Applied Geology Co., Ltd.
We have concluded a “Mizuho Eco Finance” agreement with Mizuho Bank. ……
Oyogyo Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, President and Representative Director: Hirofumi Amano, hereinafter referred to as the “Company”) is pleased to announce that it has entered into a financing agreement with Mizuho Bank, Ltd. for “Mizuho Eco Finance.” “Mizuho Eco Finance” is an environmental evaluation financial product developed by Mizuho Bank to promote initiatives together with its business partners toward the transition to a decarbonized society. Using the environmental evaluation model developed by Mizuho Research & Technologies, which incorporates globally reliable environmental certifications and evaluations, we score companies’ sustainability efforts and indices, and evaluate companies that meet a certain score or higher. A loan is provided to a company.
In December 2019, we expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and in addition to working on various disclosures in line with the
recommendations, we announced our goal of achieving 2050 carbon neutrality in February 2023. The goal is to reduce GHG emissions, including Scope 3, to virtually zero by the same year. As a result of these efforts, we have achieved a certain level of evaluation in the scoring mentioned above.
In accordance with the medium-term management plan “OYO Advance 2023,” our group is actively promoting sustainable management (ESG management and contributing to the achievement of SDGs goals) and achieving three values (social value, environmental value, customer value) through our core business. ). With the conclusion of this agreement, we will further strengthen our sustainable management efforts and actively promote management that is conscious of capital costs, including the realization of an optimal capital structure.
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