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Our Company / ESG Finance1st Transition Bond

1st Transition Bond

An overview of the bond issue is given as well as Transition Bond Framework and a third-party assessment of eligibility.

Overview of Bond Issue

Issuance of Transition Bonds of 5 years, 12 billion yen and 10 years, 8 billion yen were decided on May 18, 2022.
Press Release (May 18, 2022)

This bond issuance has been selected as the model case for “Climate Transition Finance Model Project in FY2021” by Japan’s Ministry of Economy, Trade and Industry.

Framework and third-party assessment were updated following the announcement of the new Environmental Target (deep dive into our transition strategy) on May 12, 2022.

< Main update points >

  • Added "JERA Environmental Target 2035“
  • Partial update of "JERA Zero CO2 Emissions 2050 Roadmap for its Business in Japan"

Framework

Framework was developed in accordance with Climate Transition Finance Handbook 2020, Basic Guidelines on Climate Transition Finance (May 2021), Green Bond Principles 2021, and Green Bond Guidelines 2020.

Framework(856.6KB)

Third-party Assessment of Eligibility

DNV Business Assurance Japan K.K., a third-party assessment agency, has conducted an assessment to evaluate compliance with various standards relating to transition bond issue.

Third-party assessment report(3MB)