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A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility  The Research Insights
A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility  The Research Insights

Yahoo

timea day ago

  • Automotive
  • Yahoo

A $124.97B Market by 2030 - How Battery Tech and Zero-Emission Mandates Are Driving the Future of Freight Mobility The Research Insights

CHICAGO and PUNE, India, June 27, 2025 /PRNewswire/ -- The Electric Trucks Market is projected to be valued at USD 29.69 billion in 2024 and reach USD 124.97 billion by 2030, growing at a CAGR of 27.1% according to a new report by The Research Insights. Rising emphasis on emission-free vehicles is anticipated to enhance the global sales of electric trucks, especially in the e-commerce and logistics domain. It will help the OEMs to expand their revenue stream and geographic footprint in the electric commercial vehicle industry. The report runs an in-depth analysis of electric trucks market trends, key players, and future opportunities. In general, the Electric Trucks Market growth of 27.1% comprises a vast array of Vehicle, Propulsion, Vehicle Range, Application, and Geography which are expected to register strength during the coming years. For More Information and To Stay Updated on The Latest Developments in The Global Electric Trucks Market, Download the Sample Pages: Market Overview and Growth Trajectory: Electric Trucks Market Growth: According to an exhaustive report by The Research Insights, the Electric Trucks Market is experiencing significant growth. The electric trucks market is growing rapidly, driven by unique and emerging trends apart from conventional ones like fuel savings and emission regulation. Improvements in battery technology and solid-state and lithium iron phosphate (LFP) batteries are enhancing the range, safety, and fast charging capability of electric trucks. Also, supply chain electrification efforts by major retailers and logistics companies pursuing ESG (Environmental, Social, and Governance) goals are accelerating fleet-level adoption. Growing demand for V2G integration and smart fleet management systems are driving the market, which allows electric trucks to operate as energy sources during peak loads. Also, the government incentives are shifting from subsidizing vehicles to ZEV (zero-emission vehicle) mandates and carbon credit programs, which is especially attractive for larger fleet owners. Finally, partnerships between truck OEMs and EV startups are helping accelerate innovation, and vertical integration, i.e., in-house battery production is enhancing control over cost and supply chain security. All these developments are driving the electrification of the commercial vehicle industry, one of the fastest-growing and transforming industries. Regulatory Push for Emissions Reduction and Government Incentives: Governments around the world are implementing strict emission regulations to mitigate climate change and reduce air pollution. North America, Europe, and parts of Asia are introducing stringent regulations for the transport sector, which is one of the major contributors to GHG emissions. Frameworks like the EU's Green Deal, the EPA's GHG emission standards, and China's NEV (New Energy Vehicle) policies are encouraging the adoption of electric propulsion in commercial vehicles. The government also offers various incentives, including purchase subsidies, tax exemptions, free registration, and zero-emission zones for electric commercial vehicles. Funding for electric vehicle charging stations, R&D grants, and ZEV credits are making electric trucks affordable and lucrative for manufacturers and customers. The battery subsidy is likely to be the most significant source of reduction in upfront costs, followed by reduced registration fees. The combination of government incentives is making electric trucks a financially viable and profitable choice for companies looking to comply with emission regulations and improve sustainability credentials. Stay Updated on The Latest Electric Trucks Market Trends: Technological Innovations in Batteries and Charging Infrastructure: Advancements in battery technology and solid-state and lithium-ion batteries are increasing the capability of electric trucks in terms of performance, range, and affordability. The range of electric trucks has now reached more than 300 miles on a single charge, making it a potential replacement for diesel-powered trucks not only in city deliveries but also for regional and intercity transportation. Battery energy density improvements, battery lifecycle, and safety developments have eliminated some of the concerns about payload limits and vehicle downtime. The widespread deployment of high-speed charging infrastructure for electric vehicles, including megawatt charging for heavy-duty trucks, is reducing range anxiety and enabling more flexibility in operations. Smart charging, V2G technology, and energy management systems are emerging, allowing fleet owners to optimize energy usage and reduce TCO (total cost of ownership). Technological innovations are overcoming some of the operational challenges associated with diesel trucks and making them a viable alternative to diesel-powered vehicles. Corporates' ESG Goals and Fleet Electrification Trends: A rise in corporate sustainability and ESG (environmental, social, and governance) goals is