L&T closes three-year sustainability-linked loan from Sumitomo Mitsui Banking Corporation

Larsen & Toubro Limited (L&T) has successfully closed a three-year $107 mi­llion sustainability-linked loan from the Sumitomo Mitsui Banking Cor­poration (SMBC). SMBC was appointed as the sustainability coordinator and lender. The facility incorporates interest rate reductions linked to the achi­evement of L&T’s predetermined sustainability targets, namely, re­du­c­­tion of greenhouse gas emission intensity and water consumption intensity.