Sustainable Finance
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Sustainable Finance
Sustainable finance incorporates financial services and products which contribute towards a more sustainable economic and social system.
GPSS issues sustainable finance products such as green bonds or sustainability-linked loans, and allocates these funds to a variety of projects with the aim of achieving a sustainable society.
Green Bond
Green bonds are bonds issued by companies and local governments to raise funds for green projects (projects that improve the environment, such as renewable energy, construction and renovation of energy-saving buildings, and prevention and control of environmental pollution).
The funds raised are always used for green projects, and the issuer is required to report periodically on the allocation of funds and the status of environmental improvement to ensure transparency in the use of funds.
Green bond investments are increasing around the world, including in Japan, as society shifts towards environmentally conscious behaviors and alignment with international targets to reduce negative impact on the environment and support the transition towards a climate resilient economy. GPSS discloses information on the status of green bond issuance, its purpose and process, etc. through this website and news releases as follows.
Green Bonds Issuance Status
| Subject | Issue Amount (JPY million) |
Issue Date | Redemption Date | Overall Evaluation |
Press Release | Annual Reporting (Allocation amount, Impact) |
JCR Annual Review |
|---|---|---|---|---|---|---|---|
| GPSS Holdings, Inc. 1st Unsecured Bonds |
300 | 2020/7/31 | 2023/7/31 | Green 1 | Released on 2020/7/31 |
Released on 2021/10/19 |
Released on 2021/10/18 |
| GPSS Holdings, Inc. 2nd Unsecured Bonds |
500 | 2021/1/29 | 2026/1/30 | Green 1 | Released on 2021/1/29 |
Released on 2022/9/8 |
Released on 2022/9/8 |
| GPSS Holdings, Inc. 3rd Unsecured Bonds |
100 | 2021/2/26 | 2026/2/28 | Green 1 | Released on 2021/2/26 |
Released on 2022/9/8 |
Released on 2022/9/8 |
| GPSS Holdings, Inc. 4th Unsecured Bonds |
100 | 2021/3/31 | 2026/3/31 | Green 1 | Released on 2021/3/31 |
Released on 2022/9/8 |
Released on 2022/9/8 |
Sustainability Linked loan (SLL)
Sustainability linked loans (SLL) are financing mechanisms to support and promote the improvement of sustainability-related performance of companies and organizations.
SLL are characterized by predefined Sustainability Performance Targets (SPT) based on the borrower’s sustainability performance and strategy. The interest rate will change according to the achievement of the SPT.
Loans are provided in accordance with the Sustainability Linked Loan Principles (SLLP), an international guideline created by the Loan Market Association.
GPSS has signed the first SLL to provide funding towards our goal of realising a sustainable society. We will utilise the proceeds for various projects which contribute to this goal.
SLL Overview
| Total Loan Amount | 2 billion yen |
|---|---|
| Lending Dates | 30th Sep, 29th Oct, 30th Nov 2021 |
| SPT Linked to Issuance Terms | 720,000+ tons of cumulative GHG emissions avoided by 2030 (12 times the amount in 2020) |
| Contract Period | 5 Years |
| Adviser | Sumitomo Mitsui Trust Bank, Limited | Press Release | Released on 2021/11/30 (only in Japanese) |
Verification by a Third-Party Institution
On September 30, 2021, Japan Credit Rating Agency, Ltd. (JCR) issued a third-party opinion on JA Mitsui Leasing, Ltd.’s SLL to GPSS Holdings, Inc.
For more details, click here (only in Japanese).
Reporting
The SLLP ensures transparency by having the borrower periodically publish the status of achievement of SPT after the loan is disbursed.
The status of our SPT will be published on this webpage from mid-2022.