DIC publishes notice regarding the conclusion of a green loan agreement

DIC Corporation announced that it has entered into a green loan agreement with MUFG Bank, Ltd., to finance the installation of renewable energy facilities (solar and biomass power generation facilities).

The projects financed by this green loan have been verified by the Japan Credit Rating Agency, Ltd. (JCR), as being clearly beneficial to the environment, while sufficiently taking into account potential negative environmental and social impacts.

The loan was assigned a “green 1” rating by the JCR, the highest rating in its green finance rating methodology, based on its third-party assessment that DIC’s use of the product , the project evaluation and selection process, proceeds management, reporting on the use of revenues, and efforts to address environmental issues are consistent with green lending principles.

In DIC NET ZERO 2050, published in June 2021, the DIC Group set new long-term goals for the reduction of CO2 emissions. The Group now aims to achieve carbon neutrality – zero net CO2 emissions – by FY2050 and will seek to reduce these emissions by 50% from FY2013 levels by FY2030. DIC’s decision to take out this green loan was made with the objective of using funds to install solar and biomass power generation facilities to achieve these goals.

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