Latest news with #CleanEnergyTransition
Mint
2 days ago
- Business
- Mint
L&T to raise ₹500 crore via India's first listed ESG bond deal issuance under SEBI in partnership with HSBC
Larsen & Toubro (L&T) has announced a ₹ 500 crore ESG bond issuance deal, becoming the first Indian corporate to do so under the Securities and Exchange Board of India's (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's 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's Net-Zero and climate-resilient growth agenda. As part of the ESG Bond deal, L&T is committed to environmental targets, including a decrease in the intensity of freshwater withdrawal and emissions of greenhouse gases. These Initiatives are in line with the company's long-term sustainability goals of achieving water neutrality by 2035 and carbon neutrality by 2040. "We take pride in leading the transition to sustainable finance under SEBI's new ESG framework," said a senior spokesperson from L&T. As part of the ESG bond deal, the company said it 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's long-term sustainability goals of achieving water neutrality by 2035 and carbon neutrality by 2040. The issuance is compliant with Sebi's regulatory framework announced on Thursday, 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, and post-issuance reporting. "This bond issuance reinforces our steadfast commitment to sustainable development and responsible business practices whilealigning our finances with environmental targets," the L&T spokesperson added. "We are pleased to partner with L&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.
Business Standard
2 days ago
- Business
- Business Standard
Larsen & Toubro announces Rs 500 crore ESG bond issuance in partnership with HSBC
Larsen & Toubro 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's (SEBI) newly introduced ESG and sustainability-linked bond framework. HSBC is acting as the sole lead arranger in this transaction. As part of the ESG Bond deal, L&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's long-term sustainability goals of achieving water neutrality by 2035 and carbon neutrality by 2040. We take pride in leading the transition to sustainable finance under SEBI's new ESG framework, said a senior spokesperson from L&T. This bond issuance reinforces our steadfast commitment to sustainable development and responsible business practices while aligning our finances with environmental targets. We are pleased to partner with L&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.
Business Upturn
2 days ago
- Business
- Business Upturn
L&T issues Rs 500 crore ESG bonds under SEBI's new framework
Larsen & Toubro (L&T) has become the first Indian corporate to issue an ESG bond under the Securities and Exchange Board of India's (SEBI) newly introduced ESG and sustainability-linked bond framework. The ₹500 crore issuance marks a significant milestone in India's sustainable finance journey, with HSBC acting as the sole lead arranger. 'We take pride in leading the transition to sustainable finance under SEBI's new ESG framework,' said a senior spokesperson from L&T. 'This bond issuance reinforces our steadfast commitment to sustainable development and responsible business practices while aligning our finances with environmental targets.' Advertisement The SEBI framework, announced on June 5, is aimed at enhancing transparency, accountability, and alignment with international ESG standards. It requires issuers to disclose sustainability goals, obtain external assessments such as Second-Party Opinions (SPOs), and provide post-issuance reporting. Clear Key Performance Indicators (KPIs) and measurable targets are also mandated to track ESG outcomes. As part of the bond deal, L&T has committed to reducing the intensity of fresh water withdrawal and greenhouse gas emissions—steps aligned with its broader goals of achieving water neutrality by 2035 and carbon neutrality by 2040. 'We are pleased to partner with L&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.
Yahoo
02-04-2025
- Business
- Yahoo
Clean Energy Transition Third Quarter 2025 Earnings: CA$0.004 loss per share (vs CA$0.004 loss in 3Q 2024)
Net loss: CA$169.1k (loss widened by 26% from 3Q 2024). CA$0.004 loss per share (in line with 3Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Clean Energy Transition's share price is broadly unchanged from a week ago. It's still necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with Clean Energy Transition, and understanding these should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
