Shares of Larsen & Toubro Ltd (L&T) ended flat after hitting a day’s high of Rs 3,740 on 29th September. This happened even as the firm announced it had secured a $700 million Sustainability-Linked Trade Facility (SLTF) with Standard Chartered. This highlights its commitment to green financing and sustainable business practices.

L&T’s $700 million SLTF is tied to key performance indicators like greenhouse gas emissions and freshwater usage. These follow global sustainability standards under the Loan Market Association’s Sustainability-Linked Loan Principles.

This builds on L&T’s June move of issuing India’s first listed $60 million sustainability-linked bond under SEBI’s ESG Bond Framework. The company will receive independent annual assurance of its performance, supported by a second-party opinion from risk management firm DNV.

An L&T spokesperson said the facility reinforces the company’s long-term sustainability goals. These include achieving carbon neutrality by 2040 and water neutrality by 2035. It also guides investments in low-carbon technologies, resource optimisation, and biodiversity conservation.

At 3:30 PM, the shares of L&T ended 0.68% lower at Rs 3,704.30 on NSE.

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