Conclusion of First Green Loan Agreement with SBI Shinsei Bank by Utilizing Kawasaki’s Master Framework

Tokyo, October 31, 2024 – Kawasaki Heavy Industries, Ltd. announced today that it has concluded a loan agreement (“the Agreement”) with SBI Shinsei Bank, Ltd. as part of its sustainable finance initiatives. The Agreement is the first case of green loan agreement utilizing Kawasaki’s master framework (the Master Framework) announced in November 2023, which is the world’s first funding framework for all types of sustainable finance, and the fourth sustainable finance agreement based on the Master Framework, following the Sustainability Linked Loan and Transition Loan announced on January 31, 2024 and the transition bond issued on February 29, 2024.

Lender(s) that have entered into the Agreement

Date	Lenders	Type
October 2024	SBI Shinsei Bank, Limited	Green Loan

The Master Framework is a financing framework that encompasses all forms of sustainable finance and is designed to promote the use of sustainable finance to support the three focal fields in Kawasaki’s Group Vision 2030; “A Safe and Secure Remotely-Connected Society”, “Near-Future Mobility” and “Energy and Environmental Solutions.”
A Green loan is designed for projects that contribute to environmental improvement. The funds procured through this loan will be allocated to new expenditures or refinance of existing disbursements related to projects associated with the Eligible Criteria “Clean Transport and Storage of Hydrogen” under the Master Framework.

 

Eligible Criteria	eligible category	Project Example
Clean transport and storage of hydrogen	Environmentally Adapted Products, Environmentally Conscious Production Technologies and Processes (Sustainable Ocean Transportation)	hydrogen liquefier
		Liquefied hydrogen shipping and receiving base
		Liquefied hydrogen storage tank
		Liquefied hydrogen carrier
		hydrogen fuel vessel
		Tank system for Liquefied hydrogen carrier
		hydrogen compressor

※ The marks in each project example refer to the following project categories:

: Green Project : Blue Project

 

Kawasaki has set a KPI regarding sustainable finance ratio target as “50% of long-term debt in FY 2030 and 100% in FY 2050" in its Group Vision 2030. With the conclusion of the Agreement, the sustainable finance ratio will become 22%. The company will accelerate its sustainability management initiatives and strengthen its engagement with stakeholders to contribute to the achievement of the SDGs and a sustainable society.

Related Links

Kawasaki’s Sustainable Finance
https://global.kawasaki.com/en/corp/ir/finance/index.html

Kawasaki’s Group vision 2030
https://global.kawasaki.com/en/groupvision2030/