L&T Secures USD 700 mn Sustainability-Linked Trade Facility with Standard Chartered
The deal is of significant value (USD 700 million) and is linked to sustainability targets, which could have a medium impact on L&T's operations and reputation.
L&T securing a significant sustainability-linked trade facility is a positive development, indicating commitment to sustainable business practices.
* Larsen & Toubro (L&T) has secured a Sustainability-Linked Trade Facility (SLTF) worth USD 700 million (₹5,817.45 crore) with Standard Chartered. * The SLTF is tied to key performance indicators (KPI) such as greenhouse gas emission intensity and fresh-water withdrawal. * The KPIs and targets have received a second party opinion from DNV. * Performance against the KPIs will be disclosed annually and assured by an independent third party. * L&T aims for carbon neutrality by 2040 and water neutrality by 2035. * Shobana Chawla from Standard Chartered, mentioned that this financing will support L&T's decarbonization journey and facilitate the delivery of key sustainability targets.
What to do with a filing like this
Larsen & Toubro Limited filed this with the NSE as a statutory disclosure, categorised under sustainability. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Larsen & Toubro Limited. Read the original for the full detail.