September 27, 2023
To whom may it concern, | |
Name of company: | Toyobo Co., Ltd. |
Name of representative: | Ikuo Takeuchi, |
President & Representative Director | |
(Stock code: 3101, Prime Market of the Tokyo Stock Exchange) | |
Contact: | Yukiko Mochida, |
General Manager, |
Corporate Sustainability Department (TEL +81-6-6348-3046)
Hidekazu Takahashi,
General Manager, Finance Department (TEL +81-6-6348-3137)
Notice regarding the Conclusion of a Positive Impact Finance Loan Agreement
Toyobo Co., Ltd. (hereinafter "Toyobo") and Sumitomo Mitsui Trust Bank, Limited concluded a "Positive Impact Finance (with unspecified use of funds)" loan agreement (hereinafter "the Agreement") that is in line with the Principles for Positive Impact Finance(*1) proposed by the United Nations Environment Programme Finance Initiative (hereinafter "UNEP FI")(*2).
1. Aim and background of Positive Impact Finance
Positive Impact Finance is intended to support corporations' activities of which we comprehensively analyze and evaluate the impacts (both positive and negative) related to the environment, society and economy. The most notable feature of Positive Impact Finance is that the degree of contribution from corporate activities, products and services in achieving Sustainable Development Goals (SDGs) is used as an evaluation indicator and monitored based on publicly disclosed information, and that we support corporations' activities to achieve these goals through engagement.
In May 2022, Toyobo anticipated change in the future business environment and formulated the Sustainable Vision 2030, showing the ideal state of Toyobo Group in 2030, sustainability indicators and action plans, based on its corporate philosophy of "Jun-Ri-Soku-Yu" (Adhering to reason leads to prosperity).
Through the evaluation of Positive Impact Finance, Toyobo's goals established under "Sustainable Vision 2030" and its initiatives for achieving those goals were assessed as being able to contribute to solving social issues, and Toyobo has concluded the Agreement. Toyobo will earnestly work for "Realizing sustainable growth" through the measures established at this time.
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2. Measures, goals and KPIs that Toyobo works on through Positive Impact Finance
Theme | Content | Goals and Indicators (KPIs) | SDGs | |||||||||
(a) Thorough safety, disaster | ||||||||||||
prevention and quality assurance | ||||||||||||
Goals | ||||||||||||
i. Achieve zero industrial accidents in | ||||||||||||
workplaces | ||||||||||||
ii. Achieve zero product-related | ||||||||||||
accidents | ||||||||||||
Indicators (KPIs) | ||||||||||||
i. Number of serious accidents, number | ||||||||||||
of fires or explosions and number of spill | ||||||||||||
accidents | ||||||||||||
ii. Number of product-related accidents | ||||||||||||
・Ensure a safe and secure | (b) Realization of procurement and | |||||||||||
Employee well- | working environment and the | logistics that involve fair and sincere | ||||||||||
safety of people | transactions, respect human rights, | |||||||||||
being and | ||||||||||||
・Prevent infringement on | are environmentally friendly, and | |||||||||||
human rights in | ||||||||||||
human rights and respond to | consider impact on both society and | |||||||||||
the supply chain | ||||||||||||
climate change in the supply | the environment | |||||||||||
chain | Goals | |||||||||||
・Maintain a ratio of 90% or above of | ||||||||||||
CSR procurement surveys returned | ||||||||||||
(conducted once every two years) | ||||||||||||
・Maintain 100% engagement with | ||||||||||||
business partners with identified issues | ||||||||||||
Indicators (KPIs) | ||||||||||||
・Ratio of CSR procurement surveys | ||||||||||||
returned (conducted once every two | ||||||||||||
years) | ||||||||||||
・Status of implementation of | ||||||||||||
engagement with business partners with | ||||||||||||
identified issues based on the surveys | ||||||||||||
(a) Provide solutions in the field of | ||||||||||||
infectious diseases | ||||||||||||
Goal | ||||||||||||
