Issuance of Green Bonds

Until now, Daiwa Securities Group has sold various kinds of Impact Investment bonds, thereby supporting the solving of social issues from the standpoint of a financial institution. In November 2018, Daiwa Securities Group Inc. issued its first Green Bonds, expanding its initiatives aimed at invigorating markets. As part of such initiatives, the proceeds from the Green Bonds have been used as investment and loan funds for renewable energy generation projects worked on by the Group, as well as facility funds for Green Buildings. The Group will continue to contribute to achievement of SDGs and provide investors with new investment opportunities.

Information on Green Bonds Issued by Daiwa Securities Group Inc.
(as of the end of June 2022)

1. Allocation of proceeds

The proceeds from the Green Bonds issued by Daiwa Securities Group Inc. in November 2018 (issuance amount: ¥10 billion) were fully appropriated for eligible Green Projects.
See the table below for the balance of investment and loans for eligible Green Projects by category.

List of Eligible Green Projects (as of the end of June 2022)

Category Sub-category Commencement of
Finance/Refinance
Finance/Refinance Balance
(units of ¥ billion)
Renewable energy Photovoltaic power generation November 2018 Refinance 1.5
Renewable energy Photovoltaic power generation February 2019 Finance 1.7
Renewable energy Photovoltaic power generation June 2021 Finance 2.7
Renewable energy Photovoltaic power generation June 2022 Finance 2.1
Green Building - November 2018 Refinance 2.0
  total 10

2. Environmental Impact

As of the end of June 2022, the eligible Green Projects for which the proceeds from Green Bonds were appropriated have an energy output/assumed energy output of 110,940 MWh. They have the effect of reducing carbon dioxide (CO2) emissions by 49,590 t-CO2 annually.

Report on Environmental Impact (as of the end of June 2022)

Category Sub-category Energy output/
assumed energy output (MWh)
Estimated CO2 emissions
reduction effect (t-CO2)
Renewable energy Photovoltaic power generation 110,940 49,590
Category Progress of application for certification
Green Building Awarded Five Stars in plan certification for the DBJ Green Building Certification Program
  • *Calculation of environmental impact when no results have been obtained or the period of operation is less than one year, the assumed energy output is calculated based on a report on energy output projections submitted by a third-party institution. For projects under development that are not scheduled to be brought into operation during this year, the assumed output for the first year of operation is used. All power plants are scheduled to be brought into operation by FY2023.

3. Annual Review by Independent provider of ESG research and analysis

A review by an independent provider of ESG research and analysis confirmed that the use of proceeds criteria and the reporting criteria were met.

4. Initiatives by Group Companies

Daiwa Securities Co. Ltd.

Daiwa Next Bank, Ltd.

Daiwa Energy & Infrastructure Co. Ltd.