Sustainable Finance
About Sustainable Finance
Based on our Management Policy “We will constantly create new and innovative value, aspire to achieve a sustainable society and contribute to peopleʼs happiness”, we have formulated the long-term management vision "The Future, Wrapped for All". In order to realize our long-term management vision, we have set quantitative and qualitative management targets to be achieved by 2030 as the Mid- to Long-Term Management Goals 2030. In addition, as an action plan to achieve the Mid- to Long-Term Management Goals 2030, we have formulated the Mid-Term Management Plan 2025 for the five years from fiscal 2021. In light of these strategies and goals, we have reviewed the materiality identified in 2018 and set the new materiality with six key issues in 2022. We will further contribute to solving social issues by utilizing sustainable finance as a framework for raising funds to promote “Developing and offering products and services that are environmentally sound” as well as “contributing to environmental protection”, among our materiality.
Sustainability-Linked Loan
Overview of Sustainability Linked Loan
* The table can be scrolled left or right.
| Borrower |
Toyo Seikan Group Holdings, Ltd. |
|
|---|---|---|
| Agreement date |
December 26, 2022 |
December 28, 2022 |
| Lenders |
Sumitomo Mitsui Banking Corporation |
The Gunma Bank, Ltd. |
| Loan term |
5 years |
5 years |
| Loan amount |
30 billion yen |
30 billion yen |
| KPI |
Reduction of GHG emissions (Scope 1 + Scope 2) |
|
| SPTs |
We aim to achieve a yearly reduction of 4.5% in our Group's total GHG emissions (Scope 1 + Scope 2) compared to the 2019 fiscal year. |
|
| Reporting | Activity results (Toward a Zero-Carbon Society) | |
Green Bond
Overview of the First Unsecured Bond
* The table can be scrolled left or right.
| Issuer |
Toyo Seikan Group Holdings, Ltd. |
|---|---|
| Issue Date |
October 19, 2023 |
| Term |
5 years |
| Issuance amount |
100 billion yen |
| Interest rate |
0.598% per annum |
| Use of proceeds |
|
| Credit Rating |
Rating and Investment Information, Inc. (R&I) ：A |
| Lead managing securities companies |
Daiwa Securities Co. Ltd. / SMBC Nikko Securities Inc. / Mizuho Securities Co., Ltd. / Nomura Securities Co., Ltd. |
| Structuring agent*2 |
Daiwa Securities Co. Ltd. |
- The technology reforms and reinforces the bottom of the beverage can, enabling weight reduction.
- A provider who supports the issuance of green bonds through advice on the development of green finance frameworks, acquisition of external evaluations such as second opinions, and other related services.
Reporting
1) Fund allocation reporting (October 2023 - March 2024)
Regarding the funds raised through the issuance of "Toyo Seikan Group Holdings, Ltd. 1st Unsecured Corporate Bonds" in October 2023, they have been allocated entirely for refinancing purposes as shown in the table below.
* The table can be scrolled left or right.
| Eligible project | Funding amount (in hundred million yen) | Allocated amount (in hundred million yen) | Remaining amount (in hundred million yen) | Scheduled allocation period |
|---|---|---|---|---|
| Strengthening the production lines for secondary battery components for EVs and HEVs | 45.0 | 45.0 | 0.0 | - |
| Investment in manufacturing equipment for aluminum beverage cans using Compression Bottom Reform (CBR) technology | 30.0 | 29.5 | 0.5 | within the FY2024 |
| Acquisition, development, and construction of environmentally friendly buildings | 20.0 | 20.0 | 0.0 | - |
| Procurement of renewable energy electricity through the installation of solar panels | 5.0 | 2.2 | 2.8 | within the FY2024 |
| Total | 100.0 | 96.7 | 3.3 | - |
2) Impact Reporting (October 2023 - March 2024)
* The table can be scrolled left or right.
| 1. Strengthening the production lines for secondary battery components for EVs and HEVs |
Increase in production of automotive secondary battery components due to the expansion of production line |
730,000 kg |
|---|---|---|
|
Reduction in GHG emissions |
6,507.03 t |
|
| 2. Investment in manufacturing equipment for aluminum beverage cans using Compression Bottom Reform (CBR) technology |
Estimated reduction in aluminum material usage |
40.07 t |
|
Reduction in GHG emissions |
146.53 t |
|
| 3. Acquisition, development, and construction of environmentally friendly buildings |
Building overview |
Kumagaya Logistics Center |
|
The acquired Green Building certification level |
CASBEE : A rank |
|
|
Reduction in GHG emissions |
9.31 t |
|
| 4. Procurement of renewable energy electricity through the installation of solar panels |
Reduction in GHG emissions* |
226.93 t |
- For the non-operational facilities as of the end of March 2024, calculations will be based on estimated values.