental Management & Protection, Best Practices by Larsen & Toubro, Case Study, Renewable Natural Resources.