GS Yuasa Corporation (Tokyo Stock Exchange: 6674, “GS Yuasa”) today announced that it has concluded a sustainability-linked loan (SLL) agreement with the following four banks: MUFG Bank, Ltd.; Sumitomo Mitsui Trust Bank, Limited; Bank of Kyoto, Ltd.; and Shiga Bank, Ltd .
SLLs are a financing method that links the borrower’s achievement of ambitious sustainability performance targets (SPTs) to loan conditions such as interest rates. The goal is to promote environmentally and socially sustainable economic activities and growth by incentivizing the advancement of sustainability-focused management.
|Date of execution||July 19, 2021|
|Total amount borrowed||7.0 billion yen|
|Use of funds||Business capital|
|Lenders||MUFG Bank, Ltd.; Sumitomo Mitsui Trust Bank, Limited; Bank of Kyoto, Ltd.; and Shiga Bank, Ltd.(Bilateral loans with each bank*1)|
|KPI||Reduction of CO2 emissions|
|SPTs||Reduction of CO2 emissions (total volume basis, Scope 1 and 2*2) by 15% from the fiscal 2018 level by fiscal 2025 as a milestone toward reducing emissions by at least 30% from the fiscal 2018 level by fiscal 2030.|