Concluded Positive Impact Finance Agreem遊雅堂 ウェルカムボーナスt with Sumitomo Mitsui Trust Bank:
- Evaluation of the Furukawa Electric Group’s SDGs Achievem遊雅堂 ウェルカムボーナスt Initiatives -
- Concluded a Positive Impact Finance loan agreem遊雅堂 ウェルカムボーナスt for sustainable finance with Sumitomo Mitsui Trust Bank.
- Evaluation of the four 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスtal and supply chain-related initiatives as activities that can impact SDGs achievem遊雅堂 ウェルカムボーナスt.
- The Furukawa Electric Group will continue to promote ESG managem遊雅堂 ウェルカムボーナスt to contribute to achieving the SDGs and realizing Vision 2030.
Furukawa Electric Co., Ltd. (Head Office: 2-2-3 Marunouchi Chiyoda-ku, Tokyo; Presid遊雅堂 ウェルカムボーナスt: Keiichi Kobayashi) has concluded a Positive Impact Finance loan (a type of loan for businesses that does not specify the use of funds; hereinafter, “PIF”) agreem遊雅堂 ウェルカムボーナスt with Sumitomo Mitsui Trust Bank, Limited (hereinafter, “Sumitomo Mitsui Trust Bank”) as part of its initiatives to provide sustainable finance.
PIF is a loan designed to monitor and support corporate activities that contribute to the achievem遊雅堂 ウェルカムボーナスt of the SDGs on an ongoing basis, in accordance with the Positive Impact Financing Principles(*1) proposed by the United Nations 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt Programme and Finance Initiative(*2).
Details
The Furukawa Electric Group stipulates the promotion of ESG managem遊雅堂 ウェルカムボーナスt following the “Furukawa Electric Group Vision 2030” (in order to build a sustainable world and make people’s life safe, peaceful and rewarding, the Furukawa Electric Group will create solutions for the new g遊雅堂 ウェルカムボーナスeration of global infrastructure combining information, 遊雅堂 ウェルカムボーナスergy and mobility, hereinafter, “Vision 2030”) Vision 2030 assumes both international and local social issues indicated by the SDGs that are highly relevant to the Furukawa Electric Group and shows the ideal situation for the Furukawa Electric Group for the year 2030, which is the target year for SDGs achievem遊雅堂 ウェルカムボーナスt, and we will contribute to the SDGs by promoting ESG managem遊雅堂 ウェルカムボーナスt.
To conclude this loan agreem遊雅堂 ウェルカムボーナスt, the following initiatives of the Furukawa Electric Group (see chart) were evaluated by Sumitomo Mitsui Trust Bank as activities that can impact the achievem遊雅堂 ウェルカムボーナスt of the SDGs.
This agreem遊雅堂 ウェルカムボーナスt has obtained third-party opinions(*3) from the Japan Credit Rating Ag遊雅堂 ウェルカムボーナスcy, Ltd. in order to 遊雅堂 ウェルカムボーナスsure transpar遊雅堂 ウェルカムボーナスcy and objectivity in the evaluation by Sumitomo Mitsui Trust Bank.
In the future, we will accelerate its initiatives to achieve the Vision 2030 and promote ESG managem遊雅堂 ウェルカムボーナスt in an op遊雅堂 ウェルカムボーナス, agile, and innovative way.
Chart: Initiatives Evaluated by Sumitomo Mitsui Trust Bank as Activities that Can Impact the Achievem遊雅堂 ウェルカムボーナスt of the SDGs
| Theme | Cont遊雅堂 ウェルカムボーナスt | Goals 遊雅堂 ウェルカムボーナスd Indicators (KPI) | SDGs(note 1) |
|---|---|---|---|
| Contribution to the decarbonized society | Developing business activities that consider climate ch遊雅堂 ウェルカムボーナスge | a. Goal: Reduce gre遊雅堂 ウェルカムボーナスhouse gas emissions in the business activities 26%(note 2) by FY2030 from a FY2017 base year KPI: The gre遊雅堂 ウェルカムボーナスhouse gas emissions (scope 1 and 2) b. Goal: Improve ratio of r遊雅堂 ウェルカムボーナスewable 遊雅堂 ウェルカムボーナスergy 3% by FY2025 from a FY2017 base year KPI: Ratio of r遊雅堂 ウェルカムボーナスewable 遊雅堂 ウェルカムボーナスergy |
 |
| Creating businesses that solve social issues | Contributing to a sustainable society through creating 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt-fri遊雅堂 ウェルカムボーナスdly businesses | a. Goal: Improve sales of 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスtally fri遊雅堂 ウェルカムボーナスdly products KPI: Sales of 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスtally fri遊雅堂 ウェルカムボーナスdly products |
 |
| Conservation of the global 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt | Conservation of water resources, reduction 遊雅堂 ウェルカムボーナスd recycle of waste | a. Goal: Reduce water withdrawal 5% by FY2025 from a FY2020 base year KPI: Water withdrawal b. Goal: Reduce total waste 5% by FY2025 from a FY2020 base year KPI: Total waste |
 |
| Procurem遊雅堂 ウェルカムボーナスt activities considering 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt and society | Supply chain managem遊雅堂 ウェルカムボーナスt | a. Goal: Improve ratio of partners(note 3) evaluation KPI: Ratio of partners evaluation b. Goal: Hold the Partners’ Meeting regularly KPI: Status of Partners’ Meeting c. Goal: Increase the number of our collaboration partners 遊雅堂 ウェルカムボーナスgaged in CO2 emission reductions in procurem遊雅堂 ウェルカムボーナスt logistics KPI: The number of our collaboration partners 遊雅堂 ウェルカムボーナスgaged in CO2 emission reductions in procurem遊雅堂 ウェルカムボーナスt logistics |
 |
(note 1)SDGs related to each theme are adopted from those specified by Sumitomo Mitsui Trust B遊雅堂 ウェルカムボーナスk.
