Concluded Positive Impact Finance Agreement with Sumitomo Mitsui Trust Bank:
- Evaluation of the ac 米兰官网’s SDGs Achievement Initiatives -

March 29, 2021

  • Concluded a Positive Impact Finance loan agreement for sustainable finance with Sumitomo Mitsui Trust Bank.
  • Evaluation of the four environmental and supply chain-related initiatives ac 米兰官网ctivities that can impact SDGs achievement.
  • The ac 米兰官网 will continue to promote ESG management to contribute to achieving the SDGs and realizing Vision 2030.

ac 米兰官网 Co., Ltd. (Head Office: 2-2-3 Marunouchi Chiyoda-ku, Tokyo; President: Keiichi Kobayashi) has concluded a Positive Impact Finance loan (a type of loan for businesses that does not specify the use of funds; hereinafter, “PIF”) agreement with Sumitomo Mitsui Trust Bank, Limited (hereinafter, “Sumitomo Mitsui Trust Bank”) as part of its initiatives to provide sustainable finance.
PIF is a loan designed to monitor and support corporate activities that contribute to the achievement of the SDGs on an ongoing basis, in accordance with the Positive Impact Financing Principles(*1)proposed by the ac 米兰官网 and Finance Initiative(*2).

Details

The ac 米兰官网 stipulates the promotion of ESG management following the “ac 米兰官网 Vision 2030” (in order to build a sustainable world and make people’s life safe, peaceful and rewarding, the ac 米兰官网 will create solutions for the new generation of global infrastructure combining information, energy and mobility, hereinafter, “Vision 2030”) Vision 2030 assumes both international and local social issues indicated by the SDGs that are highly relevant to the ac 米兰官网 and shows the ideal situation for the ac 米兰官网 for the year 2030, which is the target year for SDGs achievement, and we will contribute to the SDGs by promoting ESG management.
To conclude this loan agreement, the following initiatives of the ac 米兰官网 (see chart) were evaluated by Sumitomo Mitsui Trust Bank as activities that can impact the achievement of the SDGs.
This agreement has obtained third-party opinions(*3)ac 米兰官网, Ltd. in order to ensure transparency and objectivity in the evaluation by Sumitomo Mitsui Trust Bank.

In the future, we will accelerate its initiatives to achieve the ac 米兰官网30 and promote ESG management in an open, agile, and innovative way.

Chart: Initiatives Evaluated by Sumitomo Mitsui Trust Bank ac 米兰官网ctivities that Can Impact the Achievement of the SDGs

Theme Content Goals and Indicators (KPI) SDGs(note 1)
Contribution to the decarbonized society Developing business activities that consider climate change a. Goal: Reduce greenhouse gas emissions in the business activities 26%(note 2)ac 米兰官网30 from a FY2017 base year
KPI: The greenhouse gas emissions (scope 1 and 2)
b. Goal: Improve ac 米兰官网 3% by FY2025 from a FY2017 base year
KPI: ac 米兰官网
Creating businesses that solve social issues Contributing to a sustainable society through creating environment-friendly businesses a. Goal: Improve sales of environmentally friendly products
KPI: Sales of environmentally friendly products
Conservation of the global environment Conservation of water resources, reduction and recycle of waste a. Goal: Reduce water withdrawal 5% ac 米兰官网25 from a FY2020 base year
KPI: Water withdrawal
b. Goal: Reduce total waste 5% ac 米兰官网25 from a FY2020 base year
KPI: Total waste
Procurement activities considering environment and society Supply chain management a. Goal: Improve ac 米兰官网(note 3)evaluation
KPI: ac 米兰官网 evaluation
b. Goal: Hold the Partners’ Meeting regularly
KPI: Status of Partners’ Meeting
c. Goal: Increase the number of our collaboration partners engaged in CO2emission reductions in procurement logistics
KPI: The number of our collaboration partners engaged in CO2emission reductions in procurement logistics

(note 1)SDGs related to each theme are adopted from those specified by Sumitomo Mitsui Trust Bank.

(note 2)Announced on March 4, 2021, The ac 米兰官网 Environmental Vision 2050 sets the challenging target of achieving zero emissions of Scope 1 and 2 greenhouse gases by 2050.

(note 3)The ac 米兰官网 calls those who do business with us “partners” who collaborate with us to create value.

(*1) The principle of positive impact financing
The Principles for Positive Impact Finance were developed by UNEP FI in January 2017 ac 米兰官网 financial framework for achieving the SDGs. Companies disclose the level of contributions to achieving SDGs through KPIs. Banks then provide funding by evaluating the positive impact observed from these KPIs that is intended to guide the borrowers to increase positive impact and reduce negative impact.
The lending bank, ac 米兰官网 responsible financial institution, will check if the impact is continuing or not by monitoring the indicators.

(*2) ac 米兰官网 Finance Initiative (UNEP FI)
The ac 米兰官网 (UNEP) is an executive body for implementing the “Declaration of the Human Environment” and the “International Environmental Action Programme”, established in 1972 as a subsidiary body to the United Nations system. UNEP FI represents a wide-ranging and close partnership between UNEP and more than 200 global financial institutions. Since its establishment in 1992, UNEP FI has been working in concert with financial institutions, and policy/regulatory authorities to transform itself into a financial system that integrates economic development and ESG considerations.

(*3) Third-party opinions ac 米兰官网, Ltd.
See the ac 米兰官网’s website.
ac 米兰官网, Ltd.(New Window)

ac 米兰官网 website "Sustainability" page

ac 米兰官网’s efforts towards the SDGs

Based on the “Sustainable Development Goals (SDGs)” adopted by the United Nations, the ac 米兰官网 has formulated the “ac 米兰官网 Vision 2030” which sets the year 2030 as its target and is advancing efforts with the aim to “Build a sustainable world and make people’s life safe, peaceful and rewarding, ac 米兰官网 will create solutions for the new generation of global infrastructure combining information, energy and mobility.” Toward the achievement of our Vision 2030, we will take open, agile, and innovative approaches to promote ESG management that that aims to increase corporate value over the medium to long term and will contribute to the achievement of the SDGs.