L&T secures USD 700 mn sustainability-linked facility

Larsen & Toubro (L&T) has secured a USD 700 million Sustainability-Linked Trade Facility (SLTF) with Standard Chartered.

• Main announcement: L&T has signed a USD 700 million SLTF with Standard Chartered linked to KPIs including greenhouse gas emissions intensity and fresh-water withdrawal; the facility is aligned with the Loan Market Association’s Sustainability-Linked Loan Principles and performance against the KPIs will be disclosed annually and assured by an independent third party.
• Background and details: L&T previously issued India’s first listed sustainability-linked bond for USD 60 million under SEBI’s ESG Bond Framework in June 2025; the SLTF’s KPIs and targets received a second party opinion from DNV, and L&T’s stated long-term targets include carbon neutrality by 2040 and water neutrality by 2035.