Sustainable Finance
Meiji Holdings issued sustainability bonds* (10th series of unsecured corporate bonds) through a public offering on Japanese markets in April 2021.
As food and health professionals, we strive to create new value and contribute through our business activities and environmental initiatives to the realization of a future society where all people can lead happy, healthy lives.
In the Meiji Group 2026 Vision, we position contributions to solving societal problems as one of our core policies. We drafted the Meiji Group Sustainability 2026 Vision to outline specific policies towards achieving this goal, and we are continuing to work towards its realization.
Additionally, we outlined Meiji Green Engagement for 2050, our long-term environmental vision, in March 2021. We will collaborate with various stakeholders in four activity domains: Climate Change, Water Resources, Circular Economy, and Pollution Prevention, and our employees will proactively engage in activities that contribute to realizing a sustainable global environment.
We are actively making use of sustainable finance, based on the sustainability finance framework we set out in January 2021, to secure the capital necessary for realizing these visions of maximizing our contributions to solving societal problems.
Sustainability Bonds Outline
| Name | Meiji Holdings Co., Ltd.'s 10th series of unsecured corporate bonds (Limited inter-bond pari passu rider) (Sustainability Bonds) |
|---|---|
| Maturity: | 5 years |
| Issue amount: | JPY 10.0 billion |
| Coupon rate: | 0.050% |
| Issue date: | Friday, April 23, 2021 |
| Use of proceeds: |
|
| Bond rating | AA- (Japan Credit Rating Agency, Ltd.) |
| Lead managers | Mizuho Securities Co., Ltd., Daiwa Securities Co., Ltd. |
| Structuring agent* | Mizuho Securities Co., Ltd. |
Third-Party Assessment of Framework and Eligibility
For the purposes of issuing sustainability bonds, Meiji Holdings established a sustainable finance framework.* Upon its establishment, it received the highest possible rank (SU1(F)) from the third-party organization, Japan Credit Rating Agency.
Reporting
Information concerning the allocation proceeds, as well as the environmental and social benefits that result, will be published annually on our website.