Larsen & Toubro has secured a $700 million Sustainability-Linked Trade Facility (SLTF) with Standard Chartered, the Indian multinational conglomerate announced on Monday.

The facility ties financial terms to key performance indicators, including greenhouse gas emission intensity and freshwater withdrawal targets that are critical to L&T’s operations. The arrangement aligns with the Loan Market Association’s Sustainability-Linked Loan Principles.

DNV, a global risk management expert, has provided a second-party opinion on the KPIs and targets. L&T will disclose annual performance against these metrics, with independent third-party assurance to ensure transparency.

The deal follows L&T’s issuance of India’s first listed sustainability-linked bond worth $60 million under SEBI’s ESG Bond Fr

See Full Page