{"id":4666,"date":"2024-03-24T15:56:42","date_gmt":"2024-03-24T06:56:42","guid":{"rendered":"https:\/\/www.meg-snow.com\/english\/?page_id=4666"},"modified":"2025-09-30T09:37:29","modified_gmt":"2025-09-30T00:37:29","slug":"sustainable-finance","status":"publish","type":"page","link":"https:\/\/www.meg-snow.com\/english\/sustainability\/sustainable-finance\/","title":{"rendered":"sustainable-finance"},"content":{"rendered":"\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/i>\t\t\t<\/span>\n\t\t\t\t\t\tSustainability Linked Loan<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/i>\t\t\t<\/span>\n\t\t\t\t\t\tGreen Bond\u3000\u3000\u3000\u3000\u3000<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t<\/i>\t\t\t<\/span>\n\t\t\t\t\t\tReporting\u3000\u3000\u3000\u3000<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tProject overview<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

The Sustainability Link Loan (“SLL”) sets Sustainability Performance Targets (\u201cSPT\u201d) that correspond to a borrower\u2019s sustainability goals based on its business strategy. By linking loan conditions and SPT progress status, the SLL motivates borrowers to achieve their goals, and supports their sustainable business activities as well as growth from environmental and social perspectives.<\/p>

The Norinchukin Bank and Megmilk Snow Brand Co., Ltd. entered into a syndicated loan agreement for the SLL in line with the SLL Principles established by the Loan Market Association*<\/sup>\u00a0(hereafter \u201cJA Bank Syndicated SLL\u201d). The JA Bank Syndicated SLL is arranged by The Norinchukin Trust & Banking Co., Ltd (President & Representative Director: TAKAHASHI Shigemitsu) and syndicated by JA Bank members. It is the first SLL for JA Bank syndication to the Japanese food industry.<\/p>

In consideration of the Megmilk Snow Brand Group\u2019s targets based on the important CSR issues(materiality), we set SPT of reducing CO\u2082 emissions (50% reduction by fiscal 2030, compared to fiscal 2013) to this SLL..<\/p>

*The Loan Market Association aims to improve the liquidity, efficiency, and transparency of the syndicated loan market in Europe, the Middle East, and Africa. It is comprised of more than 700 institutions in more than 60 countries.<\/h6>

\u00a0<\/p>
Item<\/td>Contents<\/td><\/tr>
Implementation date<\/td>March 14, 2022<\/td><\/tr>
Contract period<\/td>6 years<\/td><\/tr>
Originated amount<\/td>JPY 8,000,000,000<\/td><\/tr>
Lenders<\/td>JA Hokkaido Shinnoren
JA Niigata Shinnoren
JA Ibaraki Shinnoren
JA Saitama Shinnoren
JA Shizuoka Shinnoren
JA Kyoto Shinnoren
JA Hyogo Shinnoren
JA Fukuoka Shinnoren
JA Okinawa<\/td><\/tr>
Agent<\/td>The Norinchukin Bank<\/td><\/tr>
Arranger<\/td>The Norinchukin Trust Banking Co., Ltd.<\/td><\/tr><\/tbody><\/table>

[PDF]\u00a0JA Bank Syndicate signs into Sustainability Linked Loan Agreement with Megmilk Snow Brand Co., Ltd.<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n[PDF] Verification Statements 2021<\/a>
\n[PDF] Verification Statements 2022<\/a>
\n[PDF] Verification Statements 2023<\/a>
\n[PDF] Verification Statements 2024<\/a>
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Green Bond<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tGreen Bond Framework<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t

[PDF] Green Bond Framework<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tProject overview<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t
Name<\/td>MEGMILK SNOW BRAND Co., Ltd 2nd Series of Unsecured Corporate Bond (with inter-bond pari passu clause; Green Bond)<\/td><\/tr>
Maturity<\/td>5 years<\/td><\/tr>
amount<\/td>5.0 billion yen<\/td><\/tr>
Coupon<\/td>0.460%<\/td><\/tr>
Issue Date<\/td>December 8, 2022<\/td><\/tr>
Lead Managers<\/td>Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mizuho Securities Co., Ltd.
Daiwa Securities Co. Ltd.<\/td><\/tr>
Structuring Agent<\/td>Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.<\/td><\/tr>
Financial Agent<\/td>The Norinchukin Bank<\/td><\/tr>
Second-party opinion<\/td>We have obtained a second-party opinion from R&I, an independent external reviewer, on the alignment of our Green Bond Framework*4 with the Green Bond Principles 2021 (ICMA) and the Green Bond Guidelines 2022 (MOE).<\/td><\/tr><\/tbody><\/table>

[PDF] Notice Concerning Decision of Issuance and Issuance Conditions of the MEGMILK SNOW BRAND Group\u2019s First Green Bond<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Use of Proceeds<\/td>

The funds will be used for the following capital investments that will contribute to reducing environmental impact.<\/p>

(1) Installation of facilities to convert biomass by-products generated in the process of recovering whey and whey’s useful components into methane gas: Taiki Plant<\/p>

(2) Investment in wastewater treatment facilities that contribute to waste (sludge) reduction
\u2012 The renewal of the wastewater treatment facilities: Isobunnai Plant, Taiki Plant
\u2012 The Installation of the sludge volume reduction facilities: Noda Plant
\u2012 The Installation of the sludge drying facilities: Taiki Plant<\/p><\/td><\/tr><\/tbody><\/table>

[PDF] Notice Concerning Decision of Issuance and Issuance Conditions of the MEGMILK SNOW BRAND Group\u2019s First Green Bond<\/a><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Reporting<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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[PDF]\u00a0Fiscal 2023<\/a>
[PDF]\u00a0Fiscal 2022<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Sustainability Linked Loan Green Bond\u3000\u3000\u3000\u3000\u3000 Reporting\u3000\u3000\u3000\u3000 Project overview The Sustainability Link Loan (“... \uff08\u7d9a\u304d\u3092\u8aad\u3080\uff09<\/a>","protected":false},"author":7,"featured_media":0,"parent":196,"menu_order":89,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/pages\/4666"}],"collection":[{"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/comments?post=4666"}],"version-history":[{"count":19,"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/pages\/4666\/revisions"}],"predecessor-version":[{"id":5277,"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/pages\/4666\/revisions\/5277"}],"up":[{"embeddable":true,"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/pages\/196"}],"wp:attachment":[{"href":"https:\/\/www.meg-snow.com\/english\/wp-json\/wp\/v2\/media?parent=4666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}