IHI Concludes Syndicated Green and Transition Loan Agreement with Chiba Bank
IHI Corporation announces today that it recently concluded a syndicated green and transition loan agreement with The Chiba Bank, Ltd., based on the Sustainable Finance Framework that the company formulated in September 2023.
A green loan supports projects that generate zero or low greenhouse gas emissions. A transition loan helps companies to steadily reduce these emissions in line with long-term strategies to help decarbonize the economy.
IHI will harness these loans to newly invest in or refinance projects that it has designated under its framework. Efforts include investing in aero engines and space, primarily to weight reduction of aircraft and electrification of their aircraft engines, and in clean energy, focusing on ammonia.
In line with its management philosophies, which emphasize contributing to the development of society through technology and that human resources are its single most valuable asset, and the IHI Group ESG Management policy, the IHI Group has made mitigating and adapting to environmental change a top management priority.
IHI will use funds from this loan to shift management resources to growth areas based on Group Management Policies 2023 to become a sustainable, high-growth company.
Loan outline
| Arranger | Chiba Bank |
| Participating financial institutions |
Chiba Bank, Chugoku Bank Ltd., The Daishi Hokuetsu Bank, Ltd., The Gunma Bank, Ltd., The Iyo Bank, Ltd., and other bank |
Reference links
IHI Group ESG Management
https://www.ihi.co.jp/en/sustainable/esg/
Group Management Policies 2023
https://www.ihi.co.jp/en/ir/management/management_plan/
IHI Sustainable Finance Framework
https://www.ihi.co.jp/en/sustainable/finance/i/231012_framework.pdf