IHI concluded a positive impact finance loan agreement with the Shizuoka Bank, Ltd.
The agreement entails comprehensively assessing the environmental, social, and economic impacts of corporate activities. The lending will support efforts to improve positive impacts and reduce negative ones. Assessments are in line with a framework that Shizuoka Bank set up with the Shizuoka Economic Research Institute.
The IHI Group has plants, offices, and subsidiaries around Japan. This agreement is exclusively with a regional banking syndicate to foster co-creation between Group operations and communities as part of ESG management initiatives.
An assessment of the impact of IHI’s operations for this agreement was as follows.
Japan Credit Rating Agency, Ltd., assessed IHI's business activities as expected to have a positive impact in terms of diversity, effectiveness, efficiency, and additionality after reviewing the impacts based on the KPIs of the Finance in accordance with the evaluation criteria exemplified in the PIF Principles.
For the independent opinion from Japan Credit Rating Agency, Ltd., please visit:
Related News Release
March 10, 2023–IHI Concludes Syndicated Positive Impact Finance Loan Agreement with Shizuoka Bank