News
TSUKASA PETCO Ltd. has invested in green bonds issued by the city of Kawasaki.
August 18, 2021
TSUKASA PETCO Ltd. invests in green bonds issued by the city of Kawasaki
TSUKASA PETCO Ltd. (Representative Director: Eiji Morita; "Company" hereinafter) has decided to invest in green bonds issued by the city of Kawasaki (public offering of first City of Kawasaki five-year green bonds; "Bonds" hereinafter).
Green bonds are bonds issued to raise funds for uses such as projects to contribute to climate-change mitigation and adaptation. They are one aspect of ESG (1) investment. The Japan Credit Rating Agency, Ltd. has confirmed that the Bonds conform to the Green Bond Principles 2021 defined by the International Capital Market Association (ICMA) and the Ministry of the Environment of Japan's Green Bond Guidelines 2020. They have been awarded the highest ranking of "Green 1 (F)."
Funds raised using the Bonds will be allocate to the following environmental measures by the city of Kawasaki, intended to contribute to achievement of net zero carbon-dioxide (CO2) emissions in 2050 (mitigation) and to avoid and alleviate damage from natural disasters caused by climate change (adaptation).
(1) ESG: Environment, social, and governance ESG investment refers to investments chosen with an emphasis on the above factors.
| Category | Our Business |
|---|---|
| Tachibana Processing Center improvement project | Pollution prevention and management Energy efficiency |
| Rebuilding project for government offices etc. | Green building |
| Eco-friendly technologies adoption project | Energy efficiency |
| Gotandagawa flood control channel improvement project | Climate-change adaptation Sustainable water resources and wastewater management |
| Issue | Public offering of first City of Kawasaki five-year green bonds |
|---|---|
| Period | Five years |
| Issue amount | 5 billion yen |
| Date issued | Tuesday, August 18, 2021 |