Green Bond Framework

Development of the Green Bond Framework

The Concordia Financial Group ("Concordia" FG) is a regional financial group that operates mainly in Kanagawa Prefecture and Tokyo, and includes The Bank of Yokohama and Higashi-Nippon Bank. In our banking work we provide securities services, leasing services, information services and research services, and venture capital services.

As a regional financial institution, the Concordia FG aims to become a bridge between all stakeholders and to engage in corporate activities aimed at solving social issues, thereby achieving sustainable growth and development together with local communities. To this end, the Concordia FG is working to build a sustainable society through corporate activities such as revitalization of local economies, urban development, support for enriching people's lives, and environmentally friendly initiatives. The Concordia FG Group Environmental Policy stipulates that we will support our customers in addressing environmental issues through the development and provision of products and services, and promote resource and energy conservation and waste recycling to reduce our environmental impact. Among the Sustainability Long-term KPIs established by Concordia FG based on this policy are providing 1 trillion yen of Green finance (between FY 2019 and FY 2030), and achieving carbon neutrality (Scope 1 and 2) by FY 2030 to reduce our environmental impact. We will further promote these initiatives by utilizing the funds raised through the issuance of Green Bonds.

Overview of the Green Bond Framework

Eligible categories for which funds may be used SDGs Targets
Green Building

Construction or purchase of a new building or repair of an existing building with the following rating

  • LEED: GOLD or higher
  • BREEAM: Excellent or higher
  • CASBEE: A Level or higher
9 INDUSTRY, INNOVATION AND INFRASTRUCTURE
Renewable Energy

New and existing projects for renewable energy as listed below

  • Solar power generation
  • Wind power generation
  • Geothermal power generation
  • Biomass power generation (limited to sustainable feedstock or waste)
  • Small-scale hydropower (generating capacity of 25 MW or less)
7 AFFORDABLE AND CLEAN ENERGY
Energy-efficiency
Projects related to energy-saving equipment including, but not limited to, LED lighting and high-efficiency HVAC (heating, ventilation, and air conditioning), building thermal insulation, and energy usage control systems
7 AFFORDABLE AND CLEAN ENERGY
Clean Transportation
Projects related to the transition to clean energy vehicles (including electric and fuel cell vehicles and their supporting infrastructure), and the development, operation, and renewal of public transportation (including rail transit, cycling, and other non-motorized transportation improvements)
11 SUSTAINABLE CITIES AND COMMUNITIES

Green Bond Framework

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    The information contained in this website has been prepared for informational purposes only, and is not a solicitation for investment.