driving the demand for electric trucks. Increasing numbers of corporates, including logistics companies like Amazon, UPS, FedEx, and Walmart, are going carbon neutral and electrifying their fleets as part of their broader carbon strategy. These organizations view fleet electrification as a critical move to reduce their carbon footprint, adhere to future emission regulations, and improve their image in the eyes of increasingly eco-conscious customers and investors. The TCO (total cost of ownership) of electric trucks is also becoming more favourable in the long term, as they incur lower maintenance costs, lesser fuel expenses, and longer service life. The application of data analytics and telematics are also helping fleet managers track vehicle performance and maximize utilization. As companies realize the long-term financial and brand benefits of electrification, the demand for electric trucks, including light-duty vans and heavy-duty haulers, is likely to grow in industries such as logistics, retail, manufacturing, and construction. For Detailed Market Insights, Visit: Geographical Insights: North America leads in terms of the share of total revenue in the global electric trucks market in 2023 with 37.6%. Government incentives and supportive policies play a crucial role in driving the transition to electric mobility in North America. Both the State and Federal governments in the US have enacted tax credits, grants, and subsidies to support investment from automakers and customer demand for electric vehicles. This is why North American automakers are offering new products and services to keep up with the rising demand for electric vehicles in North America. The Asia-Pacific region is projected to witness the highest Compound Annual Growth Rate (CAGR) during the forecast period owing to a confluence of supportive government policies and incentives creating a conducive environment for the business of electric trucks. China's New Energy Vehicle mandate and India's Faster Adoption and Manufacturing of Electric Vehicles (FAME) are some of the initiatives driving growth. The fast rise of e-commerce in the region has created an uptick in demand for environment-friendly transportation solutions by logistics and delivery firms, which is in turn leading to new developments from local players like BYD, FAW Group, and Dongfeng Motor. Global Electric Trucks Market Segmentation and Geographical Insights: Based on Vehicle, the electric trucks market is divided into, Light Duty Trucks, Medium Duty Trucks, and Heavy-Duty Trucks. Light duty trucks have been the clear market leader in 2023, accounting for a substantial 64.0% share of revenue. Based on Propulsion, the electric trucks market is divided into, BEV, PHEV, and HEV. Battery Electric Vehicles (BEVs) dominated the market share in 2023, driven by their exceptional performance, reduced operating expenses, and growing recognition as a viable alternative to traditional IC engine trucks. Based on Vehicle Range, the electric trucks market is divided into, up to 300 miles, 300-600 miles, and Above 600 miles. In 2023, electric vehicles with a range of up to 300 miles dominated the market due to their tailored fit for commercial fleets' daily route needs, especially in urban and regional transportation contexts. Based on Application, the electric trucks market is divided into, Logistics & Delivery, Construction, Waste Management, and Others. The logistics and delivery segment dominated the market in 2023, primarily driven by the surge in e-commerce and growing consumer demands for swift and dependable delivery services. The Electric Trucks Market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For Region-Specific Market Data, Check Out Brief Sample Pages: Key Players and Competitive Landscape: The Global Electric Trucks Market is characterized by the presence of several major players, including: AB Volvo BYD Company Ltd. Daimler Truck AG Dongfeng Motor Company FAW Group Co., Ltd. Foton International ISUZU MOTORS LIMITED Navistar, Inc PACCAR Inc. Scania These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market. Global Electric Trucks Market Recent Developments and Innovations: In May 2025, Scania (Sweden) announced plans to invest approximately USD 2 billion to build a new production plant in Rugao, China, marking its third global manufacturing site after Sweden and Brazil. The new plant will start production by October 2025 and will produce 50,000 vehicles per year, which is approximately twice the production capacity of the plant in Brazil. Scania aims to reinforce its presence in the Asian market, shorten the delivery time and align with the local technological trends in the field of transportation in China. In February 2025, Dongfeng Motor Corporation (China) showcased three models DONGFENG GX, KC PRO and KC PLUS at the DONGFENG DAY 2025 held in Jakarta, Indonesia. DONGFENG DAY 2025 marked the company's first move to develop and establish its own market in Southeast Asia in the electric truck segment. In January 2025, Daimler Truck AG (Germany) received an order from Amazon (US) for 200 Mercedes-Benz eActros LongHaul battery electric heavy-duty trucks. The vehicles will be used for logistics operations in Germany and the UK to enable the carbon-free transportation service provided by Amazon. The first deliveries will start at the end of 2025. In January 2025, Scania (Sweden), SKF (Sweden), and LOTS Group (Sweden) initiated a project to introduce an electrically driven truck transport between Gothenburg and Helsingborg, Sweden. Battery electric Scania trucks powered by SKF charging solutions will run along the route to illustrate the potential for fossil-free long-distance transportation. LOTS Group will be responsible for the operation and logistics for this project to reduce carbon emissions in the entire supply chain. The companies aim to speed up the conversion to fossil-free transportation and demonstrate new solutions for fossil-free logistics. Purchase Premium Copy of Global Electric Trucks Market Size and Growth Report (2024-2030) at: Frequently Asked Questions (FAQs): What is the forecasted market size of the Electric Trucks Market in 2030?