To achieve the realization of a sustainable society that protects the global environment, as outlined in The Long-Term Vision SHIMZ VISION 2030, our Group has established the following as action plans: Use of sustainable energy; promotion of energy-saving, energy creation and ZEB (zero energy) facilities; CO2 emissions reduction in all business activities; conservation of the natural environment and biodiversity.
As part of this initiative, we are moving forward with the development of the Nagoya Shimizu Fukoku Seimei Building, a green building located in Naka-ku, Nagoya City, Aichi Prefecture (hereinafter, the “Project”). To finance the construction of the Project, we have decided to issue a green bond.
With the development concept being a super eco-friendly office tailored to diverse working styles, this project creates a workplace suited to the working styles of the new normal and aims to promote energy efficiency, conservation, and creation. In terms of environmental performance, the building is expected to achieve energy savings of over 50% compared to the standard primary energy consumption level and obtain “ZEB Ready” certification, the first of its kind for a large-scale multi-tenant office building in the three Tokai prefectures. In addition, the project incorporates BCP response measures such as emergency power generation equipment and emergency supply storage, ensures a high level of safety through the adoption of a seismic base isolation structure, and places emphasis on infection control through the introduction of a new air-conditioning system.
Through the issuance and use of this green bond, we aim to demonstrate our ESG-driven business approach and initiatives to a wide range of stakeholders. Going forward, we remain committed to contributing to the realization of a sustainable future society where people can experience richness and well-being.
For details on the Framework underlying this issuance, please refer to the information below.
Shimizu Corporation Green Bond Framework (PDF:1,192 KB)
Overview of Green Bond
| Name | Shimizu Corporation 33rd Unsecured Straight Bond (with pari passu clause among bonds) (Green Bond) |
|---|---|
| Pricing date | November 21, 2023 |
| Issue date | November 28, 2023 |
| Total issue amount | ¥10,000 million |
| Term of issuance | 5 years |
| Interest rate | 0.603％ |
| Use of funds | The full amount was allocated in part to repay borrowings used to finance the construction of the Nagoya Shimizu Fukoku Seimei Building. |
| Lead manager | Mizuho Securities Co., Ltd. |
| Credit rating obtained | Ａ+ Rating and Investment Information, Inc. (R&I) |
Third-party evaluation of eligibility
In connection with the issuance of this green bond, we obtained a second-party opinion from Rating and Investment Information, Inc. (R&I) stating that the Framework we developed complies with the Green Bond Principles 2021 (GBP) established by the International Capital Market Association (ICMA) and the Green Bond Guidelines 2022 Edition issued by the Ministry of the Environment, Japan.
R&I Second-Party Opinion: An opinion issued by R&I evaluating that the green bond framework established by a company or other entity complies with relevant guidelines, such as the Green Bond Guidelines.
R&I Second-Party Opinion (PDF: 1,751 KB)
Investment Statements Regarding This Sustainability Bond
We are pleased to introduce the investors who have made investment statements regarding this sustainability bond
(as of the pricing date).
＜List of Investors Making Investment Statements＞（in alphabetical order）
- Chugoku Rokin
- JA Bank Shiga Shinren
- Japan Earthquake Reinsurance Co., Ltd.
- Koito Manufacturing Co., Ltd.
- Kure Shinkin Bank
- North Pacific Bank, Ltd.
- The Hiroshima Shogin Shinyoukumiai
- The Johnan Shinkin Bank
- The Kanagawa Bank, Ltd.
- The Osaka City Shinkin Bank
- The Shiga Bank, Ltd.
Reporting
Status of use of proceeds
The full ¥10,000 million raised was allocated to refinance construction funding for the Nagoya Shimizu Fukoku Seimei Building.
Environmental improvement effects
| ＜Green＞Green Building |
|---|
| ・Building overview and level of green building certification obtained →ZEB Ready BELS 5 stars (highest rank) CASBEE for New Construction Rank S |
| ・Electricity consumption reduction →3,042,948.0kWh |
| ・Primary energy consumption reduction →29,463.3Gj |
| ・CO2 emissions reduction →102,808.3kg-CO2/year·m2 |
*Information is current as of October 2025.
Calculations are based on actual figures from November 2024 to October 2025.
