Sustainable Finance
View Sumitomo Corporation's Sustainability : Sustainable Finance
“Enriching lives and the world” is the corporate message of the Group. We are developing our business around the world with the aim of realizing a sustainable society and enriching people’s lives. Based on a phrase that conveys the Group’s business philosophy: “Benefit for self and others, private and public interests are one and the same,” we strategically allocate management resources in anticipation of the long-term shifting business landscape impacted by these social issues, and we leverage our strengths to continue creating the value that society truly needs. We promote sustainability management in the belief that each of these actions will create a sustainable society and achieve sustainable growth for Sumitomo Corporation.
As part of the promotion of sustainability management, we have developed the Sustainable Finance Framework to promote awareness of Sumitomo Corporation Group’s sustainability management among a wide range of Stakeholders, and to promote such efforts from the viewpoint of financing.
The Sumitomo Corporation’s Sustainable Finance Framework sets forth guidelines for four elements (1. Use of Proceeds, 2. Process for Project Evaluation and Selection, 3. Management of Proceeds, 4. Reporting) in accordance with Green Bond Principles 2021, Social Bond Principles 2023 and Sustainability Bond Guidelines 2021 by the International Capital Market Association (ICMA) and Green Loan Principles 2023 and Social Loan Principles 2023 by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications & Trading Association (LSTA).
For the assessment of the alignment of the Sustainable Finance Framework with the above principles and guidelines, Sumitomo Corporation obtained a second-party opinion from Rating and Investment Information, Inc. (R&I).
Name | 1st Green Bond (60th unsecured bonds) | 2nd Green Bond (64th unsecured bonds) |
---|---|---|
Issue Date | May 24, 2022 | Sep 6, 2023 |
Redemption date | May 24, 2032 | Sep 6, 2033 |
Term to Maturity | 10 years | 10 years |
Issue Amount | 20 billion yen | 10 billion yen |
Reporting | The allocation of funds / Impact reporting | The allocation of funds / Impact reporting |
The second-party opinion | Review by Sustainalytics | Review by Sustainalytics |