Notice Regarding Conclusion of Sustainability Linked Loan Agreement with Kiraboshi Bank, Ltd.
- News Release
- Sustainability
February 28, 2025
Tosei Corporation
Tosei Corporation (Head office: Minato-ku, Tokyo; President and CEO: Seiichiro Yamaguchi; Securities code: 8923, "the Company" hereafter) is pleased to announce that it has signed a Sustainability Linked Loan financing agreement ("the Agreement" hereafter) with Kiraboshi Bank, Ltd. today.
The Agreement is based on the "Sustainability Linked Loan Framework" (the "Framework" hereafter) formulated by the Company in December 2024. The Framework has received a second opinion from Rating and Investment Information, Inc. that it conforms to the "Sustainability Linked Loan Principles (2023)" and the "Expected Elements of Sustainability Linked Loans" of "Green Loan and Sustainability Linked Loan Guidelines (2024)."
Outline of the Agreement
Lender |
Kiraboshi Bank, Ltd. |
---|---|
Loan amount |
580 million yen |
Purpose of use of the fund |
Purchase of real estate for sale |
Date of borrowing |
February 28, 2025 |
SPTs* |
Reduce Scope 1 and 2 by 50% by FY2030 (compared to FY2022) |
-
*It stands for Sustainability Performance Targets, which are targets related to sustainability activities to solve environmental and social issues.
The Tosei Group is committed to "expanding the provision of solutions to environmental/social issues and promoting sustainability management" in the basic policies of its medium-term management plan "Further Evolution 2026." As part of this effort, we will promote decarbonization measures, such as the use of renewable energy and the introduction of environmentally friendly equipment, to achieve the SPTs and eventually realize a sustainable society.
Sustainability Linked Loan is a loan that encourage borrowers to achieve SPTs by setting SPTs as sustainability goals to address environmental and social issues and linking the loan terms to the achievement of the SPTs. Examples of SPTs include reducing greenhouse gas emissions and energy use and improving ESG ratings.
- Company Name
-
Tosei Corporation
https://www.toseicorp.co.jp/english/ - President and CEO
- Seiichiro Yamaguchi
- Address
- 4-5-4 Shibaura, Minato-ku, Tokyo
- Fields of Business
- Revitalization, Development, Rental, Fund and Consulting, Property Management, Hotel
Public Relations/Sustainability Promotion Section
Corporate Management Department
Tosei Corporation