What is a Green Bond?
A Green Bond is a bond used to finance projects that have an environmental improvement impact (green projects) including measures to combat global warming and promote renewable energy. This will be the first Green Bond to be issued in the non-ferrous metal industry in Japan.
Purpose and background of Green Bond issuance
The Group operates in two business domains, the precious metal recycling business and the environmental preservation business, both of which contribute directly to the "resolution of the earth's sustainability," a social challenge on a global scale based on common credo of "A Total Commitment to Protecting the Natural Environment and Preserving Resources," The Company also established the "Asahi Holdings SDGs Awards," an internal award for SDG activities designed to encourage employees to actively engage in eco-conscious activities.
Recently, as part of the Group's sustainability management initiatives, the Company decided to issue a Green Bond to raise funds that would be required to introduce eco-friendly facilities and equipment. Moving forward, the Group will continue to launch initiatives aimed at the "resolution of the earth's sustainability."
Overview of Green Bond
|Name||Asahi Holdings Green Bond|
|Issue date||March 31, 2020|
|Term of issuance||5 years|
|Amount to be issued||5 billion yen|
|Use of funds||
The funds have been used to help promote the folloing SDGs.
|Rating||GA 1 : Rating and Investment Information, Inc. (R&I)|
|Underwriter||MUFG Bank, Ltd.|
Third-party Eligibility Assessment
Eligibility of the Green Bond As for the eligibility of this Green Bond and its third-party evaluation, Rating and Investment Information, Inc., has given it a "GA1" rating, the highest rating for R&I Green Bond Assessment.
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