Mitsubishi Chemical Holdings Corporation (MCHC; Head office: Chiyoda-ku, Tokyo; President: Hitoshi Ochi) has concluded a loan agreement with the Development Bank of Japan (DBJ; Head office: Chiyoda-ku, Tokyo; President: Hajime Watanabe) on a DBJ Sustainability Linked Loan with Engagement Dialogue (DBJ-SLL). This is the DBJ’s first implementation of DBJ-SLL.
By linking the degree of achievement of a borrower’s ESG-related targets (sustainability performance targets or SPTs) with borrowing terms, DBJ-SLLs encourage corporate activity aimed at achievement of the borrower’s targets.
In the MCHC Group’s medium- to long-term basic management strategy, KAITEKI Vision 30, which was formulated by backcasting from its vision for society in 2050, MCHC compared its mission and values with the UN Sustainable Development Goals and megatrends, and designated social issues that the Group should help resolve. Based on these factors, MCHC selected business domains including GHG reduction and carbon recycling, and is making group-wide efforts to provide solutions aimed at addressing these issues.
For this DBJ-SLL, the DBJ has evaluated quantitative targets relating to projects aimed at pioneering chemical recycling in the carbon recycling business domain as SPTs. Such chemical recycling will provide concrete solutions that address the issue of plastic waste and other problems.
By pursuing business development in areas such as GHG reduction and carbon recycling that contribute to solutions to social issues, the MCHC Group will continue contributing to the creation of a sustainable society.
Overview of DBJ-SLL
December 2, 2020
Date agreement concluded
November 30, 2020
30 billion yen
For further information, please contact: Public Relations and Investor Relations Office Mitsubishi Chemical Holdings Corporation Tel: [+81] (0)3-6748-7140