NSG Advances Sustainability Goals Through Innovative Loan Agreements”

by APAZONE
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NSG Group Advances Sustainability Goals Through Innovative Loan Agreements

Background: In line with NSG Group’s commitment to sustainability, the company has recently secured two significant loan agreements totaling JPY 23.9 billion. These agreements are directly tied to NSG Group’s ambitious sustainability targets, reflecting the company’s dedication to environmental and social responsibility.

Greenhouse Gas Emission Reduction: NSG Group’s greenhouse gas emission reduction targets have gained recognition as “science-based targets” by the SBT Initiative, marking a pioneering effort in Japan’s glass manufacturing industry. The company is actively pursuing environmental initiatives, including successful experiments with hydrogen energy and 100 percent biofuel.

Sustainability-Linked Loan Agreements: The objective of these sustainability-linked loans is to encourage environmentally and socially beneficial economic activities. The loan terms are directly linked to NSG Group’s performance against sustainability performance targets (SPTs) consistent with the company’s sustainability strategy. The agreements include the following key points:

  1. Syndicated Sustainability Linked Loan (Arranged by SMBC):
    • Amount: JPY 16.3 billion
    • Period: 3 years (1st Tranche) and 4 years (2nd Tranche)
    • SPT-1: Reduce CO2 emissions from Scope 1 and 2 by 24.0 percent from 2021 levels by 2030.
    • SPT-2: Achieve 85 percent of all electricity consumed in business activities from renewable energy sources by 2030.
    • Interest rate terms are linked to the degree of SPT achievement.
  2. Positive Impact Finance (Aozora Bank):
    • Amount: JPY 7.6 billion
    • Period: 4 years
    • KPIs:
      • Reduce CO2 emissions from Scope 1 and 2 by 24.0% from 2021 levels by 2030.
      • Achieve 85 percent of electricity consumed in business activities from renewable sources by 2030.
    • Positive Impact Finance comprehensively assesses corporate impact on the environment, society, and economy.

These initiatives highlight NSG Group’s proactive stance towards sustainability and set a significant precedent in the industry. Through these agreements, NSG Group demonstrates its dedication to a greener, more sustainable future.

Source: NSG Group  with additional information added by Apazone 

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