L&T Launches India’s First ₹500 Crore ESG Bond to Promote Sustainable Finance, ETCFO
Engineering main Larsen & Toubro (L&T) has introduced the issuance of India’s first listed ESG bond deal value ₹500 crore. HSBC is appearing as the only lead arranger on this transaction.
The issuance is compliant with SEBI’s newly issued regulatory framework, which is designed to advertise transparency, accountability, and alignment with worldwide ESG requirements.
As a part of the ESG Bond deal, L&T is dedicated to environmental targets, together with a lower in depth of freshwater withdrawal and emissions of greenhouse gases. These initiatives are in keeping with the corporate’s long-term sustainability objectives of reaching water neutrality by 2035 and carbon neutrality by 2040.
“We take delight in main the transition to sustainable finance underneath SEBI’s new ESG framework,” mentioned a senior spokesperson from L&T. “This bond issuance reinforces our steadfast dedication to sustainable improvement and accountable enterprise practices whereas aligning our funds with environmental targets.”