➢ The forecasted market size of the Electric Trucks Market is USD 124.97 Billion in 2030. Who are the leading players in the Electric Trucks Market?➢ The key players in the Electric Trucks Market include, AB Volvo; BYD Company Ltd.; Daimler Truck AG; Dongfeng Motor Company; FAW Group Co., Ltd.; Foton International; ISUZU MOTORS LIMITED; Navistar, Inc.; PACCAR Inc.; Scania. What are the major drivers for the Electric Trucks Market? ➢ The market is driven by a combination of factors that prioritize sustainability and environmental responsibility. Which is the largest region during the forecasted period in the Electric Trucks Market?➢ North America leads in terms of the share of total revenue in the global electric truck market in 2023 with 37.6%. Which is the largest segment, by vehicle, during the forecasted period in the Electric Trucks Market?➢ The Light duty trucks have been the clear market leader in 2023, accounting for a substantial 64.0% share of revenue. Conclusion: Technological advancements in batteries, energy management systems, and charging infrastructure are reshaping the electric trucks market and addressing growing needs for sustainable transportation in different sectors. The increasing demand for decarbonization in logistics, the government regulations on emissions, and the rising cost of fossil fuels are accelerating the transition to electric mobility. Electric trucks are now an essential part of fleet operations, last-mile delivery, and long-haul transport because of their lower environmental impact, reduced operating costs, and improved range. Integrating with smart grid systems and telematics improves real-time monitoring, route optimization, and predictive maintenance. Fast-charging solutions, flexible battery design, and supportive policy frameworks are crucial for adoption. As a part of the broader trends in green energy and smart mobility, electric trucks are becoming integral parts of the next-generation transport ecosystem that is aligned with global climate goals and digital transformation. Need A Diverse Region or Sector? Customize Research to Suit Your Requirement: The report from The Research Insights, therefore, provides several stakeholders— governments, automotive manufacturers, logistics companies, fleet operators, regulatory agencies, and environmental organizations—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. With projected growth to US$ 124.97 billion by 2030, the Global Electric Trucks Market represents a significant opportunity for battery technology startups, charging infrastructure providers, software developers, renewable energy companies, and autonomous driving tech firms. Check out more related studies published by The Research Insights: Heavy-duty Electric Trucks Market: The Global Heavy-duty Electric Trucks Market is expected to reach at USD 4.70 billion by 2030, according to a new report by The Research Insights. It is projected to expand at a CAGR of 20.6% during the forecast period. The introduction of heavy-duty electric trucks is revolutionizing the transportation industry, bringing numerous advantages that benefit both businesses and the environment. Electric Vehicle Market: The Global Electric Vehicle Market is expected to reach at USD 3,760.9 billion by 2034, according to a new report by The Research Insights. It is projected to expand at a CAGR of 21.5% during the forecast period. Increased focus on emission-free vehicles is expected to drive the global adoption of electric trucks, particularly in the e-commerce and logistics sector. Browse More related reports on Technology Industry Market Reports- About Us: The Research Insights provides thoroughly conducted research which is backed up by real-time statistics and data. Our experts are eager to help you with any information required under the sun. The key to our success is keeping abreast with the markets, industries, and ever-changing consumer trends that matter. Our market research professionals have in-depth knowledge and expertise across various domains that includes IT and Telecom, Emerging Technologies, Consumer Offerings, Manufacturing and Others. We are committed to reviewing the scope and procedure of the research studies that you select and provide you with an accurate guidance in order to assist you in taking the correct business decisions. Contact Us:If you have any queries about this report or if you would like further information, please contact us: Contact Person: Kaushik RoyE-mail: sales@ +1-312-313-8080Blog: Press Release: Latest News: | Logo: View original content: SOURCE The Research Insights Sign in to access your portfolio

