now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect
Seibu Railway secures 11 billion yen sustainability-linked loan
Financing aims to resolve environmental and social issues, facilitate sustainable corporate growth
Michael Marray 28 Feb 2024

Seibu Railway has secured a sustainability-linked loan amounting to 11 billion yen (US$73.1 million) from the Development Bank of Japan to enhance its sustainability management.

The loan is based on the Sustainability-Linked Loan Principles and the Green Loan and Sustainability-Linked Loan Guidelines. The financing agreement sets key performance indicators (KPIs) and sustainability performance targets (SPTs) for Seibu Railway. It  promotes and supports the realization of a sustainable society, through the resolution of environmental and social issues, while also facilitating sustainable corporate growth, according to the company.

Seibu Group aims to achieve net-zero carbon emission by fiscal year 2050.

Proceeds from the loan will be used towards investments in railway infrastructure, including the introduction of environmentally-friendly new vehicles and energy-saving equipment.

Throughout the loan period, Development Bank of Japan will engage in regular dialogues with the borrower to support the achievement of the SPTs.

Conversation
Victor Cheung
Victor Cheung
director, ETF investment strategist
Mirae Asset Global Investments
- JOINED THE EVENT -
Webinar
Developing strategies supporting sustainable investing
View Highlights
Conversation
Victor Cheung
Victor Cheung
director, ETF investment strategist
Mirae Asset Global Investments
- JOINED THE EVENT -
Webinar
Developing strategies supporting sustainable investing
View Highlights