Daito Trust Green Bond
Purpose and Background of the Issuance of Bonds
Green Bonds is bond for which the use of the funding has an environmental improvement effect (environmentally friendly, green).
The Daito Trust Group is engaged in environmental management aimed at the realization of a carbon-free society as its social responsibility based upon its corporate philosophy and our promise, and actively participates in and supports international initiatives for introducing global standards into environmental management.
In January 2019, the Company joined “RE100”(*1) and committed to contributing to the promotion of the spread of renewable energy by using renewable energy for 100% of electricity consumed in business activities by 2040 and expanding the use of solar power generation in rental housing. In addition, in April 2019, the Company announced its support for the proposals of the Task Force on Climate-Related Financial Disclosures (TCFD) established by the Financial Stability Bord (FSB). Furthermore, the Company joined “EP100” (*2) in August 2020 and has set a target of doubling energy efficiency (net sales/energy consumption) compared to FY2107 by 2030.
As a framework aimed at the achievement of the above targets, the Company established the “Daito Trust Green Bond Framework” and will obtain funding through the Bonds based on this framework. The funding will be allocated to new finance for the new installation of solar power generation facilities for selling surplus electricity. In future, the entire Group will promote environmental management to propose good housing environments in harmony with the local community and nature based on the approach that “the global environment is the housing environment” and also pass on the important management resource of the global environment to the next generation.
*1 An international initiative aimed at using renewable energy for procurement of 100% of ekectrucity used in ancompany's own business
*2 An international corporate initiative with participation by companies that have set the target of doubling the energy efficiency of business (improving energy saving efficiency by 50%, etc.)
Overview of the Bonds
Issuance amount | 11 billion yen |
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Term | 10 years |
Planned issuance date | December 2, 2021 |
Lead securities firms | Nomura Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. SMBC Nikko Securities Inc. |
Third-party assessment (external assessment) |
The Daito Trust Green Bond Framework has undergone third-party assessment by Rating and Investment Information, Inc. (R&I) stating that it complies with the Green Bond Principles 2021 (*3) stipulated by the International Capital Market Association and the Green Bond Guidelines 2020 (*4) stipulated by the Ministry of the Environment. (*5) |
Structuring agent (*6) | Nomura Securities Co., Ltd. |
Intended use of funds | Funding of capital investment for new installation of solar power generation facilities for selling surplus electricity. |
*3 Established in January 2014 to ensure transparency of green bonds, promote disclosure and reporting and encourage market order
*4 Guidelines established since March 2017 for the purpose of promoting Green Bonds in Japan by ensuring creditability in the environmental effects of Green Bonds and reducing the issuer's costs and clerical load
*5 R&I Green Bond Assessment/Second opinion
https://www.r-i.co.jp/en/news_release_gf/2021/11/news_release_gf_20211126_eng_02.pdf
*6 A party that provides funding support through advice, etc. on establishment of the green bond framework and acquisition of external third-party assessments such as a second-party opinion
About the Daito Trust Green Bond Framework
About the project
- Project coverd
New installation of solar power generation facilities for selling surplus electricity - Project overview
New installation of solar panels owned by the Company on the roofs of 10,000 rental housing buildings managed by the Company nationwide - Overview and expected effect
Part of the electricity generated will be used in common areas, branch offices, vacant untils and construction work, and the surplus will be used in applications such as being sold to power companies to reduce CO2 emissions through the utilization of
Third-party assessment of eligibility
Green bond assessment/Second opinion
- Details of Daito Trust Green Bond Assessment/Second opinion is here
Third-Party Annual Review
Investment Announcements for Daito Trust Green Bond
(As of November 26, 2021. Japanese alphabetic order)
Aichi Shinkin Bank | Tokio Marine Asset Managemant Co., Ltd |
Abukuma Shinkin Bank. | Tokyo City Shinkin bank |
ALPS CHUOH SHINKIN BANK | NAGANO SHINKIN BANK |
The Osaka Shinkin Bank | GAKKOHOJIN NAKAMURASANGYOGAKUEN |
OSAKA POLICE CREDIT UNION | Nishihyogo Shinkin Bank |
Kibi Shinkin Bank | Nissay Asset Management Corporation |
THE GIFU SHINKIN BANK | The Banshu Shinkin Bank |
KIRYU SHINKIN BANK | Hanno Shinkin Bank |
The Kuwanamie Shinkin Bank | The Prudential Life Insurance Company, Ltd. |
SaitamaDoctor Bank | BIZENHINASE SHINKINBANK |
THE SHINONOME SHINKIN BANK | Fukushima Shinkin Bank |
THE SETO SHINKIN BANK | The Fukusen Credit Cooperative |
DaitokyoShinkumi Credit Cooperative | Mashita Shinyokumiai |
TAIYO LIFE INSURANCE COMPANY | Matsuyama University |
Takanabe Shinkin Bank | The Mishima Shinkin Bank |
THE CHOSHI SHINKIN BANK | Sumitomo Mitsui Trust Asset Management Co., Ltd. |
The Tsuruga Shinkin Bank | JA-MIYAZAKI CHUOH Japan Agricultural Cooperraticves |
Reporting
Allocation Reporting
- Summary of eligible projects
- Total amount of eligible projects and percentage of allocation
- Allocated amount and pending amount by category
- Pending amount and expected allocation schedule, if any
- Amount allocated to new projects vs refinance
Impact Reporting
- Amount of renewable energy generated (MW/GWh)
- Renewable energy generation capacity added (MW)
- Amount of greenhouse gas emission reduced per year (tCO2e/year)
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