Our Group is engaged in a wide range of business activities to realize the goals outlined in SHIMZ VISION 2030 (the Long-Term Vision)—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. As part of this initiative, we plan to launch the Shiomi Innovation Center (tentative name) in FY2023 in Shiomi, Koto-ku, Tokyo, with the aim of driving innovation in business structure, technology, and talent. To finance the construction of this project, we have decided to issue a sustainability bond.
The facility complex, which will serve as a hub for open innovation and human resource development, will consist of a main building for information dissemination, a research facility aimed at production innovation in areas such as construction robotics, structures, and materials, a hands-on training facility for monozukuri (craftsmanship), a historical archives and museum display, and the Former Shibusawa Residence. The Former Shibusawa Residence was originally designed and constructed by Kisuke Shimizu II, the second head of our founding family. After being relocated to Rokunohe Town in Aomori Prefecture, it was transferred back to us and reconstructed on this site for preservation.
Through the issuance and use of this sustainability 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 Sustainability Bond Framework (PDF:1,550 KB)
Overview of Sustainability Bond
| Name | Shimizu Corporation 32nd Unsecured Straight Bond (with pari passu clause among bonds) (Sustainability Bond) |
|---|---|
| Pricing date | February 16, 2023 |
| Issue date | February 24, 2023 |
| Total issue amount | ¥20,000 million |
| Term of issuance | 5 years |
| Interest rate | 0.550% |
| Use of funds | The full amount was allocated in part to repay borrowings used to finance the construction of the Shiomi Innovation Center (tentative name), a Company-owned facility. |
| Lead manager | Nomura Securities Co., Ltd. |
| Credit rating obtained | A+ by Rating and Investment Information, Inc.（R&I） |
Third-party evaluation of eligibility
In connection with the issuance of this sustainability bond, we obtained a second-party opinion from Rating and Investment Information, Inc. (R&I) confirming that it aligns with the Social Bond Principles 2021 (SBP 2021), the Sustainability Bond Guidelines 2021, and the Green Bond Principles 2021 (GBP 2021) issued by the International Capital Market Association (ICMA), as well as the Green Bond Guidelines 2022 Edition issued by the Ministry of the Environment, Japan, and the Social Bond Guidelines 2021 Edition issued by the Financial Services Agency.
R&I Second-Party Opinion：An opinion issued by R&I evaluating that the sustainability bond framework established by a company or other entity complies with relevant guidelines, such as the Sustainability Bond Guidelines.
R&I Second-Party Opinion (PDF: 3,633 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)
- Asset Management One Co., Ltd.
- Chikuho Bank, Ltd.
- Higashi-Nippon Bank, Ltd.
- JA Bank Ishikawa
- JA Bank Shiga Shinren
- JA Naritashi
- Japan Earthquake Reinsurance Co., Ltd.
- Kanonji Shinkin Bank
- Kobe Shinkin Bank
- Lifenet Insurance Company
- Meiji Yasuda Asset Management Company Ltd.
- Mitsui Direct General Insurance Co., Ltd.
- Mitsui Sumitomo Insurance Co., Ltd.
- Mitsubishi UFJ Trust and Banking Corporation
- Nakanogou Credit Cooperative
- Nissay Asset Management Corporation
- North Pacific Bank, Ltd.
- Secom General Insurance Co., Ltd.
- Seto Shinkin Bank
- Suwa Shinkin Bank
- Sumitomo Life Insurance Company
- Sumitomo Mitsui Trust Asset Management Co., Ltd.
- The First Bank of Toyama,Ltd.
- The Hachijuni Bank, Ltd.
- The Hekikai Shinkin Bank, Ltd.
- The Ibaraki-ken Credit Cooperative
- The Kanagawa Bank, Ltd.
- The Momiji Bank, Ltd.
- The Oita Bank, Ltd.
- The Saikyo Bank, Ltd.
- The Shiga Bank, Ltd.
- The Toho Bank, Ltd.
