Larsen & Toubro Limited has informed the Exchange regarding a press release dated September 29, 2025, titled "L&T Secures USD 700 mn Sustainability Linked Trade Facility with Standard Chartered".
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Larsen & Toubro has secured a USD 700 million Sustainability-Linked Trade Facility (SLTF) from Standard Chartered, reinforcing its commitment to sustainable business practices. This comes on the heels of L&T issuing India's first listed sustainability-linked bond of USD 60 million in June 2025 under SEBI's ESG Bond Framework. The facility is tied to specific KPIs covering greenhouse gas emissions intensity and fresh-water withdrawal intensity, and is aligned with the Loan Market Association's Sustainability-Linked Loan Principles. The KPIs and targets have received a second-party opinion from DNV, with annual performance disclosure assured by an independent third party. L&T has set long-term targets of carbon neutrality by 2040 and water neutrality by 2035.
This facility reflects strong lender confidence in L&T's ESG profile and could support access to cheaper sustainable financing over time, though the direct impact on near-term stock price is limited. Meeting the linked KPIs may unlock better borrowing terms in the future, rewarding shareholders if sustainability targets are achieved.