Toyota Tsusho : Establishment of the Green Finance Framework- For the Promotion of Carbon Neutral Initiatives -
November 31, 2022 at 09:06 pm EDT
Share
other
2022-11-01
Toyota Tsusho Corporation ("Toyota Tsusho") announced today that it has established its Green Finance Framework*1 (the "Framework") to implement procurement of funds for use in its Renewable Energy Business, promoting the idea that, "for the company, sustainability and good management are the same," and in order to bolster initiatives aimed at achieving carbon neutrality.
We have established the Framework in alignment with the Green Bond Principles 2021 (the "GBP") administered by the International Capital Market Association ("ICMA") and the Green Loan Principles 2021 (the "GLP") administered by the Loan Market Association ("LMA"), the Asia Pacific Loan Market Association ("APLMA") and the Loan Syndications & Trading Association ("LSTA"). In addition, the Framework has received Second-Party Opinion*2 on its alignment with the GBP and the GLP from independent environmental, social and governance ("ESG") research firm Sustainalytics.
We plan to use funds procured through the Framework for development, construction and operation of renewable energy projects including plant construction, power generation, power transmission, and expenditures related to the purchase of renewable energy power, etc.
Toyota Tsusho will contribute to the transition to a decarbonized society by accelerating the development of renewable energy projects that contribute to the reduction of greenhouse gas emissions and by promoting carbon neutral initiatives, using the funds raised through green finance, thereby "Passing on a better global environment to the children of the future."
The information in this release is current as of the date of announcement.
Please note that information may change after the date of announcement. Thank you in advance for your understanding.
Back
Attachments
Original Link
Original Document
Permalink
Disclaimer
Toyota Tsusho Corporation published this content on 01 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2022 01:05:04 UTC.
Toyota Tsusho Corporation is a diversified group organized around 7 areas of activity:
- production of metal (24.1% of net sales): steel bars, flat steel, wires, pipes, aluminum, etc.;
- manufacturing of chemical products and electronic components (23.2%);
- production of automobile components and accessories (12.4%). Toyota Tsusho Corporation also offers logistics services and tire assembly services;
- manufacturing of industrial machines equipment and gas (10.9%);
- sale of vehicles (7.9%): private cars, vans, heavy vehicles and motorbikes/scooters. The group also sells spare parts and offers after-sales services;
- manufacturing of food products (7.7%);
- other (13.8%): sale of insurance products (life, health, accident and house), accommodation services, sale of medical equipment and services, sale of textile products and office supplies.
Net sales are distributed geographically as follows: Japan (30.8%), China (14.4%), Africa (13.7%), the United States (9.8%) and other (31.3%).
TOYOTA TSUSHO CORPORATION 
