Kawasaki decides to issue Green Bond —Contribution to global carbon neutrality by building a clean hydrogen supply chain
Jun. 06, 2022
Kawasaki Heavy Industries, Ltd. (hereinafter “Kawasaki”) has decided to issue green bond (hereinafter “the Bond”) following its sustainability bond*1 issued in July 2021. Based on the framework*2 for financing, Kawasaki plans to use the funds raised through public offering in the domestic market for projects to build a clean hydrogen supply chain, which is essential to achieving global carbon neutrality.
The company has set a sustainable finance target for 50% of its long-term debt in FY2030 and 100% in FY2050. By making active use of sustainable finance, they will accelerate their sustainability management initiatives to realize the Group Vision 2030*3 and strengthen their engagement with stakeholders to contribute to the achievement of the SDGs and a sustainable society.
Summary of the Green Bond
| Company | Kawasaki Heavy Industries, Ltd. |
| Tenor | 10 years |
| Amount | 10 Billion Yen |
| Date of Issuance | July 2022 (planned) |
| Underwriters | Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
| *1 | Bonds issued to raise funds specifically for projects that contribute to environmental and social sustainability. On the other hand, green bond is for projects that contribute to solving environmental problems. |
| *2 | Details of the Framework. https://global.kawasaki.com/en/corp/ir/finance/bond_framework.html
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| *3 | Group Vision 2030 |
More information of the sustainability finance
https://global.kawasaki.com/en/corp/ir/finance/index.html
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