Procurement of Funds via DBJ-Dialogue-Based Sustainability Linked Loan from Development Bank of Japan (DBJ)

Q: What are the key facts in this article?

The company has entered into a loan agreement with the Development Bank of Japan (DBJ) under the 'DBJ-Dialogue-Based Sustainability Linked Loan' framework. This is the first sustainability-linked loan based on the company's 'Environmental Vision 2040,' with funds earmarked for railway capital investments to promote sustainable management.

Q: What is the direct answer?

The company has entered into a loan agreement with the Development Bank of Japan (DBJ) under the 'DBJ-Dialogue-Based Sustainability Linked Loan' framework. This is the first sustainability-linked loan based on the company's 'Environmental Vision 2040,' with funds earmarked for railway capital investments to promote sustainable management.

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Source: https://prtimes.jp/main/html/rd/p/000001296.000010686.html | Date: Date unavailable

The company has today concluded a loan agreement with the Development Bank of Japan (hereinafter "DBJ") under the DBJ-Dialogue-Based Sustainability Linked Loan (hereinafter "this Loan"). This is the first sustainability-linked loan based on our "Environmental Vision 2040." This Loan is based on the "Sustainability Linked Loan Principles" and the "Green Loan and Sustainability Linked Loan Guidelines." As the lender, DBJ supports the borrower in setting appropriate Key Performance Indicators (hereinafter "KPIs") and Sustainability Performance Targets (hereinafter "SPTs") that contribute to the advancement of the borrower's sustainability management through dialogue. Furthermore, by linking the loan terms to the borrower's performance against these SPTs and providing motivation for achieving them, the loan aims to promote and support the realization of a sustainable society and sustainable corporate growth through the resolution of environmental and social issues. DBJ sets the borrower's key initiatives for achieving SPTs as "dialogue themes" and provides ongoing support toward achieving these SPTs through regular dialogue during the loan period. Under our group slogan "Toward a Beautiful Era," we have positioned "Decarbonization and a Circular Society" as a materiality issue as a company that integrates public transportation and urban development, and we have been promoting sustainable urban development in harmony with the environment. In this Loan, the GHG emission reduction targets set forth in our "Environmental Vision 2040" have been established as the KPIs and SPTs. [Overview of DBJ-Dialogue-Based Sustainability Linked Loan] [Image placeholder] The funds procured through this Loan will be allocated to capital investment for our railway business. We will promote our sustainable management through the introduction of equipment and machinery with low environmental impact, the introduction of new rolling stock, and measures for climate change adaptation. [Reference]

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