"Mizuho Eco Finance" Agreement Concluded with Mizuho Bank, Ltd.
Nissui Corporation (Representative Board Member, President & CEO: Shingo Hamada; Head Office: Minato-ku, Tokyo; hereinafter, "Nissui") announced today that is has concluded a "Mizuho Environmentally Conscious Finance (Mizuho Eco Finance)" syndicated loan agreement with Mizuho Bank, Ltd. (President & CEO: Masahiko Kato ; Head Office: Chiyoda-ku, Tokyo) and that the loan was made today.
The Mizuho Eco Finance is an environmental evaluation and financing product designed to facilitate efforts by the bank's clients to transition to a decarbonized society, incorporating globally recognized and trusted environmental certifications and assessments. Utilizing an environmental assessment model developed by Mizuho Research & Technologies, Ltd. to evaluate client initiatives and benchmarks, financing is provided to companies that meet or exceed a certain minimum score.
In concluding this loan agreement, Nissui received high scores in the indicators used in the evaluation model, obtaining the highest rating of AA in recognition of efforts such as (1) Endorsing the Task Force on Climate-related Financial Disclosures (TCFD) in November 2021; (2) Adopting the target of "reducing CO2 emissions (Scope 1 and 2) by 30% from the FY2018 level by FY2030" in the Integrated Report published in October 2022; and (3) Setting a long-term vision of "achieving carbon neutrality by 2050."
The Nissui Group considers the need to address climate change to be one of the most important social issues the world faces and is working to reduce CO2 emissions through various initiatives such as the introduction of energy-saving and high-efficiency equipment, greater use of renewable energy, and pursuing a modal shift in logistics.
To realize our long-term vision of becoming "a leading company that delivers friendly foods for people and the earth," Nissui is committed to resolving social issues through all our business activities.