Lenovo Releases FY 2024/25 ESG Report, Showcasing Measurable Progress and Industry Leadership
Lenovo Releases FY 2024/25 ESG Report, Showcasing Measurable Progress and Industry Leadership

Associated Press

timea day ago

  • Business
  • Associated Press

Lenovo Releases FY 2024/25 ESG Report, Showcasing Measurable Progress and Industry Leadership

Lenovo released its FY 2024/25 Environmental, Social, and Governance (ESG) Report, detailing the company's progress toward its 2030 emissions reduction targets and reaffirming its long-term ambition to achieve net-zero greenhouse gas emissions by 2050, aligned to the Science Based Targets initiative. As the first generation of ESG key performance indicators approaches completion, Lenovo remains on track across many key objectives, making this year a pivotal moment in its sustainability journey. The report outlines how Lenovo is accelerating environmental progress through its participation in the circular economy, including the continued use of closed-loop recycled materials in its products. Lenovo also continues to empower customers with sustainability services that facilitate repair, recycling, and reuse, helping extend product lifecycles and keeping materials in circulation. This year's report reflects a growing recognition of Lenovo's efforts, with the company earning Platinum Recognition from EcoVadis, an AAA rating from MSCI ESG Ratings, and the Gold Award from the Hong Kong Institute of Certified Public Accountants (HKICPA) for Best Corporate Governance and ESG. Additionally, Lenovo was recently ranked #8 in Gartner's Top 25 Global Supply Chain, with an ESG Score of 9/10. These achievements underscore Lenovo's commitment to transparent, credible progress. Lenovo's social impact continues to scale globally. In 2024, it was again named a Best Workplace for People with Disabilities by Disability:IN in the United States, while expanding this recognition to the United Kingdom and Brazil through the global application of best practices. The company's commitment to community engagement was also evident during its annual Love on Month of Service, which saw a record-breaking 44% increase in people reached through volunteerism by Lenovo employees around the world. 'This year marks a significant milestone for Lenovo's ESG journey,' said Dave Carroll, Lenovo SVP, Chief Legal Officer and Corporate Responsibility Officer, who succeeded Laura Quatela in March 2025. 'With our first generation of key performance indicators nearing completion, we're proud of the progress we've made and are focused on building the foundation for our next chapter of ESG leadership.' In governance, Lenovo continues to reinforce its Smarter AI for All vision through a strengthened internal policy framework. In 2024, the company introduced a comprehensive AI governance policy aligned with commitments made to the Canadian Government, UNESCO, Cercle InterL, and most recently the European Commission. This follows the appointment of Doug Fisher who added Chief AI Officer to his Chief Security Officer role, further embedding responsible innovation across the business. Looking ahead, Lenovo remains committed to a collaborative and credible approach to ESG. Through partnerships with customers and suppliers —such as those engaged through the Lenovo 360 Circle —the company is advancing a shared vision for a more sustainable and inclusive future. To read the full Lenovo FY 2024/25 ESG Report, visit this website. About Lenovo Lenovo is a US$69 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. Visit 3BL Media to see more multimedia and stories from Lenovo

Design matters: discerning homeowners and investors shape the future of property aesthetics
Design matters: discerning homeowners and investors shape the future of property aesthetics

IOL News

time2 days ago

  • Business
  • IOL News

Design matters: discerning homeowners and investors shape the future of property aesthetics

