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Green Loans with Sumitomo Mitsui Banking Corporation

Green Loans with Sumitomo Mitsui Banking Corporation

IHI concluded "Green Loan" financing agreement with Sumitomo Mitsui Banking Corporation (SMBC) in December 2023.

Sustainable Finance Framework
Using of proceeds
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Sustainable Finance Framework

This loan is financed using the Sustainable Finance Framework developed in September 2023.
IHI Corporation Sustainable Finance Framework

Using of proceeds

The IHI Group will use proceeds for new and existing expenditures, (such as for technology and product development costs, capital expenditures, and capital investment spending) relating to qualified projects meeting the following eligibility criteria.

Category		Projects（Example）
1.Growth Business （Aero Engines and Space）	Electrification of aircraft engine	Development of Next generation engine, etc. （Use of Proceeds: Research and Development, Business Development, Capital Expenditure, Miscellaneous cost relevant to above mentioned projects and Capital Contribution）
1.Growth Business （Aero Engines and Space）	SAF*	Development synthetic catalysts and algae culture, etc.（Use of Proceeds：Research and Development, Business Development, Capital Expenditure, Miscellaneous cost relevant to above mentioned projects and Capital）
3.Core Businesses （Utilizing Existing Businesses）	Electrification of automobile*	Development of electric turbochargers, etc. (Use of Proceeds: Research and Development, Business Development, Capital Expenditure, Miscellaneous cost relevant to above mentioned projects and Capital）
4.Reducing CO₂ Emissions in Business Operations （Scope1，2）		switching to fuels for heat source equipment at business sites, promoting electrification, and upgrading to energy efficiency equipment, etc. (Use of Proceeds: Capital Expenditure, Miscellaneous cost relevant to above mentioned projects and Capital)

Related News Release

December 15, 2023　 IHI Concludes Green Loan Agreement with Sumitomo Mitsui Banking Corporation

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