Environmental Target-Linked Financing through a Sustainability-Linked Loan
First written in FY2023-Q2. 1 of 3 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2024.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「At the Sustainability Committee for fiscal 2023 and the Management Strategy Meeting, which is generally held every week, we continued discussions on investment in human capital and talent development, reducing Scope 1 and 2 emissions, promoting reductions in plastic use, monitoring progress against the sustainability-linked loan KPIs, and supporting children through food.」
Reconfirmed the continued operation of the committee and Management Strategy Meeting, including monitoring progress against the sustainability-linked loan KPIs. - FY2023-Q3AdvancedAnnual report
「We plan to donate part of the amount equivalent to the interest-rate benefit (reduction) generated by achieving the SPTs to Save the Children, an international private, nonprofit organization that works around the world to address issues affecting children, including child poverty.」
Added a policy of allocating the amount equivalent to the interest-rate benefit generated by achieving the environmental targets under the sustainability-linked loan to donations to Save the Children. - FY2023-Q2First statedAnnual report
「As part of these initiatives, in July 2022 we entered into a syndicated “Sustainability-Linked Loan” agreement, with Sumitomo Mitsui Trust Bank, Limited serving as arranger and agent, and raised a total of ¥10 billion. The KPIs (Key Performance Indicators) and SPTs (Sustainability Performance Targets) under this agreement are to reduce the amount of plastic used at our stores in fiscal 2025 by 15% from fiscal 2021 levels. We obtained a second-party opinion on the reasonableness of these targets from Rating and Investment Information, Inc. (Representative Director and President: Yamazaki Hiroshi (山﨑宏)).」
Entered into a ¥10 billion sustainability-linked loan and linked the financing to KPIs and SPTs requiring a 15% reduction in the amount of plastic used at stores in fiscal 2025 from fiscal 2021 levels.