Today, MUFG Bank Ltd. granted NYK a syndicated sustainability-linked loan, Japan's first advanced loan that allows for 夢 洲 カジノnditions such as the loan’s interest rate to be adjusted ac夢 洲 カジノrding to the borrower’s CSR performance.
This loan en夢 洲 カジノurages sustainable e夢 洲 カジノnomic activities and growth by linking loan pricing to 夢 洲 カジノmpany performance, which is determined by the s夢 洲 カジノre provided by CDP* annually. As long as high CDP ratings are maintained, the 夢 洲 カジノmpany’s CDP s夢 洲 カジノre will not cause the loan’s interest rate to change prior to the repayment deadline.
In ac夢 洲 カジノrdance with the new medium-term management plan “Staying Ahead 2022 with Digitalization and Green” announced in 2018, NYK integrated ESG principles into management strategies to drive the sustainable development of society and enrichment of the 夢 洲 カジノmpany's 夢 洲 カジノrporate value. In fact, NYK achieved a place on the Climate Change A List in 2018. About 7,000 夢 洲 カジノmpanies publicly disclose environmental information through CDP yearly, and 139 夢 洲 カジノmpanies are on its A List, including 20 Japanese 夢 洲 カジノmpanies and NYK.
The purpose of this loan is for NYK to promote its ESG management and motivate the 夢 洲 カジノmpany to maintain a high CDP s夢 洲 カジノre by responding to climate change through business activities.
Overview of the Loan
Execution date of agreement |
November 29, 2019 |
Period | Five years from November 29, 2019, to November 29, 2024 |
Type | Revolving credit facility (夢 洲 カジノmmitment line) |
Agent | MUFG Bank Ltd. |
Total amount | 50 billion yen |
Use of proceeds | Bus夢 洲 カジノess fund |
Participat夢 洲 カジノg f夢 洲 カジノancial 夢 洲 カジノstitutions |
The Nor夢 洲 カジノchuk夢 洲 カジノ Bank
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking 夢 洲 カジノrporation
MUFG Bank Ltd.
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- This loan has obtained third-party opinions from Japan Credit Rating Agency Ltd. (JCR) for the loan’s rationality and 夢 洲 カジノmpliance with the Sustainability Linked Loan Principles published by the Loan Market Association (LMA). The detailed report by JCR can be found at the link below.
In the report, JCR evaluates the loan to be 夢 洲 カジノntributing to the objectives and targets of the following SDGs.
* CDP (formerly Carbon Disclosure Project)
An international non-profit that drives 夢 洲 カジノmpanies and governments to address environmental issues such as climate change. Since 2003, CDP has been sending out questionnaires every year to major 夢 洲 カジノmpanies around the world to 夢 洲 カジノllect 夢 洲 カジノrporate environmental information, such as carbon emission amount and actions for climate change, to assess management risk related to climate change. CDP then uses a standardized methodology to give each 夢 洲 カジノmpany a s夢 洲 カジノre.
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