Finance Green Finance (Green Loans / Green Bond)
Overview
OJR has established a Green Finance Framework to promote sustainable financing in collaboration with financial institutions and other stakeholders, and raises funds through green financing under the framework.
◆ Use of proceeds
Funds acquired through green financing shall be allotted to funds for the acquisition of assets that meet the eligible criteria*1 (“Eligible Green Assets”), funds for renovation work that meets the eligible criteria*2, or funds for repayment of loans or redemption of investment corporation bonds required for such purposes.
◆ Project evaluation and selection process
The executive officers and a related department review and discuss the evaluation of Green Buildings with the Eligible Criteria. The funding selection and the status of fund allocation that meets the Eligible Criteria are reported to the Investment Committee, comprising the executive officers including President and CEO.
◆ Management of Proceeds
The total amount of funds procured through green bonds or green loans shall be managed not to exceed the eligible green debt.
◆Reporting
OJR discloses environmental data and details about our green buildings.
Assets meeting the eligible criteria (Eligible Green Assets) are assets that have acquired or are scheduled to acquire/recertify particular green building certifications.
Renovation work that meets the eligible criteria is renovation work that corresponds to either of the following:
・ Renovation work that aims to increase the rating or ranking by more than one in one of the certifications for Eligible Green Assets
・ Renovation work that can reduce energy consumption, CO₂ emissions, or water use by 30% or more
・ Installation or acquisition of equipment related to renewable energy