Bespoke interiors by Lucy Harris Studio blend nature, modern eclecticism, and comfort for a growing family in In a new Brooklyn brownstone home. Image: Brian W. Ferry Discerning homeowners and investors were demanding more from design (both inside and out) as South Africa's property market continues to evolve. According to the team at Fine & Country Sub-Saharan Africa (SSA), who specialise in premium residential property across the region, the sector was on the cusp of a design shift, shaped by changing values, technological innovation, and a growing desire for permanence and personalisation. Real estate is no longer about location or price per square metre only. Increasingly, how a home looks, feels, and functions is as important as where it is. The open plan living, long favoured for its sense of space and sociability, is giving way to more intentional spatial zoning. This is not a complete departure from the open-plan ethos, but rather an evolution. "We're seeing a move toward multi-functional spaces that balance openness with privacy," says the Fine & Country team. "Homeowners want connection, but they also want dedicated areas for focus, fitness, or retreat." Designers were responding with innovative partitions, sliding screens, and level changes to create zones within zones, offering flexibility without forfeiting flow. Sustainability has matured from a buzzword into a baseline expectation as today's buyers are more educated and more discerning. 'It's not enough to add a few solar panels and call a property green. Sustainability must be deeply embedded, from passive climate control and greywater systems to locally sourced, low-impact building materials.' Green buildings are not only for the privileged few; they are accessible and beneficial to all. As South Africa faced rising energy costs, water shortages, and growing investor pressure for assets that meet ESG (Environmental, Social, and Governance) criteria, the property industry must adapt. Contrary to common misconceptions, green buildings are not inherently more expensive. They deliver long-term financial and environmental benefits, often at little to no extra cost. The Green Building Council South Africa (GBCSA), an independent third-party verifier, defines a green building as one that reduces its environmental impact across multiple areas, including energy and water efficiency, material use, waste, indoor air quality, transport access and socio-economic benefits. 'People often assume green buildings are about extravagant add-ons like solar panels,' said Lisa Reynolds, CEO of GBCSA, recently. 'In reality, they prioritise efficient design-reducing resource consumption while enhancing occupant well-being and long-term sustainability.' Natural ventilation, high-performance glazing, and smart home systems that actively manage energy use have become standard in high-value homes. In turn, design must accommodate these technologies while maintaining aesthetic harmony. The Absa's Homeowners Sentiment Index (HSI) for the first quarter of this year also revealed a growing aspiration among South African homeowners to live off-grid, with many seeking to replace municipal and state-provided services, particularly electricity and water, in pursuit of greater sustainability and self-sufficiency. More than three-quarters (76%) of respondents indicated a desire to move away from state-supplied electricity, while nearly half (49%) expressed interest in replacing municipal water sources. In parallel, households are actively adopting more sustainable practices in their daily lives, with 57% cultivating fruit and vegetable gardens and 42% using solar power for electricity. A majority of homeowners (64%) are exploring borehole and filtration systems, while 53% are considering rainwater harvesting to improve water security. The stark minimalism of the 2010s is giving way to a softer, warmer approach. This includes textured plaster walls, soft curves, and tactile surfaces like limewash, fluted wood, and natural stone. 'The aesthetic is pared back but layered. There's a greater emphasis on craftsmanship, heritage finishes and a neutral palette that feels calm, not cold.' This trend is also practical as homeowners spend more time in their spaces, working, entertaining, and relaxing, there is a need for comfort as well as style. Interiors are expected to be intuitive and inviting. While restraint rules much of today's design thinking, personalisation is back in a big way. "We're seeing a renewed interest in bold, singular design elements, arched doorways, sculptural staircases, or one-off art commissions. It's about grounding a home with character and creating moments of surprise or narrative." In architecture, this translates to stronger façades with texture, depth, and asymmetry, rather than flat or formulaic silhouettes. As lifestyle and wellness continue to shape how people live, homes are being reimagined as holistic ecosystems. Biophilic design, the integration of nature into built environments, is gaining traction through indoor gardens, natural light corridors, and even living walls. 'People want homes that not only reflect their style, but also support their health, productivity and wellbeing. This is especially true for buyers in the upper end of the market, where design must elevate daily living.' There is a movement toward what some architects are calling 'honest architecture', a rejection of mimicry or over-decoration in favour of authenticity. Raw materials are celebrated rather than covered up. The function of a space is expressed clearly in its form. In South Africa, this dovetails with a celebration of local context: embracing vernacular architecture, indigenous plantings, and indoor-outdoor transitions that connect people to place. As buyers become more design-savvy, the expectations placed on homes are becoming more nuanced. The challenge for architects, designers and developers is to create spaces that are not only beautiful, but intelligent, sustainable and deeply personal. 'Our clients are seeking more than properties, they're seeking homes that express who they are and how they want to live. Design plays a central role in that story,' says Fine & Country SSA. Independent Media Property

