Sustainable Finance

Sustainable Finance

ITOCHU Group, conducting business globally under the spirit of “Sampo-yoshi” (“good for the seller, good for the buyer, good for society”), our founding spirit and Corporate Mission, considers that addressing global environmental and social issues is one of the top priorities in its management policy. We contribute to the realization of a sustainable society in order to achieve the goals of the ITOCHU Group Corporate Guideline of Conduct, “I am One with Infinite Missions.” Our use of sustainable finance for environmental and social issues aims to make the policy of ITOCHU known to various stakeholders and to further promote SDGs related initiatives.

Examples of Sustainable Finance Execution
Month of Execution Contents Evaluation Agency Evaluation
(at time of implementation)
May 2015 Development Bank of Japan
“DBJ Health Management Rating” private placement bond
Refer to: Press Releases
Development Bank of Japan “AA” (Highest Rated)
Mar 2021

USD-Denominated Senior Unsecured SDGs Bonds

Refer to: Press Releases
Vigeo Eiris “Robust” (Good)
Sep 2023

Sumitomo Mitsui Trust Bank Green Loan

Refer to: Press Releases
Japan Credit Rating Agency, Ltd. “Green1(F)” (Highest Rated)
Mar 2024 Mizuho Bank “Mizuho Human Capital Management Impact Finance.”
Refer to: Press Releases
Mizuho Research & Technologies “AA” (Highest Rated)

Framework

ITOCHU has established this SDGs Bond Framework in alignment with the Green Bond Principles, 2018, the Social Bond Principles, 2020 and the Sustainability Bond Guidelines, 2018 as administered by the International Capital Market Association (ICMA).

SDGs Bond Framework (PDF: 524KB)[PDF]

Second Party Opinion

ITOCHU has obtained an external evaluation (second party opinion) from Vigeo Eiris (Moody’s ESG Solutions) for the conformity of our Framework with principles such as the Sustainability Bond Guidelines.

Second Party Opinion (Vigeo Eiris) (PDF: 837KB)[PDF]

Reporting

Fund Allocation Report and Impact Report (May 2022)

Funds raised from SDGs bonds issued in March 2021 USD500M have been allocated to qualified projects in accordance with Section 3.2 of the SDGs Bond Framework. In addition, we calculated the impact on the environment and society of qualified projects to which the funds raised were allocated.

Fund Allocation Report and Impact Report (PDF: 218KB)[PDF]

Post-issuance Review (May 2022)

Itochu has obtained a post-issuance review from Moody’s ESG Solutions (renamed from Vigeo Eiris) for the fund allocation report and impact report created by us.

Post-issuance Review (PDF: 2.0MB)[PDF]

Click here[open in new window] for a press release regarding this matter.

Framework

ITOCHU has established this Green Loan Framework in alignment with the Green Loan Principles, 2023 as administered by the Asia Pacific Loan Market Association (APLMA), the Loan Market Association (LMA), and the Loan Syndications and Trading Association (LSTA), as well as the Green Loan Guidelines, 2022 as administered by the Ministry of the Environment of Japan.

Green Loan Framework (PDF: 451KB)[PDF]

Second Party Opinion

ITOCHU has obtained an external evaluation (second party opinion) from Japan Credit Research Agency, Ltd (JCR) for the conformity of our Framework with principles such as the Green Loan Principles.

Second Party Opinion (JCR) (PDF: 1.5MB)[PDF]

Click here[open in new window] for a press release regarding this matter.