Notice Regarding Entry into Green Loan Agreement

  • Sustainability
  • News Release
May 31, 2022

Tokyo, Japan—DIC Corporation announced today that it has entered into a green loan agreement with MUFG Bank, Ltd., for the purpose of funding the installation of renewable energy facilities (solar and biomass power generating facilities).

The projects to be funded by this green loan have been verified by Japan Credit Rating Agency, Ltd. (JCR), as clearly benefiting the environment, as well giving sufficient consideration to potential negative environmental and social impacts. The loan was assigned a “Green 1” rating by the JCR—the highest rating in its Green Finance Evaluation Methodology—based on its third-party assessment that DIC’s use of proceeds, process for project evaluation and selection, management of proceeds, reporting on use of proceeds and efforts to address environmental issues are in alignment with the Green Loan Principles.

In DIC NET ZERO 2050, published in June 2021, the DIC Group set new long-term targets for the reduction of CO2 emissions. The Group now aims to achieve carbon neutrality—net zero CO2 emissions—by fiscal year 2050 and will seek to reduce these emissions by 50% from the fiscal year 2013 level by fiscal year 2030. The sustainability strategy set forth in the Group’s new long-term management plan, DIC Vision 2030, which was announced in February 2022 and which will guide it from 2022 through 2030, reiterates these goals and clarifies the Group’s commitment to helping realize a carbon-neutral society by promoting efforts to curb CO2 emissions. DIC’s decision to enter into this green loan was taken with the objective of using funds to install solar and biomass power generating facilities to achieve these targets.

         Overview

Having positioned climate change as the most critical social imperative it faces, the DIC Group will continue to advance wide-ranging efforts to achieve decarbonization. These include taking steps to lower CO2 emissions across markets and society, including increasing its use of renewable energy facilities.

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