- The Yamaguchi Bank, Ltd.
- Tokyo Expressway KK
- Tokyotoshokuin Credit Cooperative
- Yamanashikenmin Shinyoukumiai
Reporting
Status of use of proceeds
The full 11,000 million yen raised was allocated to refinance construction funding for Smart Innovation Ecosystem NOVARE (Shiomi Innovation Center [tentative name]), a Company-owned facility.
Refer to the following for an overview of Smart Innovation Ecosystem NOVARE:
https://www.shimz.co.jp/novare/
Environmental improvement and social effects
| ＜Green＞ Green Building | |
|---|---|
| Output Outcome Impact |
・Building overview and level of green building certification obtained →BELS 5 stars (highest rank) “ZEB” (Hub / NOVARE Hub), Nearly ZEB (Lab / NOVARE Lab, Academy / NOVARE Academy Monozukuri Shiseijuku, Archives / Shimizu Corporation NOVARE Archives) |
| ・Electricity consumption reduction →*2,012,700 kWh/year |
|
| ・Gas consumption reduction →*Included in primary energy consumption reduction |
|
| ・Primary energy consumption reduction →*10,900GJ/year |
|
| ・CO2 emissions reduction →*800 t-CO2/year |
|
*・Figures are calculated based on data published by the Energy Conservation Center, Japan,
and actual results from April 2024 to March 2025.
・The following coefficients were used in calculating each reduction amount.
Primary energy conversion factors: Electricity：9.76 MJ/year,Gas: 45 MJ/Nm3、
CO2 emission factors: Electricity：0.000422 t-CO2/kWh、Gas：2.05 t-CO2/1,000m3
・The reduction effects include the use of green power certificates and externally sourced green hydrogen.
・As some of the implemented technologies are still being adjusted, further reduction effects are expected in the future.
| ＜Social＞ Affordable basic infrastructure (disaster prevention and mitigation measures) | |
|---|---|
| Output | ・Overview of facilities and investments related to disaster prevention and mitigation →Seismic performance equivalent to that of an evacuation shelter has been achieved for the entire facility through standard seismic design methods. Emergency supply storage areas have been installed throughout the Hub. As part of our community contribution efforts, the facility will be made available as a temporary evacuation site in Koto-ku during tsunamis or storm surges. An AI-equipped automatic fire suppression system has been installed in the Former Shibusawa Residence, a cultural property designated by Koto-ku. |
| Outcome | ・Seismic performance →Seismic Grade II (1.25 times the required lateral load-bearing capacity) ・Main stockpiles of emergency supplies →Food: 1,500 meals, including 3-day emergency supply kits Drinking water: 6,000 plastic bottles (500 ml each) Blankets: 500 aluminum thermal blankets for emergency stockpile Masks: 24,000 non-woven fabric masks Toilets: 400 emergency toilet kits for stockpiling ・Temporary evacuation capacity during tsunamis or storm surges (3rd floor hall of the Hub) →Maximum capacity of 240 people |
| Impact | ・Realization of a disaster-resilient society →The facility is equipped with evacuation shelter-level functions in the event of a disaster, including seismic performance and stockpiled emergency supplies. |
| ＜Social＞ Socioeconomic advancement and empowerment (promotion of barrier-free accessibility) | |
|---|---|
| Output | ・Overview of barrier-free facilities →All five buildings are fully equipped with accessible restrooms and elevators for persons with disabilities, accommodating wheelchair users and individuals with visual impairments. All five buildings are fully equipped with all-gender restrooms. Separate prayer rooms for men and women are installed in the Hub. All signage within the facility is provided in both Japanese and English. |
| Outcome | ・Usage status by applicable users →The facilities are being used by persons with disabilities, foreign nationals, and other applicable users. |
| Impact | ・Provision of facilities and equipment accessible to all →A variety of barrier-free features have been implemented to accommodate persons with disabilities, foreign nationals, and individuals of diverse gender identities. |
Information is current as of June 2025.