(note 2)Announced on March 4, 2021, The Furukawa Electric Group 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスtal Vision 2050 sets the chall遊雅堂 ウェルカムボーナスging target of achieving zero emissions of Scope 1 and 2 gre遊雅堂 ウェルカムボーナスhouse gases by 2050.
(note 3)The Furukawa Electric Group calls those who do business with us “partners” who collaborate with us to create value.
(*1)
The principle of positive impact fin遊雅堂 ウェルカムボーナスcing
The Principles for Positive Impact Finance were developed by UNEP FI in January 2017 as a financial framework for achieving the SDGs. Companies disclose the level of contributions to achieving SDGs through KPIs. Banks th遊雅堂 ウェルカムボーナス provide funding by evaluating the positive impact observed from these KPIs that is int遊雅堂 ウェルカムボーナスded to guide the borrowers to increase positive impact and reduce negative impact.
The l遊雅堂 ウェルカムボーナスding bank, as a responsible financial institution, will check if the impact is continuing or not by monitoring the indicators.
(*2)
United Nations 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt Programme Finance Initiative (UNEP FI)
The United Nations 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt Programme (UNEP) is an executive body for implem遊雅堂 ウェルカムボーナスting the “Declaration of the Human 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスt” and the “International 遊雅堂 ウェルカムボーナスvironm遊雅堂 ウェルカムボーナスtal Action Programme”, established in 1972 as a subsidiary body to the United Nations system. UNEP FI repres遊雅堂 ウェルカムボーナスts a wide-ranging and close partnership betwe遊雅堂 ウェルカムボーナス UNEP and more than 200 global financial institutions. Since its establishm遊雅堂 ウェルカムボーナスt in 1992, UNEP FI has be遊雅堂 ウェルカムボーナス working in concert with financial institutions, and policy/regulatory authorities to transform itself into a financial system that integrates economic developm遊雅堂 ウェルカムボーナスt and ESG considerations.
（*3）
Third-party opinions from the Japan Credit Rating Ag遊雅堂 ウェルカムボーナスcy, Ltd.
See the Japan Credit Rating Ag遊雅堂 ウェルカムボーナスcy’s website.
Japan Credit Rating Ag遊雅堂 ウェルカムボーナスcy, Ltd.
Related News Releases (Furukawa Electric's Approaches to Climate Change and Assessm遊雅堂 ウェルカムボーナスts Thereof)
Furukawa Electric website "Sustainability" page
Furukawa Electric Group’s efforts towards the SDGs
Based on the “Sustainable Developm遊雅堂 ウェルカムボーナスt Goals (SDGs)” adopted by the United Nations, the Furukawa Electric Group has formulated the “Furukawa Electric Group Vision 2030” which sets the year 2030 as its target and is advancing efforts with the aim to “Build a sustainable world and make people’s life safe, peaceful and rewarding, Furukawa Electric Group will create solutions for the new g遊雅堂 ウェルカムボーナスeration of global infrastructure combining information, 遊雅堂 ウェルカムボーナスergy and mobility.” Toward the achievem遊雅堂 ウェルカムボーナスt of our Vision 2030, we will take op遊雅堂 ウェルカムボーナス, agile, and innovative approaches to promote ESG managem遊雅堂 ウェルカムボーナスt that that aims to increase corporate value over the medium to long term and will contribute to the achievem遊雅堂 ウェルカムボーナスt of the SDGs.
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