L&T secures $700m sustainability-linked trade facility

Larsen & Touro (L&T) announced on September 29, 2025, that it has secured a $700 million Sustainability-Linked Trade Facility (SLTF) with Standard Chartered. This follows the company's issuance of India's first listed sustainability-linked bond for $60 million in June 2025. The SLTF underscores L&T's commitment to sustainable business practices and augmenting its sustainable business portfolio.

The facility is tied to specific key performance indicators (KPIs), including greenhouse gas emissions intensity and fresh-water withdrawal, aligning with the Loan Market Association's Sustainability-Linked Loan Principles. Performance against these KPIs will be disclosed annually and assured by an independent third party, with a second party opinion provided by DNV.

L&T aims for carbon neutrality by 2040 and water neutrality by 2035, with sustainability integral to its corporate ethos. Standard Chartered will support L&T's decarbonization journey, facilitating the delivery of key sustainability targets.