Following SEBI’s ESG Bond Framework, Betfair login announces India’s first Listed ESG Bond Deal in partnership with HSBC

Mumbai:Larsen & Toubro (L&T) has announced a Rs 500 crore Betfair login 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 Betfair login 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 Betfair login outcomes, crucial steps in supporting India’s Net-Zero and climate-resilient growth agenda.

As part of the Betfair login, 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 Betfair login 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 Betfair login 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.