Notice regarding Green Bonds Issuance
August 30, 2024
Otsuka Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo, Japan; President, Representative Director, and CEO: Tatsuo Higuchi) has today filed an amended shelf registration statement with the Kanto Local Finance Bureau in relation to the upcoming issuance of Green Bonds scheduled for September 2024 (date subject to confirmation). The issuance of Green Bonds—bonds used for investment in environmental solutions—represents a first for the Otsuka group.
1. Background and objectives
The Otsuka group is promoting sustainability management that simultaneously creates new markets and social value arising from social issue. This year, in conjunction with the 4th Medium-Term Management Plan, we have identified four new forms of materiality: contributing to the health and well-being of people around the world; developing human capital at good work environments; creating more sustainable future with our business partners; and reducing our environmental impact.
With respect to the materiality of reducing our environmental impact, our 2050 Environmental Vision, Net Zero, sets out medium-term numerical targets for fully eliminating the environmental impact of our operations, which we are currently working to achieve. Funds raised through the Green Bonds will be used to reduce our environmental impact by boosting renewable energy utilization and embracing new technologies and solutions. In this way, we will contribute to the realization of a decarbonized and ultimately, sustainable society.
2. Summary of Green Bonds
3. Green Bond Framework and Second Opinion
The Green Bond Framework prepared by Otsuka Holdings in relation to the Green Bond issuance faithfully reflects the four Green Bond Principles set out by the International Capital Market Association (ICMA):
1. Use of proceeds
2. Process for project evaluation and selection
3. Management of proceeds
4. Reporting
The second opinion provided by Rating and Investment Information, Inc. (R&I) confirms that the Otsuka Holdings Green Bond Framework is suitably aligned with the ICMA Green Bond Principles 2021 Edition.
Green Bond Framework（Japanese only）
Second opinion from R&I（Japanese only）
■References
Sustainability at the Otsuka group
This announcement is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product.