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Ajinomoto Co. (2802) · InitiativeAdvanced

Reducing the Cost of Capital through Sustainable Finance

First written in FY2022. 3 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2024.

5entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2022AdvancedFY2023 – FY2024-Q1RestatedFY2024-Q22022: 120222023: 320232024: 12024
Same theme, other companies
Promotion of ESG Financing, Including Sustainability-Linked LoansA theme 5 companies write about · 0 as a headwind · 5 as a tailwind

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2024AdvancedAnnual report

    「More recently, we entered into 2 new sustainability-linked loan agreements in March and April 2024.」

    Following the SDG bond, positive impact finance and sustainability-linked bond, the company added 2 sustainability-linked loans in March and April 2024.
  2. FY2024-Q2RestatedAnnual report

    「We also formulated a sustainability-linked finance framework and, based on this framework, issued a sustainability-linked bond in June 2023.」

    The company reaffirmed the sustainability-linked finance framework and the June 2023 bond issuance as ongoing financing initiatives.
  3. FY2024-Q1AdvancedAnnual report

    「We also formulated a sustainability-linked finance framework and, based on this framework, issued a sustainability-linked bond in June 2023.」

    Following the previous SDG bond and sustainability-linked loan, the company formulated a sustainability-linked finance framework and issued a bond under the framework in June 2023.
  4. FY2023AdvancedAnnual report

    「Our Group generally relies on sustainable finance for the funds required for its various initiatives. Following the SDG bond issued in October 2021 and the commitment line through positive impact finance in January 2022, we entered into a commitment line agreement through a sustainability-linked loan in December 2022. More recently, in June 2023, we issued a sustainability-linked bond.」

    Following the SDG bond and positive impact finance, the company expanded its financing instruments to include sustainability-linked loans and sustainability-linked bonds.
  5. FY2022First statedAnnual report

    「Based on this approach, in October 2021 we issued the Group's first SDG bond (*1), followed by a commitment line agreement through “positive impact finance” in January 2022 (*2). We will continue to expand our sustainable finance initiatives.」

    The company introduced an SDG bond and a commitment line through positive impact finance, newly establishing a policy of pursuing the realization of 2030 outcomes and reductions in WACC and the cost of capital through its financing activities.
Moved together

"Improving shareholder returns and capital efficiency through share buybacks" moved the same way as this thread, in the same document, in 3 of its 5 moves.

332222★123456
  1. ★This thread
  2. 1Improving shareholder returns and capital efficiency through share buybacks3×
  3. 2Improving Capital Efficiency and Shareholder Value3×
  4. 3Development of Next-Generation Management Talent and Workforce Diversity2×
  5. 4Strengthening Corporate Governance to Support Proactive Management2×
  6. 5Reduction of Strategic Shareholdings and Verification Against the Cost of Capital2×
  7. 6Creating Growth Drivers through R&D Leadership2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Reducing the Cost of Capital through Sustainable Finance | Ajinomoto Co.,Inc. (2802) | Komori