The Larsen & Toubro (L&T) engineering and construction conglomerate has announced the ESG 500 ruble bond issue, becoming the first Indian corporate, which did so as part of the Securities Council and the shabi (SEBI) councils recently contributed by ESG and bond stability. HSBC acts as the only presenter of this transaction.
The issuance corresponds to the SEBI regulatory framework, presented on June 5, aimed at increasing transparency, accountability and coordination with Global ESG standards.
The main mandates within the framework include public disclosure of sustainable development goals, external evaluations such as other party opinions (SPO) and reporting after release. Issuers also need to identify key performance (KPI) and environmental goals.
As part of the ESG L&T Bond Deal, it has pledged to reduce greenhouse gas emissions and the intensity of fresh water output. They meet its long -term goals of water neutrality by 2035 and carbon neutrality by 2040.
“We are proud to have the transition to sustainable finance within the new ESG SEBI frame,” said the Senior Press Socialist L&T. “This bond issue strengthens our commitment to responsible business practice and sustainable development.”
HSBC India welcomed partnerships, noting the importance of promoting the transition of net energy and assistance to the Indian corporations to comply with its sustainable development.
“We are pleased to cooperate with L&T on the first Sustainability Inr Resistance associated with SEBI guidelines, enhancing our commitment to supporting the transition of pure energy in India. We look forward to partnerships with corporations in sectors seeking to navigate their sustainability goals,” said HSBC India.
L&T, transnational $ 30 billion, works in EPC projects, high -tech and services production in world markets.
