Financing Through Sustainability Linked Loan
December 3, 2021
Nissha Co., Ltd.
Nissha Co., Ltd. (hereinafter “Nissha”) procured 10 billion yen in funding through a Sustainability Linked Loan (hereinafter “SSL”) on December 3, 2021. An SSL is a loan designed to provide preferential interest rates in accordance with how far a set sustainability performance target (hereinafter “SPT”) is achieved, in order to promote sustainable economic activities and growth.
Outline of Current Financing
| Financing Sources | Mizuho Bank, Ltd., Bank of Kyoto, Ltd., MUFG Bank, Ltd. |
|---|---|
| Financing Amount | 10 billion yen |
| Use of Funds | Working capital |
| Set SPT | Reduction of CO2 *Nissha has set out a goal of reducing total Group CO2 emissions to 30% less than 2020 levels by 2030 in our Sustainability Vision, which lays out what we should be by 2030 (our long-term vision). |
| Other | In terms of conformity with the policies of the international Sustainability Linked Loan Principles and the Ministry of the Environment's Green Loan and Sustainability Linked Loan Guidelines, we have obtained a second opinion from Rating and Investment Information, Inc. |
One of our Group's key initiatives for sustainability is contributing to a decarbonized society. We are working to provide sustainable materials that contribute to plastic-free society and reducing our total CO2 emissions generated from our business activities.
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