IHI Concludes Transition Loan Agreement with Mizuho Bank
IHI announces today that it recently concluded a transition loan agreement with Mizuho Bank, Ltd. Such loans enable financial institutions to fund corporate efforts to transform their businesses to cut carbon emissions and help decarbonize the economy.
IHI will leverage the loan 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 stepping up ESG management in keeping with Group Management Policies 2023, which it announced in May last year.
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.
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