Sustainable Finance
View Sumitomo Corporation's Sustainability : Sustainable Finance
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.
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).
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).
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) |