According to the company’s website press release on November 1, 2022, Toyota Tsusho Corporation ("Toyota Tsusho") announced that it has established its Green Finance Framework*1 (the "Framework") to implement procurement of funds for use in its Renewable Energy Business, promoting the idea that, "for the company, sustainability and good management are the same," and in order to bolster initiatives aimed at achieving carbon neutrality.
Toyota Tsusho have established the Framework in alignment with the Green Bond Principles 2021 (the "GBP") administered by the International Capital Market Association ("ICMA") and the Green Loan Principles 2021 (the "GLP") administered by the Loan Market Association ("LMA"), the Asia Pacific Loan Market Association ("APLMA") and the Loan Syndications & Trading Association ("LSTA"). In addition, the Framework has received Second-Party Opinion*2 on its alignment with the GBP and the GLP from independent environmental, social and governance ("ESG") research firm Sustainalytics.
Toyota Tsusho plans to use funds procured through the Framework for development, construction and operation of renewable energy projects including plant construction, power generation, power transmission, and expenditures related to the purchase of renewable energy power, etc.
Toyota Tsusho will contribute to the transition to a decarbonized society by accelerating the development of renewable energy projects that contribute to the reduction of greenhouse gas emissions and by promoting carbon neutral initiatives, using the funds raised through green finance, thereby "Passing on a better global environment to the children of the future."
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Published on November 22, 2022 2:00 PM (GMT+8)Last Updated on November 22, 2022 2:00 PM (GMT+8)
