Green Finance


Purpose and Background

Based on the Sumitomo’s Business Philosophy and the Sumitomo Corporation Group’s Management Principles, the Sumitomo Corporation Group has been working to contribute to the resolution of social issues through its businesses, with an essential management theme "the achievement of a sustainable society". In Medium-Term Management Plan "SHIFT 2023", announced in May 2021, Sumitomo Corporation set the "enhancement of sustainability management" as its growth strategy, aiming to achieve sustainable growth together with society, and set medium and long-term goals, such as making the Sumitomo Corporation Group carbon neutral in 2050, and is taking actions to achieve these goals. As part of these efforts, we have developed the Sustainable Finance Framework to promote awareness of Sumitomo Corporation Group’s initiative of "enhancement of sustainability management" among a wide range of Stakeholders, and to promote such efforts from the viewpoint of financing.

Sustainable Finance Framework

The Sumitomo Corporation’s Sustainable Finance Framework sets forth guidelines for four elements (1. Use of Proceeds, 2. Process for Project Evaluation and Selection, 3. Management of Proceeds, 4. Reporting) in accordance with Green Bond Principles 2021, Social Bond Principles 2023 and Sustainability Bond Guidelines 2021 by the International Capital Market Association (ICMA) and Green Loan Principles 2023 and Social Loan Principles 2023 by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications & Trading Association (LSTA).

Sustainable Finance Framework(PDF/503KB)

Second-Party Opinion

For the assessment of the alignment of the Sustainable Finance Framework with the above principles and guidelines, Sumitomo Corporation obtained a second-party opinion from Rating and Investment Information, Inc. (R&I).

Second-Party Opinion(PDF/1.8MB)

Reporting

Name 1st Green Bond (60th unsecured bonds) 2nd Green Bond (64th unsecured bonds)
Issue Date May 24, 2022 Sep 6, 2023
Redemption date May 24, 2032 Sep 6, 2033
Term to Maturity 10 years 10 years
Issue Amount 20 billion yen 10 billion yen
Reporting The allocation of funds / Impact reporting(PDF/172KB) The allocation of funds / Impact reporting(PDF/286KB)
The second-party opinion Review by Sustainalytics(PDF/221KB) Review by Sustainalytics(PDF/179KB)

* 1st and 2nd Green Bond were issued under the Green Finance Rramework published in February 2022.
The Sustainable Finance Framework published in February 2024 constitutes a revision of the Green Finance Framework.

Green Finance Framework(PDF/1.0MB)

Second-Party Opinion by Sustainalytics(PDF/506KB)

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