Investment29 Sept 2025, 11:24 am
L&T Secures USD 700 mn Sustainability Linked Trade Facility with Standard Chartered
AI Summary
Larsen & Toubro (L&T) has secured a Sustainability-Linked Trade Facility (SLTF) worth USD 700 million with Standard Chartered. This development underscores L&T’s commitment to sustainable business practices and its continued efforts to augment the sustainable business portfolio. The SLTF is tied to specified key performance indicators (KPI) such as the intensity of greenhouse gas emissions and fresh-water withdrawal, and targets that are crucial to L&T’s business operations.
Key Highlights
- L&T has secured a USD 700 million Sustainability-Linked Trade Facility (SLTF) with Standard Chartered.
- The SLTF is tied to key performance indicators such as greenhouse gas emissions and fresh-water withdrawal.
- The KPIs and targets are aligned with the Loan Market Association's Sustainability-Linked Loan Principles.
- Performance against the KPIs will be disclosed annually and will be assured by an independent third party.
- This move reinforces L&T's commitment to sustainable business practices and its long-term targets of carbon neutrality by 2040 and water neutrality by 2035.