The Bank of Kyoto, Ltd. Supporting SDGs and ESG management of business partners! Efforts for “Kyogin Green L oan” ~Concluded a contract with Nippon Electric Glass Co., Ltd.~

The Bank of Kyoto, Ltd.
We support the SDGs and ESG management of our business partners! Efforts for “Kyogin Green Loan” ~Concluded a contract with Nippon Electric Glass Co., Ltd.~
~Concluded a contract with Nippon Electric Glass Co., Ltd.~

Today (November 22, 2022 (Tuesday)), the Bank of Kyoto (President: Nobuhiro Doi) issued a “Kyoto Bank Green Loan” to Nippon Electric Glass Co., Ltd. (President: Motoharu Matsumoto, Headquarters: Otsu City, Shiga Prefecture). We are pleased to inform you that we have worked on
A green loan is a product with a structure that limits the use of proceeds to environmentally friendly projects (green projects). Nippon Electric Glass Co., Ltd. is a company that manufactures special glass such as glass substrates for LCDs and glass fibers for reinforcing high-performance resins. We aim to achieve carbon neutrality by 2050, in addition to promoting initiatives with the environment, diversity, and regions as material issues. Proceeds from this loan will be used for projects that meet the evaluation criteria based on the Green Finance Framework.
The “Green Finance Framework” formulated by the company in October 2022 is based on the “Green Bond Principles (GBP) 2021” defined by the International Capital Market Association (ICMA) and the “Green Bond Guidelines (2022)” stipulated by the Ministry of the Environment. 2021)”, “Green Loan Principles 2021” stipulated by the Loan Market Association (LMA), Asia Pacific Loan Market Association (APLMA) and Loan Syndication & Trading Association (LSTA), and “Green Loan Principles 2021” stipulated by the Ministry of the Environment We have obtained a second opinion from the Japan Credit Rating Agency (JCR) to the effect that it conforms to the Guidelines (2022 edition)*.  The Bank will continue to aim for the further development of customers and the realization of sustainable local communities through SDGs/ESG management support for local companies.
*Evaluation report by Japan Credit Rating Agency (JCR)
https://www.jcr.co.jp/greenfinance/

Details about this release:
https://prtimes.jp/main/html/rd/p/000000148.000025765.html


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