Promoting Diversity
SEIBU Seibu Holdings Inc. uses sustainable finance to fund its sustainability actions.
Sustainable Finance Framework
To achieve the outcomes set forth in the Seibu Group Long-Term Strategy 2035, we formulated this framework to expand funding through sustainable finance, with the aim of realizing the materiality established to promote both a sustainable society and the Seibu Group’s sustained and robust growth. This framework enables to implement “Sustainability-Linked Finance,” which links the achievement of targets based on our sustainability strategy to financing terms for bonds and loans, as well as “Sustainability Finance,” where funds are allocated to green, nature, and social projects.
Furthermore, regarding compliance with these principles, we have obtained a third-party opinion on the Sustainability-Linked Finance Framework from Japan Credit Rating Agency, Ltd. (JCR), a third-party rating agency. In addition, regarding the Sustainability Finance Framework, we have received the highest ratings in both the “JCR Sustainability Finance Framework Assessment” (“SU1 (F)”) and the “JCR Nature Finance Framework Assessment” (“Nature1 (F)”).
■Sustainable Finance Framework Information
View details below.
https://ssl4.eir-parts.net/doc/9024/announcement8/119041/00.pdf
Green Bonds
| Item | Issue date | Maturity date | Rate | Outstanding balance |
|---|---|---|---|---|
| 4th series unsecured straight bond (With Inter-Bond Pari Passu Clause) (Green Bonds) |
December 12, 2019 |
December 12, 2029 |
0.270% |
¥10.0 billion |
| 5th series unsecured straight bond (With Inter-Bond Pari Passu Clause) (Green Bonds) |
June 16, 2021 |
June 16, 2026 |
0.180% | ¥10.0 billion |
Sustainability Linked Loans
| Date of execution | Lenders | Contract amount | KPI/SPTs | News Release |
|---|---|---|---|---|
| March 31, 2021 | Sumitomo Mitsui Trust Bank, Limited | ¥5.0 billion | Environmental footprint reduction targets (CO2 emission reduction targets) Reduction of CO2 emissions per basic unit (CO2 emissions per operating earnings) by 25% by fiscal 2030, relative to fiscal 2018 |
For more information |
| March 31, 2023 | The Norinchukin Bank | \12.0 billion | Achievement of the Leadership Level (A or A-) in the CDP Scores for climate change disclosure | For more information |
| September 29, 2023 | The Hachijuni Bank, Ltd., Meiji Yasuda Life Insurance Company, Nippon Life Insurance Company, and The Norinchukin Bank | \5.989 billion | Achievement of the Leadership Level (A or A-) in the CDP Scores for climate change disclosure | For more information |
| February 22, 2024*1 | Development Bank of Japan Inc. | ¥11.0 billion | KPI:Seibu Railway's CO2 emissions (Scopes 1 and 2) SPT:To reduce CO2 emissions by 46% or more compared to fiscal year 2018 by fiscal year 2030 based on the KPI |
For more information |
| March 29, 2024 | The Dai-ichi Life Insurance Company, Limited | ¥2.0 billion | Achievement of the Leadership Level A or sustain A- in the CDP Scores for climate change disclosure*2 | ー |
| September 30, 2024 | Meiji Yasuda Life Insurance Company, The Shiga Bank, Ltd., Nippon Life Insurance Company | ¥2.426 billion | Achievement of the Leadership Level (A or A-) in the CDP Scores for climate change disclosure | ー |
| December 30, 2024 | The Dai-ichi Life Insurance Company, Limited | ¥1.63 billion | Achievement of the Leadership Level A or sustain A- in the CDP Scores for climate change disclosure*2 | ー |
| September 30, 2025 | Nippon Life Insurance Company, Meiji Yasuda Life Insurance Company | ¥2.874billion | KPI①：Seibu Group's CO2 emissions (Scopes 1 and 2) KPI②：CDP Scores for climate change disclosure SPT①：To reduce CO2 emissions (Scope 1 and 2) by 46% compared to fiscal year 2018 and by 5% compared to the previous fiscal year by fiscal year 2030 based on the KPI① SPT②：Achievement of the Leadership Level (A or A-) for the KPI② |
ー |
| March 31, 2026 | Hachijuni Nagano Bank, Ltd., The Shiga Bank, Ltd. | ¥2.1billion | KPI①：Seibu Group's CO2 emissions (Scopes 1 and 2) KPI②：CDP Scores for climate change disclosure SPT①：Achievement of annual targets for KPI ① set through linear interpolation toward the FY2035 or FY2040 targets. SPT②：Achievement of the Leadership Level(A or A-) for the KPI② |
ー |
*2 Base year is CDP2023 Score (Climate Change Score A-)
Others
| Contract | Date of execution | Lenders | Contract amount |
|---|---|---|---|
| Mizuho Eco Finance | April 7, 2026 | Mizuho Bank, Ltd. and 6 other banks | Commitment Line: ¥90billion |