Overview

• L&T announced a Rs500 crore ESG bond issuance on June 6, becoming the first Indian firm to tap the market under SEBI’s newly introduced sustainability-linked bond framework.
• HSBC is serving as sole lead arranger for the transaction, facilitating its launch in line with international ESG finance practices.
• The issuance complies with SEBI’s mandates for public disclosure of sustainability objectives, third-party external assessments and post-issuance impact reporting.
• L&T has pledged to reduce greenhouse gas emissions and lower freshwater withdrawal intensity under the bond’s defined key performance indicators.
• L&T is a $30 billion multinational engineering and construction conglomerate operating across EPC projects, hi-tech manufacturing and services in global markets.