Green Finance
Sumitomo Warehouse and Group companies are engaged in a variety of initiatives aimed at reducing environmental impact and preserving the environment based on the awareness that conservation of the global environment is one of the most important tasks for business.
For example, in the process of promoting the growth strategy with a long-term perspective, we have replaced deteriorated warehouses with warehouses with advanced features, and updated facilities, etc. Funds necessary for introduction of more-environmental-conscious facilities and equipment is procured through green bonds and green loans.
By green finance, the Company will promote the diversification of financing methods, in addition to reducing CO2 through the promotion of energy saving and the use of renewable energy, contributing to maintaining and improving the global environment including climate change.
The Sumitomo Warehouse Co., Ltd. 7th Unsecured Bond
Outline of Green Bond
| Name of bond | The Sumitomo Warehouse Co., Ltd. 7th Unsecured Bond (With parity clause limited to other bonds)(Green Bond) |
|---|---|
| Payment date | September 24, 2019 |
| Redemption date | September 24, 2024 (5-year bonds) |
| Issue amount | 5 billion yen |
| Coupon rate | 0.080% (annual) |
| Use of funds |
Will be appropriated to the following capital investment relating to environmental conservation (including refinancing) |
| Rating | AA- (Japan Credit Rating Agency, Ltd.) |
Third-party Evaluation of Eligibility
With regard to third-party evaluation of green bond eligibility, Japan Credit Rating Agency, Ltd. (JCR) has awarded this bond a rating of “Green 1”, the highest evaluation possible under the JCR Green Bond Evaluation framework.
Japan Credit Rating Agency, Ltd.
Investment Statement on These Green Bonds
We will introduce these green bonds to the following investors who have declared their intent to invest in these green bonds.
List of investors that have announced participation (Japanese alphabetic order)
- Asset Management One Co., Ltd.
- Western Asset Management Company Ltd
- THE SHIGA BANK，LTD．
- SUMITOMO LIFE INSURANCE COMPANY
- Daitokyo Shinkumi Credit Cooperative
- Tokio Marine Asset Management Co., Ltd.
- THE BANK OF NAGOYA, LTD.
- Nippon Life Insurance Company
- Hanno Shinkin Bank
- THE HIGASHI NIPPON BANK, Ltd.
- BlackRock Japan Co., Ltd.
- Manulife General Account Investments (Singapore) Pte. Ltd.
- Mitsubishi UFJ Trust and Banking Corporation
Reporting
The Sumitomo Warehouse Co., Ltd. 9th and 10th Unsecured Bond
Outline of Green Bond
| Name of bond | The Sumitomo Warehouse Co., Ltd. 9th Unsecured Bond (With parity clause limited to other bonds)(Green Bond) |
|---|---|
| Payment date | October 15, 2020 |
| Redemption date | October 15, 2025 (5-year bonds) |
| Issue amount | 5 billion yen |
| Coupon rate | 0.120% (annual) |
| Use of funds | Construction of Green buildings |
| Rating | AA- (Japan Credit Rating Agency, Ltd.) |
| Name of bond | The Sumitomo Warehouse Co., Ltd. 10th Unsecured Bond (With parity clause limited to other bonds)(Green Bond) |
|---|---|
| Payment date | October 15, 2020 |
| Redemption date | October 15, 2030 (10-year bonds) |
| Issue amount | 5 billion yen |
| Coupon rate | 0.270% (annual) |
| Use of funds | Construction of Green buildings |
| Rating | AA- (Japan Credit Rating Agency, Ltd.) |
Third-party Evaluation of Eligibility
With regard to third-party evaluation of green bond eligibility, Japan Credit Rating Agency, Ltd. (JCR) has awarded this bond a rating of “Green 1”, the highest evaluation possible under the JCR Green Bond Evaluation framework.
Japan Credit Rating Agency, Ltd.
Investment Statement on These Green Bonds
We will introduce these green bonds to the following investors who have declared their intent to invest in these green bonds.
List of investors that have announced participation (Japanese alphabetic order)
- Asset Management One CO., Ltd.
- NST Niigata SogoTelevision,Co.,Ltd.
- The SAGAMI Shinkin Bank
- The 77 Bank, Ltd.
- Shiba Shinkin Bank
- SUMITOMO LIFE INSURANCE COMPANY
- SUWA SHINKIN BANK
- The Toa Reinsurance Company, Limited
- Tokio Marine Asset Management Co.,Ltd
- Tokio Marine & Nichido Fire Insurance Co.,Ltd.
- Tokyo City Shinkin Bank
- The Doshisha
- Nagano Shinkin Bank
- GAKKOHOJIN NAKAMURASANGYOGAKUEN
- THE BANK OF NAGOYA.Ltd.
- HAMAMATSU IWATA SHINKIN BANK
- Hanno-Shinkin Bank
- THE HIGASHI-NIPPON BANK,LIMITED
- Himeji Shinkin Bank
- JA Fukuoka Shinren
- BlackRock Japan Co., Ltd.
- The Hekikai Shinkin Bank
- Mie Prefecture credit federation of agricultural cooperatives
- Sumitomo Mitsui Trust Asset Management Co., Ltd.
- Mitsubishi UFJ Trust and Banking Corporation
- Miyazaki Daiichi Shinkin Bank
- Meiji Yasuda Life Insurance Company
- The Yamanashi Chuo Bank , Ltd
- Yokohama Agricultural Cooperative
Reporting
Green Loan
Outline of Green Loan
| Loan term | From March 29, 2024 to March 31,2031 |
| Arranger and agent | Sumitomo Mitsui Trust Bank, Limited |
| Loan amount | 10 billion yen |
| Use of funds | Acquisition of a green building |
| Property | Hommachi Garden City Terrace （3-5-13 Azuchimachi Chuo-ku, Osaka Japan） |
Third-party Evaluation of Eligibility
With regard to third-party evaluation of green loan eligibility, Japan Credit Rating Agency, Ltd. (JCR) has awarded this loan a rating of “Green 1”, the highest evaluation possible under the JCR Green Loan Evaluation framework.