L&T Launches India's First ESG Bonds Worth ₹500 Crore on NSE, ET Infra
L&T Launches India's First ESG Bonds Worth ₹500 Crore on NSE, ET Infra

Time of India

time5 days ago

  • Business
  • Time of India

L&T Launches India's First ESG Bonds Worth ₹500 Crore on NSE, ET Infra

Advt Advt By , ETInfra Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Larsen & Toubro ( L&T ), an infrastructure and technology conglomerate, on Monday announced that it has listed India's first Environmental, Social, and Governance (ESG) bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in an official statement, the company said that it has successfully raised ₹500 crore through Non-Convertible Debentures ( NCDs ) at a competitive coupon rate of 6.35 per cent. This issuance falls under the Securities and Exchange Board of India's (SEBI) newly introduced ESG and sustainability-linked bond framework.'This initiative underlines our dedication to long-term sustainable development and positions us at the forefront of responsible corporate governance and environmental stewardship. This deal reinforces our commitment to driving L&T's ESG goals and supporting the larger energy transition objective,' said R. Shankar Raman, President, Whole-time Director & CFO of L& part of the sustainability-linked bond agreement, L&T has undertaken ambitious environmental commitments, including measurable reductions in freshwater withdrawal intensity and greenhouse gas targets are integral to the company's broader vision of achieving water neutrality by 2035 and carbon neutrality by 2040, directly contributing to India's national agenda for Net-Zero and climate-resilient NCDs, with a three-year maturity period, are set to mature on June 19, 2028, with interest payments made annually. The transaction was issued in partnership with HSBC, which served as the sole lead arranger. It adheres strictly to SEBI's comprehensive regulatory guidelines, introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond framework mandates crucial disclosures, including clear sustainability objectives, external evaluations such as Second-Party Opinions (SPOs), and continuous post-issuance reporting with well-defined Key Performance Indicators (KPIs) to measure ESG impact.

L&T lists India's first ESG bonds worth ₹500 crore on NSE
L&T lists India's first ESG bonds worth ₹500 crore on NSE

Time of India

time5 days ago

  • Business
  • Time of India

L&T lists India's first ESG bonds worth ₹500 crore on NSE

Larsen & Toubro ( L&T ), an infrastructure and technology conglomerate, on Monday announced that it has listed India's first Environmental, Social, and Governance (ESG) bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India. In an official statement, the company said that it has successfully raised ₹500 crore through Non-Convertible Debentures ( NCDs ) at a competitive coupon rate of 6.35 per cent. This issuance falls under the Securities and Exchange Board of India's (SEBI) newly introduced ESG and sustainability-linked bond framework. 'This initiative underlines our dedication to long-term sustainable development and positions us at the forefront of responsible corporate governance and environmental stewardship. This deal reinforces our commitment to driving L&T's ESG goals and supporting the larger energy transition objective,' said R. Shankar Raman, President, Whole-time Director & CFO of L&T. As part of the sustainability-linked bond agreement, L&T has undertaken ambitious environmental commitments, including measurable reductions in freshwater withdrawal intensity and greenhouse gas emissions. These targets are integral to the company's broader vision of achieving water neutrality by 2035 and carbon neutrality by 2040, directly contributing to India's national agenda for Net-Zero and climate-resilient growth. The NCDs, with a three-year maturity period, are set to mature on June 19, 2028, with interest payments made annually. The transaction was issued in partnership with HSBC, which served as the sole lead arranger. It adheres strictly to SEBI's comprehensive regulatory guidelines, introduced on June 5, 2025, aimed at enhancing transparency and accountability among bond issuers. SEBI's framework mandates crucial disclosures, including clear sustainability objectives, external evaluations such as Second-Party Opinions (SPOs), and continuous post-issuance reporting with well-defined Key Performance Indicators (KPIs) to measure ESG impact.

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