This comes after L&T issued India’s first listed sustainability-linked bond earlier this year, further strengthening its presence in the sustainable finance space.
The SLTF is aligned with the Loan Market Association’s Sustainability-Linked Loan Principles and is tied to key performance indicators (KPIs) central to L&T’s operations, including greenhouse gas emission intensity and freshwater withdrawal.
The initiative underscores L&T’s commitment to sustainability and its ongoing efforts to expand its environmentally responsible business portfolio.
To ensure transparency and confidence among stakeholders, the KPIs under the facility have received a second-party opinion from DNV, a global risk management and quality assurance expert. Performance against these targets will be assessed annually by an independent third party.
The company noted that this structure is designed to reinforce accountability and strengthen investor trust.“By securing this SLTF, L&T reaffirms its leadership in driving sustainable business practices. Our long-term targets of carbon neutrality by 2040 and water neutrality by 2035 are strategic imperatives that underpin innovation, operational efficiency, and resilience. Sustainability is integral to our corporate ethos, guiding investments in low-carbon technologies, resource optimisation, and biodiversity conservation. Our robust environmental, social, and governance (ESG) performance has bolstered investor confidence, facilitating access to sustainable finance and reinforcing our position as a leader in responsible growth and long-term value creation,” said an L&T spokesperson.On Monday, L&T shares closed 1.2% lower at Rs 3,687.60 on BSE.
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