The Oji Group has formulated “Environmental Vision 2050” and “Environmental Action Program 2030,” and has set targets of achieving net-zero greenhouse gas emissions by 2050 and, in the process, reducing these emissions by 70% or more compared to FY2018 by 2030.
To make the entire Group’s efforts to achieving these targets, The Oji Group has established a green finance framework.
By utilizing funds raised via green bonds and green loans, the Oji Group will promote initiatives to realize a decarbonized society.
“Oji Holdings Corporation Green Financing Framework” has been developed to address the four key pillars in line with the principles and guidelines listed below:
- “Green Bond Principles 2021” by the International Capital Market Association (ICMA)
- “Green Loan Principles 2021” by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA)
- “Green Bond and Sustainability Linked Bond Guidelines 2022” by Ministry of Environment Japan
- “Green Loan and Sustainability Linked Loan Guidelines 2022” by Ministry of Environment Japan
The Oji Group has obtained a second party opinion from DNV Business Assurance Japan K.K., an independent external reviewer, that the framework is aligned with these principles and guidelines. In the development of the framework and the acquisition of the second party opinion, Nomura Securities Co., Ltd. provided support as a structuring agent to provide advice and other assistance.