Reduce the number of patients | By 2030, 10 million tests conducted per | |||||||||||
A healthy | ||||||||||||
with infectious | diseases, and | year by the provision of infectious | ||||||||||
lifestyle and | ||||||||||||
improve | QOL | for dialysis | disease diagnostics. | |||||||||
health care | ||||||||||||
patients | ||||||||||||
Indicator (KPI) | ||||||||||||
Number of tests conducted per year by | ||||||||||||
the provision of infectious disease | ||||||||||||
diagnostics. | ||||||||||||
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(b) Provide materials essential for | ||||||||||
QOL improvement and medical | ||||||||||
treatment | ||||||||||
Goal | ||||||||||
By 2030, 250,000 dialysis patients per | ||||||||||
year provided with dialysis membranes | ||||||||||
Indicator (KPI) | ||||||||||
Number of dialysis patients provided | ||||||||||
with dialysis membranes | ||||||||||
Provide product materials necessary | ||||||||||
for advancing digital technology as | ||||||||||
well as solutions to support the | ||||||||||
manufacturing process | ||||||||||
Smart | ||||||||||
communities | Contribute to the realization of a | Goal | ||||||||
and comfortable | digital society | By 2030, Sales of product groups | ||||||||
spaces | supporting DX increased by 50% | |||||||||
compared with FY2021 | ||||||||||
Indicator (KPI) | ||||||||||
Sales of product groups supporting DX | ||||||||||
(a) Achieve carbon neutrality | ||||||||||
Goals | ||||||||||
i. Cutting GHG emissions (Scopes 1 and | ||||||||||
2) by 27.0% compared with FY2021 by | ||||||||||
FY2031 and achieve net zero GHG | ||||||||||
emissions by FY2051 | ||||||||||
ii. Cutting GHG emissions (Scope 3 | ||||||||||
(categories 1 and 11)) by 12.5% | ||||||||||
compared with FY2021 by FY2031 | ||||||||||
A decarbonized | Realize a decarbonized society | Indicators (KPIs) | ||||||||
and circular | and circular society through | i. GHG emissions (Scopes 1 and 2) | ||||||||
society | business operations | ii. GHG emissions (Scope 3 (categories | ||||||||
1 and 11)) | ||||||||||
(b) Increase green ratio of film | ||||||||||
products | ||||||||||
Goal | ||||||||||
Achieve a ratio of 60% of green films by | ||||||||||
2030 | ||||||||||
Indicator (KPI) | ||||||||||
Ratio of green films | ||||||||||
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3. Others
With respect to the procedures related to the evaluation from Japan Credit Rating Agency, Ltd. in concluding the Agreement, Toyobo obtained a third-party opinion concerning compliance with the Principles for Positive Impact Finance and reasonableness of the evaluation indicators. Please refer to the following link for details.
(External link)
https://www.jcr.co.jp/greenfinance/*In Japanese only
(*1) The Principles for Positive Impact Finance
The Principles for Positive Impact Finance was developed by UNEP FI in January 2017 as a financial framework for achieving the SDGs. Companies disclose the level of contributions to achieving SDGs through KPIs. Banks then provide funding by evaluating the positive impact observed from these KPIs that is intended to guide the borrowers to increase the positive impact and reduce the negative impact.
The lending bank, as a responsible financial institution, will check if the impact is continuing or not by monitoring the indicators.
(*2) The United Nations Environment Programme Finance Initiative (UNEP FI)
The United Nations Environment Programme (UNEP) is an executive body for implementing the "Human Environment Declaration" and the "International Environmental Action Programme", established in 1972 as a subsidiary body to the United Nations system. UNEP FI represents a broad as well as a close partnership between UNEP and more than 200 global financial institutions. Since its establishment in 1992, UNEP FI has been working in concert with financial institutions, policy/regulatory authorities to transform itself into a financial system that integrates economic development and ESG considerations.
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Toyobo Co. Ltd. published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 06:39:08 UTC.