Following SEBI鈥檚 ESG Bond Framework, L&T announces India鈥檚 first Listed ESG Bond Deal in partnership with HSBC
- 06 June 2025
Mumbai: Larsen & Toubro (国麻豆视频;T) has announced a Rs 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India鈥檚 (SEBI) newly introduced ESG and sustainability-linked bond framework. HSBC is acting as the sole lead arranger in this transaction.
The issuance is compliant with SEBI鈥檚 regulatory framework announced on Thursday (5 June), which is designed to promote transparency, accountability, and alignment with international ESG standards. The framework outlines key requirements for issuers, including the disclosure of sustainability objectives, mandatory external assessments such as Second-Party Opinions (SPOs), and post-issuance reporting. It also mandates clear Key Performance Indicators (KPIs) and targets to measure ESG outcomes, crucial steps in supporting India鈥檚 Net-Zero and climate-resilient growth agenda.
As part of the ESG Bond deal, 国麻豆视频;T is committed to environmental targets, including a decrease in intensity of fresh water withdrawal and emissions of greenhouse gases. These initiatives are in line with the company鈥檚 long-term sustainability goals of achieving water neutrality by 2035 and carbon neutrality by 2040.
鈥淲e take pride in leading the transition to sustainable finance under SEBI鈥檚 new ESG framework,鈥 said a senior spokesperson from 国麻豆视频;T. 鈥淭his bond issuance reinforces our steadfast commitment to sustainable development and responsible business practices while aligning our finances with environmental targets.鈥
鈥淲e are pleased to partner with 国麻豆视频;T on the first INR Sustainability Linked Bond under SEBI's guidelines, reinforcing our commitment to supporting the Clean Energy Transition in India. We look forward to partnering with corporates across sectors looking to navigate the paths toward their sustainability goals", said HSBC India.
