Conclusion of Loan Agreements by Utilizing the Positive Impact Evaluation Framework
Nov. 29, 2023
Tokyo, November 29, 2023 – Kawasaki Heavy Industries, Ltd. announced today that it has concluded loan agreements (“the agreements”) for positive impact finance (PIF) (with unspecified use of funds) with three lenders as part of its sustainable finance initiatives.
The agreements utilize the Positive Impact Evaluation Framework (“the Framework) provided by Sumitomo Mitsui Trust Bank, Limited (“SMTB”) in December 2022, and the total number of loans using the Framework reached ten.
Lenders that have entered into the agreements
|The Chiba Bank, Ltd.
|The Joyo Bank, Ltd.
|The Nishi-Nippon City Bank, Ltd.
By entering into loan agreements using the Framework, it is possible to reduce the burden on both the lender and the borrower, as well as to avoid discontinuity and discrepancy between the company policy and its individual sustainable finance. Through this initiative, the company will make a great contribution to the expansion and development of sustainable finance not only in the company but also in Japan.
Kawasaki has set a sustainable finance target as “50% of long-term debt in FY 2030 and 100% in FY 2050" in the Group Vision 2030 which describes the future vision the company aims to achieve by 2030. By utilizing the Framework together with the Sustainability Linked Loan Framework Template established on November 2022, Kawasaki will accelerate its sustainability management initiatives and strengthen its engagement with stakeholders to contribute to the achievement of the SDGs and a sustainable society.
“Positive Impact Evaluation Framework”
Kawasaki’s Positive Impact Finance
Kawasaki’s Sustainable Finance