What is a Sustainability-Linked Loan (SLL)?

A financing method where loan terms, such as interest rates, vary based on the borrower's achievement of sustainability performance targets (SPTs). It aims to promote sustainable business practices.

What are MIRARTH Holdings' specific targets?

MIRARTH Holdings aims to reduce greenhouse gas emissions (Scope 1, 2) across the group by 70% by fiscal year 2030, using fiscal year 2022 as the baseline.

What is the intended use of the 1 billion yen raised?

The 1 billion yen will be used as working capital for MIRARTH Holdings. It is an unsecured, unguaranteed contract for a three-year term.

AI News NQ Analysis

[Kyoto Bank] MIRARTH Holdings Raises Funds through Sustainability-Linked Loan

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AI Summary (NQ-processed)

MIRARTH Holdings has raised 1 billion yen from Kyoto Bank through a Sustainability-Linked Loan (SLL). The loan terms are linked to the group's goal of reducing greenhouse gas emissions (Scope 1,2) by 70% by FY2030.

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Frequently Asked Questions

Q: What is a Sustainability-Linked Loan (SLL)?: A: A financing method where loan terms, such as interest rates, vary based on the borrower's achievement of sustainability performance targets (SPTs). It aims to promote sustainable business practices.
Q: What are MIRARTH Holdings' specific targets?: A: MIRARTH Holdings aims to reduce greenhouse gas emissions (Scope 1, 2) across the group by 70% by fiscal year 2030, using fiscal year 2022 as the baseline.
Q: What is the intended use of the 1 billion yen raised?: A: The 1 billion yen will be used as working capital for MIRARTH Holdings. It is an unsecured, unguaranteed contract for a three-year term.