Larsen & Toubro (L&T) has listed India’s first Environmental, Social, and Governance (ESG) bonds worth ₹500 crore on the National Stock Exchange (NSE),

Marking a significant milestone under SEBI’s newly introduced ESG and sustainability-linked bond framework. Issued as Non-Convertible Debentures (NCDs) at a 6.35% coupon rate, the bonds mature on June 19, 2028, with annual interest payments. The issuance, arranged by HSBC, aligns with L&T’s commitment to sustainability, featuring targets like reducing freshwater withdrawal intensity and greenhouse gas emissions. These goals support the company’s vision of achieving water neutrality by 2035 and carbon neutrality by 2040. SEBI’s framework, introduced on June 5, 2025, mandates transparency through detailed disclosures, external evaluations, and measurable Key Performance Indicators (KPIs). R. Shankar Raman, CFO of L&T, emphasized that the initiative positions the company as a leader in responsible governance and contributes to India’s broader Net-Zero agenda.