Sustainability Bond

Sustainability Bond with Shimizu

The Shimizu group engages in a broad range of business activities aimed at realizing the goals stated in SHIMZ VISION 2030 of realizing a resilient society where everyone can feel safe and secure, an inclusive society where all people can live together in comfort and health, and a sustainable society where future generations can inherit a well-cared for environment. In the spring of 2022, we are planning to open MiCHi no Terrace, selected as a smart city leading model project by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), as one means of achieving our vision, and decided to issue sustainability bonds to provide the funds for construction of this project.
In MiCHi no Terrace, we are striving to create a comfortable, vital town that offers a high quality of life by equipping an environmentally friendly building with DX-Core, a building operating system that functions as a data platform. We intend to use the results achieved with this in urban renewal and regional revitalization projects nationwide.
The issuance and use of these sustainability bonds shows our wide range of stakeholders our business stance and initiatives based on ESG management. This will also contribute to the realization of a future society where people can experience a sense of abundance and joy.

Overview of Sustainability Bond

Name SHIMIZU CORPORATION Unsecured Straight Bonds No. 31
(SHIMIZU CORPORATION Sustainability Bond) (with an inter-bond pari passu clause)
Terms set date December 10, 2021
Issue date December 16, 2021
Issue amount 10 billion yen
Term to maturity 5 years
Interest rate 0.100%
Proceeds used for The total proceeds were used to provide construction funds for MEBKS TOYOSU and the transportation plaza deck (Toyosu MiCHi no Eki), built in Toyosu, Koto-ku, Tokyo, and to cover refinancing of the data platform and service application configuration costs.
Lead manager Mizuho Securities Co., Ltd.
Rating A+, Rating and Investment Information, Inc.(R&I)

Third-party Evaluation of Appropriateness

In issuing the sustainability bonds, Shimizu obtained a second opinion from Rating and Investment Information, Inc. (hereafter, R&I) on compliance with Social Bond Principles 2021 (SBP 2021), Sustainability Bond Guidelines 2021, and Green Bond Principles 2021 (GBP 2021) published by the International Capital Market Association (ICMA); Green Bond Guidelines 2020 from the Ministry of the Environment; and the Social Bond Guidelines 2021 from the Financial Services Agency.

Second opinion by R&I: An opinion from R&I evaluating compliance of the Sustainability Bond Framework specified by companies and other institutions with the Sustainability Bond Guidelines, and other criteria.
If there is supposed to be a link here, it can be preceded with “For further details, see R&I ESG-Related Services.

Investment Statement on These Sustainability Bonds

We will introduce these green bonds to the following investors who have declared their intent to invest in these sustainability bonds.

List of investors who have announced investment (Japanese alphabetic order)

  • OTEC CORPORATION
  • Shinkin Central Bank
  • SUMITOMO LIFE INSURANCE COMPANY
  • DaitokyoShinkumi Credit Cooperative
  • The Chikuho Bank, Ltd.
  • The Toa Reinsurance Company, Limited
  • Nissay Asset Management Corporation
  • Japan Earthquake Reinsurance Co., Ltd.
  • THE HACHIJUNI BANK,LTD.
  • THE HIGASHI-NIPPON BANK, LIMITED
  • The Miyazaki Taiyo Bank, Ltd.

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