Larsen & Toubro (L&T) has successfully completed the transition of a $150 million term loan with Bank of America to a Sustainability Linked Loan (SLL), on June 30, 2023. This SLL reiterates L&T’s continued commitment to its Environmental, Social and Governance (ESG) goals.
The facility incorporates interest rate adjustments linked to the achievement of two of L&T’s predetermined sustainability targets – the reduction of greenhouse gas emission intensity and water consumption intensity against the target levels. These targets have been selected on the basis that they are core and material to the company’s business and the loan is in line with the Sustainability Linked Loan Principles.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
